Trump's tariffs send shivers across world markets as economists warn of recession risk
apnews.com
The U.S. president's move has provoked dismay and calls for further negotiations to make trade rules fairer.

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%

  • deegeese@sopuli.xyzEnglish
    26·
    2 days ago

    Tarrifs are a Trump Tax on ordinary Americans so they can give tax breaks to billionaires.

    • brucethemoose@lemmy.worldEnglish
      71·
      2 days ago

      Bingo.

      It’s true in many roundabout ways, but the math adds up to “break for billionaires.”

      Like, it’s full of nepotism and revenge, too. The Taiwan tax sucks. And take the discrete tax on automobiles and auto parts: I’ll give you one guess on who that benefits.

    • bstixEnglish
      1·
      2 days ago

      Maybe Americans should consider not paying taxes in the first place.