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124

Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets (www.nbcnews.com)

submitted 6 months ago by throws_lemy@reddthat.com to c/news@lemmy.world

35 comments fedilink hide all child comments

President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets.

Trump also said he would start charging a 30% tariff on upholstered furniture next week.

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[–] chaosCruiser@futurology.today 34 points 6 months ago* (last edited 6 months ago) (2 children)

Future economists are going to love this time period. It's basically a goldmine for papers, articles and books about the effects tariffs have. Sure, we have that sort of history already, but this time it's very well documented. Current online economy has so many new numbers you can track. You should be able to look at the data and tell exactly what went wrong and how it was reflected on everything.

[–] manxu@piefed.social 18 points 6 months ago (1 children)

It's sort of like when we want to know something, but all experiments to find out would be highly unethical. So we wait for a madman or authoritarian regime to torture someone to find out the limits of human capability. Just with the economy instead.

Basically, in 2025 we are running a simulation to find out how much stress an economy can take before it collapses, and the goal is to actually get there.

[–] chaosCruiser@futurology.today 13 points 6 months ago* (last edited 6 months ago) (2 children)

Same goes for chemical safety. How do we know what the effects of mercury, lead or sulfur dioxide are on humans? Tragic things have happened in the past, and the survivors just documented the results.

[–] sharkfucker420@lemmy.ml 6 points 6 months ago (1 children)

Radiation is another great example of this

[–] chaosCruiser@futurology.today 3 points 6 months ago

That is true. The demon core comes to mind as an extreme example. Also, Hisashi Ouchi paid a horrendous price in 1999.

[–] sramder@lemmy.world 3 points 6 months ago (1 children)

Yeah, but you can’t Gauge everything that way…

Or bleach… we should have great information on the maximum amount of ordinary household bleach that a human being can drink at this point.

To google scholar mobile chum!

[–] chaosCruiser@futurology.today 3 points 6 months ago (1 children)

With observational incident reports you can only get a list of symptoms and a very rough range of exposure. If you want something more detailed than that, you need a proper LD50 study.

[–] sramder@lemmy.world 2 points 6 months ago (1 children)

That’s fair. Not being an actual sciencer, approximately how many anit-vaxers would I need to deliver? Like you can probably round to the nearest truckload or something like that.

I think I’m gonna go somewhere and find a new edge to lord over. Maybe even touch some grass… This is getting far too close to history :-(

[–] chaosCruiser@futurology.today 2 points 6 months ago* (last edited 6 months ago) (1 children)

A good rule of thumb in statistics is that a sample size of about 30 will give you some idea of the standard deviation. Anything less than that, and your analysis is on shaky ground. In logistics terms, all you need to get started is just one truck load of anti-vaxxers.

[–] sramder@lemmy.world 2 points 6 months ago (1 children)

I think that truckload should be the new standard unit for ~30 anit-vaxxers.

I propose the we call it T sub L as a challenge to the poor folks still trying to write Fediverse mobile clients ;-)

[–] chaosCruiser@futurology.today 2 points 6 months ago* (last edited 6 months ago) (1 children)

How about we just call it "The Standard Unit" and choose U its symbol. You know, just to mess around with all the other "units" we have for everything. I'm looking at you, Enzyme unit, in particular. Also, the "Astronomical Unit" was a pretty obnoxious name too, so points for that.

[–] sramder@lemmy.world 2 points 6 months ago

That one kills me… I couldn’t even get U400 or however it goes. My doctors all blew off their chemistry prerequisites so they couldn’t fathom another human being keeping track of different concentrations.

Pens designed so a literal blind person can work it out by shape :-(

Ah well… it just adds to my country’s rich history of nonsensical metrics.

[–] redsand@lemmy.dbzer0.com 5 points 6 months ago (1 children)

Separating the various fuck ups and disasters will be the hardest part.

[–] chaosCruiser@futurology.today 4 points 6 months ago (2 children)

Economics is a messy science where you’re constantly dealing with messy data. There are always several variables at play, and their countless interactions make interpretations super tricky. You can’t really make controlled double blind experiments to isolate the effect of a specific variable.

[–] fodor@lemmy.zip 3 points 6 months ago (1 children)

Science, you say... Fortune telling, perhaps?

[–] chaosCruiser@futurology.today 2 points 6 months ago* (last edited 6 months ago)

It’s still in its infancy. Give it a few centuries. Back in the 1400s physics was still full of opinions rather than theories backed up by empirical experiments. Economics hasn’t even figured out what the elementary particles or fundamental forces really are or how to measure them. That’s why all the models are pretty vague and qualitative at the moment.

[–] redsand@lemmy.dbzer0.com 2 points 6 months ago

Oh yes this is just extra messy. Like the federal reserve being robbed by several loosely cooperating gangs with differing goals.... During a riot caused by yet another group of gangs some of whom overlap.

A forensic nightmare within a clusterfuck.

[–] chemical_cutthroat@lemmy.world 31 points 6 months ago (2 children)

Wait! He's putting a tariff on upholstered furniture? Has anyone told the vice president, yet?

[–] Reverendender@sh.itjust.works 6 points 6 months ago

Probably not

[–] FenrirIII@lemmy.world 3 points 6 months ago

JD is going to be slumming it at Rooms 2 Go

[–] DougHolland@lemmy.world 26 points 6 months ago (2 children)

Whee, another round of tariff roulette!

Even a pinko like me understands that everchanging random rules ain't good for business.

[–] moseschrute@lemmy.world 12 points 6 months ago* (last edited 6 months ago)

1000% terrifs on Lemmy comments federated from other countries, because DougHolland made fun of me, Mr trump

[–] sramder@lemmy.world 3 points 6 months ago

Yeah, but if you sell all those businesses before they find out that they’re in trouble then it’s good for you? I don’t know much about business, but I’m fairly sure this is the way it works.

[–] AA5B@lemmy.world 23 points 6 months ago (1 children)

will impose a 100% tariff on imported branded drugs,

Finally! Haven’t we been saying for years now that prescriptions are too cheap, and we really should be paying a lot more?

[–] LifeInMultipleChoice@lemmy.world 1 points 6 months ago

Wonder if we'll see more or less Ozempic ads now.

[–] Reverendender@sh.itjust.works 16 points 6 months ago (1 children)

Ugghhhh. I guess I don’t wait on the Ikea cabinets I had budgeted for December then?

[–] And009@lemmynsfw.com 7 points 6 months ago

Tariffs say f**k budget. Go Taco!

[–] elucubra@sopuli.xyz 7 points 6 months ago (2 children)

Are there a lot of heavy trucks imported in the US? All I see from afar are those ancient looking Kenworths, Peterbuilts and the like.

[–] M4t1cc@lemmy.world 5 points 6 months ago

Freightliner, owned by Daimler AG holds almost a 40% market share. Volvo, while not as strong, is around 10%.

Majority of the US made truck brands have an exorbitantly high maintenance cost when compared to imported trucks.

[–] ikidd@lemmy.world 1 points 6 months ago

Western Star

[–] FenrirIII@lemmy.world 6 points 6 months ago (3 children)

Didn't the courts just rule this asshole had no power to establish tariffs?

[–] LifeInMultipleChoice@lemmy.world 4 points 6 months ago* (last edited 6 months ago)

Well see you have to remember this is a matter of national security. It is an emergency of such immediate necessity he couldn't ask Congress which both parts of are majority Republican, to just write it into law so it were done properly.

[–] Randomgal@lemmy.ca 4 points 6 months ago

Bro, the king is immune to the law. Who cares what the courts say? Literally. Lmao.

[–] Zedd_Prophecy@lemmy.world 2 points 6 months ago

Was that settled or is it in challenge status? I've seen no rebate of tarriffs going to the rich people that didn't pay them yet.

[–] Jonnyprophet@lemmy.world 1 points 6 months ago

It's like you can hear D.T. hanging with his rich buddies...

"You know, Im thinking of getting into the kitchen cabinet making business, but I don't think I'll be able to turn a profit with all the competition."

"Here, hold the bong and let me make some calls."