- cross-posted to:
- usa@lemmy.ml
- politics@beehaw.org
- cross-posted to:
- usa@lemmy.ml
- politics@beehaw.org
cross-posted from: https://beehaw.org/post/19241243
Waving a big chart as a prop in the White House Rose Garden, Donald Trump suggested his new tariff plan was simple: “Reciprocal – that means they do it to us, and we do it to them. Very simple. Can’t get simpler than that.”
Perhaps a bit too simple. The method used to calculate the most important numbers in international trade, politics and economics has left some of the world’s leading experts shocked.
For each country, the White House looked up its trade in goods deficit for 2024, then divided that by the total value of imports. Trump, to be “kind”, said he would, however, offer a discount, so halved that figure. The calculation was even distilled into a formula.
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‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray
Way to shoot us in the crotch republiQans and eligible non-voters! You suck!
B-but muh egg prices! Also, something something okay with the economy crashing if it owns the libs.
“Make America Wealthy Again”
Tariffs don’t charge the foreign entity
American companies pay the tariffs
The “America” being made wealthy must mean the government
The same government that isn’t paying out to USAID, researchers, or anything else DOGE plugged
Less money out, more money in.
This will be remembered as the largest migration of money between classes in US history.
“[It is] quite an extraordinary calculation after months of work behind the scenes,” said Jim Reid, the global head of macro research at Deutsche Bank. “[It] didn’t add much confidence on there being an in-depth strategic implementation plan.”
lol. First of all Deutsche Bank, how are you still operating, and secondly it’s your fucking fault the demented rapist is even here (thanks to Justice Kennedy’s son). Thirdly, anyone who thinks a trump administration effort is going to have an “in-depth strategic plan” is smoking crack. (Those of you arguing ‘project 2025’ remember that came from outside the administration)
That’s what happens when you let an unqualified lunatic make decisions about things he doesn’t understand
Fuck this piece of shit.
And you made him president again not mentioning how he was even able to rise so high in power.
United Stupids of America
Hey, he used the good crayons
The only thing that surprised me about the idiotic numbers was that they weren’t overwritten by even dumber ones in sharpie.
Odd (not at all) that Russia is not included. I know that we lot do about $3.5 billion in trade with them but some places that we hit with tariffs are not even inhabited.
BREAKING NEWS! The deranged con man game show host is actually a moron. Who could possibly have predicted this?
He absolutely believes he’s a genius who has thought of this solution to our economic problems that NOBODY else has ever considered, because nobody is as smart as he is. All this talk of how wrong it is only proves to him how much smarter he is. His tariffs are so innovative, even the most intelligent economists don’t get it.
But he does, because he’s the most intelligent human to ever exist, and he is thinking way above them.
The reason the numbers are idiotic is because they don’t need to make sense. There is no point to these tariffs other than to crash the US economy so that fat cat rich scum can buy everything and create corporate feudalism.
Republicans have been confidently and fully wrong about economics for like a hundred years now dude, a republican making up economic bullshit that will hurt the American people should not be a surprise.
And 34% on Taiwan won’t help anything either
54d chess you fools
