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blobjim [he/him]@hexbear.net to news@hexbear.netEnglish · 3 months ago

TeleSUR English: U.S. president threatens BRICS countries with the imposition of 100% tariffs

www.youtube.com

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TeleSUR English: U.S. president threatens BRICS countries with the imposition of 100% tariffs

www.youtube.com

blobjim [he/him]@hexbear.net to news@hexbear.netEnglish · 3 months ago
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Also see Russia dismisses Trump’s threats on BRICS and dollar sanctions

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  • Terrarium [none/use name]@hexbear.net
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    3 months ago

    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?

    • comrade_pibb [comrade/them]@hexbear.net
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      3 months ago

      I bet 101% percent that’s what happened

      • Terrarium [none/use name]@hexbear.net
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        3 months ago

        ONE.

        THOUSAND.

        PERCENT.

        • PeeOnYou [he/him]@lemmygrad.ml
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          3 months ago

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

        • DancingBear@midwest.social
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          3 months ago

          He should just tariff all foreign goods -100% and then gas can be free again

    • edge [he/him]@hexbear.net
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      3 months ago

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

  • freagle@lemmygrad.ml
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    3 months 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

  • Lerios [hy/hym]@hexbear.net
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    3 months ago

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

  • lemmyseizethemeans@lemmygrad.ml
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    3 months ago

    Dooo it lol dot gif

    • blobjim [he/him]@hexbear.netOP
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      3 months ago

      nicholson-yes

  • keepcarrot [she/her]@hexbear.net
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    3 months ago

    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
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      3 months ago

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

    • blobjim [he/him]@hexbear.netOP
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      3 months ago

      I guess there are other tarrifs on China that are still in place. Like stink brought up. So “10%” doesn’t tell the whole story.

  • ReadMoreBooks@lemmy.zip
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    3 months ago

    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?

    • KatGirl [pup/pup's, pup/pup's]@hexbear.net
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      3 months 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

    • Xavienth@lemmygrad.ml
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      3 months 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.

    • blobjim [he/him]@hexbear.netOP
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      3 months ago

      I mean I think the tarrifs are a ruling-class or at least government consensus where they get to put the blame on Trump. I think this actually is the long-term planning “national security” effort to onshore stuff before “China wins”. You can find those articles that occasionally come out about finding alternative sources for various natural resources like rare earth metals or whatever.

      • ReadMoreBooks@lemmy.zip
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        3 months ago

        That’s not profitable.

  • Jacobo_Villa_Lobos [he/him]@hexbear.net
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    3 months 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

  • JustSo [she/her, any]@hexbear.net
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    3 months ago

    Hahahaha.

    Okay little guy.

  • HexReplyBot [none/use name]@hexbear.netB
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    3 months ago

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

    Link 1:

    • yewtu.be
    • inv.nadeko.net
    • yt.artemislena.eu
    • piped.video

    Link 2:

    • yewtu.be
    • inv.nadeko.net
    • yt.artemislena.eu
    • piped.video
  • ☂️-@lemmy.ml
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    3 months ago

    pls go ahead.

    tax yourself into irrelevancy.

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