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%

  • Buffalox@lemmy.worldEnglish
    2282·
    11 days ago

    “our country has been looted, pillaged, raped, plundered”

    by other nations selling their goods to us cheaply, and by them accepting our Dollars that cost us nothing to make for it!!

    I don’t think Trump understands the benefits and privileges for USA of having the top international reserve currency.
    But maybe if he ruins it quick enough, he may find out?

    Play stupid games and win stupid prices.

    • barneypiccolo@lemm.eeEnglish
      19·
      11 days ago

      One of my main rules of life is that people are most suspicious of the behavior they are most likely to perform. Cheaters think they’re being cheated on, thieves think everybody is stealing from them. If HitlerPig thinks everyone else is looting, pillaging, raping, and plundering, its because that what he does.

    • Wanpieserino@lemm.eeEnglish
      2·
      11 days ago

      Buying from other economies does two things. One, you have access to their expertise/efficiency.

      Not everyone will have invested in the same industry.

      Will miss out on cheap labour. Cheap resources.

      Don’t be dumb though, selling us USD for our products isn’t just “printing paper”. We use those USD (mostly we sell the debt to china) to buy USA companies. It’s capitalism after all.