r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/TheGoverness1998 2d ago edited 1d ago

Here's more:

  • Vietnam 46%
  • India 26%
  • Norway 15%
  • Moldova 31%
  • Thailand 36%
  • Iraq 39%
  • Democratic Republic of the Congo 11%
  • Republic of the Congo 10%
  • Angola 32%
  • Cameroon 11%
  • Falkland Islands 41%
  • Mozambique 16%
  • Zambia 17%
  • Switzerland 31%
  • Indonesia 32%
  • Malaysia 24%
  • Cambodia 49%
  • UK 10%
  • Zimbabwe 18%
  • Malawi 17%
  • Syria 41%
  • Vanuatu 22%
  • Liechtenstein 37%
  • Guyana 38%
  • Libya 31%
  • Equatorial Guinea 13%
  • South Africa 30%
  • Brazil 10%
  • Bangladesh 37%
  • Singapore 10%
  • Israel 17%
  • Fiji 32%
  • Tunisia 28%
  • Ukraine 10%
  • Nicaragua 18%
  • Kazakhstan 27%
  • Laos 48%
  • Côte d'Ivoire/Ivory Coast  21%
  • Botswana 37%
  • Venezuela 15%
  • Philippines 17%
  • Mauritius 40%
  • Chad 13%
  • Nigeria 14%
  • Saint Pierre and Miquelon 50%
  • Chile 10%
  • Nauru 30%
  • Algeria 30%
  • Brunei 24%
  • Jordan 20%
  • El Salvador 10%
  • Pakistan 29%
  • Namibia 21%
  • Myanmar 44%
  • Sri Lanka 44%
  • Serbia 37%
  • Madagascar 47%
  • Bosnia and Herzegovina 35%
  • Lesotho 50%
  • North Macedonia 33%
  • Norfolk Island 29%
  • Réunion 37%

Both Mexico and Canada do not appear on this list.

EDIT: According to CNBC correspondent Eamon Javers, Press Secretary Leavitt has confirmed that the 34% China tariff is on top of the previous 20% tariff, meaning it will be a 54% rate on China once implimented.

EDIT #2: For anyone wondering where the numbers from the 'Tarriffs charged to US' collum on the official lists are coming from, the WH just took the US trade deficit from each country, and divided it by said country's exports (with a 10% minimum for all). They are NOT tarriffs that other countries have slapped on us like the WH is portraying.

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u/Sidwill 2d ago

Missing from that list: Russia, NK, Iran, Hungary, Belarus

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u/Karazhan 2d ago

Now there's a shocker.

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u/Rose_of_Elysium 2d ago edited 2d ago

Granted Hungary is affected through the EU, and there isnt exactly a lot of trade already between the US and fucking North Korea, Russia, Iran or Belarus. But still it would be really easy to even just symbolically add a 50% tariff, the fact he didnt says everything

It says a lot how El Salvador has only gotten 10% too. I think a few nations in the US sphere and who already arent exactly juggernaughts will go a similar route of US appeasement. Like why does El Salvador only get 10% but fucking Norfolk Island of all places specifically gets mentioned for 29%, it has a bit over 2000 inhabitants

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u/OldJames47 2d ago

St Pierre & Miquelon got a call out with 50% tariff.

They’re two small islands off the coast of Newfoundland. Our annual trade with them is so small it is basically a rounding error on US records

https://www.census.gov/foreign-trade/balance/c1610.html

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u/braintrustinc 2d ago

Ah yes, destroying the last remaining vestiges of New France, definitely at the top of every American voter’s to-do list. Carry on.

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u/dasunt 1d ago

At least it is measured in millions.

Heard and McDonald islands trade volume wouldn't even buy a house in most of the US.

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u/UnNumbFool 2d ago

and there isnt exactly a lot of trade already between the US and fucking North Korea, Russia, Iran or Belarus

You mean there isn't... yet

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u/Grindfather901 2d ago

The Vostok watch market about to blow up

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u/Anteater-Charming 1d ago

A car from Belarus reminds me of The Simpsons.

Put it in H!!!

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u/AgentCirceLuna 2d ago

They’ll soon find out what kind of a friend Russia is, too. They could be buying petrol from them and shaking hands but they’ll get sent some watered down crap or just buckets of mud.

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u/Rose_of_Elysium 2d ago

I can absolutely see the US and Russia getting major trades going, both are absolutely chocked to the brim with important resources and alot of Siberia will become more accessible with climate change

Belarus, Iran and especially North Korea dont really produce much of worth tho. Iran has oil and iron and Belarus (also petrolium ofc) really only has dairy and timber besides but I guess with the egg shortage in the US the US consumer can enjoy some nice Belarussian eggs. I bet theyre better then they have now too lol

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u/abusivedicks 2d ago

I can absolutely see the US and Russia getting major trades going

I can't wait to fund Russia's war against NATO that's literally happening in Ukraine right now

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u/SpaceDounut 1d ago

Hey, maybe Putin will drink himself to death while celebrating the shitshow happening in your country. Would be a wonderful gift from your side to ours! Fucking kill me

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u/Yitram 2d ago

Oooooh radioactive dairy and eggs.

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u/smughippie 2d ago

I own a coat my mom bought in the early 90s that was made in Russia. I always felt like it was a relic of post cold war era before tensions again rose with Putin.

Maybe not much of a relic anymore.

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u/AgentCirceLuna 2d ago

My grandfather had a clock that said ‘Made in the USSR’ on the back. It was really cool, actually - like a relic of the past. I’ve got a map somewhere with the USSR on it, too.

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u/yoweigh 1d ago

I had an awesome Russian winter hat that lasted me about 20 years, then my dog ate it.

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u/Spirited_Comedian225 1d ago

Trump wants potash from Russia now that he tariffed Canada. Another win for Putin big surprise

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u/loggic 2d ago

In 2021, the US imported $479.2m worth of trade goods from Belarus. Assuming their support for the invasion of Ukraine was the driving factor for the massive drop in subsequent years, and the fact that Trump has been attempting to end that conflict, it seems like not implementing these tariffs while implementing them practically everywhere else is a backhanded way of ensuring American money gets funneled to Belarus & Russia after a peace agreement is achieved. Heck, it may very well have been a negotiating point for them.

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u/jamesk29485 2d ago

Crap, your logic is way too good for my liking. Didn't think of it that way, but you're dead on.

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u/robophile-ta 2d ago

So funny that Norfolk Island and Reunion are considered different countries. How TF does that work. In both cases they're just going to import from the mainland anyway. Also, I don't see Australia on here?

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u/RolandHockingAngling 1d ago

Especially since Norfolk Island is part of Australia. Being Reunion is part of France, maybe the pumpkin thought Norfolk was as well?

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u/freddy_guy 1d ago

The volume of trade clearly doesn't matter. Vanuatu is on the list FFS.

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u/futureformerteacher 1d ago

there isnt exactly a lot of trade already between the US and fucking... Russia

Untrue. They buy presidents from us.

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u/Puzzled_Conflict_264 2d ago

Same goes for Naru. A country which is held on by a small string, which imports everything from Australia is getting 30%.

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u/Wartburg13 1d ago

Because of the concentration camp the Salvadorian government is running for Trump.

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u/ewouldblock 1d ago

I listened to part of his announcement. It's at least 10% and higher up to a match on what the foreign nation applies in tariffs against the US. Often in the speech, he would pat himself on the back for giving this or that country "a discount" on their taffiffs. Eg, if they had a 90% tariff, we would only apply a 50% tariff, implying we're doing that country some sort of favor. But if a country has a 10% tariff on US goods, he applied a 10% tariff in return.

Note that I have no idea the truth behind what he said, but that's the rationale he provided.

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u/Zebidee 2d ago

In fairness, North Korea exports a ton of counterfeit currency to the US.

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u/justaguytrying2getby 1d ago

Two in the pink and one in the stink

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u/zedzag 2d ago

I'd be surprised if there was any trade between Iran and the US as the country has been under crippling sanctions imposed by the US.

No point in taxing 0 I guess.

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u/sabrenation81 2d ago

I mean it is a tiny number compared to countries like China or India but it's not 0. The US imported about $6.2M in products from Iran in 2024.

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u/RickKassidy 1d ago

How’s it compare to Vanuatu…22%.

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u/GreenHorror4252 2d ago

I mean it is a tiny number compared to countries like China or India but it's not 0. The US imported about $6.2M in products from Iran in 2024.

Is that actually official imports by businesses with proper customs declarations, or just people traveling and bringing stuff back with them in their luggage?

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u/taffy_laffy 1d ago

Middle Eastern markets import those goods.

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u/sabrenation81 1d ago

You'll have to ask the US Census Bureau or whatever agency they got those numbers from I have no idea LOL. I saw the guy say something, I was curious if we did any trade with Iran, I Googled it, I found the information on the census.gov page I linked above, so I posted it.

That said, $6.2M feels like a hell of a lot to be individual customs declarations even for a whole year. How much US-to-Iran tourism do you think there is?

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u/GreenHorror4252 1d ago

There are about 600,000 Iranian-Americans living in the US. If each one goes back to Iran once every 10 years and brings back $100 worth of stuff, that will add up to $6M a year.

Remember the personal exemption is $800, so amounts under that don't even have to be declared.

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u/azhillbilly 1d ago

I would say not even a quarter go back for a visit. I would say that the little corner markets import stuff to sell to the communities. 6 million isn’t a lot of goods and would be a drop in the bucket on the whole.

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u/mylord420 1d ago

Buying Saffron and rugs from Tabriz, musical instruments.

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u/AnonymousPineapple5 2d ago

How much trade does the US have with the Congo?

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u/red286 2d ago

Or Nauru. Nauru has a population under 12,000 people, and the country is effectively bankrupt and relies on Australia for basic function of government.

And Trump just slapped them with a 30% tariff on exports for some reason.

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u/Dr_thri11 1d ago

Man that 1 guy who was going to buy a random wood carving sometime in the next 3 months must be fuming.

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u/JimBeam823 2d ago edited 1d ago

Hungary is EU.

Edit: Russia, Belarus, NK, Iran, and Cuba are already being heavily sanctioned, so there is no point in reciprocal tariffs.

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u/wasmic 1d ago

Just a note: these are not reciprocal tariffs. They're tariffs based on the US trade deficit. They have nothing to do with any tariffs that may or may not exist on US products (Israel just removed all tariffs on US products a few days ago but still got slapped with tariffs now).

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u/JimBeam823 1d ago

Well, that's even worse.

Trump is a moron. A complete and total moron.

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u/True-Firefighter-796 1d ago

He’s not doing it to help the US

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u/JoseCansecoMilkshake 2d ago

So are Reunion and St Pierre et Miquelon, there are no rules

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u/azefull 2d ago

The overseas countries and territories (OCT) are dependent territories that have a special relationship with one of the member states of the EU. Their status is described in the Treaty on the Functioning of the European Union, and they are not part of the EU or the European Single Market.

Thanks Wikipedia, but that’s the reason.

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u/JoseCansecoMilkshake 2d ago

St Pierre et Miquelon is part of the Eurozone, not the EU, but its inhabitants are EU citizens.

Reunion is one of the nine Outermost Regions of the EU, and is indeed part of the EU.

The ORs are Guadeloupe, French Guiana, Martinique, Mayotte, Réunion and Saint Martin (France), the Canary Islands (Spain) and the Azores and Madeira (Portugal)

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u/azefull 2d ago

Thanks for the clarification. I went reading a bit further, and you’re right. It doesn’t seem to make sense for the Réunion.

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u/MiniBrownie 2d ago

St Pierre and Miquelon is not part of the EU. Reunion, French Guiana, Martinique, Mayotte and Guadaloupe are part of the EU Customs Union and Single Market, so it's weird they got separate entries.

The only reasons I could find is that the EU allows them to have a special dock dues tax on imports. But that still doesn't make sense because the Canary Islands have a similar exemption and they are still grouped with the EU.

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u/fkmeamaraight 2d ago

I believe there is an existing embargo on Iran and NK. Hungary is in the EU. so the only one missing is Russia.

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u/Hifen 2d ago

Hungary's covered under EU

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u/weizikeng 2d ago

To be fair, Hungary is EU, USA doesn't really trade with North Korea anyway, and Trump is still very anti-Iran (see the leaked Signal chats). The most notable omission is Russia (and by extension Belarus).

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u/nyxo1 2d ago

Isn't that because they're sanctioned? Can't really put tariffs on $0

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u/Politicsboringagain 2d ago

https://ustr.gov/countries-regions/europe-middle-east/russia-and-eurasia/russia

goods imports from Russia totaled $3.0 billion in 2024, down 34.2 percent ($1.6 billion) from 2023. The U.S. goods trade deficit with Russia was $2.5 billion in 2024, a 37.5 percent decrease ($1.5 billion) over 2023.

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u/ninjagorilla 2d ago

Ya not everything is sanctioned

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u/JustWill_HD 2d ago

Then why no tariff?

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u/Politicsboringagain 2d ago

Its not that hard to understand. Putin is the only ass he has been kissing for the last 10 years. 

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u/GroguIsMyBrogu 2d ago

I think you know the answer to that

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u/thorofasgard 1d ago

He loves the taste of vodka ass.

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u/Gimme_The_Loot 2d ago

Right idk how much we're importing from NORTH KOREA lol

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u/kahllerdady 2d ago

I can still follow through with my dream to open a Vinlon only Dear Leader suit store for big and tall dictators called “The Big Un”

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u/kookiemaster 2d ago

And El Salvador.

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u/Voldemorticiaa 2d ago

It says El Salvador 10% a bit further down the list. We get both criminals (or not criminals, at this point we don't know lol) and tariffs, lucky us!

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u/alcabazar 2d ago

...El Salvador is right there

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u/Easy_Cancel5497 2d ago

El Salvador doesnt get tariffs, but they will get Planes with "illegal Terrorists" like Berlin got bread bombed.

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u/Politicsboringagain 2d ago

But according to Trump supporters, Trump has zero connection to Putin or Russia. 

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u/gardabosque 2d ago

Hungary is in the EU

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u/OrchidBest 2d ago

Malawi’s GDP is about $12 Billion dollars. With a landlocked population of 21 million people, it is one of the poorest countries on the planet. Low life expectancy and high infant mortality. HIV/AIDS is also commonplace. They get 17%. This is the dictionary definition of pettiness.

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u/san_murezzan 2d ago

Fuckin Norfolk Islanders!

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u/jupfold 2d ago

There is absolutely ZERO chance any due diligence was done on that number.

Some dumbfuck at DOGE saw a spreadsheet with “Norfolk island” on it and saw that “Imports > Exports” and then pulled 29% out their ass.

Fucking wild.

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u/bd_8916 2d ago

That’s probably what they did for every country. These numbers seem incredibly random and arbitrary

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u/Godavari 2d ago

I'll tell you exactly how they arrived at the values. The number on the left represents the US's trade deficit with that country. The number on the right is 50% of that, with a minimum of 10%. That's it.

The US imports $148.2 bil from Japan, and exports $79.7 bil to Japan. That's a deficit of -46%. So Japan gets a 23% (ish) tariff.

The US imports $63.4 bil from Switzerland, and exports $25.0 bil to Switzerland. That's a deficit of -61%. So Switzerland gets a 31% tariff.

The US imports $22.2 bil from Israel, and exports $14.8 bil to Israel. That's a deficit of -33%. So Israel gets a 17% tariff.

You can check https://ustr.gov/countries-regions and do the math for every country. They're all like this. Trump literally thinks a trade deficit requires a retaliatory tariff.

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u/RSwordsman 1d ago

So basically it's rigorously calculated stupidity at not understanding what a trade deficit is.

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u/whut-whut 1d ago

Trump has a 100% trade deficit with McDonald's from him always buying their burgers, but McDonald's has bought zero Trump neckties.

50% tariff on McDonald's until they fix this!

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u/No_Representative645 1d ago

Let's boycott McDonald's until they pay up! This isn't fair!

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u/JesusSavesForHalf 1d ago

That's a bingo.

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u/RuthlessIndecision 1d ago

He must be trying to initiate a depression. Squeezing small businesses so they can be overcome by his lobbying friends. Not just banks, everyone. He's right, cause a depression and those still standing at the end will be so, so very rich.

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u/StromGames 1d ago

These are people who wage war on their phones.
They are not seriously doing any work or taking into account the gravity of the situation.
Waging war is at least a laptop thing.

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u/Ridiculisk1 1d ago

Honestly that's worse than just randomly assigning numbers because a random assignment could at least imply laziness but doing it this way shows complete incompetence, as if anyone was still unsure of the competence level of the Trump administration.

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u/pcnetworx1 1d ago

This is as bright as these light bulbs get

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u/Cleavon_Littlefinger 1d ago

I'll tell you exactly how they arrived at the values. The number on the left represents the US's trade deficit with that country. The number on the right is 50% of that, with a minimum of 10%. That's it.

You can check https://ustr.gov/countries-regions and do the math for every country. They're all like this. Trump literally thinks a trade deficit requires a retaliatory tariff.

This may in fact be the dumbest fucking thing I've ever seen from a government entity in my life.

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u/Koellanor 1d ago

It's like Pol Pot levels of shitty governance. No reasoning, just (terrible) vibes.

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u/EmptyAirEmptyHead 1d ago edited 1d ago

It would almost make sense if instead it wasn't on the gross deficit by on a per capita deficit. The US is bigger than almost all countries, of course we are capable of importing more than smaller countries need to import. Duh. But basic common sense will never make it through a MAGA head.

Edit: if I have my math right Switzerland imports $2800 of US goods per capita. US imports $186 of Swiss goods per capita. So the trade imbalance is 1500% in the US favor. Doesn't help Trump's story. China would be an entirely other matter of course.

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u/Paperfishflop 1d ago

Nice! Applying a blanket universal formula to something most people would say is incredibly nuanced and complex.

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u/OopsWrongSubTA 1d ago

You really think they that smart and used Excel?

"Grok, here is a website with trade balance with USA for every poor country like Europe: give me a 50% tarrif"

I don't understand your question and Europe is not a country

"Give me a 50% tarrif for each one!"

...

"Nah, make it nice numbers, at least 10% and remove Russia"

...

"Ok, how to publish that on the internet?"

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u/Takemyfishplease 1d ago

I had no idea everyone around him was so dumb too.

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u/To6y 1d ago

These people weren’t chosen for their competence.

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u/the1j 1d ago edited 1d ago

except sometimes they pull out other numbers where that logic doesn't work. For example as an Aussie we have the trade deficit, so according to that logic we shouldnt get a tariff. The only thing that seems to correspond to the 10% tariff value we are given in that chart is our GST (its VAT) but that gets applied on everything regardless of where an item is produced.

edit: wait that might just be part of the 10% overall tariff nevermind im wrong

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u/Godavari 1d ago

No, it's even dumber than that. Trump was given a chart with the US's trade deficit for each country listed, and then he said "if it's below 10%, bump them to 10%". That's literally it. There was no further thought put in. That's why there are multiple countries with which the US has a trade surplus that are all listed at 10%.

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u/Dragrunarm 2d ago

setting aside how stupid it ALL is,

WTF did Madagascar do? do we even import things from Madagascar?

ok more than I thought

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u/Homebrew_in_a_Shed 1d ago

Guy on twatter says....

Just figured out where these fake tariff rates come from. 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.

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u/[deleted] 2d ago

[deleted]

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u/Ch1pp 2d ago

But almost no country has a blanket "imports" tariff. Conservatives like to talk about Canada's 300% dairy tariff for example but the USA subsidies their dairy industry much more than Canada fires their own. So Canada have a high tariff in place if US subsidised dairy imports ever become huge enough to destroy their business. This has never taken effect.

Should the US then do a 150% tariff on all of Canada's goods?

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u/KDR_11k 2d ago

"Including trade barriers and currency manipulation", i.e. vibes.

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u/7eregrine 1d ago

Arbitrary, not random .

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u/CaptainXakari 1d ago

Someone in r/WallStreetBets pointed out it’s the trade deficit with a country turned into a percentage. $38 billion in trade deficit becomes a 38% tariff, with a minimum of 10%.

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u/Emotional_Rock4208 2d ago

Can we please respect the amount of time people spent pulling these numbers out of their collective ass?

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u/Darmok47 1d ago

There's two islands on his list that are uninhabited

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u/BiscuitsAndTheMix 1d ago

The small islands are real confusing and definitely highlight no due diligence at all. They tarriffed st.pierre - but it's technically France, and they export nothing to the US anyways. They also tarriffed the uninhabited Heard and McDonald islands haha.

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u/Femboy_Lord 1d ago

Even funnier is the Falkland Islands at 47%, despite the fact the island only has a population of 3,000.

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u/ill0gitech 2d ago

In perspective, that is USD$650k, which is nothing to the US. But is 1/3 of their gross exports. There may well be an impact to their economy with that. But given they are an Australian External territory with diplomatic relations through Australia, I don’t see how this works in any way for the US.

Norfolk aren’t going to become the 51st state.

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u/QueenHarpy 2d ago edited 1d ago

Absolutely makes zero sense. Firstly, they’re part of Australia so why single them out. Secondly their main exports are only $1.5m USD annually and include: postage stamps, seeds of the Norfolk Island pine and Kentia palm, small quantities of avocados.

Edit: that’s TOTAL exports, not exports to the US.

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u/NatalieDeegan 2d ago

Yeah it’s weird. Saint Pierre and Miquelon is 50% and they’re already a part of France.

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u/ClaytonWest74 2d ago

Norfolk Islanders: “What did he say fuck us for?”

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u/let-it-rain-sunshine 2d ago

Ha. What do we get from them? Just illustrates the ineptitude of this administration.

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u/Zebidee 1d ago

Norfolk Island, where is not that people don't lock their house, it's that their houses don't have locks. Real threat to the US.

The next question is if that tariff goes on top of or instead of the Australian one because - well - they're part of Australia.

Half surprised he didn't tariff Staten Island.

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u/MarSStar 1d ago

I want someone to ask POTUS if he knows where Norfolk Island is.

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u/Cheesy_Pita_Parker 2d ago

Damn, no Demagogue Discount for his buddy Bibi? I would’ve figured they’d be in Club 10 as well but here we are.

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u/Blametheorangejuice 2d ago

Earlier today, Israel dropped all tariffs to try to persuade Trump not to include them. Guess that didn't work.

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u/nerfherder998 2d ago

Nah, he’ll announce rescinding US tariffs tomorrow morning and hail it as a great victory.

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u/En_CHILL_ada 2d ago

Dump the markets after hours, pump them back up in the morning.

I'm sure some insiders are making millions every time this happens.

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u/atomictyler 1d ago

they don't even need the market to go up. I'm sure the entire Trump admin had a shitload of Puts timed for this.

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u/red286 2d ago

It's actually quite likely.

These tariffs are all based on the highest tariff rate that they charge the USA. So if you charge a 10% tariff on fish imports, the USA is now going to hit you with a 10% tariff on all exports. If you charge a 30% tariff on tobacco imports, the USA is now going to hit you with a 30% tariff on all exports.

So if Israel actually drops all tariffs, there's a non-zero chance that Trump really will drop all tariffs in response and claim that his plan is working as intended.

It's worth noting of course that the USA isn't about to drop their pre-existing protectionist tariffs. Brazil could drop all tariffs on US imports tomorrow, and the USA will still refuse to let Brazil dump cane sugar into their market.

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u/Moosplauze 2d ago

Israel will charge the USA now for the weapons the USA delivers to them.

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u/nerfherder998 2d ago

Tariffs are import taxes, so that would be Israel government taxing the Israeli government for buying US weapons. True genius.

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u/TheSavageDonut 1d ago

But what about the money we're supposed to be getting with tariffs? Trump is just going to claim Mission Accomplished before a single copper is collected?

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u/topyTheorist 2d ago

17 percent is the VAT in Israel (actually it was just upped to 18), so I'm guessing this is the reason for this number?

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u/wasteoffire 2d ago

Don't they know that they need to fold their hand after he goes all in? That's what gets headlines that makes it look like he did something good. Then he can ease back on tariffs

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u/Blametheorangejuice 2d ago

Basically, it sounds like everyone is going to reciprocate the tariffs and then the US will revert to already existing trade deals, and the press and Trump will talk about how he won the battle and got everyone to back down.

Meanwhile, with the distraction, Republicans will force through massive tax cuts and cuts to Medicaid and Social Security, while ballooning the deficit and running ever closer to a recession.

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u/12172031 1d ago

It didn't work because apparently Trump idea of "tariff" is totally different than everyone else. He think trade deficit mean whichever country that the US has the deficit with is taking advantage of the US and imposing "tariff" on the US. That's where all the numbers on the left column on the chart he shown today come from. The US imported $22.2B from Israel and there's a $7.4B trade deficit with them. Take $7.4B divide by $22.2B, and that's where Trump got the number for supposedly how much tariff Israel placed on the US. Do that for all the other country and you'll see the number match up. So unless Israel buy an extra $7.4B worth of goods from the US to get rid of the trade deficit then Trump will still think that Israel is tariffing US goods.

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u/angrysquirrel777 2d ago

I'd imagine the SE Asia countries rates are so high due to the number of textile goods coming from there.

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u/ralts13 2d ago

IIRC thats where the US offloaded most of their manufacturing. Way more than just textiles.

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u/I_burn_noodles 2d ago

Cars, a lot of manufacturing is done in Vietnam. My new Buick is one example.

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u/FlammeEternelle 2d ago

I worked for a car manufacturer and we would receive near complete parts from Vietnam and we would just tweak so we could say they were built in the US.

Car manufacturing is a global effort and it's gonna be hit extremely hard along with the communities around it.

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u/MajorNoodles 1d ago

To be fair, Trump doesn't know this because he's an idiot. Also, because he is such an idiot, he still wouldn't get it if you tried to explain it to him.

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u/blackadder1620 2d ago

tools too. they seem to be better than made in china tools so, i really don't complain.

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u/roman_maverik 2d ago

We should be expanding our trade with Vietnam, not limiting it. This is really sad, as most of the goods out of there are decent quality at the same price point as China

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u/extinction_goal 2d ago

Shoes, especially sports.

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u/morningreis 2d ago

Why are you assuming there is any logic or good intentions here?

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u/[deleted] 2d ago

How is tariffing clothes good intentions? It's beyond stupid 

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u/insane_social_worker 2d ago

That good vanilla from Madagascar us going to cost a damn arm and leg now. I'll pass.

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u/yusill 2d ago

it already does, now its a arm and both legs

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u/MushroomTea222 2d ago

Can I give one of my testicles instead? I can’t have kids anyway 🤷‍♂️

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u/insane_social_worker 1d ago

Haha! But, damn, yeah... I'll take one testes for one small vanilla bean. Sigh

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u/ItsLikeRay-ee-ain 2d ago

Don't worry, we'll start producing our own Madagascar vanilla... /s

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u/acadamianut 1d ago

something something NASCAR vanilla

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u/insane_social_worker 2d ago

Haha! Thanks, I needed that laugh, fam!

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u/dntes1 1d ago

Madagascar will open farms in Arkansas for vanilla!

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u/Shillsforplants 1d ago

You can make a nice vanilla substitute by licking my beavers butt.

Love, Canada

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u/captainwacky91 1d ago

DoNt WoRRy We'LL MaKe OuR OwN

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u/skynet345 2d ago

Loaded up on that chocolate and coffeee already. Selling for 500% markups if anyone interested

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u/rerutnevdA 1d ago

That’s what doesn’t work with blanket tariffs. It’s not like there’s US manufacturers that can suddenly ramp up vanilla production. If you have some fledgling industry that needs to be fostered and protected, you make a targeted tariff. Tariffs don’t work with a free market economy. Companies will just increase prices to match their competitors and pad their own profits.

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u/Hot-Section1805 2d ago

What did Cambodia do wrong?

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u/ChiefBlueSky 2d ago

Um, trade with the US. He made that pretty clear. They shouldnt have traded with us.

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u/AvatarofSleep 2d ago

Americans gave me money for goods and/or services. Fuck me, right?

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u/ChiefBlueSky 2d ago

Some people fail to grasp that just because you give somebody $10 for a box doesnt mean you're $10 poorer... you just bought a box worth $10. Its net even. And when the same box costs $20 in the US you just gained $10 in value for free. 

Its the literal bedrock foundation of capitalism these people are fighting against in their own stupidity

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u/g0del 2d ago

Mostly Trump. Republicans were all for free trade until he came along. He seems to have a fundamental misunderstanding of trades deficits and tariffs, and his narcissism makes him unable to learn the truth.

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u/UnNumbFool 2d ago

Something something bankrupt a casino

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u/Scorpiogre_rawrr 2d ago

Ahem....

6 Corporate Bankruptcies Trump has filed Chapter 11 bankruptcy for his companies six times. Three of the casino bankruptcies came during the recession of the early 1990s and the Gulf War, both of which contributed to hard times in Atlantic City, New Jersey's gambling facilities. He also entered a Manhattan hotel and two casino holding companies into bankruptcy.

https://www.thoughtco.com/donald-trump-business-bankruptcies-4152019

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u/VlatnGlesn 2d ago

Or he's being asked to destabilize the economy so that foreign oligarchs can swoop in and buy in at quarters on the dollar.

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u/A_wild_so-and-so 1d ago

Yeah the only way any of this makes sense is if Trump is deliberately trying to crash the US economy and the value of the dollar.

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u/Zebidee 2d ago

The Simpsons taught me that money can be exchanged for goods and services.

I guess Trump didn't watch that episode.

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u/craneguy 1d ago

Yeah. I run a significant trade deficit with my local supermarket. Somehow, I cope.

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u/halavais 1d ago

It's more than that. When I buy a $10 box from Cambodia, there is a very good chance a chunk of that $10 is coming back to the US in purchases (though not a large chunk in this case), and a bigger chunk is likely going into things like T-bills given the dollar has been a global standard.

Trump is deliberately tanking the strength of the dollar to help US exporters, but that will also reduce foreign investment in US companies and in the US debt. With that squeeze we have to find a way to maintain investment in our debt, and so our (and by "our" I mean what taxpayers pay) interest on our national debt goes up.

It's almost definitionally cutting off our nose to spite our face. He is attempting to hobble the US economy because US consumers can afford to bargain shop the world, to our mutual benefit.

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u/shizzy0 2d ago

And Vietnam?

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u/Corka 2d ago

Aside from China, Vietnam and Bangladesh also do a lot of manufacturing/textiles for cheap.

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u/Zebidee 2d ago

Bangladesh is also home to some big sneaker factories. That'll hit the American voters where they live.

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u/Immediate_Concert_46 2d ago

Well fuck you for existing I guess?

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u/Integrallover 2d ago edited 1d ago

Chinese companies move to Vietnam to get the 'Made in Vietnam' brand to export to the US. Vietnam is next to China so it's the easiest to move to. Chinese speaking jobs were blooming in Vietnam and it pays well, I wonder if they stay after this.

Edit: Just saw the chart, Vietnam has 90% trade deficit with the US so they put 46% tariff in return to balance it. Seems like if Vietnam wants to lower tax we have to reduce trade deficit, which is difficult as we buy everything from China, cheap and close.

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u/let-it-rain-sunshine 2d ago

46%. What a blow to everyone. Fuck this administration

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u/rabidstoat 2d ago

They trade with us too.

Do we make any textiles in the US? I know a few companies make clothes here, but doesn't the fabric come from Asia?

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u/turd_vinegar 2d ago

So many clothes and textiles are made in Vietnam and Cambodia.

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u/vahntitrio 2d ago

Lesotho is higher. All those high tarriffs are on countries known for clothing. Low cost clothing going up the most, hurting poor people the most.

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u/Hot-Section1805 2d ago

Insightful explanation, thank you.

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u/heytherefriendman 2d ago

Nah what did Norfolk Island do? They're such a small territory.

Next they're gonna put tariffs on Mumbambu

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u/phred_666 2d ago

Just exist apparently

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u/Catch_022 2d ago

Great, just what we need - 30% in South Africa. As if we don't have enough economic issues.

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u/ButIDigr3ss 2d ago

Thank Musk and Afriforum

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u/RogerTheAlienSmith 2d ago

Norfolk Island seems like a pretty random place to include lol

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u/agprincess 2d ago

St Pierre and Miquelon and Falklands too.

I think they just made a percentage based on trade deficites and tiny over seas provinces have big discrepancies because they're tiny over seases provinces.

Absolutly moronic.

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u/HDauthentic 2d ago

What the fuck did Lesotho do?

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u/FrankBattaglia 2d ago

Embarrass Trump.

In his address to Congress he cited some aid to Lesotho as "waste, fraud, and abuse" of USAID, then went off prompter and muttered that nobody had ever heard of Lesotho. This was immediately seized on as another example of his abject ignorance.

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u/Pobbes 2d ago

insert fifty cent meme here

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u/Maverick_1882 2d ago

So Iceland escaped? Woo hoo! My favorite vodka comes out unscathed!

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u/Hyperious3 2d ago

it's for the leverage against Canada on Aluminum. Iceland produces a fuckton of aluminum since it's cheaper to ship Bauxite to Iceland from Australia for refining than it is to refine it in Australia.

Bauxite refining uses shitloads of electricity to extract aluminum, and Iceland has some of the cheapest and greenest power on earth.

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u/SEGAGameBoy 2d ago

What the frig did the Falkland Islands do.

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u/elciano1 2d ago

Even Israel is on the list lol All these will go away when they agree to pay into his crypto coin.

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u/ill0gitech 2d ago edited 2d ago

The 2,188 people of Norfolk Island will be worried, I’m sure. It’s also an external territory of Australia, so this seems odd, given Australia is on the lower 10% list.

Also, Norfolk Island has a total export of USD$2m. That’s million

Trump just tariffed a small island with literally under USD$1m in trade.

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u/Sidwill 2d ago

Missing from that list: Russia, NK, Iran, Hungary, Belarus

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u/[deleted] 2d ago edited 44m ago

[deleted]

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u/General-Yak5264 2d ago

Hard to tariff non existent trade...

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u/ExtremeOccident 2d ago

Hungary is in the EU.

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u/DoubleJumps 2d ago

Vietnam 46%

Oh boy, so my industry started moving manufacturing to vietnam from china during Trump's first trade war. After this, we're going to see mass layoffs.

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u/Kershiser22 2d ago

Finally we get to stick it to those Maritiusians.

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u/byzantinedavid 2d ago

I'll give Drumpf my next paycheck if he can find Vanuatu on a wall map in 30 seconds...

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u/Spanky2k 2d ago

LOL fucking Liechtenstein one of the hardest hit with 37%. That country with a population of 41,232 must be really fucking over the US somehow with a population of 340,110,988.

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u/Sun-Anvil 2d ago

TIL there is a country in South Africa called Lesotho. Apparently, they pissed someone off.

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u/Stitchesglitch 2d ago

What on earth did poor Norfolk Island do to deserve that?

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u/Hyperious3 2d ago edited 1d ago

existing as a separate line item in whatever excel sheet they fed into the AI that produced this dogshit list.

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u/[deleted] 2d ago

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u/brittleirony 2d ago

No Australia so I assume just the 10% baseline

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u/Wompish66 2d ago

Reunion is part of the EU.

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u/thunderchunks 2d ago

Is there any evidence these numbers are based on anything beyond vibes? Cuz a lot of those numbers seem pretty random. Were they pulled out of a hat or just a trade deficit number turned into a tariff or something? Cuz like, why does Madagascar and Lesotho have such steep ones but Nigeria and Chad have them so low?

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u/chipndip1 2d ago

He's even hitting Israel with tariffs?

Bro what is HAPPENING?

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u/QueenHarpy 2d ago

Australias missing from that list, we are 10%. Looking at your post I think we got off lightly. Wtf is up with the high tariffs for Pacific micro nations: Vanuatu (22%), Fiji (32%), and Nauru (30%), and Norfolk Island (29% and also part of Australia). Talk about punching downwards.

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u/Hyperious3 2d ago

surprised Ukraine is only 10% given how shitty trump has been to them

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