this post was submitted on 30 Nov 2024
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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)
submitted 2 months ago by [email protected] to c/[email protected]
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His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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[–] halcyoncmdr 42 points 2 months ago (3 children)

Trump 110% still believes that other countries pay these tariffs.

[–] UnderpantsWeevil 27 points 2 months ago* (last edited 2 months ago) (1 children)

He believes they can't raise their own tariffs in turn. That's the real danger here. Not Americans paying double for some knock off plastic widget on Temu, but American exporters running into an equivalent tariff wall trying to import cars and computers and pork shoulders into China.

He's taking a guillotine to American global logistics

[–] [email protected] 4 points 2 months ago

And when it crashes it will be the Deep State's fault.

[–] [email protected] 3 points 2 months ago

More like he DGAF.:-P

[–] I_Miss_Daniel 1 points 2 months ago (1 children)

I'm not so sure.

It's free money for the government isn't it? If he's all about greed or grift, then isn't it the more the merrier?

Disclaimer: I'm not from USA, I'm watching from the other side of the world.

[–] [email protected] 3 points 2 months ago

Raising the income tax to 100% might also give you a brief surge of revenue before people start starving and then burning things.