alt Hacker NewsUS Administration announces 34% tariffs on China, 20% on EU
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I'm taking bets, do you think the tariffs will:
1. be rescinded/paused in [0,2) days;
2. be rescinded/paused in [2,4) days;
3. be rescinded/paused in [4,7] days;
4. not be rescinded/paused.
I guess I didn’t want to buy any new tech anyways.
Thanks Tim Apple.
25% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam
What a massive and moronic blow to our soft power.
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This historical period will be remembered by being a cause for legislation to introduce strict testing for mental illness in government positions. Ask any psychologist and it’s clear what it is, but they won’t say it publicly because of Goldwater “rule”. fact is they have the most dangerous and destructive mental illness known, and they captured the power exactly because of their disorderly mindset. Yet for months and years everyone is observing and discussing what people with a serious mental illness are doing when they are given highest post in power and unlimited money.
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Why haven't we questioned the asymmetric high tariffs imposed by the EU on America for decades?
The EU imposed a 10% tariff on US cars for decades while the US only imposed 2.5% on the EU. And this happened while the EU exerted a significant trade surplus against the US on automobiles.
I don't advocate trade wars, but I can understand the case for some rebalancing, given the historic context. Hopefully Trump will only use tariffs as a negotiating tool, and they will soon be lifted. He's a dealmaker.
can't wait to read all the bad HN takes on this one
If we could manage the country using HN experts, we'd be incredibly prosperous. People here know so much more than the actual professionals in the government.
Only a few people pointed out the obvious. Trump aims to bring everyone to table to renegotiate global commerce. Every country's economic strategy today is to have positive trade with the US and that is unsustainable.
A risky tactic, but refreshing after decades of the old tired policies that brought us the collapse of parts of US manufacturing and so much pain during COVID due to a complete dependence on foreign suppliers for... Well, everything.
I don't know if this will work. But I know what we had before wasn't working. We'll see.
I understand the "and 10% on everyone else" part of the tariffs.
Do you think the media is too dumb to understand that, or are they just playing games when they point out a 10% tariff in someone who does not export to the US?
The next phase is likely geopolitical. Countries will begin negotiating directly with the U.S. administration to secure exemptions or reductions in tariffs. In effect, it’s the formation of a new American sphere of influence / empire.
Current EU tariffs on US goods...
Product Category Tariff Rate
----------------------------- --------------
Dairy Products (e.g., cheese, butter) Up to 50%
Processed Foods (e.g., chocolate, confectionery) 30-40%
Alcoholic Beverages (e.g., whiskey, bourbon) 25%
Steel and Aluminum Products 25%
Automobiles 10%
Industrial Goods 5-10%This breakthrough in nuclear fusion energy is a significant milestone, but it's important to remember that practical, commercial-scale fusion power is still likely decades away. Nonetheless, this achievement validates the massive investments and brings us one step closer to a potentially transformative carbon-free energy source.
I'm surprised by how many concerns there are here related to how the tariff amounts were calculated.
It seems like they used a pretty simple algorithm to do it. Isn't that a good thing? Countries were treated the same and the tariff was decided primarily by the trade imbalance (with a minimum of 10%). Would we rather them use a combination of completely incomprehensible calculations and backroom deals?
Its open season for debating whether tariffs will work, or even what the underlying motivations are. Attacking the use of a simple algorithm across the board just feels lazy and either emotionally or politically charged.
If Paul Graham is calling out conservatives for being driven stuff other than data, then you know people are losing it lol.
Usually on here you see a bunch of apologia for when republicans do inane economic policy and I am not seeing that bs on here for once...
Guess Trump really wasn't the crypto, AI, chips, wtv you wanna say president lmao. But nah all the naysayers just had TDS.
Guess Wall St and others are going to have to re-learn that sound policy beats vibes.