this post was submitted on 03 Apr 2025
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ok, then...
i have a huge trade deficit with walmart.
i buy way more from them than they do from me ($1200-1500 a year vs $0); just like the u.s. buys more from many countries than those countries buy from the u.s.
like the leaky diaper's new ~~tariffs~~import tax, i should charge myself a ridiculously high extra tax on purchases from walmart until they buy $1200-1500 a year of some mythical product from me to even out the 'unfair' imbalance?
yea. that'll work.
I think Trump doesn’t want to trade at all. He wants us to produce everything we need.
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the "logic" is pretty much as you described it. Only, after charging yourself with the extra tax on Walmart purchases, you obviously can't afford Walmart any longer, so you learn to make your own soap with ash and the fats of animals that you have started breeding in your own flat.
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Thank you! Neither the BBC nor the Flemish public tv seem to say this yet (they just repeat the statement Trump gave)
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I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.
I recently read an article that suggested the best retaliation would be to stop enforcing US intellectual property in the EU. One of the biggest exports they have is media, if we would stop enforcing their copyright it would cost them a lot of money.
You don't even have to go that far. Just adopt sane copyright laws, like copyright only lasting the life of the artist.
Thats still too long imo. Patents are 20 years, so should every IP protection.
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Yes that would be amazing and a great stimulant for EU companies to start developing a competing platform of it's own (we have BeReal, Dailymotion, Medal and Dumpert, but they aren't very big AFAIK)
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Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.”
I'm sorry TERF island, that's not gonna keep Trump from stabbing you in the back too.
It's heartbreaking, really.
The UK is like a kid who just got his face covered in mud by bullies, and goes "aren't my friends wonderful for playing with me?".
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If I was Prime Minister, I'd impose a retaliatory tariff of 9000% just because it's all just this stupid.
Call it the Goku tariffs, but drag it out over an hour or two with a lot of screaming.
Call a press conference, build up to announcing the 9000% tariff but then end the conference promising to come back next week and make the announcement.
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- Order tariffs
- Make everything more expensive for everyone everywhere
- Piss off the entire world and invite countermeasures
- ??????????????
- MAGA
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Have we forgotten that he has done this each month since he was Inaugurated?
Today the stock market will crash on this news. The wealthy will buy on this massive dip, and in a few days, HitlerPig will announce that the countries on his list have responded to his tariff threats, so he is postponing them for a month or so.
The stock market will recover a bit, and the wealthy will make a fortune. In a month, he'll do it all over again.
It's deliberate market manipulation.
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Putting tariffs on Norfolk Island and Heard and McDonald Islands are particularly funny considering Heard and McDonald Islands only has penguins living there lol.
Those penguins are trying to rip off America! It's about time they pay their fair share
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Yo this motherfucker put tariffs on Antarctica?!!~~Heard Island.jpg~~
Oops, wrong one. Still close.
also a 10% tariff on the joint US military base at Diego Garcia …
Lmao wat.
I’d ask if you’re serious, but I’m also sure you are.
Honestly, I was expecting this administration to be mind-numbingly stupid, but somehow they keep finding ways to surpass my expectations on that front on a daily basis. I’d be impressed if it wasn’t so catastrophic.
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"No basis in logic"
No shit, this whole administration has no basis in logic. Just look at Project 2025 and the progress they've made on it in a little over 2 months.
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and the price of bitcoin dropped 4.4%.
I cannot express how much I hate that this appears in a serious economic article.
You don't like hearing about made up currency with no backing that's primarily used for pump and dump schemes and money laundering?
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They’re AI generated tariffs. He asked Grok and these are the numbers it spat out.
He's imposing tariffs on uninhabited islands... what a fucking moron...
There are penguins! 🐧
McDonald's fucked up his order recently which is why their island received tariffs.
He's going to get free hamberders for life when they cave.
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All the goods that Trump excempts from tarrifs is tipping his hand. If I were one of these countries like Taiwan where semiconductors are exempted, I would apply an export duty equal to the tarrif on other goods. If you want to tarrif me fine but you're going to have to commit.
Trump's government has made the US a village idiot - and if the idiot gets into a fight with the whole village, the idiot will have more bruises.
Why he does that - I don't pretend to understand.
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What about Israel? Aren't they sucking you dry? Perhaps add some tariffs there?
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No basis in logic if he were actually trying to do what he says he is. He's not. They make perfect sense if the goal is to destabilize the country. We elected a fucking Manchurian candidate twice, and the in-between term was spent on a bunch of business as usual and not setting up protections in case it happened again. This country is fucking done.
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There is simple logic in it. Punish everyone, and then let them come to you asking for exemptions. Then he can demand things in exchange. After that it's "Pray I don't alter the deal any further."
UK already asked for an exemption and he said they should buy chlorinated chicken first. If every country responds in the same way and gives in he's making bank. If they respond with a boycott on anything American, especially digital services, things get bad.
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Dead horse economics:
Wake up you lazy horse!
No basis in logic is a nice summary of the Trump administration in general.
Norfolk Island was baffled by a 29% duty despite having no exports.
Ahahaha. For a day, I want to be inside his head and see the world through his eyes. It would be the most valuable insight for humanity... If only to learn exactly what not to do.
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You know what's fun? Cancelling stuff and citing the reason as 'tariff-related inflation'. It's too new and there is no response script yet, so customer service doesn't really argue.
Of course there is logic, but not the logic most politicians want to admit. This is simply:
"Nice global economy. It would be a shame if something happened to it. Maybe we can come to an understanding, and this whole tariff thing goes away. You do want free trade, don't you?"
Someone asked chatGPT how to apply tariffs to give America an equal playing field and it spit it a formula that looks shockingly similar to how trump calculated the tariffs
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So, now $1 per banana is now real, wow. A complete bunch on my country costs that... We are banana exporters we are the banana republic...
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