this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] PurpleSkull@lemm.ee 58 points 2 days ago (3 children)

Thanks for typing out the percentages, so far I've only seen emotional news reports about it without any detailed info.

Are these tariffs on ALL goods from a certain country? Eg, does 34% on China mean 34% on ALL Chinese goods or just certain ones like cars?

Well, one of two things will happen now.

  • The US economy will recede by roughly 30% over the coming years (classified by economists as "catastrophic collapse")

  • It will turn out that trade was "fake and gay" all along and autarky is the way to go, despite centuries of historic lessons to the contrary.

Take your pick.

[–] RandAlThor@lemmy.ca 24 points 2 days ago

It's all goods from those countries.

[–] Baguette@lemm.ee 10 points 1 day ago (2 children)

30% seems pretty generous. Nevermind the complete collapse of trade and alliances we built over the past century, won't countries stop using the us dollar as the backing reserve? Which will likely set america on an even further downward trend, especially since the dollar isn't on the gold standard anymore?

[–] corsicanguppy@lemmy.ca 16 points 1 day ago

won’t countries stop using the us dollar as the backing reserve

Yeah. Putin's gonna be so pleased.

[–] lepinkainen@lemmy.world 6 points 1 day ago (1 children)
[–] The_Caretaker@lemm.ee 4 points 1 day ago

BRICS will take over, which will benefit Russia and China. Putin is getting his money's worth out of pimping Trump.

[–] match@pawb.social 7 points 1 day ago

american juche now!