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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[–] flamingo_pinyata@sopuli.xyz 329 points 3 days ago (6 children)

Is he using a random number generator?

[–] Quill7513@slrpnk.net 98 points 3 days ago (1 children)
[–] Gigasser@lemmy.world 3 points 2 days ago* (last edited 2 days ago)

Imma just post this video here: https://youtu.be/5RpPTRcz1no

What the current administration is doing tracks with this video fairly accurately. Basically, "Network States" are what they want. It's basically what exists in Honduras right now in the form of "Prospera, which is a network state that operates in that country.

[–] 467265654C75696769@sh.itjust.works 64 points 2 days ago* (last edited 2 days ago) (1 children)

The following quote from ChrisO_wiki on bsky

"@chriso-wiki.bsky.social Just figured out where these fake tariff rates come from. They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us." Just about sums it up.

[–] CaptainPedantic@lemmy.world 56 points 3 days ago (1 children)

No, it's half the tariff those countries place on American goods. Or so he claims. I have no idea where those numbers come from.

[–] warm@kbin.earth 111 points 3 days ago (1 children)

He doesn't understand what VAT is.

[–] CaptainPedantic@lemmy.world 106 points 3 days ago (3 children)

He doesn't understand anything. Here's what he said about income taxes and tariffs today.

They established the income tax so that citizens, rather than foreign countries, would start paying the money necessary to run our government

[–] aesthelete@lemmy.world 64 points 2 days ago (3 children)

That's one of the stupidest things I've ever read.

[–] Ledericas@lemm.ee 7 points 2 days ago (1 children)

by the way that was his first presidency too, he did the same thing.

[–] DarkDarkHouse 4 points 2 days ago

And, for wrecking their business, had to bail the farmers out with the tariff money lol

That’s probably why you’re not the president.

[–] catloaf@lemm.ee 24 points 3 days ago

It's probably like his net worth, where "it goes up and down with the markets and with attitudes and with feelings", "even my own feelings, as to where the world is, where the world is going, and that can change rapidly from day to day".

https://money.cnn.com/2011/04/21/news/companies/donald_trump/index.htm

[–] takeda@lemm.ee 1 points 2 days ago

Apparently ChatGPT.

[–] KingGordon@lemmy.world 5 points 3 days ago

Like he would even know what that is.