this post was submitted on 02 Apr 2025
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Among the reciprocal tariff levels Trump announced:

China: 34%

European Union: 20%

South Korea: 25%

India: 26%

Vietnam: 46%

Taiwan: 32%

Japan: 24%

Thailand: 36%

Switzerland: 31%

Indonesia: 32%

Malaysia: 24%

Cambodia: 49%

United Kingdom: 10%

Rest of the world: 10%

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[–] [email protected] 122 points 1 day ago (2 children)

China and Vietnam are producing a lot of the low cost every day items people use. It's going to hit the lower income people the hardest. Thank goodness I'm in Canada.

[–] [email protected] 7 points 1 day ago

Shit might hit the fan harder and faster in USA, but don't be fooled: Canada and every other country in the world will be gravely affected: less trade, prices inflate, some goods become hard to find at all at any price, etc. US $ after all is the big reserve currency and all international trade was de facto protected by US military hegemony. Probably countries like North Korea or Iran will see least influence from all this.. It's insane to watch this happening. Their main goal really just seems to be to create chaos. And from chaos... rises whatever authoritarian state they want to create after declaring some state of emergency shit and after the superwealthy gobbled up all the failing companies at bargain prices. It's like they're organising a reenactment of the "shock therapy" that crashed the Russian economy on a speedrun after the soviet union fell apart.

[–] [email protected] 20 points 1 day ago

Timu: shop like a billionaire because only billionaires can afford the cheap Chinese garbage.