Trump's tariffs send shivers across world markets as economists warn of recession risk
apnews.com
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

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%

  • wirebeads@lemmy.caEnglish
    50·
    2 months ago

    Trump: Meta will invest $500 billion.

    Truth: Meta will invest around $60 billion.

    Thats a gross mis representation of what’s factually correct in monetary terms.

    This fucking asshat is going to sink the American economy. No major company is going to do this. Why would TSMC spend “$500 billion” to build a factory?

    Them just paying the tariff would be less than building a new factory. They just need to survive trumps term and frankly, when the U.S. can’t get chips at an affordable price from Taiwan, those tariffs will fall away like a pillar f sand during high tide.

    Absolutely dumbest fucking turd on the planet.

      • andyquestEnglish
        13·
        2 months ago

        Well they’ll also be paying it in reduced revenue lmao everyone loses

        • Zentron@lemm.eeEnglish
          71·
          2 months ago

          Lol no , if anyone thinks that its the best indicator that they dont know first thing about corpos … theyll just jack the end price

          • andyquestEnglish
            3·
            2 months ago

            Yes, but when things are expensive people buy them less and corporations make less money

      • wagesj45@fedia.io
        1·
        2 months ago

        I think he was just making a point about how outsized the price of the factory was. Like even if they had to pay the tariffs, it wouldn’t be worth it to build a factory, so it’s double stupid of Trump to do this.

    • lydon_feen@lemm.eeEnglish
      16·
      2 months ago

      I wish TSMC would open a factory in Europe.

      Not only would it be very advantageous for the EU, it would sting like hell for the US.