- cross-posted to:
- world@lemmy.world
- boycottus@lemmy.ca
- cross-posted to:
- world@lemmy.world
- boycottus@lemmy.ca
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Fifth, they could simply write checks to Treasury that help us finance global public goods.
You have to be fucking kidding me.
In America, tipping isn’t really optional.
from my experience, it just makes sure they don’t spit on your food twice
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The Empire makes the rules, it doesn’t follow them.
First, other countries can accept tariffs on their exports to the United States without retaliation, providing revenue to the U.S. Treasury to finance public goods provision. Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods.
Second, they can stop unfair and harmful trading practices by opening their markets and buying more from America;
Third, they can boost defense spending and procurement from the U.S., buying more U.S.-made goods, and taking strain off our servicemembers and creating jobs here;
Fourth, they can invest in and install factories in America. They won’t face tariffs if they make their stuff in this country;
Fifth, they could simply write checks to Treasury that help us finance global public goods.
They genuinely still think other countries are the ones that will pay the tariffs…
isn’t this just basically the literal exemplificatino of extortion?
I knew a guy named Exemplificatino of Extortion. We just called him Tino for short.
They don’t think that, they just have to keep the cultists believing it.
Finally, Miran said that countries could “simply write checks” to the Treasury Department.
So, they’re calling trade deficits tariffs…
Then that means if America buys $10 million meow meow beans from Penguin Island, the trump admin thinks the penguins should then pay the trump admin $10 million so it’s a balance…
Like, did they legitimately forget that anything besides money exists?
“Japan is sending all these cars, and what do we get?”
“…the cars?”
An example I heard I think on Stand-up Maths’ video was going in to buy a cheeseburger, and then demanding a tariff charge because the owner won’t buy something of equal price from you. Imports and exports don’t have to be the same to have a healthy trade balance.
Wasn’t the whole point of money to avoid that kind of barter system?
Yes. This business shows that not only does Trump not understand tariffs or trade or economics, he doesn’t even grasp the basic purpose of money.
Well if you don’t pay your loans or bills and declare bankruptcy when you’ve fucked up, you forget what money is.
Yes, and the US is in the amazing position where basically all global trade is denominated in US dollars. This tariff thing is just going to incentivise everyone to switch to something else.
I bet Putin and Xi would prefer that to change.
BRICS has a project to create a cryptocurrency to denominate all trade between those countries. Not sure if it’ll be successful, but it’s definitely their ambition.
Yeah, everyone has been making that point…
But this is the first I’ve seen where the admin just straight up says to give them the money.
Like, it’s not just demanding they buy a cheeseburger from you for the same cost. They’re saying if you don’t, then you just have to give the money back and they keep your cheeseburger.
It’s literal toddler logic. They don’t understand how the literal basics of what trade is between two people.
He might as well have said:
I don’t understand how the US economy works, much less some sort of self sustaining one…
Oh, it gets better. For countries that we have a trade surplus with… they’re still levying a 10% tariff. Because like, UsA biG stROnG, I guess? Stupid reckless chest pounding. I just can’t.
TFW you move manufacturing abroad but don’t want to pay to import
Makes me wonder,
Do they calculate all the software / subscriptions / services that are being sold by US companies in their ‘trade’ calculations?
I’m willing to bet, US is already exporting more than importing if you put those into the equation.
No, services were left off.
I didn’t believe you. Here’s a source showing you’re right.
https://www.nytimes.com/interactive/2025/04/04/upshot/trump-tariffs-reciprocal.html
The Trump administration calculated the trade deficit using only goods — physical items that can be shipped — and not services, such as technology, media, banking and tourism. (A DVD counts; a Netflix subscription doesn’t.)
someone really needs to remind AMERICA - of all fucking countries - what happens when you try to tax from afar.
Dumping Teslas into the ocean might not be good for the ocean… Just light em on fire.
Light the factories on fire
How long do you think Tesla Shanghai is going to keep going for. Shut down that factory and all of Tesla will grind to a halt.
To be fair they tend to catch fire when wet so tipping them into the ocean may do both.
you just made me think… for a brief time, you could go swimming in tea.
BYD should start making power adapters for Tesla batteries. Recycle everything!
Funny enough, the US levies income tax against dual citizens living abroad.
Correction the US taxes all US citizens, including permanent residents, temporarily living abroad. Look up FATCA.
Oh sure. But the dual citizens bit is especially egregious. Like you have to pay a fee just to keep your citizenship even if you aren’t using any US service bc you live somewhere else.
There’s a negotiating technique where you demand absolutely insane things, then “back off” to things beyond what you originally wanted. The Republicans do it a lot.
Yes, and Trump has done it a lot. This is different though. This is going to undermine US trade relations permanently, even if he tries to walk back the tariffs or “cut deals” with some countries
It’s called anchoring
Thats not how the mafia works.
They make a demand, and if you accept it, they make more demands.
The mafia are businesspeople, just not very good at it, that’s why they kneecap their competitors.
The mafia are businesspeople, just not very good at it, that’s why they kneecap their competitors.
Have you ever heard of the “Monroe Doctrine”?
I actually prefer the Chinese method of replies. Just set the tariff to the same level as the US, and then add some pain points to bring the message home.
China has that luxury because they’re relatively well off. Smaller nations don’t necessarily
Or smaller nations that need to find new supply lines.
They’re thinking like Qing Dynasty or general Dynastic Era China? History really does repeat. They really want “Tribute” now…
Sigh…
Trump
Adviser ReleasesInsaneList of Demands for Tariffed CountriesFTFY
He suffers from Trumps derangement syndrome.
“Sit there and take it”
Where is this “Insane List” … ?
RTFA
This seems to be the transcript: https://www.whitehouse.gov/briefings-statements/2025/04/cea-chairman-steve-miran-hudson-institute-event-remarks/
