this post was submitted on 03 Feb 2025
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politics

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Summary

Trump’s new tariffs on Canada, Mexico, and China sparked backlash from business groups, economists, and some Republicans, who warn of rising prices and economic disruption.

The tariffs—25% on Canadian and Mexican imports and 10% on Chinese goods—prompted retaliatory measures from Canada and Mexico.

Critics, including the US Chamber of Commerce, call them a tax on American consumers. Economists estimate a $200 billion hit to the US economy, with inflation rising.

Trump defended the move, even suggesting Canada should become the US’s “51st state.”

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[–] zachimusprime44@lemmy.world 78 points 5 months ago (4 children)

man, if only we didn't elect this guy and instead elected the better alternative that was available at the time.

[–] Clent@lemmy.dbzer0.com 18 points 5 months ago (4 children)

But genocide Joe!

Weird. I could feel my brain starting to unwrinkle after typing that.

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[–] Zero22xx@lemmy.blahaj.zone 15 points 5 months ago (1 children)

Yeah but she was a "female". Ew, cooties. And Joe Rogan the alpha instructed all of his alpha followers to vote Trump, so they did the alpha thing and obeyed him without making their own informed decisions. And did I mention she's a feemale? I ain't gonna vote for no woke DEI feminist illuminati agenda.

(/s just in case)

[–] Thebeardedsinglemalt@lemmy.world 5 points 5 months ago

Not just feeemale, but minority biracial childless cat lady feeemale

[–] CharlesDarwin@lemmy.world 10 points 5 months ago

I was told by so many people she would have been just as bad because something something capitalism neoliberal status quo centrists.

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[–] Treczoks@lemmy.world 33 points 5 months ago (4 children)

They had known before the election what he was planning. So how come they are complaining now instead of preventing him before?

[–] TacoSocks@infosec.pub 10 points 5 months ago

They want everything else he is cooking, they think they can control him in this one issue.

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[–] Sabre363@sh.itjust.works 27 points 5 months ago
[–] Drusas@fedia.io 25 points 5 months ago (2 children)

The fuck did they think was going to happen?

[–] JeeBaiChow@lemmy.world 28 points 5 months ago (1 children)

Collapse the country so he and his buddies can make a killing, no doubt.

[–] prototypez9er@lemmynsfw.com 8 points 5 months ago (2 children)

They would make more money by operating as normal. Collapsing the stock market is going to make it worse for them.

[–] empireOfLove2@lemmy.dbzer0.com 14 points 5 months ago (2 children)

Not on the long run, and not by the rules they're playing by now.

Top 10 richest men in America doubled their total wealth during the COVID downturn. From 750bn to 1.5tn. DOUBLED IN TWO YEARS.

Market collapses allow those with the most current assets buy up everyone else's assets at fire sale prices, and raid the government coffers for "bail out" money. They want that scenario to repeat, only now with a much, much deeper, country-wide drop than the temporary Covid bump.

[–] pennomi@lemmy.world 5 points 5 months ago

It only works if America recovers in his lifetime, of course.

[–] confusedbytheBasics@lemmy.world 4 points 5 months ago (1 children)

How does doubling wealth matter if the systems that give their wealth any value crumble?

[–] empireOfLove2@lemmy.dbzer0.com 3 points 5 months ago (1 children)

"Wealth" as described in terms of US dollars is just an imaginary accounting measure. And it hasn't really "meant" anything since the death of Bretton-Woods and the removal of the gold standard.

That wealth the richest hold is assets. Physical things. Control of physical things. Control of entire populations and their ability to survive.

The fed could change the accounting to Bitcoin tomorrow and would not change the fact that those top 10 richest men control a vast majority of our nation. But that's not enough, no, they want to control all of it.

[–] confusedbytheBasics@lemmy.world 2 points 4 months ago

If the nation crumbles what do they have control over? If all the systems fail even the resources they hoard within a few miles of themselves and their guards are at risk.

[–] JeeBaiChow@lemmy.world 7 points 5 months ago

These are the guys who thought tariffs and alienating a good chunk of the population were a great idea. They're not in it for the long run, only the 4-year cash grab.

[–] justhach@lemmy.world 8 points 5 months ago (1 children)

This is the result of a mind that has been fed the myth of "American Exceptionalism" since day one and has never had to suffer the consequences of his actions.

[–] forrgott@lemm.ee 3 points 5 months ago

Eh, didn't he piss off American banks so bad he went to Russia for continued financing for his ~~business deals~~ uninterrupted largesse?

Besides, his father was first generation citizen, his mother was an immigrant. So, no, that's got nothing to do with his motivation here. It fits, however, with getting his ~~loyal supporters~~ dupes to keep supporting him.

[–] AlecSadler@sh.itjust.works 25 points 5 months ago (1 children)

In the end, corporations that suck Trump's dick will get exemptions, those who don't won't. It'll increase wealth disparity and crush small business / competition.

The suffering is the point.

[–] Thebeardedsinglemalt@lemmy.world 5 points 5 months ago

And yet my uncle, who started at the very bottom of a family run small business and is now near the top, outright said the orange turd is good for small business.

Of course, the dude is at retirement age, and works "part time" with a company truck making his full 6-figure salary while recently signing up for Medicare part B to pay for a knee operation.

[–] __nobodynowhere@sh.itjust.works 13 points 5 months ago
[–] Coreidan@lemmy.world 13 points 5 months ago

The point is to crash the economy.

Things will not get better until this economy is buried 6 feet under. Letting it ride out like the previous admin did won’t fix anything.

[–] Pofski@lemmy.world 9 points 5 months ago

I was going to say to have your cake and eat it, but with the price of eggs over there I'm not really sure they could.

[–] jackanoodle@sh.itjust.works 8 points 5 months ago (1 children)

Not because this is are against fascism, just because Trump is hurting and not online. Don’t take this resistance as anything other than these incredibly shitty companies continuing to be incredibly shitty to protect their self interest interest.

They’re not fighting for you or me, they’re fighting for themselves. That makes them just as horrible as if they had agreed to it. They deserve zero credit.

[–] confusedbytheBasics@lemmy.world 1 points 5 months ago

The enemy of my enemy something something...

[–] partial_accumen@lemmy.world 4 points 5 months ago (2 children)

Its crazy days right now and something crazy just occurred to me.

(conspiracy theory) We all know trump isn't smart enough to come up with any of this on his own and is just following instructions of people close to him who convince him that he's a big boy by putting all these tariffs in place. Is it possible his cronies are intentionally giving him bad advice putting all these tariffs in place alientating him from his opponents and allies alike so they can use the 25th Amendment to declare trump incompetent putting Vance in charge for 4 years? (/conspiracy theory)

[–] forrgott@lemm.ee 7 points 5 months ago (11 children)

It's far simpler that his handlers are foreign and actors who want the nation destroyed so they can chop it up and auction off the pieces. That motive fits.

His new inner circle are not his handlers; they are new recruits who want to be first in line to buy up the pieces. A billionaire is not a patriot. They don't give two fucks about society - that's why they're billionaires.

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[–] notfromhere@lemmy.ml 4 points 5 months ago (1 children)

To what end? If what you say is true they should have everything they want with Trump?

[–] partial_accumen@lemmy.world 2 points 5 months ago

Two problems with trump from his handler's perspective.

  1. Sometimes he goes "off script". (injecting bleach really?!) (Sharpie adding a fake hurricane landing path on a nationally televised alert REALLY?!)
  2. He's malleable by his ego. trump used to be easily in Bannon's pocket, now Musk has his ear (and the power that comes along with it). Lots of folks worked hard to get trump in power for their own means. I imagine many are not happy that Musk is using them to get his own way and line his own pockets.

I'm not seriously considering this is true, by the way. Its just a manufactured idea that could fit the puzzle we have today.

[–] Whats_your_reasoning@lemmy.world 2 points 5 months ago
[–] Yeller_king@reddthat.com 1 points 5 months ago

That was the main policy he ran on. So...

[–] PagPag@lemmy.world 1 points 5 months ago
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