The president just keeps introducing more chaos.
Archived version: https://archive.is/newest/https://gizmodo.com/trump-threatens-104-tariffs-on-china-as-the-mad-king-plays-chicken-with-the-global-economy-2000585944
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
It hurts itself in its confusion! It’s super effective!
Exactly! China retaliation was a master stroke.
Better title should be “Trump Threatens 104% GST tax (tariffs) increase on Americans buying imports from China as the Snowflake Woke King Plays with tariffs.”
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At some point
tarrifstariffs won’t matter anymore because at that tariff height the goods could just as well not be available at all.Yep, we are watching the active teardown of the global trade infrastructure that has been built over the past 5 decades.
That international trade has been the single largest deterrent to international warfare. Neighbors who actively trade are far less likely to go to war with each other. Powerful nations have an interest in exploiting less powerful nations economically rather than conquer them militarily - it’s cheaper, and you can extract value from the exploited nation over an extended period rather than gain some short-term value while destroying the source of that value. The exploited nations benefit by not being attacked, and may have more flexible options for improving their position economically (i.e. Japan in the electronics market in the 1980s).
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
Except in places I’ve worked where this happened the new boss was on probation and could more easily be let go for poor performance. We tried something like that with tRump with two impeachments.
There’s no such thing as a recall election for the president, at least not for 4-years. And that’s a long time from now. Took only 80 days to get here from inauguration. We, and the global markets, will never recover if they leave it to us to fix it. Rest of the world can go on without us.
China will suffer from reduced sales. The rest of the world except the US will reap the benefits of this.
lol no, American will still buy China goods and pay the higher tax (tariff which is basically GST/VAT) rate to Trump due to lack of alternatives. In fact sales are going up because people are stockpiling. Even other countries like Skorea, Samsung made record sales in US due to tariffs announcement.
One r two fs in tariff
Since we’re apparently going to have to be spelling it all the time now.
Ah, yes.
I’d rather like to forget about it all until I can do more than just avoid American products
American products will be ridiculously overpriced now due to Trump charge a tax (tariff) to americans who import goods from china and other countries. No one will be able to afford them.
just use Tarkin.
you fool, you missed a tarrif
Can’t wait for the next year when he screams in the corner about other countries being mean to the US, so he is forced to do military incursion into the Greenland.
Fuck everyone who voted for this, btw. But also fuck every single motherfucker who enabled this orange bafoon long before he got there.
Bloody snowflake Trump, always whining about other small countries bullying US, someone need to slap the wokism out of him.
Is a bafoon a cross between a baboon and a buffoon?
Fuck his grandparents for being fertile.
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Just think if his mom would have just swallowed that night how many lives might have been saved.
The better half of him ran down his mommas leg.
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“Back off or I shoot myself in the other foot!”
It’s got some real “Black Knight” energy to be sure.
My understanding is that Trump has no fucks to give, is reveling in the chaos, and that nothing short of dethronement will stop him. So ya’know, we’re fucked.
It is just a way to rise taxes without explicitly rise taxes. And a dump n pump scheme, like crash the market, buy some cheap bags, after buying announce that some countries behave, stocks rebound, profit
He’s 80 years old. He has no horse in the race anyway. His legacy is going to be a urine-soaked grave they’ll eventually have to relocate to an undisclosed location where people can’t piss on it.
His dad lived into his 90’s. I don’t think his dad snorted enough blow though to break his anus.
I did not know it was possible to snort enough blow to break your anus
I just used anus instead of ass but prolonged use can cause all kinds of problems with the intestines and bowels sometimes resulting in the need for a colostomy bag. Which trump has. All of these shrubs have drug problems.
Due to flooding
In a few years time America has the chance to put Ding Dong the Witch is Dead back on the charts
Hopefully people can still burn down mar a lago
Liz Truss did less damage than this and we had her in the stocks in Trafalgar Square in under a week.
Do it! just do it! and you will see how China will block all minerals to US this time! He has nothing on the table, thats why he is playing tariffs and its only card IMO.
Nero watching it burn
Don’t hold out any hope that magats will wake up, they’ve already been programmed to rationalize it and are suckling boots like good little followers
China and the USA ruining each other. I’m going to need more popcorn.
China is getting economically hit in the short term, but the amount of soft power they were gifted by this administation is something they have dreamed for decades upon decades.
And it’s knly getting hit in regards to US trade. They also trade a lot with other nations, Europeans also know their way to buying all the Teemu, Shein and Ali express slop.
Not just that. Try manufacturing anything without Chinese parts… They make everything switches, resistors, motors, just everything.
Apple will get fucked real hard, since pretty much all their iphones are manufactured in China
Yes, but they sell them worldwide. So, if they move manufacturing, then they have the same problem in reverse. If they have multiple manufacturing bases worldwide, not only are they less efficient as the companies/cointries aren’t competing on price, but they lose efficiency of scale. So even if they did what trump purports to want, it’s less efficient, and inflationary.
On the flip side, the fact that many expect he’ll eventually capitulate when there is enough pressure, or it will end in 4 years, means nobody, including Apple is going to invest in American factories. It’s just a risk with minimal benefit. So lose/lose. He’s an imbecile.
Nah, US is suicide bombing its economy in the vicinity of China. Still popcorn-worthy.
China will be fine
I bet Trump didn’t have many playmates as a child.
I fucking hate magats so fucking much
So I guess it’s another precipitous drop on the stock market when it opens again.
At this point I’d just call him PINO.
