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] 15 points 1 day ago* (last edited 1 day ago) (10 children)

"The corporations own the government" made sense for a while, but Trump has done enough to hurt said corporations lately that I'm actually starting to question that idea (it's definitely true for the majority of Democrats though). The only real reason I can think of where it would make sense to do stuff like this is to cause a crisis making it easier to abuse power later on.

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

It's not the corporations, it's the billionaires that run them. Every time Trump does something that makes the stock market drop, they get richer by scooping up more for less. Than sell them when Trump says "Just kidding" and the stock market rises again.

Not to mention that all of their companies get to raise prices and blame "tariffs" in order to increase their profit margin.

It's the entire reason they paid to get him into the white house.

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