This will not pass muster with Wall Street. It’s insultingly stupid. A first year college economics class could do a term project on tariffs and make this look like a preschool intro to crayons class. But this is real life. Paging Dr. Frankenstein.
Nor do these countries have this un-quenching appetite for consumption. People in those countries buy one thing and use it till it breaks down. And when it does, you know what they do? They fix it and continue using it!
Then Russia not only should be on the list (which it's NOT) but at 83%, using the 2024 trade summary on https://census.gov, which is where the numbers in the screenshot clearly came from for Indonesia.
What would have happened if the trading partner bought exactly zero goods from us? That would make the denominator zero, which would cause the equation to divide by zero, Oops. Would they then set the tariff to infinity divided by 2? 🤣
Can someone explain this to me? According to the White House "Tariffs Charged To The U.S.A." by Taiwan is 64%. The new "U.S.A. Discounted Reciprocal Tarrifs" on Taiwan will now be 32%. I get that. What I don't know is what the REAL 2024 tariffs Taiwan charged us were and what we charged them were.
The problem is that the U.S. produces almost nothing worth importing. Apart from a few agricultural products and natural resources everything can be imported cheaper and often of higher quality from other countries. So the other countries will have to put tariffs on services to reciprocate.
Comments
https://bsky.app/profile/peter-b-c.bsky.social/post/3llumyowyxc2d
2024-???: Hold my evaporated hard seltzer…
GDP will... what's the best word? PLUMMET!
Quickest end to this would be if our (former?) trading partners just embargoed the US. Stop trading with us, period.
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An embargo would be a quick, sharp blow to the US economy that would force Trump to reverse course or force Congress to remove him.
Anything else in this "trade war" would just be incremental and long, slow death. Tear off the bandaid! Declare an embargo vs the US!
My fear is they’re going to do something as bad when they start trying to make up the work done by those fired Feds.
The DOGE dickhead know-it-alls are going to ruin us because they think AI is ready to run the country.
They’re morons.
Here's how they calculated the tariff rates.
Good grief
And if that country has a smaller population ?
e.g. Canada
They HAVE to pony up and buy an equal amount from the USA
Voodo Economics
So what's the real reason they're doing it?
Cause services and systems to fail so he can sell off the pieces - privatize.
Align with Russia and he doesn't need allies. No one is big enough to attack.
His remaining years will not be impacted due to all the fundraising and payoffs. His children inherit which washes the $.