- cross-posted to:
- worldnews@lemmy.ml
- cross-posted to:
- worldnews@lemmy.ml
Summary
Donald Trump pledged to impose a 25% tariff on all products from Mexico and Canada on his first day in office, blaming them for failing to stop illegal drugs and immigration.
He also vowed to add a 10% tariff on Chinese goods until drug trafficking into the U.S. ceases.
Economists warn these tariffs could drive up consumer prices and inflation.
While violent crime has declined in recent years, Trump continues to link trade measures to border security and drug issues, echoing his first-term trade policies and immigration stance.
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It seems pretty obvious that the plan is to deliberately destroy the US economy.
Makes one wonder who would benefit from that…
Anyone with enough money to weather the shit storm. Look at how much money the top 1% made during Covid.
They’d just buy assets that others won’t be able to afford and hoard more
I think you misspelled “create buying opportunities for the oligarchs”
/s
And Canada’s and Mexico’s as well.
The orange asshole just doesn’t gaf about anyone but himself.
He should be first on the BBQ menu.
I hope he does it. I really do. The quickest path to revolution is when people aren’t just vibe struggling, it’s when they’re literally starving because nobody can pay for enough calories to sustain themselves. The faster we get to that point, the faster we can fix all of America’s problems by deposing the oligarchs, rewriting the constitution to restore the guardrails of democracy and restructuring the government and the judiciary to serve the people and not corporations.
No balls, Trump, you fucking won’t. You’ll pussy out at the last minute or get bullied by another world leader with more gumption than you can muster.
Adieu US economy.
I’m pretty sure most of the drugs coming in from Canada are in the possession of seniors who can’t afford American medical care.
He doesn’t give a fuck. He will avoid prison and that is all that matters to him.
Oh I know. I was just pointing that out considering how many of them voted for him.
He’s gonna get rid of the income tax too right? Right?
No? So everything costs more and farmers go out of business. Got it. But hey, you maga aholes got to own us libs. That sure was awesome! /s. Have fun being homeless you tools.
This is late stage capitalism. The oligarchs are now in charge and they are going to loot every last penny that they can then run away laughing.
Musk announced that he was going to gut NASA which directly benefits SpaceX.
As soon as things go south, they’ll become the Biden tariffs that the damn, dirty liberals inflicted on America.
We’ve always been at war with Eurasia, Eastasia is our ally.
Liberal tears are already known to be the most expensive commodity in the known universe, cf. Brexit.
GM stocks are down 8% today.
Congratulations to all the auto workers union members who voted for Trump.
USA uses Tariffs.
It hurt itself in its confusion!100% tariffs on China!
60% tarrifs on China!…10% tarrifs on China?
Wait a minute. You mean I ran on bad policy and now I’m learning it was all bad ideas and people voted for me?
From the article
levy an additional 10% tariff on top of existing tariffs on Chinese products coming into the United States.
He’s not setting the Chinese tariffs at 10%, he’s adding an extra 10%.
Additional 10% to what though. Right now we don’t have tarrifs on all Chinese goods that I know of, so it would be 10 total unless he means an additional 10 on his last remark of 60 making it 70%? Wish the guy could actually write out a policy so companies can make plans on how best to function over the next x amount of years.
Biden placed a bunch of tariffs on Chinese products back in May.
So not a blanket tariffs on all Chinese imports then, just targeted ones. He had originally campaigned that he was going to roll back the CHIPS act, but hopefully he changed his mind.
What the Biden administration has been doing is making sure that any deals done under programs that can be shut down by executive order would take a lot of effort to unravel.
Given the makeup of the current SC®OTUS, they’ll probably rubber stamp anything T**** does but it might take years to get to them.
It was a 100% tariff on China at one point lol
There was a speech where he said 250% on Mexico at one point. He just pulls it all out his ass.
Except For on all the stupid crap I endorse from there and personally profit off of. If democracy ever resurfaces somewhere there needs to be heavy regulation on using the office of the president as at platform for personal profit.
I mean he seemed shocked on election night.
https://m.youtube.com/watch?v=CrnraEVaWTM
All you have to do is watch 1:00 to 1:20. He literally says, “We overcame obstacles that nobody thought possible, and it is now clear that we’ve achieved the most incredible political thin–, Look what happened, is(n’t?) this crazy?”
I can guarantee you my paycheck won’t increase even a single percentage.
No, but we’re all going to pay for this shit.
I can’t tell you how many fucking idiotic Trump supporters voted for him because they thought he’d make things cheaper and better for them…
The hard times are about to really start for Americans. Just about every single reputable economist and specialist warned about this.
Anything can happen, but the chances of anything good happening at this stage are very low. Prepare now for hard times.
Nor will it bring manufacturing jobs back
It will destabilize the western markets / economic/ financial systems.
Putin will be pleased.
Exactly like the play book planned out.
Glad more people are becoming aware of the new Rasputin.
He has a substack, btw.
A couple previous comments I’ve made about him and the situations. One has his substack link.
Fentanyl, FYI, is used in hospitals and imported legally. I don’t know what percentage of illegal supply is pilferage/theft from hospitals, but if fentanyl is bad, then forbid legal imports. There are a lot of media stories about healthcare professionals being caught stealing opioids. in 2020, DEA investigated 3600 drug theft cases at healthcare facilities.
OTOH, the typical overdose danger of fentanyl is using it accidentally, or it contaminating other opioids. Taking more of a weaker opioid provides the same high, afaik.
There are a lot of media stories about healthcare professionals being caught stealing opioids.
Like the new VP’s mom, for example.
Yah, that’ll fix inflation, you fucking stable genius.
What a shithole country.
2016 Trump: We’re gonna build the wall 10ft higher!
2024 Trump: We’re gonna make the price of everything 10% higher!?
2024 voters: InFlAtIoN tOo HiGh! TrUmP bEtTeR fOr ThE eCoNoMy!!1
10%? It’ll be a hell of a lot more than that if he does all he’s threatening to do.
Yeah. I’m just echoing the old refrain everytime a MAGA person was upset at something, the wall got 10ft higher. This time, it is every time they are triggered, prices are 10% higher.
This:
Has become
Republicans will spend the next two years blaming the previous Democrat government for the problems that will happen … then spend the next two years telling everyone that if they vote for the democrats the problems will get worse.
Every republican administration in my lifetime has left office in a recession.
I would agree with this, going back to Reagan. I technically saw the last few months of the Carter administration when I was born. I’m just not totally sure if Reagan left Bush Sr. a crappy economy, or if Bush Sr. managed to completely torpedo the economy in 4 years, allowing Clinton to perform “an economic miracle.”
And the mainstream media will do nothing to contradict this misinformation.
They’re simple people, many will be easily convinced that the guy in charge during the shitty time is to blame. Yes, many others will be fooled by their TV’s… But I think a good deal will take things at face value.
This will look just spectacular on my grocery bill. Prolly like 75% of my produce comes from Mexico right now.
Not to worry. All the farms in the US will pick up the slack thanks to all that plentiful cheap migrant labor. Oh, wait…
Ah, yes. Canada, where all the people who have social services, healthcare, and general peace, without fear of daily shootings, try to escape from.
I wonder where all the drugs in Canada come from.(aside from weed. Everyone I know grows at home now)
Trump is not making America great. He’s trying to destabilize the western economic system.
Trump hates NATO, The UN, and NAFTA. They were created after his father was born, so they must be bad ideas. That’s why he loves tariffs so much, because his daddy sang their praises, because the rich tanking the economy in the 1920s and 1930s allowed Trump’s grandfather to solidify his fortune, and allowed Trump’s daddy to make his fortune, both by buying up everything they could on the cheap.
Depressions only inconvenience the rich, but allow them to get even more fabulously wealthy by buying up everything for pennies on the dollar. Depressions kill the poor, and harm what’s left of the working middle class.
As a leftist I normally wouldn’t even acknowledge that the middle class, aka, the petit bourgeois even exists as the poor and the rest of the workers are all one class, but in this one case it is useful to differentiate between the intentional harm that the ruling class is causing.
And likely has an escape plan to Russia ready for when shit hits the fan.
Well, it’s because we already sent you all our worst. It took a stable genius to notice we did it. Everyone else just saw us as your nice friendly neighbours to the north, but remember how we behave in the wars? Where did all those people go?
Actually, it’s become a little bit true lately as some Canadians were accidentally the recipient of whatever the hell made people into “MAGA people”, so some of them actually have gone down to be closer to the “fountain of TRUTH”… and so they would look less silly wearing MAGA hats… I mean, sure, Canada is also technically America, but… yeah, they wear those hats up here too, luckily not as many.
Hehe, well it’s hard to say “make america great again by voting for Trump” was intentionally targeted at Canadians. So while alot of the general stuff was less targeted, it’s kind of crazy that one still managed to land on some Canadians.
Fair, though I would say the rhetoric was such that politicians more in line with Trump ideals got a boost from the more targeted messaging to Americans. Don’t think it was the primary target, obvs, but I don’t think it’s purely incidental.
I may be wrong, but in a different social climate I feel we could’ve had Erin O’Toole instead of Lil’ PP as the leader of the CPC into the upcoming election, which (strong fuck the CPC in general feelings aside) I’d be less unimpressed with. A lot of energy has been devoted to catering to far-right voters, and that is in no small part to sentiments which crossed the border (though to be realistic, definitely not the only factor at play here).
yeah, they wear those hats up here too, l
That is hilarious.
No. It’s not, really.
It’s sad and terrifying how stupid and eager to harm others are.
