Who the fuck fights a trade war against Cambodia? I was a South East Asia equity analyst for five years, and off the top of my head, I cannot name a single thing that they export.
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Pol Pots?
Note that the fool didn't impose tariffs on Russia and Belarus!
Excuse me, I have to budget for the future now.... A round figure of approximately 30% more for everything ought to do? No?
Apparently we do. They export 8.9 billion dollars of stuff to us according to the international trade commission. I'd say stuff that Pier One Imports sold at an outrageous markup once upon a time. Unfortunately for Cambodia, those purchases might be gone if we don't even have enough money for food.
He also placed tariffs on uninhabitable islands in the Indian Ocean and near Antarctica. Maybe polar bears and penguins are exporting seal musk. LOL WTF
Trump Playbook:
Get leverage, make them pay
Media: Access restrictions/Lawfare
Legal: EO's/DOJ targeting specific law firms
Business: Global Tariffs
Congress: PrimaryThreats
Let's call this what it is: Extortion at Global Scale
I have stopped making sense of this stupid/idiocracy MAGA Republicans control of our govt. I mean JFC their cult leader likely think it's okay to force the penguins to pay the tariffs tax on an inhabitant island. MAGA stupidity has no boundaries and unfortunately will hurt lots of Americans. Resist.
Perhaps they export more than the Heard and McDonald Islands? Sorry couldn’t resist. I was in Phnom Phen last year….some of the nicest people in the world.
Just a follow up to say I've seen figures of $10bn a year in garment imports from Cambodia to the US, which sounds like a lot but it's not.
A worker gets paid $200/month and makes hundreds of garments a day. Let's say 5% is value added in Cambodia, we're looking at $500mm for the whole industry.
Oh thanks! I guess it was the exports to Russia they were talking about. I think it was @realjakebroe.bsky.social I heard the half billion number from.
Cambodia's exports include:
Trunks and cases
Cassava
Garments and textiles (dominating around 70% of total exports)
Footwear
Rice
Electrical equipment and parts
Delivery tricycles
Rubber
Precious stones
Fish and seafood
Neither do a few other places he claimed retribution tariffs on...
Including a few with NO HUMAN INHABITANTS.
Grampa Stinky is off his meds, and he's trying to drag the world down to Russia economy standards.
Comments
Note that the fool didn't impose tariffs on Russia and Belarus!
Excuse me, I have to budget for the future now.... A round figure of approximately 30% more for everything ought to do? No?
Jesus Fucking Christ.
Remember that the Republicans did this to us. Our society will never be the same.
The Republicans are the enemy. Period.
Get leverage, make them pay
Media: Access restrictions/Lawfare
Legal: EO's/DOJ targeting specific law firms
Business: Global Tariffs
Congress: PrimaryThreats
Let's call this what it is: Extortion at Global Scale
This is not a trade war against countries...
How did Russia become the most favoured nation
It's ridiculous and mean.
A worker gets paid $200/month and makes hundreds of garments a day. Let's say 5% is value added in Cambodia, we're looking at $500mm for the whole industry.
Too soon?
Trunks and cases
Cassava
Garments and textiles (dominating around 70% of total exports)
Footwear
Rice
Electrical equipment and parts
Delivery tricycles
Rubber
Precious stones
Fish and seafood
Including a few with NO HUMAN INHABITANTS.
Grampa Stinky is off his meds, and he's trying to drag the world down to Russia economy standards.