The president just keeps introducing more chaos.
Archived version: https://archive.is/newest/https://gizmodo.com/trump-threatens-104-tariffs-on-china-as-the-mad-king-plays-chicken-with-the-global-economy-2000585944
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
At some point tarrifs tariffs won’t matter anymore because at that tariff height the goods could just as well not be available at all.
Yep, we are watching the active teardown of the global trade infrastructure that has been built over the past 5 decades.
That international trade has been the single largest deterrent to international warfare. Neighbors who actively trade are far less likely to go to war with each other. Powerful nations have an interest in exploiting less powerful nations economically rather than conquer them militarily - it’s cheaper, and you can extract value from the exploited nation over an extended period rather than gain some short-term value while destroying the source of that value. The exploited nations benefit by not being attacked, and may have more flexible options for improving their position economically (i.e. Japan in the electronics market in the 1980s).
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
Except in places I’ve worked where this happened the new boss was on probation and could more easily be let go for poor performance. We tried something like that with tRump with two impeachments.
There’s no such thing as a recall election for the president, at least not for 4-years. And that’s a long time from now. Took only 80 days to get here from inauguration. We, and the global markets, will never recover if they leave it to us to fix it. Rest of the world can go on without us.
China will suffer from reduced sales. The rest of the world except the US will reap the benefits of this.
lol no, American will still buy China goods and pay the higher tax (tariff which is basically GST/VAT) rate to Trump due to lack of alternatives. In fact sales are going up because people are stockpiling. Even other countries like Skorea, Samsung made record sales in US due to tariffs announcement.
One r two fs in tariff
Since we’re apparently going to have to be spelling it all the time now.
Ah, yes.
I’d rather like to forget about it all until I can do more than just avoid American products
Can’t wait for the next year when he screams in the corner about other countries being mean to the US, so he is forced to do military incursion into the Greenland.
Fuck everyone who voted for this, btw. But also fuck every single motherfucker who enabled this orange bafoon long before he got there.
Just think if his mom would have just swallowed that night how many lives might have been saved.
“Back off or I shoot myself in the other foot!”
My understanding is that Trump has no fucks to give, is reveling in the chaos, and that nothing short of dethronement will stop him. So ya’know, we’re fucked.
He’s 80 years old. He has no horse in the race anyway. His legacy is going to be a urine-soaked grave they’ll eventually have to relocate to an undisclosed location where people can’t piss on it.
His dad lived into his 90’s. I don’t think his dad snorted enough blow though to break his anus.
Liz Truss did less damage than this and we had her in the stocks in Trafalgar Square in under a week.