this post was submitted on 02 Feb 2025
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[–] umbrella@lemmy.ml 2 points 3 hours ago

pls go ahead.

tax yourself into irrelevancy.

[–] JustSo@hexbear.net 5 points 6 hours ago

Hahahaha.

Okay little guy.

[–] Jacobo_Villa_Lobos@hexbear.net 7 points 8 hours ago

And what happens when all of the generic medicines from India are slapped with a 100% tariff? That’s 40-50% of all generic meds in the US

[–] ReadMoreBooks@lemmy.zip 11 points 11 hours ago (2 children)

I think I've wrapped my head around it.

Trump is stupid but also a puppet. The mandate of capitalism is eternal economic growth. Tariffs force greater consumption of domestic products. This maximizes gains evaluated in scope of a 4 year cash grab.

Is it really this simple?

[–] Xavienth@lemmygrad.ml 0 points 1 hour ago

All the biggest capitalists, the ones that can swing their dicks around in politics, have factories in China. They get money regardless of where their products are manufactured.

[–] KatGirl@hexbear.net 2 points 4 hours ago

Pretty much yeah. Capitalists always would rather get short term profit than long term profit. While the wealthy might get more money now from the tarrifs, since most of the us industry was shipped overseas its going to hurt the wealthy's bottom line very quickly. Its not just the normaal push for short term profit, its an extra desperate push as a last ditch effort

[–] Terrarium@hexbear.net 45 points 22 hours ago (2 children)

How much do you want to bet that 100% was chosen because it sounds like "maximum possibke tariff" even though that isn't what it means?

[–] edge@hexbear.net 5 points 6 hours ago

He seems to think tariffs are a tax on the seller, so 100% would mean they make no money.

[–] comrade_pibb@hexbear.net 26 points 21 hours ago (1 children)

I bet 101% percent that's what happened

[–] Terrarium@hexbear.net 16 points 20 hours ago (1 children)
[–] PoY@lemmygrad.ml 4 points 8 hours ago

100 is the highest number, forget about it :mrshow:

[–] Lerios@hexbear.net 33 points 21 hours ago

we have entered the 'scream if you want to go faster' stage of accelerationism lets-fucking-go amerikkka

[–] freagle@lemmygrad.ml 34 points 23 hours ago

That's a lot of countries, buddy. You're gonna do exactly what the grad has been asking for - sanctioning yourself out of the international economy

[–] keepcarrot@hexbear.net 14 points 21 hours ago (1 children)

Didn't he already do this towards China specifically and then tarriff China less than neighbouring countries (one of which is a major US military ally)?

[–] stink@lemmygrad.ml 6 points 9 hours ago

Yes, and Biden set EV + solar panel tariffs at like 150% from china

[–] lemmyseizethemeans@lemmygrad.ml 14 points 21 hours ago

Dooo it lol dot gif

[–] HexReplyBot@hexbear.net 5 points 1 day ago

I found YouTube links in your post. Here are links to the same videos on alternative frontends that protect your privacy:

Link 1:

Link 2: