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I hope the EU reacts with something non-tariffy. Like forbidding US online platforms to serve ads and collect personal data, with severe punishments if they still do.

I saw someone say it seems that the tariffs were calculated by dividing our trade deficit by their exports to us and cutting that number in half. Another person analyzed his charts and concluded they look a lot like they were generated by AI.

So, there is, literally no basis in logic. Either one of Trump's minions calculated what it would take to recoup the difference in the trade deficit and just wrote it down and he announced that as the new basis for international trade, which has never, ever been done, for the reason that it is fucking idiotic, or he asked Gemini how to execute his already objectively stupid policy and wrote an Executive Order making it the law.

And the fact that we are forced to accept people on the Internet's guesses about how he calculated these numbers may actually be worse than the fact that just about every product on the market more complex than a stapler just jumped about 30% in price.

No basis in logic if he were actually trying to do what he says he is. He's not. They make perfect sense if the goal is to destabilize the country. We elected a fucking Manchurian candidate twice, and the in-between term was spent on a bunch of business as usual and not setting up protections in case it happened again. This country is fucking done.

I don't buy that Trump has anything to do with the logic behind this world-destabalizing shock and awe spectacle.

The conversation would be different if people stopped attributing authorship to him and acknowledged the massive decades-old machine using him as a mouthpiece.

But it sure makes people feel smart though. Gives them something to meme about while the people who planned this get the real dirt done. Maybe he'll misspell a country name next... Do another ad for Leon's dinkeys, Israeli beans or something. Stoopid Donald got poopy pance. lol.

Gold has held up well with new all time highs. You really can't challenge the classic.

They’re AI generated tariffs. He asked Grok and these are the numbers it spat out.

what an absolute bafoon. so devoid of thoughts

Shortly after Trump’s announcement, the British government said the United States remains the U.K.’s “closest ally.”

I'm sorry TERF island, that's not gonna keep Trump from stabbing you in the back too.

If I was Prime Minister, I'd impose a retaliatory tariff of 9000% just because it's all just this stupid.
Call it the Goku tariffs, but drag it out over an hour or two with a lot of screaming.

no tariffs on russia, only sanctions?

1. Order tariffs
2. Make everything more expensive for everyone everywhere
3. Piss off the entire world and invite countermeasures
4. ??????????????
5. MAGA

So 100% on brand for Trump and America in general

All the goods that Trump excempts from tarrifs is tipping his hand. If I were one of these countries like Taiwan where semiconductors are exempted, I would apply an export duty equal to the tarrif on other goods. If you want to tarrif me fine but you're going to have to commit.

"No basis in logic"

No shit, this whole administration has no basis in logic. Just look at Project 2025 and the progress they've made on it in a little over 2 months.

Putting tariffs on Norfolk Island and Heard and McDonald Islands are particularly funny considering Heard and McDonald Islands only has penguins living there lol.

and the price of bitcoin dropped 4.4%.

I cannot express how much I hate that this appears in a serious economic article.

The "Empires last 250 years" thing is bad history and not really supported by fact...but...

Art of the deal, folks

What about Israel? Aren't they sucking you dry? Perhaps add some tariffs there?