this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] wirebeads@lemmy.ca 50 points 5 days ago* (last edited 5 days ago) (4 children)

Trump: Meta will invest $500 billion.

Truth: Meta will invest around $60 billion.

Thats a gross mis representation of what’s factually correct in monetary terms.

This fucking asshat is going to sink the American economy. No major company is going to do this. Why would TSMC spend “$500 billion” to build a factory?

Them just paying the tariff would be less than building a new factory. They just need to survive trumps term and frankly, when the U.S. can’t get chips at an affordable price from Taiwan, those tariffs will fall away like a pillar f sand during high tide.

Absolutely dumbest fucking turd on the planet.

[–] Lemmyoutofhere@lemmy.ca 31 points 5 days ago (4 children)

Americans will be paying the tariffs, not foreign companies.

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[–] EvilCartyen@feddit.dk 49 points 5 days ago (1 children)

This is kind of hilarious in a dumb way. It's going to hit american consumers like a goddamn hammer, and will be rewarded with tariffs going the other way, and we'll all be poorer. Americans most of all.

If he keeps going like this you'll end up with stagflation - high inflation and a stagnating or recessive economy. That shit is hard to get out of, good luck.

[–] Zentron@lemm.ee 24 points 5 days ago (1 children)

With a balooning debt to gdp ratio, its gonna get unmanagable really fast , people are too stupid to elect another FDR and US' tech dominance gap will shrink or be outright gone.

Chinese millenia is coming if its not already here

[–] WoodScientist@sh.itjust.works 24 points 5 days ago (2 children)

Honestly, at this point, I think it's time to just call it a day on the very idea of the US as a single unified nation. The Constitution has been demonstrated, beyond a shadow of a doubt, to be utterly incapable of actually doing its job. It's a 200+ year old document written in a different age, by people who didn't have hundreds of examples of modern democracies to draw upon. It was a good attempt, but it's horribly obsolete at this point. And our institutions are equally not up to the task. And it was written by 13 states who each joined willingly. If you gave each state a chance to join the current US today, how many would actually do it?

We need to peacefully dissolve the whole thing. Dissolve the federal government; grant every state full independence. The states can then come together into whatever number of new nations they wish to form.

This clearly isn't working. Half the country has completely given up on the Constitution, and the other half thinks institutions and laws alone will magically fix the problem. We've crossed the Rubicon. Once a president is allowed to get away with this level of flagrant law breaking, once the courts have become this corrupted, once the system has become so sclerotic and fundamentally incapable of meeting the needs of the people? It's time to call it quits. There's no repairing a system like this. Even if free and fair elections happen, electing a Democrat in 2028 will not fix this problem. At best, we'll get 4 more years of useless waffling, and then another fascist will get elected in 2032.

The US is a couple that has reached an impasse of irreconcilable differences. The US had a good run, but at this point it's time to admit that it's run its course, and it is time to move on.

The US isn't even really a nation; it's more of an empire. There are vast regional differences in the country. The cultures and desired governments of the people in the different regions vary substantially. But because we're all locked together in this bloated dying husk of an empire, nobody is happy. There's a reason the oldest countries in the world tend to be smaller ones. Empires are held together by force, not by common culture and shared values. They tend to collapse under their own weight and contradictions eventually. And the US is no exception.

And we shouldn't mourn this. The US had a good run. It did some cool things and made some real advancements on the human story. But governments exist ultimately to serve the people. Can anyone really say with a straight face that the people of the US wouldn't be better served by breaking the US into a series of smaller, more manageable nations that better reflect the will of their people? Would all the nations that border the Mediterranean really be better off if they were still united in the Roman Empire? Would all of Latin America outside of Brazil be better off if it was all still New Spain? Would the people of Asia be happier if they were still united in some post-Mongol empire? I don't think so.

Sometimes you just need to let things die. It's time to put the United States out of its misery. We can do better.

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[–] psycho_driver@lemmy.world 31 points 5 days ago* (last edited 5 days ago) (2 children)

Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.

[–] skisnow@lemmy.ca 20 points 5 days ago* (last edited 5 days ago) (2 children)

The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.

It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.

Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because "fuck you, give me more".

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[–] Buelldozer 39 points 5 days ago (4 children)

Smells like Smoot-Hawley up in this bitch.

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[–] BigMikeInAustin@lemmy.world 34 points 5 days ago (1 children)

Did he wait until late afternoon Apr 2nd?

He failed to do it "the day l'm elected."

He failed to do it the day he was sworn in.

He failed to do it, like 5 times from Jan - Mar.

He failed to do it Apr 1.

He failed to do business during business hours Apr 2nd.

This little baby just keeps failing and hiding.

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[–] RandAlThor@lemmy.ca 39 points 5 days ago (1 children)

Cambodia and Vietnam are so fucked. All the Chinese companies shifting production to Vietnam and Cambodia are fucked. Damn. These are very high tariffs.

[–] AmbiguousProps 49 points 5 days ago

Most of all, the US is fucked.

[–] lumony@lemmings.world 16 points 4 days ago (2 children)

We need a tariff on the ruling class.

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[–] mlg@lemmy.world 26 points 5 days ago* (last edited 5 days ago) (3 children)

I don't know what the actual reasoning is but the 49/46% on Cambodia and Vietnam sounds an awful lot like how we still embargo Cuba like decades after failing to overthrow Castro.

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[–] phoenixz@lemmy.ca 15 points 4 days ago (2 children)

Well well well, we finally fell off the cliff, didn't we?

Starting a trade war with the entire world, easy to win, right?

If the entire world reciprocates, which they will, you will literally wish you had just a recession to worry about. I wonder how Trump's approval ratings will be about a month from now

[–] gamer@lemm.ee 12 points 4 days ago (2 children)

Trump doesn't care about approval ratings. He has a "golden parachute" waiting for him and his buddies in Russia after he destroys America.

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[–] 1ns1p1d@lemm.ee 25 points 5 days ago* (last edited 5 days ago) (1 children)

I swear that if we could just all ignore him unless he does nice things, we'll make him stop. The tariffs are not his plan. That's someone else pulling the strings. He just likes the attention. Giving a malignant narcissist any kind of supply is just going to make him worse. His fans already treat him like the messiah.

Gray rock the shit out of him. Remove his name from the internet, hack Fox news - take it all down, and only give it back when he behaves like a good boy.

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[–] ragepaw@lemmy.ca 32 points 5 days ago

Stop calling them reciprocal.

[–] warm@kbin.earth 32 points 5 days ago

How to isolate your country:

[–] Madbrad200@sh.itjust.works 31 points 5 days ago (1 children)

Whelp, guess I'm joining the Boycott US movement

[–] gdog05@lemmy.world 38 points 5 days ago (2 children)

Everyone should be boycotting the US, especially those inside of the US.

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[–] crystalmerchant@lemmy.world 25 points 5 days ago (2 children)
[–] TommySoda@lemmy.world 27 points 5 days ago

Bro just crashed the market with a printed out excel sheet.

[–] Fingolfinz@lemmy.world 21 points 5 days ago

And crashed the market more!

[–] deegeese@sopuli.xyz 26 points 5 days ago (2 children)

Tarrifs are a Trump Tax on ordinary Americans so they can give tax breaks to billionaires.

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