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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[–] [email protected] 7 points 1 day ago* (last edited 1 day ago) (1 children)

Putting on my best swiss cheese brain, maybe they are treating it 'like a business' and trying to do debt to income ratio? So our deficit is the debt then they look at tariffs on the imported goods as the income.

Do you know if this holds for other countries too?

[–] [email protected] 5 points 1 day ago (2 children)

I honestly have no idea, maybe? Deficit isn't really debt though, it just means you bought more than you sold. The US isn't in debt to Cambodia any more than you're in debt with McDonald's. They just have a one way buy/sell relationship.

[–] [email protected] 3 points 1 day ago

That's a really good explanation, there's no realistic way to make your money back from McDonald's

[–] [email protected] 2 points 23 hours ago

Absolutely, but if one has no idea what they are talking about, they might massive brain worms about the US debt and it being caused by our budget deficit. Then they look at all these other countries and learn about the 'deficit' we have with them and that's the same word, same thing, ezpz. Now you simple get a solid 50% debt to income ratio by dividing the two and cutting it in half, check mate economists.