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And unsurprisingly the US stock market plummets.

Canada, China, EU, Britain, Japan, Australia and South Africa all plan for potential retaliatory tariffs on US goods.

When the global economy crashes you all know who to thank. Trump’s America.
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Jokersswild · 22-25VIP
Tariffs will only end up making ordinary Americans poorer. They’re essentially a tax on Americans, plain and simple. The result is that you'll end up paying more for goods.

The real issue isn't with foreign countries; it's with the U.S.'s inability to produce these goods at a competitive price. The only way to fix this, we would need three things:

1) New factories, millions of them, to produce the items that Americans currently buy from other countries.

2) A reduction in the cost of labor and raw materials to ensure that finished products are priced similarly to what other countries pay to make the same goods.

3) Skilled laborers, which we lack, especially after Trump’s crackdown on immigration.

Now, consider a corporation deciding to build a new factory and invest in new supply chains, hire more workers, and so on. The corporation has to decide if making that decision is worth it. These corporations are thinking long-term because they know that, in four years, a new president could come in and may eliminate the tariffs altogether.
dale74 · M
First of all you obviously haven't realized they are called reciprocal tariffs for a reason he is only putting a tariff on their product because they are already charging us a tariff. Maybe their economies deserve to crash they've been charging the US for us to sell our goods and their markets for years now we're going to charge them to sell their goods in the US. Trump's already said countries that don't charge the US tariffs will not be charged tariffs on their products.
MethDozer · M
@dale74
. because they are already charging us a tariff
dale74 · M
@MethDozer yes these other countries are already charging tariffs on us products so they're charging us a tariff to their citizens for our products to be sold in their country
MethDozer · M
@dale74 they're charging their importers. Again exporters don't get charged anything
GeniUs · 56-60, M
I can't help but think this is a storyline for a Bond film. What he's actually causing is greater than the sum of all that the earlier Bond villains ever tried to do.
wildbill83 · 41-45, M
The Reciprocal Trade Agreements Act of 1934, signed into law by President Franklin D. Roosevelt, granted the President authority to negotiate trade agreements with other countries, allowing for tariff reductions in exchange for reciprocal concessions, without requiring congressional approval.

It also boosted us out of the great depression

It's the Europeans that start world wars...
Bumbles · 51-55, M
Tariffs are a terrible mistake and will sink the US into a recession.
CountScrofula · 41-45, M
Wait until they found out destroying the economies of every nation that exports to the US will not enable them to start buying US goods en masse to correct trade deficits.
Misvotes here DO have consequences
DearAmbellina2113 · 41-45, F
He is tanking this country
That'll show the world whose boss
Jokersswild · 22-25VIP
@pripyatamusementpark Well, we are being liberated according to Trump. What are we being liberated from 😂?
@Jokersswild exactly


From common sense
Fukfacewillie · 56-60, M
Thanks, MAGA! The cult seems to want to pay more for everything in the name of Trump.
Adstar · 56-60, M
There is no plan in Australia for retaliatory tariffs against US imports.. Neither the governing Labour Party nor the opposition Coalition have announced any retaliatory tariff policies against the USA..
plungesponge · 41-45, M
The multipolar world is here. Every country is about to start forming an exit plan out of the US financial system
Jokersswild · 22-25VIP
Trump goes about things the wrong way because he believes he can bully people. Mafia mentality. Look at his ultimatum to Iran. If Trump isn't stopped, he's going to get us into WWIII.
Nah. It'll all be DEI hires' fault
tenente · 100+, M
more like the Down Jones lol amirite? 😆😭

 
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