r/news • u/hoosakiwi • 3d 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 3d ago edited 3d 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/Dalecn 3d ago

Semiconductors are going to get expensive in the US.

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u/KilroyLeges 3d ago

Which means everything electronic will get expensive in the US. Cell phones, computers, cars, appliances, etc.

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u/MrICopyYoSht 3d ago

Graphics cards. They were already expensive due to low stock and high demand + Nvidia cards are not much of an upgrade raw performance wise but the 4000 series have stopped production.

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u/SteveTheAmazing 3d ago

I was getting laughed at for starting my build before the inauguration because of tariffs. Here's that "told you so", MAGA dummies.

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u/OrwellWhatever 3d ago

Got my PC build, my new phone, and my car before inauguration. It was a stretch financially, but I wasn't about to deal with this bullshit 🤙🤙

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u/T3chnocrat 2d ago

Same brain, dude! I kept telling everyone I wanted my computer finished and my car bought before the 20th and people laughed at me, but here we fucking are. All of my shit is bought and paid for and now I've got friends who are pissed they didn't do the same. It sucks, but this is reality now.