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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[–] pleasegoaway@lemm.ee 52 points 2 days ago (5 children)

The trump regime was designed to TANK the US economy so that stocks, businesses, and industries can be bought by billionaires at rock bottom prices.

All is going according to plan.

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[–] psycho_driver@lemmy.world 31 points 1 day ago* (last edited 1 day ago) (2 children)

Fuck Cambodia specifically. Trump probably got a bad VD from there at some point.

[–] skisnow@lemmy.ca 20 points 1 day ago* (last edited 1 day ago) (2 children)

The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.

It's one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.

Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because "fuck you, give me more".

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[–] unmagical@lemmy.ml 81 points 2 days ago (4 children)

And just like that every American good costs significantly more.

If your family income is less than about $200,000, congratulations, your tax rate has at least doubled.

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[–] maplebar@lemmy.world 75 points 2 days ago (4 children)

Why the fuck is our media so bad that they blindly accept Trump's bullshit line that the tariffs are "reciprocal"? Are they just stupid or have they been paid off? Do they not know the meaning of "reciprocal" or are they just too fucking lazy to question the White House's rhetoric even a little bit?

The state of the United States makes me sick. We're being robbed blind buy the oligarchy in broad daylight while the media gleefully amplifies the administrations lies.

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[–] collapse_already@lemmy.ml 64 points 2 days ago (8 children)

So is the plan to drive the cost of everyday essentials so high that virtually everyone bankrupts and the billionaires buy all of our assets for pennies on the thousand dollars? That is all I can come up with trying to make a scenario where this has some coherent objective.

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[–] brucethemoose@lemmy.world 45 points 2 days ago (4 children)

This gold from wallstreetbets:

Soooo is the tariffs charged to the United States really a ratio of the trade imbalance?? For example Vietnam imported roughly 14.6 billion in goods from the United States, and we imported around 146 billion, so thus they have decided tariffs are 90% to the United States…thus we are putting a tariff on them of half of that…which means we are literally tariffing the goods we either a)need more or b) get more efficiently at a higher rate? That may be the absolute dumbest way to create a tariff policy I could imagine if that is the case…which it looks to be.

https://old.reddit.com/r/wallstreetbets/comments/1jpzhje/tariff_chart_released/ml476s7/

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[–] JeSuisUnHombre@lemm.ee 50 points 2 days ago (3 children)

I think it's important to note that this will kill a great many small businesses.

Larger companies have a larger supply in giant warehouses. Small businesses order smaller quantities more often. They get fucked sooner with the costs going up. If a customer wants to support that small business they sometimes would have to pay twice what they could get it for from a larger company. This is a deep consolidation of wealth.

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[–] ShellMonkey@lemmy.socdojo.com 67 points 2 days ago (3 children)

They'll be reverted as soon as he gets some flattery and palm greasing from the right people.

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[–] mlg@lemmy.world 26 points 1 day ago* (last edited 1 day ago) (3 children)

I don't know what the actual reasoning is but the 49/46% on Cambodia and Vietnam sounds an awful lot like how we still embargo Cuba like decades after failing to overthrow Castro.

[–] Nalivai@lemmy.world 10 points 1 day ago* (last edited 1 day ago)

The number for a tariff is a trading deficit divided by total export of a country. It's simplistically stupid.

[–] skisnow@lemmy.ca 13 points 1 day ago

Reminder that after setting the political stage for the Khmer Rouge to take power with the carpet-bombing of Cambodia, the US Government continued to recognize Pol Pot as its rightful ruler all the way through to the early 1990s, simply because the actual Cambodian government of the 80s was installed with Vietnam's help.

The USA seems to be on an never-ending quest to fuck Indochina over for no fucking reason.

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[–] Buelldozer@lemmy.today 39 points 2 days ago (4 children)

Smells like Smoot-Hawley up in this bitch.

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[–] te_abstract_art@lemmy.world 58 points 2 days ago* (last edited 2 days ago) (8 children)

I'd love to open the news one evening and not feel like we're another step closer to the apocalypse.

Honestly, fuck Trump. Where my Luigis at?

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[–] MehBlah@lemmy.world 9 points 1 day ago (2 children)

If the goal is destruction then trump is doing a good job of that.

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[–] bstix 47 points 2 days ago (1 children)

Never mind the money. Think about this: Is the American lifestyle self-sustainable?

No? Why not?

Because they use more than they produce? Yes, and where do those things come from?

Imports? Yes.

Trump litteraly put a stop to the American lifestyle.

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