- cross-posted to:
- news@lemmy.world
- cross-posted to:
- news@lemmy.world
Summary
Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.
The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.
Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.
Trump defended the move, even suggesting Canada should become the US’s “51st state.”
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The point is to crash the economy.
Things will not get better until this economy is buried 6 feet under. Letting it ride out like the previous admin did won’t fix anything.
In the end, corporations that suck Trump’s dick will get exemptions, those who don’t won’t. It’ll increase wealth disparity and crush small business / competition.
The suffering is the point.
And yet my uncle, who started at the very bottom of a family run small business and is now near the top, outright said the orange turd is good for small business.
Of course, the dude is at retirement age, and works “part time” with a company truck making his full 6-figure salary while recently signing up for Medicare part B to pay for a knee operation.
“backlash”
They had known before the election what he was planning. So how come they are complaining now instead of preventing him before?
It’s because Trump is so out of pocket on any given day that he has interpreters.
When he says “maybe if we put the sunlight inside the body it could kill the virus, we should look into that” they explained it as “well actually there was an idea of using uv light to clean the blood, so it’s not as crazy as it sounds
even though there’s no substance to it medically”. And there’s not just one interpreter, there’s different messages for different audiencesSo when he said “were going to put tarrifs on our largest trading partners” the message to people who understood tarrifs was “this is an intimation tactic to get better trade deals, he’s not going to actually do it”
Still, it was said as it was said. And whatever he said has to be taken as the least worse interpretation - it usually ended up worse in his first presidency.
There is no excuse.
They want everything else he is cooking, they think they can control him in this one issue.
man, if only we didn’t elect this guy and instead elected the better alternative that was available at the time.
Yeah but she was a “female”. Ew, cooties. And Joe Rogan the alpha instructed all of his alpha followers to vote Trump, so they did the alpha thing and obeyed him without making their own informed decisions. And did I mention she’s a feemale? I ain’t gonna vote for no woke DEI feminist illuminati agenda.
(/s just in case)
Not just feeemale, but minority biracial childless cat lady feeemale
But genocide Joe!
Weird. I could feel my brain starting to unwrinkle after typing that.
Oh, so Trump has stopped the genocide then?
Fuck off
ofc not - but don’t delude yourself that Harris would have either - you don’t defeat genocide at the polls - get organized instead - https://generalstrikeus.com/
I was told by so many people she would have been just as bad because something something capitalism neoliberal status quo centrists.
He just announced he’s going to put tariffs on the EU, and said maybe the UK unless they want to make a deal.
This is so mind-numbingly stupid
It’s not stupid if a single EU country signs an agreement with the US. Giorgia Meloni was the only EU premier at Mar-a-Lago.
Almost as if the foreign country that helped him win both times has an interest in a weak US economy.
It’s only stupid if one wishes to see the US prosper. Clearly that’s not the plan they are operating from.
Dude, this is what’s driving me crazy. He. Does. Not. Care. Putin, China, and Co. all want NATO weakened. And a crippled US that has pissed off all its allies means a severely weakened NATO. It is abundantly clear from allllll the evidence presented over the last 15+ years that Trump is a fucking foreign asset. And the administration that’s bolstering him up this time around are a combination of foreign assets and religious fanatics that are too caught up in their own cult to realize they’re being used to destroy the US, rather than rebuild it in some glorious Christofascist New Gilead wonderland that they envision.
It’s so disgustingly obvious, especially the insanity that Elon Fuckrat is pulling. And if you go in any conservative forum, they’re just full steam ahead with the final downfall of US democracy, accusing all liberals of being melodramatic and cultivating conspiracy theories. They actually condone Elon forcing his way into government agencies and hooking up illegal servers to hijack the Federal Government’s primary payment distribution system, which in turn gives him the ability to stop payments on virtually everything the government pays for. He can literally cease all payments, including paying interest on our national debt, which could cripple the entire global economy due to the USD being the primary trade currency.
Fuck, man. I’ve been spiraling all week, it’s brutal to experience totalitarianism happening in real-time and seeing only a fraction of the population give a shit.
The beauty about Elon setting up servers is that all that info will probably end up on the dark web for purchase so everyone can see it for themselves.
/s
Hooray, the US let a foreign-born national walk right in and destroy the country from inside, while deporting foreign-born people there who just want a better life.
I couldn’t have articulated this quite as well as you but my friends laughed me off when I said to them that a foreign country/power is almost certainly pulling the strings and taking over the US. Granted they are no fans of führer musk or his pal trump, but you can bet I’ll be reiterating this point the next time I speak with them, doing my best to mask my “I told you so” tone (yes I’m petty).
Also, don’t forget that if the USD collapses along with the US itself, that BRIC (Brazil, Russia, Iran, China, etc) have been wanting the world to stop using the USD as trade currency for ages. It is no secret that the MAIN reason the US is still such a powerhouse is because of our stranglehold on the global economy. And the onnnnly way you can change that in the short term, is by destroying the US, it’s global credibility, and its economic stability.
Elon has always been a conman along with Trump, and the rest of the oligarchy have bent the knee to accepting crypto as a, “viable alternative to fiat.” BRIC setting these traitors up with lots of wealth using semi-anonymous crypto (who’s going the investigate it anyways, all the high tier LE agencies he just gutted) as a means to transfer funds away from the public eye. They don’t even need the USD to transfer the vast wealth.
As a sidenote: The main reason I think Elon is doing this, is because Tesla will probably fail in the next few years, collapsing his wealth foundation. Its stock value has been grossly overvalued for years (at one point it was valued more than all the other car manufacturers in the world that produce and sell 100x more vehicles than Tesla could ever hope to accomplish). Another possibility could be that he has been trying to rapidly expand Tesla’s manufacturing capabilities, he needs access to a fuckton of lithium for batteries, along with other metals such as cobalt for electronics. Luckily, China has made lots of headway in Africa (e.g. see the ongoing conflict in the Congo where the US is supporting one side and China the other) and central Asia where there are massive rare earth metals deposits.
The last possibility is just simply because he’s mad and wants to make us all suffer. It really could be that simple.
Bah, sorry for rambling. It’s all painfully clear, just pay at least some moderate attention to world news and look at what each country’s geopolitical advocacy has been for the last 10+ years and the signs are all there.
I was going to say to have your cake and eat it, but with the price of eggs over there I’m not really sure they could.
The fuck did they think was going to happen?
Collapse the country so he and his buddies can make a killing, no doubt.
They would make more money by operating as normal. Collapsing the stock market is going to make it worse for them.
These are the guys who thought tariffs and alienating a good chunk of the population were a great idea. They’re not in it for the long run, only the 4-year cash grab.
Not on the long run, and not by the rules they’re playing by now.
Top 10 richest men in America doubled their total wealth during the COVID downturn. From 750bn to 1.5tn. DOUBLED IN TWO YEARS.
Market collapses allow those with the most current assets buy up everyone else’s assets at fire sale prices, and raid the government coffers for “bail out” money. They want that scenario to repeat, only now with a much, much deeper, country-wide drop than the temporary Covid bump.
How does doubling wealth matter if the systems that give their wealth any value crumble?
“Wealth” as described in terms of US dollars is just an imaginary accounting measure. And it hasn’t really “meant” anything since the death of Bretton-Woods and the removal of the gold standard.
That wealth the richest hold is assets. Physical things. Control of physical things. Control of entire populations and their ability to survive.
The fed could change the accounting to Bitcoin tomorrow and would not change the fact that those top 10 richest men control a vast majority of our nation. But that’s not enough, no, they want to control all of it.
It only works if America recovers in his lifetime, of course.
This is the result of a mind that has been fed the myth of “American Exceptionalism” since day one and has never had to suffer the consequences of his actions.
Eh, didn’t he piss off American banks so bad he went to Russia for continued financing for his
business dealsuninterrupted largesse?Besides, his father was first generation citizen, his mother was an immigrant. So, no, that’s got nothing to do with his motivation here. It fits, however, with getting his
loyal supportersdupes to keep supporting him.
Lmao
Not because this is are against fascism, just because Trump is hurting and not online. Don’t take this resistance as anything other than these incredibly shitty companies continuing to be incredibly shitty to protect their self interest interest.
They’re not fighting for you or me, they’re fighting for themselves. That makes them just as horrible as if they had agreed to it. They deserve zero credit.
The enemy of my enemy something something…
Its crazy days right now and something crazy just occurred to me.
(conspiracy theory) We all know trump isn’t smart enough to come up with any of this on his own and is just following instructions of people close to him who convince him that he’s a big boy by putting all these tariffs in place. Is it possible his cronies are intentionally giving him bad advice putting all these tariffs in place alientating him from his opponents and allies alike so they can use the 25th Amendment to declare trump incompetent putting Vance in charge for 4 years? (/conspiracy theory)
It’s far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces. That motive fits.
His new inner circle are not his handlers; they are new recruits who want to be first in line to buy up the pieces. A billionaire is not a patriot. They don’t give two fucks about society - that’s why they’re billionaires.
It’s far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces.
If that is true then aren’t those foreign actors getting a serious case of “friendly fire” right now? Stalwart allies like Canada and Mexico are getting sanctions for no good reason. Historical economic and espionage foes like China are also getting additional sanctions this week, and Russia is getting its few remaining hydrocarbon delivery methods slapped down (shadow fleet bans and Ukraine turning off methane pipelines).
Wouldn’t those groups be incentivize to a trump alternative?
How does any of this hurt Putin, though?
From your first link:
“As President Trump threatens new sanctions against Russia, the Russian economy thrives despite previous measures that failed to deliver the intended bite.”
Meanwhile, we’re discussing actions in this thread that will clearly have consequences, not empty threats.
Meanwhile, we’re discussing actions in this thread that will clearly have consequences, not empty threats.
You need to read more than the first line of an article, such as this:
“Defense and security will account for some 40% of all government spending this year - that’s up a quarter - and an investment in guns that’s so heavy, it’s making a mess of the proverbial butter. Prices on basic food staples, such as real butter, are up, way up, so much so there’s even been reports of supermarkets keeping it under lock and key. Inozemtsev says runaway inflation, as well as the tumbling value of Russia’s currency, the ruble, and high interest rates - they’re all indications that sanctions are working, just more slowly than anyone imagined.”
To what end? If what you say is true they should have everything they want with Trump?
Two problems with trump from his handler’s perspective.
- Sometimes he goes “off script”. (injecting bleach really?!) (Sharpie adding a fake hurricane landing path on a nationally televised alert REALLY?!)
- He’s malleable by his ego. trump used to be easily in Bannon’s pocket, now Musk has his ear (and the power that comes along with it). Lots of folks worked hard to get trump in power for their own means. I imagine many are not happy that Musk is using them to get his own way and line his own pockets.
I’m not seriously considering this is true, by the way. Its just a manufactured idea that could fit the puzzle we have today.
JDPON Don.
