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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[–] TommySoda@lemmy.world 27 points 4 days ago

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

[–] deegeese@sopuli.xyz 26 points 4 days ago (2 children)

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

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[–] sudoer777@lemmy.ml 15 points 3 days ago* (last edited 3 days ago) (6 children)

"The corporations own the government" made sense for a while, but Trump has done enough to hurt said corporations lately that I'm actually starting to question that idea (it's definitely true for the majority of Democrats though). The only real reason I can think of where it would make sense to do stuff like this is to cause a crisis making it easier to abuse power later on.

[–] Treczoks@lemmy.world 15 points 3 days ago (4 children)

The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

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[–] Rakonat@lemmy.world 14 points 3 days ago

Russian asset undermining American interests and alliances. Can't imagine why.

[–] resetbypeer@lemmy.world 24 points 4 days ago (2 children)

The guy is really playing economic Russian roulette. This can consequently go terrible wrong for the US.

[–] Lemmyoutofhere@lemmy.ca 21 points 4 days ago* (last edited 4 days ago)

Like playing ruzzian roulette with a full clip.

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[–] CircaV@lemmy.ca 22 points 4 days ago (1 children)

As a 🇨🇦 my boycott will last a lifetime.

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[–] newthrowaway20@lemmy.world 20 points 4 days ago (1 children)

Lol, the bitch waited till the markets closed to announce it.

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[–] MehBlah@lemmy.world 9 points 3 days ago (2 children)

If the goal is destruction then trump is doing a good job of that.

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[–] ALoafOfBread@lemmy.ml 14 points 3 days ago

Oh boy. It's stagflation time

[–] cosmicrookie@lemmy.world 18 points 4 days ago

This is going to be a bloody mess to witness from the outside. The US are shooting their own foot again and again with a bazooka and it is going to hurt the majority of its population

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