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] 18 points 1 week ago

This is going to be a bloody mess to witness from the outside. The US are shooting their own foot again and again with a bazooka and it is going to hurt the majority of its population

[–] [email protected] 16 points 1 week ago (4 children)

Surprised I don't see Brasil (sp?) on there not surprised I don't see Hungary Turkiye Russia or Israel on there.

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[–] [email protected] 15 points 1 week ago (2 children)

Well well well, we finally fell off the cliff, didn't we?

Starting a trade war with the entire world, easy to win, right?

If the entire world reciprocates, which they will, you will literally wish you had just a recession to worry about. I wonder how Trump's approval ratings will be about a month from now

[–] [email protected] 12 points 1 week ago (2 children)

Trump doesn't care about approval ratings. He has a "golden parachute" waiting for him and his buddies in Russia after he destroys America.

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[–] [email protected] 15 points 1 week ago* (last edited 1 week ago) (6 children)

"The corporations own the government" made sense for a while, but Trump has done enough to hurt said corporations lately that I'm actually starting to question that idea (it's definitely true for the majority of Democrats though). The only real reason I can think of where it would make sense to do stuff like this is to cause a crisis making it easier to abuse power later on.

[–] [email protected] 15 points 1 week ago (4 children)

The corporations thought they own the government. They bought Trump into the White House. They should have known that he is mad.

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[–] [email protected] 15 points 1 week ago

And our swiss right-wing populists thought Trump was better for the economy. 31% down their stupid throats

[–] [email protected] 14 points 1 week ago

China: 34%

Added note that this is cumulative so it's 54% total. Confirmed by Press secretary earlier.

[–] [email protected] 14 points 1 week ago

Russian asset undermining American interests and alliances. Can't imagine why.

[–] [email protected] 14 points 1 week ago (1 children)

Holy shit the post-market drops for SPY and QQQ are insane. I haven't seen a post/pre market move this sharp since Covid

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[–] [email protected] 14 points 1 week ago

Just saw a news item here in the Netherlands about a bourbon distillery in the US and the owner said that in the long term the tariffs will be good for his business. LOL these magats are delusional. I fucking hope he and his ilk become destitute. Sorry not sorry.

[–] [email protected] 14 points 1 week ago

Oh boy. It's stagflation time

[–] [email protected] 13 points 1 week ago

Like for brooms and shit?

[–] [email protected] 12 points 1 week ago

This is like watching the toughest guy in the prison who runs the biggest gang just start smashing his own head against the concrete floor

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