News
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.
Whoever did those calculations (and it wasn't Trump, since he's innumerate as well as illiterate) based these crude calculations on the assumption that the US economy should have a pairwise zero current-account balance with every country in the world. That's beyond imbecilic.
+10%
Unless you are Russia...
The reason the numbers are idiotic is because they don’t need to make sense. There is no point to these tariffs other than to crash the US economy so that fat cat rich scum can buy everything and create corporate feudalism.
The economists are only “stunned” because they’re used to dealing with logic, reason, and numbers that make sense. You have to throw those things out the window when dealing with Mango Mussolini, folks!
He absolutely believes he's a genius who has thought of this solution to our economic problems that NOBODY else has ever considered, because nobody is as smart as he is. All this talk of how wrong it is only proves to him how much smarter he is. His tariffs are so innovative, even the most intelligent economists don't get it.
But he does, because he's the most intelligent human to ever exist, and he is thinking way above them.
And 34% on Taiwan won’t help anything either
Republicans have been confidently and fully wrong about economics for like a hundred years now dude, a republican making up economic bullshit that will hurt the American people should not be a surprise.
The only thing that surprised me about the idiotic numbers was that they weren't overwritten by even dumber ones in sharpie.
BREAKING NEWS! The deranged con man game show host is actually a moron. Who could possibly have predicted this?
A brain dead Orange Turd running our country. What could go wrong.
Uh excuse me, where is your ridiculously oversized truck and bedsheet-sized flags?
Hey, he used the good crayons
That's what happens when you let an unqualified lunatic make decisions about things he doesn't understand
Someone made it in excel in 10 minutes.
Excel at least uses some sort of organizational schema. Those charts are thrown together completely at random.
No, there's a formula. It's just a transparently stupid one based on fallacious zero-sun thinking.
‘Willing sycophants’ came up with simplistic formula that has thrown global economy into disarray
Way to shoot us in the crotch republiQans and eligible non-voters! You suck!
B-but muh egg prices! Also, something something okay with the economy crashing if it owns the libs.
“[It is] quite an extraordinary calculation after months of work behind the scenes,” said Jim Reid, the global head of macro research at Deutsche Bank. “[It] didn’t add much confidence on there being an in-depth strategic implementation plan.”
lol. First of all Deutsche Bank, how are you still operating, and secondly it's your fucking fault the demented rapist is even here (thanks to Justice Kennedy's son). Thirdly, anyone who thinks a trump administration effort is going to have an "in-depth strategic plan" is smoking crack. (Those of you arguing 'project 2025' remember that came from outside the administration)
Chat, are we cooked? (Yes)
Mentally, this is where I am at: https://youtu.be/rN6fcu1qCcw
Merely watching that guy “dab” was worth it. And he did it three times!
Now this is epic
Fuck this piece of shit.
Odd (not at all) that Russia is not included. I know that we lot do about $3.5 billion in trade with them but some places that we hit with tariffs are not even inhabited.
And you made him president again not mentioning how he was even able to rise so high in power.
United Stupids of America
The thing that makes no sense to me is… who is actually making those calculations?
It sure as hell isn’t trump, I doubt his ability to understand what a trade deficit is.
Is he even capable of describing his goal to someone in a useful way such that they could come up with the calculations?
It's literally chatgpt, or one of the other AIs. They're all spitting out the same nonsense.
I mean vaguely plausible except that I don’t think ChatGPT could do anything with what trump could ask it.
And honestly ChatGPT would probably come up with a much much more sane policy than this one
Some people tested this and it seems most likely what happened:
https://www.theverge.com/news/642620/trump-tariffs-formula-ai-chatgpt-gemini-claude-grok
The dude majored in economics and very clearly does not understand how a trade deficit works.
He barely passed an undergrad econ degree at Wharton. Wharton's MBA program is well-regarded, its undergrad program was, at that time, barely selective.
Rich kids get gentleman Cs like GWB did at Yale. There was no possibility that he wasn't going to pass.
From Trump University?
"Make America Wealthy Again"
Tariffs don't charge the foreign entity
American companies pay the tariffs
The "America" being made wealthy must mean the government
The same government that isn't paying out to USAID, researchers, or anything else DOGE plugged
Less money out, more money in.
This will be remembered as the largest migration of money between classes in US history.
American companies pay the tariffs
American companies pass throught he tariffs. American people pay them.