2d ago

Live updates: Trump announces sweeping tariffs

Trump's tariffs send shivers across world markets as economists warn of recession risk

cross-posted from: https://lemmy.ca/post/41675354

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%

World News @lemmy.world

RandAlThor @lemmy.ca

2d ago

Live updates: Trump announces sweeping tariffs

apnews.com /live/donald-trump-news-updates-4-2-2025

39 comments

Man this dude really hates America.
I've never seen anyone causing that country so much harm in so little time. It's that he and his cronies are incompetent as fuck or they would have done it even faster.
- They had four years to prepare, then got handed the country on a silver platter
  
  More than 4 years
- It makes sense if your Russia.
  
  Or if ruthless native oligarchs were trying a power grab to control the country for the next generation.

Ok so...
SHEIN and TEMU are done, as in, just over, for Americans, and possibly just in general.
Their business models basically no longer work.
Almost 50% on Vietnam and Cambodia?
Ok, thats at least an instant 50% price hike on... most clothes Americans buy?
Fucking....computer hardware?
Jesus Christ, throw another 30% on already bonkers GPU prices.
Cars? Beyond fucked.
Components very often get shipped to one country, partially assembled, cross the border, get assembled more, do that again a few times before final assembly... oh right, and they all are massively computerized now.
Yeeep. Great Depression 2.0 here we come, certainly for America, and probably to a lesser extent for the rest of the world as the US can no longer consume imports... and we will almost certainly have a massive financial collapse, which will almost certainly to at least some extent fuck over finances everywhere else.
Every less developed country that just has its currency pegged to the USD is now fucked and will be in chaos as they figure out how to respond to this.

Inflation just went up AT LEAST 10% I bet you.
- 10% minimum.

Idiot fuck will make everything more expensive. This isn't short term pain like they will bullshit you, it's going to be this way for 3.5 years.
- Lol 3.5 years! The damage done in just these three months would take decades to fix. I think it's very likely that America will never recover from four years of Trump.
  
  If the American Experiment produces a President Trump, can we now conclusively say that it was a failure?
  
  Not even 3, barely into April...
  If anyone isn't a neurotic wreck after a couple years of this they where probably not fit for polite society to begin with.

I wonder if the alienation of the rest of the world from the US by Trump, especially with these tariffs, was a Putin idea. Make Russia’s enemies turn against one another so they won’t band together. Pull their economies apart so that the EU won’t have armies and defense mechanisms at hand, and so that the US, Mexico, and Canada are no longer trusting each other, and so on. If all the countries don’t trust one another, they are fractured and weak, unable to stand up to Russia’s invasions.
- Divide et impera has been a thing for a long long time.
- If Americans had a concept of the world beyond their borders they'd realise that.
  Although, even if they did look at a world map once. they would still fall for the whole "American Imperialism propaganda" that gets parroted here on Lemmy.
  
  If Americans had a concept of the world beyond their ~~borders~~ front lawn they'd realise that.

1920's 2: electric boogaloo. Good luck everyone. Wish it didn't have to be this way. Do what you can to prepare your families and your communities, because this is going to hurt.
If we get the chance in the 1930s, let's make sure we pull an FDR and not a Hitler, please?
- The collapse is going to be the democrats fault so we 100% are getting hitler.
  Edit: people aren't going to blame the Democrats? What timeline are you all on?
  
  Trump dismantles regulatory agencies and enacts tariffs on a level we haven't seen since Coolidge and Hoover caused the Great Depression
  The collapse is going to be the democrats fault
  Keep on keepin' on my friend
  
  I am assuming this is satire and everyone missed that?
  
  Buddy this here is the collapse - you are in it right now.

great depression speedrun any% world record

Trump cultists are trying to spin his insane actions as good and tough love. There really is no bottom floor Trump can hit, even when it comes to making their lives and everyone else's collectively worse.

I loved the part where he blames the former Presidents. Bro, you are one.

somebody for the love of god please LM this fuck
- They tried. Twice. Before the election. One was even a Ukraine trained sniper - which strangely doesn't get covered as much as the "got kicked out of the gun club" shooter.
- that won't actually fix the problem as then we'd have a less known moron that is spoon fed by the rich in charge with nothing for anything for experience. Just a rich asshole.
  therell still be a shit ton of racist turds in this nation. Just waiting to galvanize behind their next Jesus.
  
  Ironically what might best work could be to invite centrists from Reddit over to Lemmy, thereby exposing them to fresh POVs.
  However, take one glance at the Local feed on Lemmy.ml (which those without an account will see, as Local is the default and that is the #1 hit by a Google search) and you will see why that will never happen. Or even just this thread here on lemmy.world. Mainstream normal people are not welcomed here.
  I'm not even saying that we shouldn't be a leftist echo chamber - sounds weird to say about lemmy.world I know, but in comparison to Reddit it undoubtedly is just that - bc there is value in that too, but they would need SOME place to feel welcomed, and it's obviously not here.
  Hence they will remain there, on Reddit, where they feel safe and valued. We know this, yet doing something about it is another matter altogether.

Well. This will be interesting. It will suck even more but still, interesting.
- I’m curious to see what the UK will come back at the US with. I bet the Baby in Chief will throw a tantrum and tell them they can’t do that.
  
  He'll cut Facebook and Google's UK tax bill.

Well, there are about to be an assload of layoffs at work. No one will be buying anything.

I sold my DJT put way too soon. The entire market is tanking thanks to the world’s best business man.
- Get tsla puts, people will get angry and want to hurt the real President.

The Fantascist is a complete buffoon. Remember when the world used to laugh at George Bush and the silly shit he said? Bush seems like a genius compared to old shitty pants.

This American moron and his band of court jesters placed tariffs on Heard Island and McDonald Islands, it has a population of 0.

39 comments