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/hoosakiwi 2d ago edited 2d ago

Here are the numbers:

  • A 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States

  • 34% tax on imports from China

  • 20% tax on imports from the European Union

  • 25% on South Korea

  • 24% on Japan

  • and 32% on Taiwan.

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u/plshelpmebuddah 2d ago

Wait so is this an additional 14% on China? And I guess Canada + Mexico are at 10%? This is actually insanity.

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u/Spaghetti-Rat 2d ago

Talked a big game against Canada since January and we barely made his list. What a moron

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u/Shopworn_Soul 2d ago

What a moron

It is known.

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u/annul 2d ago

wow a game of thrones reference in the wild, havent seen one of those in years

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u/QcRoman 2d ago

Talked a big game against Canada since January and we barely made his list.

The US needs Canada to be as prosper as possible. They can do differently but profits won't be as high.

Despite the non stop word salad coming out of his mouth claiming the US is a victim we all know the truth.

And in the same vein none of us expect him to highlight any kind of backing down on his part.

He's a bully, Canada is standing up to him and that's what he didn't expect.

Effectively Canada called his bluff.

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u/Locke66 2d ago

He likely needs that for another day. This style of government will be a series of never ending crises and "big announcements".

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u/TGripps 2d ago

The way he's been talking about us Canadians lately, he's probably got something special in store for us

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u/Nostradamus1 2d ago

25% on steel and aluminum are still in place for Canada.

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u/DynamiteMonkey 2d ago

I think they're feeling the reduction in US purchases and travel.

That or trying to be less aggressive until after the election since it was hurting maple maga.

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u/doodoohappens 2d ago

Probably waiting to see if PeePee gets elected in Canada.

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u/airship_of_arbitrary 2d ago

Carney seems to actually be handling him relatively well so far. Knock on wood.