Live updates: Business leaders warn Trump tariffs will raise prices for US consumers
apnews.com
President Donald Trump's barrage of “reciprocal” tariffs shows a willingness to dismantle the global economic system. Business leaders warn the tariffs will increase costs for U.S. consumers.

cross-posted from: https://lemmy.ca/post/41675354

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%

  • Lucky_777@lemmy.world
    48·
    2 days ago

    Idiot fuck will make everything more expensive. This isn’t short term pain like they will bullshit you, it’s going to be this way for 3.5 years.

    • OfCourseNot@fedia.io
      35·
      2 days ago

      Lol 3.5 years! The damage done in just these three months would take decades to fix. I think it’s very likely that America will never recover from four years of Trump.

      • Coelacanth@feddit.nu
        7·
        2 days ago

        If the American Experiment produces a President Trump, can we now conclusively say that it was a failure?

      • Monkey With A Shell@lemmy.socdojo.comEnglish
        5·
        2 days ago

        Not even 3, barely into April…

        If anyone isn’t a neurotic wreck after a couple years of this they where probably not fit for polite society to begin with.

    • k0e3@lemmy.ca
      1·
      1 day ago

      You make it sound like it’ll be over in 3.5 years. This damage is deep and won’t suddenly go away when Trump is gone (IF he’s gone).