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Trump announces sweeping new tariffs, upending decades of US trade policy (www.theguardian.com)

submitted 2 days ago by cm0002@lemmy.world to c/usa@midwest.social

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Donald Trump announced sweeping tariffs on some of its largest trading partners on Wednesday, upending decades of US trade policy and threatening to unleash a global trade war on what he has dubbed “liberation day”.

“This is one of the most important days, in my opinion, in American history,” Trump said, speaking on the White House lawn. For decades America had been “looted, pillaged and raped” by its trading partners, he said. “In many cases, the friend is worse than the foe.”

Trump said he intends to impose “reciprocal tariffs” on foreign imports, charging US trading partners the same duties imposed by the country of origin on the same goods. Among other examples, Trump criticized European bans on imported chicken, Canada’s tariffs on dairy, and Japan’s levies on rice.

Trump said the US would charge half of the fees he feels trading partners unfairly impose on the US because the US people are “very kind”.

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[–] ExtremeDullard@lemmy.sdf.org 17 points 2 days ago* (last edited 2 days ago)

Trump said the US would charge half of the fees he feels trading partners unfairly impose on the US

on US citizens, is what he left off.

[–] ExtremeDullard@lemmy.sdf.org 13 points 2 days ago

Well, you experienced the rise of fascism 1933-Germany-stylee, and now here's your chance to experience the Great Depression of 1929. The second Trump presidency is in fact a living history lesson.

[–] Corkyskog@sh.itjust.works 13 points 2 days ago (2 children)

I think the bigger thing is ending the <$800 loophole. This is going to kill sites like AliExpress and Shein.

[–] SpaceNoodle@lemmy.world 10 points 2 days ago (1 children)

TBF, Shein is total garbage and AliExpress isn't much better with the exception of that being the only viable supplier for a number of electronic components.

[–] Corkyskog@sh.itjust.works 4 points 1 day ago* (last edited 1 day ago)

I have had decent luck with Aliexpress. I find like anywhere, you get what you pay for. I find they have the same quality as Amazon, and actually better consistency. Amazon just doesn't aggressively market their cheap crap like those sites seem to.

[–] jacksilver@lemmy.world 3 points 1 day ago

See, that I'm okay with. Just do this and leave everything else alone.

[–] Fingolfinz@lemmy.world 4 points 1 day ago

Take your frustration out on magats since they hand delivered this bullshit