- cross-posted to:
- usa@lemmy.ml
- cross-posted to:
- usa@lemmy.ml
Donald Trump just imposed a 25 percent tariff on virtually all goods produced by America’s two largest trading partners — Canada and Mexico. He simultaneously established a 20 percent across-the-board tariff on Chinese goods.
As a result, America’s average tariff level is now higher than at any time since the 1940s.
Meanwhile, China and Canada immediately retaliated against Trump’s duties, with the former imposing a 15 percent tariff on American agricultural products and the latter putting a 25 percent tariff on $30 billion of US goods. Mexico has vowed to mount retaliatory tariffs of its own.
This trade war could have far-reaching consequences. Trump’s tariffs have already triggered a stock market sell-off and cooling of manufacturing activity. And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year, as the prices of myriad goods rise.
All this raises the question: Why has the US president chosen to upend trade relations on the North American continent? The stakes of this question are high, since it could determine how long Trump’s massive tariffs remain in effect. Unfortunately, the president himself does not seem to know the answer.
In recent weeks, Trump has provided five different — and contradictory — justifications for his tariffs on Mexico and Canada…
…more in the article.
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He is a Russian asset and has been since at least 2014
He has to be. I can’t think of any other reason why he’d be trying to hard to antagonize and disrespect long-time allies, while praising Russia. He then made that ridiculous statement that Ukraine started the war, when Russia was the one who invaded them, and also said that Zelensky should be ‘nicer’ to Putin. But Putin, who ordered the attack that caused who knows how many deaths, shouldn’t be ‘nicer’?
There was also the first term, where Trump fired the FBI director over an investigation into Russia, and then told Russia that he fired ‘that nut job’. What kind of message does that send to their own people? Not just that he fired the director, but that he bragged about it to the people he was investigating.
I honestly think most of the GOP knows, but they’re too embarrassed to admit it. Or maybe it’s just pride, they think it’s beneath them to be held accountable to anyone.
…or they’re on the take as well.
Apparently It’s supposed to get rid of the browns and the gays and the women and everyone else until it’s just a bunch of old white men sitting around, counting money, and masturbating to AI porn? Kind of like a hateful gross version of Scrooge McDuck.
It seems to be working, I signed my ticket out of here. I’m a brown and queer woman. Just need to survive until immigration goes through.
Godspeed friend, hope this place will be worthy of you again someday
If you don’t mind, how are you pulling it off? Just trying to get ideas too.
Work transfer through my day job. I will note I’m taking a 50% pay cut for this, but the mental security and new friends will be worth it
Scrooge McDuck was also pretty awful. They had to invent a nemesis for him, Flintheart Glumgold, just to make him not seem so bad by comparison.
Donald is in indentured servitude after all. Gnarly man.
Spooge McFuck
And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year
Remember this, when you hear about tax cuts for the wealthy.
Funny, isn’t that the exact amount of the stimulus checks he handed out during his first presidency?
off topic, but what does your signature mean? can you really copyright your comments? I’ve never seen this before
It’s the equivalent of those Facebook posts you see telling Zuck that you don’t consent to your data being stored and sold.
That is… less than I’d have guessed.
Cuz he is a puppet, a Russian asset and generally not an intelligent person nor a good businessman.
Just my opinion as a layman: the tariffs give his corporate backers all the excuse they need to jack up prices even higher.
Tariffs allow Trump to pay for his tax cuts to the ultra wealthy by stealing from the working class, without them knowing. He also gets to position himself as a strongman and negotiator. There you go.
Putin said: “go forth and break shit” and here we are.
yup. it’s successfully costing america its allies.
It’s not inappropriate though. I’ve been saying for years Canada should not be so closely allied with such a fickle country.
All this raises the question: Why has the US president chosen to upend trade relations on the North American continent?
It’s because the trade agreement trump’s unhappy with was made by a raging moron.
Hope that’s sarcasm because the USMCA was signed and implemented by Trump
OP made a factual statement.
Hahah agreed
