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Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 1 year ago by TheKetchupSong@lemmings.world to c/world@quokk.au

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His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

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[–] halcyoncmdr@lemmy.world 42 points 1 year ago (3 children)

Trump 110% still believes that other countries pay these tariffs.

[–] UnderpantsWeevil@lemmy.world 26 points 1 year ago* (last edited 1 year ago) (1 children)

He believes they can't raise their own tariffs in turn. That's the real danger here. Not Americans paying double for some knock off plastic widget on Temu, but American exporters running into an equivalent tariff wall trying to import cars and computers and pork shoulders into China.

He's taking a guillotine to American global logistics

[–] DragonTypeWyvern@midwest.social 4 points 1 year ago

And when it crashes it will be the Deep State's fault.

[–] OpenStars@discuss.online 3 points 1 year ago

More like he DGAF.:-P

[–] I_Miss_Daniel@lemmy.world 1 points 1 year ago (1 children)

I'm not so sure.

It's free money for the government isn't it? If he's all about greed or grift, then isn't it the more the merrier?

Disclaimer: I'm not from USA, I'm watching from the other side of the world.

[–] DragonTypeWyvern@midwest.social 3 points 1 year ago

Raising the income tax to 100% might also give you a brief surge of revenue before people start starving and then burning things.