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/

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.

Can’t wait for tomorrow’s sell off. Its going to be a black Friday Friday.

deleted by creator

Pls 100% world wide tax.

I like to go straight to the “Find Out” phase.

👀

(Remember, when the great depression happens, its our duty to eliminate nazis)

This is like watching the toughest guy in the prison who runs the biggest gang just start smashing his own head against the concrete floor

Well well well, we finally fell off the cliff, didn’t we?

Starting a trade war with the entire world, easy to win, right?

If the entire world reciprocates, which they will, you will literally wish you had just a recession to worry about. I wonder how Trump’s approval ratings will be about a month from now

Look I’m a big boy doing big boy things

And crashed the market more!

Just trying to understand the Australian perspective on this. Maybe others can correct me.

He’s using the term “reciprocal” as a way of saying certain practices are unfair.

For example, we refuse to import raw meat products because we don’t have mad cow disease here.

We also don’t have american style healthcare, so pharmaceuticals can’t be advertised and are purchased exclusively through the federal government procurement scheme.

In response, he’s applying a 10% tariff on any Imports from Australia. I assume this is in addition to the aluminium and iron ore tariffs but I’m not sure.

We have a federal election coming up so the opinions of both major parties are relevant. Our current progressive PM says it will hurt the US more than us, that we’re not going to respond with tariffs on US products, and we do have legal recourse through our existing free trade agreement.

From here it’s hard to see this as anything other than a huge self-own by the Trump Administration. We just don’t export a lot of stuff to the US, our stock market has responded positively since the announcement. I would be absolutely gutted if the Australian government made any concessions what so ever, and I don’t think I’m alone in that. We have our fair share of MAGA idiots down under, but even they are nationalists, with families. No one here has any interest in letting Trump fuck with our health care system just so Americans pay less in tariffs.

Putin’s bitch trying to further destabilize the world for daddy.

Don’t buy American. Make America lose the trade war and crawl away from these tariffs

Lol, the bitch waited till the markets closed to announce it.

Does that mean oil is also 10% up?

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.