this post was submitted on 03 Apr 2025
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"Liberation Day" Trump’s Tariffs on Europe (i.postimg.cc)
submitted 3 days ago* (last edited 3 days ago) by nuko147@lemm.ee to c/buyfromeu@feddit.org
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[–] floofloof@lemmy.ca 10 points 2 days ago* (last edited 2 days ago)

User tomi000@lemmy.world gave me the best explanation when I asked what the rationale is for Trump's tariffs:

His logic is: I walk into a store and buy a hat for 10$ and sell them a shoe for 7$. This means the store ripped me off by 3$. To counter this, I will add a tarriff of (3/10)/2 = 15% to all business I do with this store so they dont dare sell me anything in the future.