https://ustr.gov/issue-areas/reciprocal-tariff-calculations
the reason the US has a huge trade deficit with CAMBODIA is 100% because they're leveraging unfair tariffs on American goods and that is why they're not buying stuff made in the US.
cannot be because the textile industry is huge in Cambodia due to very cheap labour, which means Americans buy a ton of clothes made there, while Cambodians cannot fricking afford Ford F150's in the first place!
.webp?h=11 "Nuzzles, pounces on you, UwU, you're so warm!..")
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Being American is fricking awesome. Who else can just go and bully penguins while the rest of the world looks on helplessly.
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Why are you defending these fricking freeloaders? They deserve to suffer
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nigs of the animal world
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That's pitbulls.
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Yeah penguins are the snow-n's
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No they're too well-dressed
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Pay up, SEAmonkeys
I love how South Korea has no data, but still gets hit with a 50% tariff
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You're the one who ends up paying though lol.
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Oh nooooo the global 1% might have to pay more for their exploitative shein slop noooo
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The 1%? Rich people get their clothes from the US/Europe
He imposed 100% Tarrifs on Cambodia lmao
And 74% on Bangladesh. It's joever for fast fashion
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I said the "global" 1%. Which includes basically all Americans buying fast fashion
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Yeah that is terrible if you live in the US, It will directly hit consumers in their wallets on one of the most fundamental things humans need.
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Oh noooo I have to rotate out 5 shirts made with Bangladeshi slave labor instead of 7!
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Its not slave labour. They're low wages even by their standards but considering the alternative they're practically heaven sent. A densely populated agri country with shrinking land ownership per capita will be heck on earth if there's no urban outlet for their employment and they don't have the skilled pop to build any of their own.
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I know that really. I just find first world people complaining that they can't have as big of a shopping spree at the mall every season like they used to funny.
Poor people buy so many fricking clothes in the us. Tariffs aren't going to make them have to suddenly start running around naked. They're just mad they can't consooom as much
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Burgers are too big and powerful for most countries not to play by their rules. Just recently EU decided to buy more locally made weapons and U.S. told no
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Cope, Just recently the US just tried to pressure Colombia into buying their fighter jets when Colombia were trying to strike a deal with Sweden and even with loads of pressure Colombia bought Saab Gripen anyways. And if they can't pressure Colombia then good luck trying to pressure countries that actually work.
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You do understand that burgers have very strong leverage on Sweden and they can force Sweden to cancel it ?
A lot stronger than on Columbia. So you are saying US tried to pressure Colombia so Colombia decided to buy by someone burgers can press even easier ?
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Well not buying because their is no money⦠even burgers are powerless in such situation.
Edit:
Do you see neighbor, I also had no idea about this topic but I had no doubts it had something to do with money since Portugal is super 3rd world country very soon.
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i do not believe americans can stop consooming. its just going to continue because its wealthy Americans (top 10%) who represent 40-50% of American spending.
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Wealthy Americans don't buy fast fashion. And wealthy Americans only spend when they feel wealthy which is when the stock market is doing well. Expect consumer spending to crater in the next 6 months as we enter the recession.
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I don't know why people are suddenly taking what Trump (the king of liars) says at face value. It looks more like they're applying a general tax on imports in an attempt to eventually reduce income tax and reshape the economy towards internal manufacturing. It's either going to work wonders or blow up in his face, nobody really knows.
Whatever happens will be dramatic.
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We do know how it will work, communism and autarky had been tried enough times.
!freemarket
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This likely isn't about wealth as much as defense. We rely on China for manufacturing even our military equipment, or at least a significant number of components we do not have the ability to produce. While it's the most profitable place to buy from, as they actively devalue their own currency, it also makes us vulnerable to them.
I like free trade, I like my beautiful pocket computer and my giant TV and cheap clothes, but it's not the only concern.
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One of my favourite stories of the Cold War was how Lockheed and the US Air Force needed titanium to build the SR-71 Blackbird supersonic reconnaissance plane. Because only titanium could withstand the immense heat from flying so fast.
Unfortunately, the Soviet Union was the largest global supplier of titanium at the time, dwarfing American domestic or allied production.
So, the US used backchannels in third world countries and set up numerous front companies to buy titanium from the Soviets. They told the commies they wanted the material to make, among other things, pizza ovens. !historychads
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Titanium is an unusual case of something where the Soviets poured a huge amount of resources into developing their technology so they were actually more advanced than us. Like they were building submarines out of titanium that could dive really deep. Maybe they figured they could export a little because it wasn't enough to build a sub out of, so who cares?
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I recall reading up on this and it wasn't a comparative advantage in titanium technology that allowed for titanium subs so much as a complete disregard for negative human effects that allowed for it to be feasible. No one says the third world has a tech lead when it comes to shipbreaking, for example. We send old ships to Bangladesh because they give zero fricks about the workers engaged in dangerous and unhealthy work. Titanium construction was similar. Dirty and unhealthy, so Burgers avoided it.
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You're just trying to imagine there is some order in the universe because it's too horrifying to realize that your life is controlled by the chaotic actions of literal r-slurs.
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Reddit tier nihilism
Trans lives matter
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You have clearly never worked in politics or government
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I work for a defense contractor
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Lockheed swe trying to cosplay
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This neighbor read too many books
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Much like CEOs.
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I could drill a spike through your skull and you wouldnt notice
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R-slurs will say this, while also claiming to be anti-war and anti-hawk when this kind of decision making encourages cold war behavior and reduced trust.
Not to mention that the defense idea is fairly r-slurred on its own since war became impractical since nukes and as Russia has kindly shown to the world. It makes no sense for China to stop supplying to us and Asian countries have repeatedly stated their overall belief in competitive prosperity. But let's say even if China ever did stop giving us the materials, we could economically cripple them and have nukes as a backup regardless. In summary, reshaping the entire economy so our citizens are mineral extractors and factory workers to reduce reliance is fricking r-slurred and anti-prosperity
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Why are we tariffing our allies? Why are we tariffing textiles and rubber ducks instead of only goods essential to national defense?
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tbf, the land of
is unique among the major powers for being the only one to be the closest to achieving autarky
of course, it does not mean going full autarkic is good. look at
, the Best Korea, with its Juche and Songun ruining its reputation worldwide
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Dude you are from Poland. You'll pay any tariffs Burgers impose
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Neoliberalism is extremely gay. Time for this country too grow up
Trans lives matter
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Makes perfect sense. That's how the federal government raised most of its revenue...
...200 years ago. So I'm sure it'll work just as well today.
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I'm sure Trump sees it as a win-win, either the import tax is paid and they get revenue or people stop importing and manufacturing returns to the US.
...or the economy enters a massive recession. But let's not worry about that.
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And/or allies and enemies alike are now incentivized to figure out trade without the US. The US isolates itself as allies (Canda, EU, Asia excluding China) figure out independence from the US's global hegemony and potentially leaves the floor open for China if they want to step up and grab all the influence tossed aside.
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Escaping US hegemony means either ending your dependency on oil (which to be fair the EU is trying), becoming militarily independent enough to become the new world security guarantor (which the EU is newly trying but not even close to achieving), or realigning to China. There is no easy way out currently
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Yeah that requires a level of competence I'm not convinced the EU possesses
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I'm not sure either, but there's nothing like giving them a great economic incentive. If Trump keeps up the chaos and the random lashes out at allies, they won't be allies much longer.
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They won't figure it out
Trans lives matter
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but where will the trade go? you almost have to trade with china/us. china has the largest export market while the us has the largest consumer market. the EU isn't buying treats anytime soon and Xi still refuses to open up china to foreign treats.
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The US is big but the EU is actually a bigger importer from China
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Or they just wait it out and help corrupt Dems get in power.
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Only way manufacturing returns is if everything post-NEPA is repealed and the boomer enviromentalists all get gassed
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Yeah it's either gonna work or not. It's a 50/50 really.
Everyone said I was crazy when I started chasing down and punching customers at the movie theater I worked at. I told them I wanted to convert it to a free for all punch party where they pay money to get chased and beat down, by yours truly.
My coworkers were skeptical and worried people would stop seeing movies here. I was willing to take the chance, life's a coin flip. No one knows what can happen.
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if Americans showed a willingness to return to the factory, or work in general, it might work. hard sell to the current workforce though.
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when the factory moves back to america they'll have the chance
...to be replaced by robots LOL
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The difference here is that there aren't any checks and balances on Tariff powers. The President can just whip out a tariff whenever he likes with literally nothing stopping him.
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Dysfunctional system is dysfunctional
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Trump feels like a parody of pre- racial madness no-global leftoids
Investing in epic sci-fi technology, declaring war on global trade and third world sweatshops in favor of more regulated domestic production, doing away with the World Police system...
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The difference is that at least Rage Against the Machine doesn't suck as much as Kid Rock and Ted Nugent.
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Rage wishes they had a song as good as Stormtroopin'
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Finally an economic policy I can understand!
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This is blunt, and will create real economic pain, but is more savvy than it seems.
Because the USD is the de-facto world reserve currency, the way countries get access to dollars is through exporting to the US. By just blindly setting tariffs to trade deficits, countries are incentivized to import from America, in order to be permitted to export to America and gain access to those sweet greenbacks. To do that means dropping the tariffs they levy against us and actively preferring American industry, which just happens to also be Trump's base.
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Just start printing your own USD
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This may have the effect of just ending the US Dollar as the world's reserve currency which would frick the US economy up big time.
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Only if the petrodollar ends, which I don't see happening as long as we are the Saudi's security guarantor.
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China just needs to spam tweet at Elon Musk and JD Vance about Saudi defence freeloading and the petrodollar will collapse overnight
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"petrodollar" is an effect, not the cause of US dollar becoming the currency of currencies, fricking r-slur
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What will replace it?
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Dramacoin
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The USD is hanging on to its reserve status by a thread at this point. Might as well just go for it on fourth down.
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pizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwawardpizzashiwwaward
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It's r-slurred. You'll always be at a deficit with third world countries cause they're too poor to afford American goods. Cambodians won't start buying lifted trucks and Levis. What's the goal here, onshore sweatshops and cobalt mining?
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It's like you can't even read
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It also puts tariffs on trade surplus countries, r-slur
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