this post was submitted on 05 Mar 2025
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Donald Trump just imposed a 25 percent tariff on virtually all goods produced by America’s two largest trading partners — Canada and Mexico. He simultaneously established a 20 percent across-the-board tariff on Chinese goods.

As a result, America’s average tariff level is now higher than at any time since the 1940s.

Meanwhile, China and Canada immediately retaliated against Trump’s duties, with the former imposing a 15 percent tariff on American agricultural products and the latter putting a 25 percent tariff on $30 billion of US goods. Mexico has vowed to mount retaliatory tariffs of its own.

This trade war could have far-reaching consequences. Trump’s tariffs have already triggered a stock market sell-off and cooling of manufacturing activity. And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year, as the prices of myriad goods rise.

All this raises the question: Why has the US president chosen to upend trade relations on the North American continent? The stakes of this question are high, since it could determine how long Trump’s massive tariffs remain in effect. Unfortunately, the president himself does not seem to know the answer.

In recent weeks, Trump has provided five different — and contradictory — justifications for his tariffs on Mexico and Canada...

...more in the article.

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[–] [email protected] 5 points 9 hours ago

Also Trump: Has anyone seen my tan spray? Sir, you left it in the fridge again. Here. That's not it, that's barbecue sauce!

[–] [email protected] 25 points 14 hours ago

Because his only job now is to sign any papers handed to him by his posse of self enriching gremlins. He doesn't need anyone's vote anymore, he doesn't need anyone's money (except if it starts with a B) and doesn't care anymore because he will likely die in office. If he signs horrible shit billionaires around him want, then he gets to coast as president, no thinking involved. This is what he is doing.

[–] blazeknave 9 points 12 hours ago (2 children)

I don't get the $1200 #... If every component of my purchase goods is 25% higher to the manuf passed to me, shouldn't it be 25% of my annual spend?

[–] [email protected] 12 points 12 hours ago (1 children)

Not every good is imported. Not every country has tariffs leveed against it.

[–] [email protected] 1 points 7 hours ago

They are tariffing imported raw materials as well, like aluminum and steel.

[–] [email protected] 9 points 11 hours ago (2 children)

25% on top of the old price, for goods not produced domestically. Assuming that's all of them, that'd be 25% of your spend going towards products (Services are part of your spend, but don't get tariffed), indeed. But some things get produced in the US, so I imagine they factored that in there. For the average household, this seems to amount to about $1200/a

[–] [email protected] 10 points 11 hours ago

Not arguing with you, just want to point out 25% is the new tax but that doesn’t mean the price is only going up 25%.

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[–] [email protected] 16 points 14 hours ago (1 children)

Market manipulation .... upset the system .. make it dive ... buy cheap ... sell them high

Keep doing this for the next four years until you become king of the world!

[–] [email protected] 6 points 14 hours ago (2 children)

Stocks have gone up though. I don't understand it

[–] Hobbes_Dent 1 points 6 hours ago

Because hundreds of millions of people believe him and corporations bow to him and expect favour.

[–] [email protected] 11 points 13 hours ago

Because Trump is going to buckle on the tariffs. He will come up with some reason they aren't needed, or they're severely reduced, and he pretends he's the hero in the story.

The MAGA will lick his anus and everyone else will be like "Dafuq old man?"

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