1Yr·

🔴LIVE TICKER | Trump's new tariffs

Donald Trump has announced new tariffs, the post was updated repeatedly as the press conference ran live.

⚠️25% Tariff on all cars not produced in the USA manufactured (Effective April 2)⚠️

Tax deductibility of car loan interest only for American vehicles
Planned tariffs on medicines could follow
Tax deductibility of car loan interest only for vehicles produced in the USA
Strict control of the production site

⚠️Dauerhafte Tariffs on foreign Fahrzeuge⚠️

Trump calls on the three largest US car manufacturers to relocate parts production to the USA.

⚠️Trump considers offering tariff cuts for China to improve trade relations verbessern⚠️ (TIKTOK Deal)

Trump imposes tariffs because of "bad treatment by the European Union" and criticizes the EU's trade practices.
The EU declares that it will work together to protect its workers and businesses.

Press conference ends... (22:50)

19 Comments

HenryTLK@HenryTLK

1Yr

Trump really is borderline moronic in economic terms. Ladies and gentlemen, the end of the United States of America is at hand!

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Gi Vey@Nofan

1Yr

@HenryTLK I don't see it that way

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Hennington Global@HenningtonGlobal

1Yr

@HenryTLK I wouldn't say the end, but a lot of damage is being done that can't be repaired so quickly in the future. A shot in the knee, or two...

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HenryTLK@HenryTLK

1Yr

@HennRes You're right, I think the overall result is that China is outstripping them.

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NEWT@SteelAnacott

1Yr

@HenryTLK Take a look at the decline of great powers throughout history and then take a look at what is currently happening - and has been happening - in the USA. You will find many similarities. History repeats itself.

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Ph1l1pp@Ph1l1pp

1Yr

@HenryTLK I don't think you understand the function of tariffs and the fiscal and financial policy pursued previously

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Hennington Global@HenningtonGlobal

1Yr

@Ph1l1pp the question is actually not whether @HenryTLK understands tariffs, but rather whether it understands Trump, because it doesn't look like he has a clue or a strategy now, after everything that has happened

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Ph1l1pp@Ph1l1pp

1Yr

@HennRes should Trump have simply continued with his previous policies and hoped that there would be no financial crisis? Massively bloated government apparatus (80% of all jobs created in government positions), biggest deficits ever, migration covers poor labor market, loose fiscal and financial policy while the world is driving in the opposite direction (Europe/ China etc.), Mag7 and QQQ/ ES ATHs every week - where does that lead?

Sorry, but that shows little understanding of macroeconomics

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HenryTLK@HenryTLK

1Yr

@Ph1l1pp and then the strategy is to bring about the financial crisis more quickly? Trump's actions do not solve the problem, but basically act more like a catalyst. And yes, I'm not an economist, but I think I have at least a basic understanding of the fiscal policy tool of tariffs. I just don't see a scenario in which these kinds of tariffs help the US.

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Mark777@Mark777

1Yr

@HenryTLK The dollar is too strong, which is why it is now being "sold off" - that is the background.
This will benefit future US exports.

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Franz@Cyonix

1Yr

@SteelAnacott What do you mean exactly?

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View all 4 further answers

Wojtek@Wojtek

1Yr

The EU has been moving in the wrong direction for years. Instead of promoting performance and personal responsibility, those who build something are punished, while others are rewarded for their irresponsible behavior.

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Hennington Global@HenningtonGlobal

1Yr

@Wojtek the EU definitely has a need for reform in certain areas

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Gerald@Irlandfan

1Yr

USA, the second Cuba.

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Tobi@Tobiwankenobi500

1Yr

If only there were half as many posts about our issues as there are about Mr. Trump.... :D

Seems to be a collective psychosis after hitting the wall here at 200km/h, looking at a country that is just trying to turn the corner we would desperately need.

Time will tell whether it succeeds... I think it's wrong to judge prematurely, firstly because the American people have voted (yes, you can say people there and I would say that almost everyone there is proud of their country...), secondly because you should put your own house in order first.

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