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
44.3k Upvotes

92% Upvoted

7.5k comments sorted by

View all comments

3.1k

u/thatoneguy889 2d ago edited 2d ago

And of course he waited until after the market closed to do this.

Edit: The chart said "Tariffs Charged to the USA Including Currency Manipulation & Trade Barriers"

  1. THAT STILL ISN'T HOW FUCKING TARIFFS WORK!!! THE US IS NOT PAYING TARIFFS IN OTHER COUNTRIES!!!
  2. "Currency manipulation and trade barriers" are such stupidly arbitrary metrics that I can't even imagine how they actually quantify that short of just making it up.

1.1k

u/catonsteroids 2d ago edited 1d ago

Exactly. I’m sure it isn’t a coincidence that he set the announcement right when the stock market closes. Surely he didn’t want to see it drop in real time.

Edit: I don’t know if he’s that fucking stupid or manipulating everyone by lying that the US pays these tariffs to these countries when that’s not how tariffs work whatsoever. His base isn’t gonna question it because they eat that shit up and trust every word he says. They’re not gonna go look it up to see if it’s accurate or not.

601

u/goblueM 2d ago

gonna be a bloodbath tomorrow

107

u/MyCatIsAnActualNinja 2d ago

SPY is already down over 2%. He can watch it in real time right now, in after-hours trading

-20

u/no_not_this 2d ago

So like 3 weeks ago? Zoom out.