None of the countries is going to back down. Because the all know the minute they do, the more shit Trump is going to pull. At this point it’s basically extortion.
Exactly. Trump is trying to pose as irrational chaos because he thinks people will back down because they’re rational, and that’s a disadvantage.
But he’s got it wrong - whether irrational or not, he’s an economic terrorist, any concession is just an invitation to repeat the behavior, and his schtick is obvious at this point. The rational response is to not negotiate with terrorists.
Yeah, I think the Nash equilibrium is to just stop negotiating with him.
There’s no upside to it. Nothing he says can be relied upon, and the playbook is obviously to make up some new problem or declare a fake emergency to violate agreements anyways.
His goals are foolish and wasteful and he’s throwing everything away to try and achieve them.
Trump 2026/2028: the US is under economic war from the entire world and this is a national emergency, we cannot have an election until they resume all normal trading with us and honor our tarrifs up the ass without any counter tarrifs.
Kinda looks like he wussed out to focus on China.
This wouldn’t be stupid if he hadn’t passed off the entire world and looked like a total moron first.
Did he wuss out, or did his billionaire donors get a call yesterday saying he was going to do this at 1pm eastern or whatever it was?
Edit: maybe it’s in a signal chat and we can get a journalist added lol
He tweeted it apparently.
But I do not doubt everybody in the white house and everyone in the know was making moves earlier.
If I put my tinfoil hat on that could be why the fall suddenly stopped on Monday and even China dumping bonds didn’t fuck up the markets today
Pretty sure you only need a tinfoil hat here if you think water isn’t wet.
They should just stop all exports to US for a month. They can absorb the hit. The US cannot.
So much winning
I think people are genuinely getting tired of it just like he predicted
At least the stupid fucks who voted for trump will starve.
My overweight, diabetic father-in-law says “live free or die!”
I wouldn’t personally have chosen death. It doesn’t accomplish anything.
“Free”
Hmm. Need bigger scare quotes.
Trunk literally wants to hit everyone and have then just take it. This tariff shit is his way of seeing who is gonna bow to him and kiss his ass
Why so little
They should make it (infinity + 1)%. Checkmate.
It’s over 9000%
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Doesn’t need to be more. Most of what China imports from the US is relatively easy to source from elsewhere. For example the biggest category of imports is fuel, and the third biggest category is plant based oils, grains, seeds, fruits, etc. The US doesn’t have a particular monopoly on those kinds of products. Last time this shit happened, China started sourcing all their soy bean imports from Brazil, for example. So China only has to make the US products uncompetitive in their market. And of course, China isn’t in a trade war with the entirety of the rest of the planet, so it’s a choice between an 84% tariff, or something in the region of no tariffs, so it doesn’t really take all that much to make the US product more expensive than any other option. If anything, these additional tariffs are largely performative; just at the 34% percent level they were at, most US producers were probably already completely shut out of Chinese markets just by cost differences alone.
The US, on the other hand, largely imports things that China is highly specialised at making. Electronics, injection molded plastics, that sort of thing. Stuff that you can’t just magically source from somewhere else, because even if another factory could make the product, they have to set up production runs, create specific tooling, run prototype batches, etc, etc. So even at a 100% markup, a lot of companies will have no choice but to continue to source those parts from China, especially since anywhere else they might have them built is probably also subject to an exorbitant tariff. The cost of importing from China isn’t actually 104%, it’s 104% minus the tariff one whatever other country you might get that part from. Trump’s deranged theory is that they’re going to choose between 104% vs 0% for making it in the US, but there simply aren’t any production facilities in the US that are set up to make the stuff that China makes, so that choice doesn’t exist.
(in case you’re wondering about the second biggest category, since I obviously skipped it, it’s machinery, including engines, turbines, nuclear reactors, boilers, taps, valves, etc. That’s the sort of thing that’s harder to source elsewhere, but in the long run China is much better equipped to start producing it domestically because they at least have the kind of broad manufacturing base needed. It’ll hurt them, but not nearly as much as this stuff is hurting the US, and they can also issue specific exemptions if needed).
At some point trade will become impossible. They probably want some room to keep increasing the tariffs before that happens.
I need someone to translate: “Trump is a douche noozle” into MAGA nation speak.
Jesus Christ, 1 orange tupee wearing corrupt rapist racist is destroying the entire economy.
You’re right to some extent but make no mistake about it, he would not be able to do just about any of this without the complicity of a whole bunch of people over there in DC (and other states to a lesser extent). This is a concerted team effort.
I’m sorry but I think they fundamentally cannot understand this concept. You would have to start with “The great God-Emperor” with some pictures of AI Jesus holding his hand and I’m not sure where you go from there.
