Americans will be paying the tariffs, not foreign companies.

I wish TSMC would open a factory in Europe.

Not only would it be very advantageous for the EU, it would sting like hell for the US.

I’m not sure that’s any better, as traders and news have a whole night to digest it now. It might’ve seemed less bad with just an hour (before the next controversy consumes the cycle).

Russia and North Korea.

It’s official. We are the baddies now.

I think you’re reading too much into that.

They’re either under “Rest of world” like the EU, or the US doesn’t import anything from it, which as it’s under sanctions, it shouldn’t - nor export to.

They are rest of the World. How dissrespectfull.

https://www.cbc.ca/news/politics/trump-tariffs-canada-1.7500316

Maybe because he’s waiting until the election is over? He’s probably noticed by now that he’s hurting Canada’s Conservative Party.

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.

Some of the architects who helped win the second American civil war say yes:

Firstly, it is essential to squash the democratic myth that a state ‘belongs’ to the citizenry. The point of neo-cameralism is to buy out the real stakeholders in sovereign power, not to perpetuate sentimental lies about mass enfranchisement. Unless ownership of the state is formally transferred into the hands of its actual rulers, the neo-cameral transition will simply not take place, power will remain in the shadows, and the democratic farce will continue.

So, secondly, the ruling class must be plausibly identified. It should be noted immediately, in contradistinction to Marxist principles of social analysis, that this is not the ‘capitalist bourgeoisie’. Logically, it cannot be. The power of the business class is already clearly formalized, in monetary terms, so the identification of capital with political power is perfectly redundant. It is necessary to ask, rather, who do capitalists pay for political favors, how much these favors are potentially worth, and how the authority to grant them is distributed. This requires, with a minimum of moral irritation, that the entire social landscape of political bribery (‘lobbying’) is exactly mapped, and the administrative, legislative, judicial, media, and academic privileges accessed by such bribes are converted into fungible shares. Insofar as voters are worth bribing, there is no need to entirely exclude them from this calculation, although their portion of sovereignty will be estimated with appropriate derision. The conclusion of this exercise is the mapping of a ruling entity that is the truly dominant instance of the democratic polity. Moldbug calls it the Cathedral.

The formalization of political powers, thirdly, allows for the possibility of effective government. Once the universe of democratic corruption is converted into a (freely transferable) shareholding in gov-corp. the owners of the state can initiate rational corporate governance, beginning with the appointment of a CEO. As with any business, the interests of the state are now precisely formalized as the maximization of long-term shareholder value. There is no longer any need for residents (clients) to take any interest in politics whatsoever. In fact, to do so would be to exhibit semi-criminal proclivities. If gov-corp doesn’t deliver acceptable value for its taxes (sovereign rent), they can notify its customer service function, and if necessary take their custom elsewhere. Gov-corp would concentrate upon running an efficient, attractive, vital, clean, and secure country, of a kind that is able to draw customers. No voice, free exit.

A poor America, with no friends in the world suits Vlad Pootang very well. It will be like the world has 2 Russia’s…

He wants to use tariffs (which act like a flat-tax) to lower income tax on the rich. There’s speculation he’s also doing something like the “Mar-a-Lago Accord,” which involves devaluing the dollar (causing inflation). If wages don’t rise with the inflation (which they don’t want), US labor will be more competitive, so people can work in factory jobs with pay analogous to current Chinese factory workers.

Yup.

How much do I have to make before my tax bill goes down?

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”.

Probably got a surprise when he went to grab a ladyboy by the pussy.