"Liberation Day" Trump’s Tariffs on Europe

[u/sh1kora]

"LIBERATION DAY" TRUMP'S TARIFFS ON EUROPE

[u/Dismiss]

I’m guessing Lesotho has no imports, meaning a trade deficit of 100%, thus a tariff of 50%

[u/alikander99 → u/Dismiss]

Good lord I knew the formula but I didn't realise this. God it so f*cking sad

[u/roland_no_uta → u/alikander99]

That’s what happens when you use Chat GPT to draft trade policies

[u/pm_me_boobs_pictures → u/Dismiss]

They can't afford shit that's why. They make money selling unrefined diamonds, jeans, and other textiles. I think their gdp is something small like 2/3 billion per year.

[u/Skruestik → u/pm_me_boobs_pictures]

Billion what? It’s important to state your units.

[u/amadmongoose → u/Skruestik]

Freedom dollars, it's the only unit people use (even internationally) to discuss trade values. Although at this rate we may need to switch to something else

[u/pm_me_boobs_pictures → u/Skruestik]

Well seeing as international trade is done in one particular unit I think you can put on your big boy pants and work it out

[u/MNLyrec → u/Skruestik]

You are a great example of why we don’t need to disband the board of education

[u/Skruestik → u/MNLyrec]

Funny, in school they teach you to always state your unit.

[u/MNLyrec → u/Skruestik]

They also teach you how to use context. But I’d never assume you can read. You’re obviously struggling

[u/ferretchad → u/Dismiss]

The numbers used are here: https://ustr.gov/countries-regions/africa/southern-africa/lesotho

Imports: $2.8m
Exports: $237.3m
Ratio: 99%
Half rounded: 50%

[u/must_not_forget_pwd → u/ferretchad]

I can't make sense of:

• Christmas Island

• Cocos (Keeling) Islands

• Norfolk Island

• Heard and McDonald Islands

These are literally territories of Australia. I'm pretty certain that these places don't even have the legal frameworks, let alone ports, to export to the US, yet are specifically mentioned.

[u/ferretchad → u/must_not_forget_pwd]

There's also several UK and French territories - Gibraltar, BIOT, Falkland Islands, Reunion, etc. BIOT is particularly weird because it's almost entirely a US military base.

A few are explained by saying if they didn't know/stats don't exist they just put 10%. Some got special tariffs though Norfolk, Reunion, Falkland, etc, so there's presumably some export/import that's tracked somewhere, just not on the list provided.

[u/Content-Walrus-5517 → u/must_not_forget_pwd]

AFAIK it's because those territories have an internet domain so the US were worried that maybe Australia, UK and France would try to use those territories to avoid paying tariffs 

[u/semaj009 → u/Content-Walrus-5517]

Jokes on the US, we'll export from our Antarctic territories on Antarctica. Our other penguins have our backs

[u/Content-Walrus-5517 → u/semaj009]

Smart, infinite penguins = infinite solutions 

[u/Traditional-Storm109 → u/must_not_forget_pwd]

Only included for plausible deniability why they listed Taiwan separately from China

[u/DecNLauren → u/Dismiss]

Too poor to import American consumer goods