Wait, what? From which year are those numbers?

Lol, it's real. 50 years of WTO negotiations and "Washington Consensus" foreign policy imposed on the world, killed in an instant.

>EU trade deficit 235 billions usd cool but sharts forget that the US earns twice as much through other things like like google, microsoft, intel, uber, netflix subs etc

>>25769412 dollar in trade

>>25769412 Yeah, the smart way of hitting back is a digital sales tax

.

>>25769415 Where is China on that chart?

They didn't actually calculate tariff rates + non-tariff barriers, as they say they did. Instead, for every country, they just took our trade deficit with that country and divided it by the country's exports to us. So we have a $17.9 billion trade deficit with Indonesia. Its exports to us are $28 billion. $17.9/$28 = 64%, which Trump claims is the tariff rate Indonesia charges us. What extraordinary nonsense this is.

>>25769431 Russia and Belarus are missing :3 Comrade Krasnov at it against!

>>25769437 >>25769431 https://en.wikipedia.org/wiki/List_of_countries_by_tariff_rate

>>25769366 redbull me on this whole "tariff" thing. Why does this matter

>>25769462 Read a book. Maybe Wealth of Nations by David Ricardo (1776)

>>25769468 so you dont understand shit yourself ? otherwise you would be able to explain in layman terms

>>25769415 taxing the rich? yeah fucking right the government is run by rich fucks now

>>25769475 yep the whole thing is run by rich fucks here is the social contract: live a life of servitude to anyone with money and receive barely enough to get by or die It's not really a contract when you have no bargaining power and no choice to say no

>>25769469 I had whole Uni courses on just one round of WTO negotiations, I wouldn't even know how to start with the basics.

Strapped in for a steep ride down today on the stonkercoaster

If we're buying billions in widgetstuff from Tongo then why can't the Tongan people afford to buy our custom dildos? Someone decided their currency, which they use to local goods is worth less than our almighty dollars. That someone also recieved our billions in widgetstuff payment dollars to pay the local widget miners slave wages in local currency. We'd like to see more Tongan's buy our dildos and more Americans producing domestic widgetstuff. It's complicated but here's where we start. Get used to it. Trump won.

>>25769490 Whatever currency Tonga uses, I bet it's pegged to the dollar, so it's the US Fed that "decides"

>>25769495 Better unpeg then.

>>25769497 There are only like 10 relevant currencies in the world, more wouldn't make sense.

Heard and McDonald Islands got hit with 10% tariffs... But only penguins live there

>>25769531 I reckon those Penguins will be exporting fewer seal furs. We'll need to harvest more Alaskan seals.

I'm reminded of some Roman policies instituted when they realized their women were giving away all the silver in exchange for silk.

>>25769539 Lol.

>>25769484 so its all bunch of horseshit, is what you are telling me

>>25769436 This is such a simplistic view of the world. Just divide two numbers and viola there's your tariff. This is totally within Trump's cognitive capabilities, you can tell who is the author.

>>25769486 >The Stoxx Europe 600 Index sank 1.7% to 527.63 at 9:13 a.m. in Paris, with basic material, consumer product and industrial shares falling the most. Germany’s DAX Index declined 2.4% and Sweden’s OMX Stockholm 30 Index dropped 2.6%. let's goooooo!

>>25769565 Trade and currency are the basis of the economy. I could give you a crash course over half a year for 10 000 bucks, if you want.

>>25769366 Kek, how embarrasing

>>25769544 Romans tried to ban silk for plebs and failed miserably Because no authority on Earth can stop women from thottery

What?

Btw, does Trump understand that dollar is the default currency exactly because the trade deficit? If there was no deficit then countries outside America would have no dollars? If all dollars they get from America they have to pay back to America for American products then there would be no dollars for them to have inside their countries or to pay in dollars in trade with other countries? Even if America only aimed for overall zero balance by having trade deficit with some countries and covering it with surplus export to other countries even then there would be simply not enough dollars in international circulation to run global economy.

>>25769613 Lowering dollar value is part of the plan.

Based, also you're a retarded spic and not smarter than the people working in the drufmpft administration

>>25769613 Yes, he's giving up on the dollar as world reserve currency. Petrodollar world economy is dead now after 80 years.

>>25769613 Trump and Eli Porter don’t understand our money system. I do. I read a banned book on it. Our money system only works by Jewing everyone. There is no point in it unless you’re Jewing. The problem is they wasted like 25% if not more of the total fiat budget on retard shit. That’s why it’s falling. They spent money to decrease production. Elites are retards too.

>>25769629 But there will need to be a replacement that will accept trade deficits, china doesnt want it obviously, so will that be the eu? Doubtful due to retarded political structure

fellow eurosissies, our response?

>>25769625 OP is right, moron.

I feel like America has reached a retardery singularity

>>25769646 Correct.

>>25769643 Swallow

It's fair.

>>25769632 Our economy is not structured around imports, but exports. At least Germany's. Now we could start exporting Euros instead and get a whole lot of consumption goods for free, if we're willing to de-industrialise. We'd have higher wages, but less jobs. On a side note, we definitely need Eurobonds now, otherwise Euro value will go through the roof.

>>25769654 Nobody says its unfair, its just retarded

>>25769655 Good time to inest into military and infrastructure then

>>25769366 shut the fuck up sp… wait, you're correct this tariff stunt is retarded

Bankrupting US businesses seems to be a priority of Trump. Good luck making your factories run without Euro or Chinese tech.

>>25769671 >euro tech lol, lmao

>>25769658 Yes, we'll be swamped by investment money over the next years. Good time to start any business that produces and sells locally.

>>25769671 Pretty sure the ones who will suffer are boomer retirement savings due to dollar devaluing Inflation will keep companies running just fine

How do these tariffs work exactly? want lower tariffs in USA? simply buy more american stuff.

>>25769645 So this is the power of pajeets in government

>>25769693 Lutnick aint a jeet

>>25769682 You buy a dinner or lunch with King Donald at Mar-A-Lago for 5 million dollars. Then you make a deal for your company to get tariff-release for a smol donation to the Trump campaign.

>>25769694 I bet it was a pajeet who wrote that formula though

>>25769698 Im 99,5% sure it was done by chatgpt.

Wait a sec, Israel is on the list and Russia isn't?

>>25769703 Why would they tariff an embargoed country?

>>25769703 unlike the EU, USA has trade sanctions on russia.

They asked Grok to make the tariffs

Your Airbus A350 price just went from $320 million to $384 million.

>EU make money on US exports <US doesn't make money on EU exports What is le problem? Obviously, there's a disbalance here, even though it's unintentional (EU has a VAT system, US does not)

>>25769712 Flying Boeing is safer and more fun anyway!

>>25769716 Vat is applied to domestic goods too retardo, so there is no comparative advantage, its a consumption tax Usa can implement consumption tax any moment they want

>>25769510 imagine being less relevant than dollarydoos

>>25769721 That's not my point. I know that VAT applies to ALL transactions, so the ones within the EU as well. That's not the 'disbalance' here. The disbalance is that US exports boost the finances of EU governments, whereas EU exports don't boost the finances of the US government

Why couldn't Trump hire someone to do proper research or trade policy background work? Is his administration really that incompetent? Seems like they phoned this shit in lmao

>>25769724 As i said this is internal usa taxation issue, how is that relevant to discriminatory tarrifs

>>25769726 They are trying to devalue dollar to discharge some of the government debt(also supposedly next step is to invite largest foreign debt holders to maralago and extort debt restructuring in exchange of tarriff easement)

>>25769727 >internal usa taxation issue You call it an 'issue', but it's simply the system that they have chosen, and it has adverse / unfair interactions with other taxation systems. They don't want to implement a VAT-system and they should not be forced to do so. They don't call it a 'discriminatory tariff', because (in the cause of the EU, at least) there's no discrimination -- they call it a 'reciprocal tariff'. EU governments profit from international trade with the US, so why shouldn't the US government profit from international trade with the EU?

>>25769703 No tariff on North Korea too.

>>25769738 >make choices >dont like consequences >demand other change how they act to work around your choices Lol did they buy into rt globalschlomo narrative or what?

>>25769703 I think they forgot Burkina Faso exists

>>25769738 EU doesn't have 39% VAT retard, they already abandoned the cope explanation you're still parroting

Why are you so smelly

>>25769750 >EU doesn't have 39% VAT retard, It's around 20% for imported goods (depending on your country) and the rest is mostly from import duties (literal unilateral tariffs).

Smelly and illegal

Libs status?

>>25769613 Give them dollars in form of credit, export inflation to elsewhere.

>>25769729 lol imagine thinking this is part of a PLAN... they're crashing the us economy so the 1% can feast on its corpse

Alright, so I did the math for what tariffs EU countries would get if they were treated individually: Cyprus: 10% Slovenia: 10% Greece: 10% Latvia: 10% Netherlands: 10% Portugal: 10% Luxembourg: 10% Czechia: 10% Denmark: 10% Spain: 10% Poland: 10% Malta: 10% Sweden: 10% Croatia: 10% France: 10% Belgium: 10% Lithuania: 10% Estonia: 28% Germany: 29% Bulgaria: 31% Finland: 32% Hungary: 34% Austria: 35% Ireland: 35% Slovakia: 41% Romania: 43%

>>25769868 Italy 30%

>>25769396 That is literaly the best known way of computing fair tariffs. Midwits are very dumb and think everything is absurdly complex because they can't comprehend, so if you come with an over elaborate "solution" that is incredibly retarded they will think you are a genius or something.

>>25769594 all im hearing from you is how you want to sell a book about selling books

>>25769738 government should never be a business itself in the end corps still pay 0 taxes via plotholes and citizens now pay 2x more for eggs. grape

>>25769868 10% countries need to be compensated by germany

>>25769879 It's an okay way to do it if you have no idea what you're doing and only have 5 minutes to decide on it. it's a terrible way to run a country.

>>25769879 define 'fair', because even in a completely free world trade scenario there are going to be country pairs that have imbalances due to comparative advantages

>>25769887 2 poor shitholes with half the income of americans, China has even a much less. If tariffs are so bad for America and will only destroy them and make Europe rich why do you get so mad at it? I am sure companies when faced with the decision of having to change or not their facilities to America will pick to remain in Europe because they love absurd huge taxes, lower capacity workers and being subject anytime to have to pay a fee or change their product because some green hair 40 year old woman decided she saw the company is ebil billionaire natsi and must pay for it. Germany have disabled their nuclear power plants because congresswomen saw too much Russia sponsored movies about how sad Chernobyl was, cried a lot and went to absurdly increase the price of energy in a huge country. Europe is over.

>>25769706 Don't even try making sense of this bullshit.

I get the feeling everyone is going to be a pussy and not retaliate specially the Euro cucks.

>>25769907 You do know you sit in the worst glass house here? What are the prices for electronics on the brazil again?

EU could just buy a bunch of tanks and F-35 from USA and get 10% rate,

>>25769895 Nah, common market. The funniest part is that Germany's biggest single US export, pharmaceuticals, is exempted. So we're basically getting a competitive advantage inside the EU for free, on the back of the countries that have trade deficits with the US. The car tariffs thing is actually the more damaging for us.

>>25769917 Electronics prices in monkeyland are high because of domestic taxes, as well as all industrialized goods. During the military regime it was so absurdly high that we had to make our own copies or foreign technology which was a bunch of crap. Brazil being a shithole does not change anything. Well, if you think your shithole is even comparable to Brazil it probably means it truly is closer to Brazil than to America. You know in poor countries we consume vastly more chinese electronics than american ones, right? My cellphone is chinese.

>>25769934 > My cellphone is chinese. his is too, they're not called europoors for nothing.

>>25769934 You're responding to a bunch of stuff I didn't say but go off I guess

>>25769945 I pointed out that I am not sitting on the worst glass house, we do not consume american electronics, even today most sold laptops come with unnameable chinese proccessors, motherboards, etc. Our price is high because of domestic factors. Also, if tariffs will be so bad to monkeyland, why did you post an image representing America bleeding itself with other shitholes with smug face? Wasn't their tariffs supposed to hurt only themselves? Why should I be worried about my country being tariffed if it was supposed to only hurt americans? Why you don't just admit tariffs applied will completely wreck the european economy, move all industry to America and that you are afraid of this happening, suggest some negotiation between EU and Trump instead of coping.

Funny how some people still think Trump is this business genius when in reality he might be one of the dumbest motherfuckers ever being in charge of macro economic decisions.

>>25769963 Well the US economy is going to bear the brunt of it because they're the ones being restructured. We're going to feel it but ultimately it's not all of the world that has declared tariffs on us, only the US.

Welcome Mexico and Canada as new members of the European Union!

>>25770002 lol imagine schengen with mexico xD

>>25770024 Cut off heads for everyone

>>25769468 >the idiot who came up with comparative advantage Yeah no, I think I skip reading that garbage.

>>25769436 You have to go back

>>25770024 USA pretty much has it (unofficially)

>>25769674 dunno why anglo keep whimpering about these. it's useful techno

Why is Trump crashing the markets on his illegal Signal groups