Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.
Does it feel like Trump just learned the word "tariff" a couple weeks ago or is that just me?
No he definitely learned it years ago, but he’s a simple boy, he can’t hold too many concepts in his head. It’s mostly just rape, fraud, and now tariffs
'Trade wars are easy to win'
“If you step out of line, so help me, I will TANK MY OWN ECONOMY!”
Ngl, hes an accelerationists wet dream
I’m sure this will help drive BRICS closer together as they feel attacked by America. Allowing Russia to poach powerful allies away from the US.
Trump must be Putins greatest dream.
Trump 110% still believes that other countries pay these tariffs.
He believes they can't raise their own tariffs in turn. That's the real danger here. Not Americans paying double for some knock off plastic widget on Temu, but American exporters running into an equivalent tariff wall trying to import cars and computers and pork shoulders into China.
He's taking a guillotine to American global logistics
And when it crashes it will be the Deep State's fault.
More like he DGAF.:-P
I'm not so sure.
It's free money for the government isn't it? If he's all about greed or grift, then isn't it the more the merrier?
Disclaimer: I'm not from USA, I'm watching from the other side of the world.
Raising the income tax to 100% might also give you a brief surge of revenue before people start starving and then burning things.
Remember how China's CCP keeps trying to have its way by using threats to bully other nations into submission and all it does is rally everyone against them instead? Watch the world turn its back to the US even faster now.
Yup. The first Trump presidency is why North Korea is blowing up roads and sending weapons and military units to Russia. Just read the open letter Kim Jong-Un sent to Trump after their Infamous meeting. Kim essentially called Trump a lier and that Kim wouldn't be made the fool again. Trump spent less than 12 hours with Kim and destroyed any possibility of reunification of Korea. Dude is a cancer
What the world must learn is that, in the American system, the word of a sitting president or from his secretaries are worth next to nothing in the medium to long term (ie beyond 8 years) until it passes congress and becomes law. I would say the world is a sucker for believing that promises made by the executive would stick beyond their own terms
That's the plan.
Bro is undermining the dollar himself.
Man’s really out here acting like tariffs are a cheat to fix everything. This whole move screams “short term flex, long term mess.” BRICS isn’t gonna back down just because Trump said so on Truth Social.
It's going to be fun when americans understands this.
Don't bet your savings on that, he did the same bullying moves last time and look where we are now.
Wait until someone tells him that that tarrifs can go above 100%
Tarrif 1.05?
Ludicrous. How can you have .05 of an idea?
Man the rest of the world should just cut the US out of trading completely and become more self sufficient. This shit is way beyond ridiculous.
The thing is, they have no real reason to care about the threat of a tariff. It makes domestic US prices increase. For a lot of things, there isn't the ability to start making it domestically in a timely fashion, so either demand drops for a bit or if it's something vital, then the producer never even notices.
It's threatening the shoe store by waving a chainsaw at your legs. Sure they'll have some reduced sales, but you're mostly hurting yourself.
Ooh! Donny boy found a new hammer. Hitting anything now
Like a 7yo who has learned that people can be sued.
"I'll TARIFF YOU!"
For someone who isn't Putin's puppet he does and says a lot of stuff that makes him look like Putin's puppet. If it quacks like a duck....
Only 100%? How about billion bazillion percent instead Donald? And make them buy you a pony too while you're at it, that'll show'em!
Oh no, these countries wanna be less dependent on the US? Better try and bully them with what little leverage we got left, great plan. Honestly, if he actually does it and it screws over the economy, maybe people will finally wake up and do something about him.
Even though it would affect me as an American citizen, I wonder what will happen if all countries decided to sanction the U.S.? Presumbly to rebuke a near-fascist leader coming to power. How many countries would actually do it is another question.
Trump finally doing what some guy in Iran burning an American flag only talks about.
I think there's an argument for what Trump is saying. Tariffs mean that Americans will chose product alternatives that don't have those tariffs attatched. Possibly from other countries outside of BRICS.
IT also gives him leverage in negotiations (eg. He can offer to life the tariffs)... And gives him a way to appear to improve the economy ("oh look, things got cheaper and spending accelerated because I lifted my tariffs, ergo I'm good at economic management").
An argument for what Trump was saying?
Like, are you for real? Trump doesn't have the slightest fucking clue; and as far as what Trump is saying:
You're so full of shit. Like, seriously, tell me what Trump was saying? Dementia Patient in Chief doesn't even know, so wow, you must be pretty smart.... Or you know, maybe not.
The election result is a very touchy and emotional subject for most Americans. On the left and on the right.
Ironically the right are less destabilized by their emotions. The left are the ones shaken and unable to recover even to discuss what's going on.
That's a problem. That's part of the loss. It's understandable it's why he won (there was an emotional game played on the left and right by Trump's campaign). Which is a slightly different topic than why the establishment dems lost. But both pertain to an very emotional election.
...so I understand you are rendered incapable as far as discussing these things. Your emotions are understandable. Someone in power is finally being open about selling your democracy, your rights, to fascists. That would be upsetting.
But that's got little to do with me being able to see how his tariff plan benefits him. Nor does being able to see what he's doing make me "full of shit".
But I understand it's rightfully a sore point for any American who is a reasonably intelligent person.
No. The only thing that will happen is that US prices will sky rocket. Just check out the price of washing machines under his first presidency.
He's not that smart. He bankrupted his own casino. You know, the business where people just give you their money.
I don't recall saying he was smart.
With what choices?
Also, there's never an argument for him.
The choice to remove his tariff. To clarify I'm not saying there's an argument it's a good thing, I'm saying I can see his (self-interested) logic.
Of course I also understand people aren't able to look at his ideas yet, as post election hatred is still high, and should continue as such as he is a hyper capitalist willing to sell America to internal fascists (and probably some parts of it to external fascists too).
A lot of people don't seem to grasp this idea.
If Tramp goes through with his original plan on applying a minimum of 20% tarrifs to all imports, there are exactly zero choices.
Consumers eat the 20% price for imports, and local manufacturers raise their prices to match because they no longer have any competition at their old price point. To make it worse, wherever domestic production isn't able to meet demand, products will still have to be imported.