this post was submitted on 07 Apr 2025
246 points (97.7% liked)

News

36160 readers
3059 users here now

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 biased sources will be removed at the mods’ discretion. Supporting links can be added in comments or posted separately but not to the post body. Sources may be checked for reliability using Wikipedia, MBFC, AdFontes, GroundNews, etc.


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. Clickbait titles may be removed.


Posts which titles don’t match the source may be removed. If the site changed their headline, we may ask you to update the post title. Clickbait titles use hyperbolic language and do not accurately describe the article content. When necessary, post titles may be edited, clearly marked with [brackets], but may never be used to editorialize or comment on the content.


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, videos, blogs, press releases, or celebrity gossip will be allowed. All posts will be judged on a case-by-case basis. Mods may use discretion to pre-approve videos or press releases from highly credible sources that provide unique, newsworthy content not available or possible in another format.


7. No duplicate posts.


If an article has already been posted, it will be removed. Different articles reporting on the same subject are permitted. 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 or news aggregators.


All posts must link to original article sources. You may include archival links in the post description. News aggregators such as Yahoo, Google, Hacker News, etc. should be avoided in favor of the original source link. Newswire services such as AP, Reuters, or AFP, are frequently republished and may be shared from other credible sources.


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.

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] givesomefucks@lemmy.world 76 points 10 months ago (5 children)

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?

[–] kibiz0r@midwest.social 48 points 10 months ago

“Japan is sending all these cars, and what do we get?”

“…the cars?”

https://youtu.be/Mrje-m01kI8?t=3486

[–] Rhaedas@fedia.io 33 points 10 months ago (2 children)

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.

[–] AbidanYre@lemmy.world 25 points 10 months ago (2 children)

Wasn't the whole point of money to avoid that kind of barter system?

[–] floofloof@lemmy.ca 23 points 10 months ago (1 children)

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.

[–] MuskyMelon@lemmy.world 9 points 10 months ago

Well if you don't pay your loans or bills and declare bankruptcy when you've fucked up, you forget what money is.

[–] jonne@infosec.pub 14 points 10 months ago (1 children)

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.

[–] Serinus@lemmy.world 6 points 10 months ago (1 children)

I bet Putin and Xi would prefer that to change.

[–] jonne@infosec.pub 3 points 10 months ago

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.

[–] givesomefucks@lemmy.world 13 points 10 months ago

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...

https://www.youtube.com/watch?v=YAKOWcs8w54

[–] cravl@slrpnk.net 17 points 10 months ago

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.

[–] grrgyle@slrpnk.net 15 points 10 months ago

TFW you move manufacturing abroad but don't want to pay to import

[–] ShadowRam@fedia.io 6 points 10 months ago (1 children)

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.