r/Wellthatsucks • u/CorleoneBaloney • 2d ago

The Dow drops 2,000+ points after China retaliates against Trump’s tariffs

Post image
34.4k Upvotes

94% Upvoted

868 comments sorted by

View all comments

Show parent comments

526

u/neobow2 2d ago

tariffs placed on every country except Russia and North Korea

Jesus christ… I don’t know how I hadn’t heard of that until now. That is just comically stupid

400

u/Fit_Yak523 2d ago

Don’t worry, it gets stupider. Their justification is there’s virtually no trade between the countries, but multiple completely uninhabited islands had tariffs  placed on them. Also, the US literally had a trade deficit of 2.5 billion with Russia last year…

198

u/neobow2 2d ago edited 2d ago

Trump’s tariffs were calculated as the country’s trade deficit divided by its exports to the United States times 1/2

That means trump “should” have actually put a 42% tariff on Russia right?

($2.5B deficit / $3B Import to US) * (1/2) ≈ 41.67%

82

u/RamXid 2d ago

Correct.

36

u/Halcyon_156 2d ago

Whoa hold up we don't do that here.

17

u/EduinBrutus 2d ago

You forgot the modifiers.

You need to add psi and epsilon to the denominator.

psi = 4

epsilon = 0.25

This is important maths!

12

u/mrrainandthunder 2d ago

I couldn't sense if you were joking or not, so I looked up the statement from the White House:

The price elasticity of import demand, ε, was set at 4. [...] The elasticity of import prices with respect to tariffs, φ, is 0.25.

I am at a loss for words.

6

u/mrrainandthunder 2d ago edited 1d ago

I couldn't sense if you were joking or not, so I looked up the statement from the White House:

The price elasticity of import demand, ε, was set at 4. [...] The elasticity of import prices with respect to tariffs, φ, is 0.25.

Epsilon at least has some thought behind it, though not much to suggest it should be exactly 4. Phi? No clue. Probably due to sigma being 4, lol.

5

u/EduinBrutus 2d ago

Oops I had it the wrong way round.

Ill never make it as a serious DOGEr.

1

u/Realistic-Permit 2d ago

The real crime was confusing phi with psi. Go to Greek/Physics jail.

36

u/Fauster 2d ago

I haven't tried it, but apparently the formula and variables the Trump team used and falsely labeled as tariffs (they are a trade deficit divided by two), are reportedly what ChatGPT gives you if you ask it to generate a new tariff policy. We are so screwed.

1

u/invention64 1d ago

I keep seeing this, but I don't think an AI copying a currently enacted plan is proof of anything. Most of the newer AIs can pull from current news sources so of course they'd lay out a similar plan.

53

u/HellBlazer_NQ 2d ago

Dude!

For too long have them penguins abused the friendly trade relations of the USA.

FUCK THEM GREEDY PENGUINS!

24

u/GrimDallows 2d ago

It's like starting a fight with everyone and taking turns to punch each other.

  • You give one punch to all the other 40 guys.
  • You receive 40 punches (one for each guy).
  • You give out one punch to all other guys.
  • You receive 40 punches.
  • Repeat.

And the funny part is claiming that you will win this fight because you are in better shape than any of the other guys indvidually.

This is how stupid this is.

8

u/ieatmuffincups 2d ago

This is how stupid this is.

Thats because your not wearing a suit. Now say thank you, and get back to work.

1

u/Masticatron 1d ago

Nobody beats off 40 guys at once like Trump!

11

u/Paksarra 2d ago

He put a tarrif on an island that is 100% populated by United States citizens-- there's a military base on an island that's otherwise uninhabited.

1

u/thestash41 2d ago

They literally buy essentials from Russia... if they tariff it, they'll have to pay from their pockets more.

14

u/AceBean27 2d ago

Don't forget Belarus

3

u/IncorruptibleChillie 2d ago

It’s not stupid. It’s intentional. Donny two scoops loves his pooty and his kimmy so much he refuses to do anything to upset them

2

u/moderately-extremist 2d ago

That is just comically stupid

The problem is, it's not. It's intentional to align us more closely with Russia.

2

u/spasmoidic 2d ago

well we officially don't trade with them at all

13

u/round-earth-theory 2d ago

We don't officially trade with Antarctica either yet there's a tariff.

3

u/Tymew 2d ago

At this point I'm actually surprised they didn't list Africa as one country.

2

u/KaiPRoberts 2d ago

Have to put tariffs on those pesky scientists that keep trying to publish research and shit. Can't have that.

1

u/spasmoidic 2d ago

wait, really? lol

12

u/RT-LAMP 2d ago

Not true, the US still imported several billion dollars worth of Russian goods in 2024.

1

u/[deleted] 2d ago edited 2d ago

[removed] — view removed comment

1

u/RT-LAMP 2d ago

Not true, the US still imported several billion dollars worth of Russian goods in 2024.

1

u/oskee-waa-waa 2d ago

I stand corrected.

1

u/DonutsMcKenzie 2d ago

We're all gonna be eating North Korean canned food a year from now. Watch out for the parasites.

1

u/Vegetable_Distance99 2d ago

Also Belarus, and I think he missed a few of the penguins islands.

1

u/UndercoverHouseplant 2d ago

Not stupid, just malign.

1

u/Apart-Combination820 2d ago

Xi Jinping is fumbling rn, trying to open “Diplomacy Options” tabs with every country in the Western Hemisphere.