this post was submitted on 02 Apr 2025
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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%

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[–] brucethemoose@lemmy.world 33 points 1 week ago (4 children)

This gold from wallstreetbets:

Soooo is the tariffs charged to the United States really a ratio of the trade imbalance?? For example Vietnam imported roughly 14.6 billion in goods from the United States, and we imported around 146 billion, so thus they have decided tariffs are 90% to the United States…thus we are putting a tariff on them of half of that…which means we are literally tariffing the goods we either a)need more or b) get more efficiently at a higher rate? That may be the absolute dumbest way to create a tariff policy I could imagine if that is the case…which it looks to be.

https://old.reddit.com/r/wallstreetbets/comments/1jpzhje/tariff_chart_released/ml476s7/

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[–] FortyTwo@lemmy.world 32 points 1 week ago

Me, checking what the damage is: oh good, my European defence stocks went up 2 to 4 percent today while the American stocks are tanking, happy days!

Me, after thinking on it a bit longer: oh God, my European defence stocks went up while the world economy is taking a hit, better get ready for whatever's coming

[–] warm@kbin.earth 31 points 1 week ago

How to isolate your country:

[–] psycho_driver@lemmy.world 31 points 1 week ago* (last edited 1 week ago) (2 children)

Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.

[–] skisnow@lemmy.ca 20 points 1 week ago* (last edited 1 week ago) (2 children)

The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.

It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.

Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because "fuck you, give me more".

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[–] Gates9@sh.itjust.works 31 points 1 week ago
[–] Madbrad200@sh.itjust.works 30 points 1 week ago (3 children)

Whelp, guess I'm joining the Boycott US movement

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[–] superglue@lemmy.dbzer0.com 30 points 1 week ago (5 children)

Been browsing the conservative subreddit this morning just to see what they all are thinking. There is a surprising number of "This is a terrible idea" comments but its also funny seeing a whole bunch of republicans who now suddenly like higher taxes, inflation and stock crashes.

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[–] ragepaw@lemmy.ca 30 points 1 week ago

Stop calling them reciprocal.

[–] orcrist@lemm.ee 27 points 1 week ago (1 children)

I don't think these are reciprocal. I think these are unilateral, and when countries respond, their tariffs will be reciprocal. The distinction is very important. This is a problem created by Trump, not by other countries. You don't get to choose false language to describe it that shifts the blame.

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[–] BigMikeInAustin@lemmy.world 27 points 1 week ago (1 children)

Did he wait until late afternoon Apr 2nd?

He failed to do it "the day l'm elected."

He failed to do it the day he was sworn in.

He failed to do it, like 5 times from Jan - Mar.

He failed to do it Apr 1.

He failed to do business during business hours Apr 2nd.

This little baby just keeps failing and hiding.

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[–] Buelldozer@lemmy.today 26 points 1 week ago (4 children)

Smells like Smoot-Hawley up in this bitch.

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[–] deegeese@sopuli.xyz 24 points 1 week ago (2 children)

Tarrifs are a Trump Tax on ordinary Americans so they can give tax breaks to billionaires.

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[–] TommySoda@lemmy.world 24 points 1 week ago

Bro just crashed the market with a printed out excel sheet.

[–] AbsoluteChicagoDog@lemm.ee 23 points 1 week ago (16 children)

Curious that Russia is missing

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[–] selkiesidhe@lemm.ee 22 points 1 week ago

Putin's bitch trying to further destabilize the world for daddy.

[–] resetbypeer@lemmy.world 22 points 1 week ago (2 children)

The guy is really playing economic Russian roulette. This can consequently go terrible wrong for the US.

[–] Lemmyoutofhere@lemmy.ca 19 points 1 week ago* (last edited 1 week ago)

Like playing ruzzian roulette with a full clip.

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[–] CircaV@lemmy.ca 21 points 1 week ago (1 children)

As a 🇨🇦 my boycott will last a lifetime.

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[–] crystalmerchant@lemmy.world 21 points 1 week ago (2 children)
[–] mlg@lemmy.world 21 points 1 week ago* (last edited 1 week ago) (3 children)

I don't know what the actual reasoning is but the 49/46% on Cambodia and Vietnam sounds an awful lot like how we still embargo Cuba like decades after failing to overthrow Castro.

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[–] elatedCatfish@lemm.ee 20 points 1 week ago* (last edited 1 week ago) (2 children)

Trump clearly has some feelings about Vietnam. He used his “bone spurs” excuse to avoid being sent over there back in the day. Lmao

What a pussy

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[–] newthrowaway20@lemmy.world 18 points 1 week ago (1 children)

Lol, the bitch waited till the markets closed to announce it.

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[–] cosmicrookie@lemmy.world 17 points 1 week ago

This is going to be a bloody mess to witness from the outside. The US are shooting their own foot again and again with a bazooka and it is going to hurt the majority of its population

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