r/interestingasfuck • u/ShreckAndDonkey123 • 1d ago
The US will suffer the most from longterm 25% tariffs it imposes on other countries
[removed] — view removed post
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u/BaconFairy 1d ago
Where does Australia stand in this chart?
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u/Ric0chet_ 1d ago
We are yet to find out. Minimal tariffs overall, and a trade surplus that will likely decline. We just can't bend to his whim and give up the PBS and our Biosecurity otherwise it would fuck us even more.
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u/rindthirty 1d ago
I reckon it'll go very well so long as Temu Trump doesn't win in May. Our trade with China can never be taken for granted. Can't say the same about the US though, especially now that AUKUS is also starting to have a cloud of doubt.
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u/namaste652 1d ago
Godspeed Trump.
You are doing the lord’s work in destroying America.
And by lord, I of course mean Putin and Xi.
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u/Wyrm_Groundskeeper 1d ago
And even if the guy isn't a russian wood puppet (somehow) the orange might as well be one with what he's doing.
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u/ale_93113 1d ago
You can discount Xi here, as they will also be very heavily affected by the tariffs, the only friend trump has is putin who has not been subjected to additional tariffs
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u/Personal-Act-9795 1d ago
China has moved most of its exports away from the US, it does more trade with the rest of the world then the EU and the US.
They learned after the first Trump blanket tariffs to not trust the US.
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u/Firm-Can4526 1d ago
For anyone who has read the 3 body problem, the second line takes a very powerful meaning haha
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u/Loose-Interaction-23 1d ago
And the global economy, as for the moment, most FIAT currencies are tied to US $
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u/GoStockYourself 1d ago
I aren't so sure about Xi. I think Xi would prefer to maintain the old order which they were doing very well with. Putin absolutely wants to break it, though.
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u/clueless_sconnie 1d ago edited 1d ago
Even if all countries retaliate against the US, they probably won't retaliate against all of the counties with tariffs from the US, so the US will feel the most pain
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u/trissie224 1d ago
Yeah the us is getting a whole load of tarrifs and the target countries are working on free trade deals together while slapping tarrifs back on the us
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u/newfor2023 1d ago
Who could have seen this coming?
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u/Underwater_Grilling 1d ago
Smoot and Hawley?
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u/harnishnic 1d ago
Putin?
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u/MNCPA 1d ago
Weird, no tariff for that country
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u/275MPHFordGT40 1d ago
Obviously America’s strongest trading partner would never get tariffs.
Wait
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u/Aggravating_Jump_453 1d ago
Absolutely Putin, the orange disease will do whatever his owner tells him to do
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u/fatbunyip 1d ago
I mean those are 2 guys that definitely didn't see it coming. But I like the energy.
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u/Bobby_Bako 1d ago
Anyone with a basic understanding of economics and international relations?
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u/iampuh 1d ago
Why do you people (no worries, im a passionate Trump hater) pretend that this isn't their plan? It's pretty clear what they are up to and they said it over and over again. Introducing tariffs and making the dollar fall is part of the plan. You suffering is part of the plan. But if the dollar tanks producing in the US will be cheaper for foreign companies and by this they can circumvent tariffs. Again, this is all planned and it will continue for multiple years.
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u/The_Dutch_Fox 1d ago
Also, the countries fighting back will actually target their tariffs in a smart way in order to cause maximum harm to the US and/or red states, instead of slapping a blanket tariff like dumb fucking fucks.
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u/Xenolifer 1d ago edited 1d ago
Something I was wondering since I saw someone talk about it on a rightish sub and I didn't have an answer to that :
Aren't those tarifs reciprocal ? Like most of the countries already had a 25-40% tarif on some or all US goods ?
I do know that the average consumer will be the one to suffer from that, but purely from an economical balance pov and boosting your own manufacturing in the long term it do make more sense
Edit : guys no need to downvote, I'm not even from the US and just don't want to go into a right wing rabbit hole to understand an infographic that's all
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u/NeedToVentCom 1d ago
No they didn't. That's what Trump claims they have, but it's entirely based on trade deficits, which he thinks is unfair for some reason.
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u/iHachersk 1d ago
The numbers on Trump's infamous table aren't even tariffs that countries impose on the US. It's some weird calculation with the trade deficit.
Since the US is a huge consumer, it of course has a trade deficit with many countries. That isn't necessarily a bad thing, because the US cannot produce all of its products (good luck for example mining cobalt for your batteries if you don't have any cobalt deposits in your country).
And even if you import a lot of goods, often it is cheaper to import than to produce it natively. For example, certain climates around the world are more suited to growing particular crops. Why for example should you spend so much money artificially controlling the climate to grow mangoes in the US, when elsewhere they are much cheaper to produce, and you can simply import them?
Everything Trump does has so little nuance.
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u/yejimarryme 1d ago
Did EU and China worked on free trade deals or did EU imposed one way tariffs on chinas electric cars?
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u/7374616e74 1d ago
Something tells me that not only will they not tarriff each other, but they will try to open their market more to each other.
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u/unleashedcode 1d ago
Already new channels and discussions are open to all effected countries. Canada has already done some huge deals with Europe and China off the back of this.... Europe as a whole are looking elsewhere and Asia in general are keen to bypass America. Trump basically closed the doors of international trade... so Asia are looking to replace millions of customers.... Europe are happy to negotiate. Win for everyone but the US
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u/Resident_Rise5915 1d ago
Prices are getting ready to go up for most everything and those with the least money will feel it the most. And those with the most money will feel the hit too as everything will become more expensive.
It’s a stupid tactic and republicans not named Trump will burn for this.
Remember all the idiotic I did that stickers? Well cars, housing, food and even fruit will be more expensive now. Trump effectively took away a lot of people’s money for some deluded tariff scheme.
If he wants to bankrupt his own companies fuck it I don’t care. Stealing money from all Americans…Republicans won because of dinner table politics. Ironically they’ll also lose because of that as COL is about to increase for everyone.
Team blue needed a gift to get back in the game. They got it. It’s their job not to fuck it up now
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u/24-Hour-Hate 1d ago
That’s exactly why. And it’s not just tariffs. People are boycotting American goods. So Americans will face not just rising prices, and difficulty selling their own goods abroad for a higher price…but difficulty selling at all. And tourism is crashing.
And to be clear - this is not just about tariffs. We have had tariffs and trade disputes with the US before. What is new is their rise to fascism and threatening other countries, including mine, with annexation. What is new is that it is no longer safe to travel to the US because if they feel like it you could get tossed into an immigration detention black hole. You get disappeared. There are reports of weeks long detentions at the US-Canada border now.
Do not go to the US. Double don’t go if you are not a white cis man. It is not safe.
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u/reddurkel 1d ago
And on top of international boycotts, this will spur more manufacturing in other countries which is the opposite of his “made in America” plan.
No American companies are going to (heavily) invest in American manufacturing if there’s no longer an international market for their goods.
At the best we’ll get false promises from the big names (like Apple constantly pretending they’ll build factories) but in the end most will just wait for Trump to leave and see if the next guy can fix foreign relations. But for now, raise those prices to be the new normal.
We are all seriously screwed.
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u/htororyp 1d ago
Even if the next guy fixes foreign relations, those prices will be the new normal regardless.
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u/StarpoweredSteamship 1d ago
COVID showed us that. "Oh the SUPPLY CHAINS" bitch, it's been years, put it back. Problem is it's not just the END manufacturer that does this. Materials THEY buy ALSO do this. It's just everybody fucking everybody.
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u/Johnnygunnz 1d ago
My hope is that the companies and rich fucks who put him there see how badly he is for their bottom line and start turning on him. Not that I want them as an ally, I just don't want them as his ally, and I want him isolated and alone because of his actions. I hope he fucks it up so bad that they need to rethink their actions going forward.
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u/Claim312ButAct847 1d ago
Damaging America is the point. This is all Putin holding the wheel. The entire point of this term is to ruin America as much as possible and destroy Russia's greatest enemy.
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u/Sir_Poopenstein 1d ago
Would you build a new factory in a country that is being tariffed by every other nation in earth, where your materials can't be affordably sourced domestically, and where there isn't a large, cheap workforce?
Or would you rather go literally anywhere else?
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u/DOE_ZELF_NORMAAL 1d ago
Ah yes, the classic “punch yourself in the face to teach others a lesson” strategy. Bold move, let’s see how that plays out.
Nothing says America First like jacking up prices on Americans while other countries shrug and carry on with slightly cheaper groceries. But hey, at least we showed Canada who's boss by... paying more for maple syrup and car parts?
Peak 4D chess.
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u/Resident_Rise5915 1d ago
Trumps idea of we’ll make Americans pay more for your shit so they’ll buy less of it and it means American industry will pick up the slack and eventually start making the same shit….
We had cheap goods. Things really weren’t too bad. Now we pay more for some senile deluded idea that’ll plunge us into recession.
This isn’t some thought experiment. Everyone reading this will effectively be making less money as cost of living will go up and there won’t be some grand payout for this.
Well pay more, Trump sinks the economy, democrats win reverse tariffs…and then we all paid a whole lot more for some stupid fucking idea
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u/DOE_ZELF_NORMAAL 1d ago
The whole “we’ll suffer now so we can manufacture socks again in 10 years” idea sounds patriotic until you realize modern supply chains aren’t LEGO sets you can just rebuild in a weekend. And most Americans aren’t lining up to work in textile mills or chip fabs for $16/hour with no benefits.
Reshoring makes sense on paper, but using tariffs to force it is like trying to grow your own food by burning down the grocery store first.
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u/Resident_Rise5915 1d ago edited 1d ago
Tariffs might’ve worked when industrialization was taking place…back in the 1900s. Country and world was much different then. To start there was urbanization. Farm workers came to the cities for better wages…don’t think that’s going to happen now….and we could go on and on about the ways the world is different then it was 150yrs ago…
Trump is effectively betting on America re-industrializing when that’s just not going to happen. Americans won’t work in sweatshop like conditions for low pay in order to make cheap goods.
But tbf Trump isn’t smart enough to think about the theory behind this, he’s doing this on a whim and as always he’ll let others clean up his mess
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u/lynxerious 1d ago
they already deported the ones who were lining up to work in textile mills
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u/Jumpy_Spend_5434 1d ago
The different states will just follow Florida's lead and allow children to work longer hours and overnight
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u/st-shenanigans 1d ago
A comment the yesterday called this "the biggest nut punch in economic history... Using YOUR nuts!"
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u/Wise-Indication-4600 1d ago
It's amusing because America thinks the world needs them, but for the last 10-15 years while the USA has been squabbling about dems vs repubs, China has been picking up the slack and becoming the new USA to a lot of third world countries.
Xi must be loving this, his economy will boom beyond measure
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u/Environmental_Job278 1d ago
It depends on which country China is dealing with, but the “debt-trap diplomacy” in Africa and South America may not have long-term benefits for everyone involved. China's debt issue is piling up, and the countries they are bleeding dry aren't going to bail out their economies completely. If they aren't careful, the “economic boom” will be supported by an already collapsing framework. At this point, the Chinese government is basically just a gigantic private equity firm, but it has less regulation.
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u/Environmental_Bad345 1d ago
I torn between believing this man really is a compromised Russian agent or just really fkn stupid.
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u/MuJartible 1d ago
What makes you think both options are mutually exclusive, though...?
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u/simonbleu 1d ago
I mean, if we take it seriously, one would require a certain level of intelligence to actually cause harm on purpose and not screw up the screwups
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u/alfypq 1d ago
Have you ever watched The Americans? Most of those people they "recruit" do not realize they are Russian assets. They just think they are being good friends.
I don't think Trump is knowingly a Russian agent, but he's useful to them just the same. He's easily manipulated with basic flattery, and has zero filter or sense of patriotism to guard secrets. Trump genuinely thinks he is taking advantage of them (for his own gain), and they are happy to let him think that (part of the flattery).
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u/Whatsapokemon 1d ago
Obviously.
A tariff is literally just an import tax.
He's just raised taxes for US citizens by thousands of dollars per year.
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u/Thin_Explanation4088 1d ago
Probably an unpopular opinion. But maybe this will finally put an end to all the cheap barely used ikea goods I see on the sidewalks of every American city on trash day. Maybe people will learn to value things and be waste-mindful.
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u/GoStockYourself 1d ago
Canadians are learning this big time right now. Discovering that an expensive locally made product will outlast 10 of the cheap ones and that local restaurants are way better and just as cheap as the shit US chains everywhere.
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u/zappy487 1d ago
I haven't seen a new Yorker shoot themselves in the foot this bad since Plaxico Burress.
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u/CornusControversa 1d ago
I always knew Trumpism would end in tears, but whats sad is that when it does end, the damage will already be done. Trump will probably die of natural causes and his family and supporters will just go quiet and disappear. The billionaires will again pivot back to reality and scrub the internet of their involvement.
The damage he has done to America, in such a short space of time, is unbelievable. Everything is based off things he sees online, not reality. Alliances which took decades of strategic work ended overnight. It will take time for America to experience genuine anti-US sentiment from previous allies but it will happen on this trajectory.
Industry will never return to the US on the scale he predicts, they will build factories to keep him sweet, but the majority of work will take place elsewhere. “Make America Great Again” caps will continue to be made in China and globalisation will continue.
Trump is just a blip. Elon Musk needs to be put in jail for blatant interference in democracy.
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u/angels_10000 1d ago
Genuine question about the chart. If it's showing the U.S. gaining 5.5% inflation, then the other countries in blue will be in deflation? Because that's not good either. In fact most of the time that's happened in history, it's worse.
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u/ale_93113 1d ago
yes, thats why EVERYONE says that trade wars hurt everyone, both sides lose, and if you are really commited to it its just about who loses the least
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u/FlipFlopTm 1d ago
It's about the impact of the tariffs on the inflation of a country, not on the total inflation of a country.
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u/MrRoboto12345 1d ago edited 1d ago
Republicans don't care.
Republican Congresspeople may care, once they begin losing money (reminder, they're only millionaires and eventually retire, too) as well as support and benefits in the future alongside the entire populous, but in general, they won't care.
Until things are so expensive that everyone will not be able to buy anything BUT necessities—no extra sweet treats at the grocery store, no new phones, tvs, subscriptions, shoes. clothes, etc—they will not care.
The US runs on wants. If no one can buy wants, it turns into chaos.
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u/DoubleBroadSwords 1d ago edited 1d ago
Wait… but Trump said he was a genius. So I believed him. I thought bankrupting 6 companies and squandering his father’s fortune would have made him an expert with money. Frankly, I feel duped. (And I do I really need to point out that this is /s and Trump is a sack of /sh** too?)
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u/Pocketcrane_ 1d ago
Huh, ya don’t say. It’s almost like EVERY PERSON WHO HAS ANY INKLING OF KNOWLEDGE IN ECONOMICS HAS BEEN SAYING THIS. Super weird tho hopefully not 🙏🏻🙏🏻
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u/Synner1985 1d ago
Oh well, let them suffer under their "Great dictator" - play stupid games, win stupid fucking prizes, clearly lessons were not learned from 1930 and Hoover's fucking mistakes.
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u/Maleficent-Ad-7200 1d ago
Question that I haven’t heard yet. If we’re going to suffer so bad from these tariffs. Why aren’t the other top countries suffering from the tariffs they put on our goods?
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u/simonbleu 1d ago
Because those tariffs are made up.... no one is charging that to the US
But deflation is not good btw
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u/Maleficent-Ad-7200 1d ago edited 1d ago
Which countries do you think aren’t charging tariffs or taxes/fees that we’re claiming are?
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u/8to24 1d ago
Apple sold 250 million iPhones last year. Only 100 million of those were sold in the U.S.. whether it's cars, phones, refrigerators, apps, etc Companies sell globally. California exports $1.5 billion in wine per year. American brands like McDonald's, Nike, Coke, M&MS, Ford, Whirlpool, Smith & Wesson, Jack Daniels, Colgate, John-Deer, sell products all over the world. Not just in America.
People's retirement accounts (401Ks, IRAs, etc) are linked to the performance on the stocks market and value of the above named brands. The consumer base within the United States alone is not big enough to support the value of Apple, Netflix, Procter & Gamble, Boeing, etc. Their growth and revenue requires a consumer base of billions of people and not just hundreds of millions. Which is why free trade has long been promoted by pro-Business interests.
Tariffs might make German cars more expensive to buy in America which theoretically might push people towards an American made car. However the reciprocal Tariff makes the American car harder to sell in Germany. Trade offs that may or might be worth it. Tarrifs complicate the environment for business.
We can have semantic debates over the distinction between Tarrif vs tax until we are all exhausted. Ultimately though Tarrifs hamper the international growth of businesses. That restricts markets, reduces investment, and ultimately limits value/worth.
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u/EeyoresTail5451 1d ago
Trump doesn’t care. Tariffs are a tax on the middle and lower classes. They may vote for him, but he doesn’t care at all about them.
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u/Agreeable_Goal_4229 1d ago
US is fighting back against Trump tariffs https://apnews.com/article/tariffs-canada-congress-kaine-8e4d8f79f7ae43d83ca0c7269c23f81c
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u/iWesleyy 1d ago
This is symbolic at most as they wont allow a vote on it in the republican controlled house. And even if they did Trump would veto it.
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u/Agreeable_Goal_4229 1d ago
That’s a good point. Just little rays of hope are giving me life right now.
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u/mrbluetrain 1d ago
That Trump is not informed on basic economics is nothing new. But where are the opposition? Why are not people protesting??
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u/RaveyWavey 1d ago
The US basically decided they are too rich and thus are applying sanctions to themselves.
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u/International-Log904 1d ago
You guys don’t understand tariffs and macroeconomics.
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u/Jolly_Law_7973 1d ago
No shit. Non-idiots have been saying that tariffs are bad for the US economy. At this point I think those in power have a lot of short calls that are going to make them wealthier at the expense of everyone else.
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u/TheMooseIsBlue 1d ago
It doesn’t matter. Republicans won’t turn on Trump and democrats would never vote for him/them so he cannot be hurt domestically no matter how bad he makes things here.
But if he hurts other countries enough, they might be bullied into giving in. So he wins because he can’t possibly lose his ignorant, cultish base.
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u/Wild-Language-5165 1d ago
Oh no 😱 The big bad tariffs and little red, white, and blue riding hood.
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u/Scruffy_Nerf_Hoarder 1d ago
I won't be able to retire until I'm 90 but at least we're keeping 20 trans girls out of college sports! /s
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u/Foreign_GrapeStorage 1d ago edited 1d ago
Well, the idea is to create more high paying jobs inside the U.S…..Not lower prices.
This will be like one of the talking points Democrats used during the campaign pointing out how "Everyone's taxes went up during Trump's first term" while leaving out that it was because the average wage earned by American workers went up.
Now....If in 4 years there aren't more jobs and businesses based inside the U.S. that will be different, but gas lighting people with the cost ignores both the point and possible benefit.
Ultimately the goal is to get rid of income tax. I'd rather pay 10% more for the shit that I buy rather than 10-37% of everything I earn.
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u/modsaretoddlers 1d ago
Well, duh. We learned this precisely a century ago. Last time it caused the Great Depression but, sure, let's FAFO just to see how it turns out this time.
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u/AstroGoose5 1d ago
Trump is good at two things, bankrupting his own companies and his own country.
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u/cmbaldwin321 1d ago
In what timeframe are these projections?
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u/filip34pp 1d ago
In made up land time. This is completely meaningless and arbitrary. Not only is there no way to measure any of this but you are assuming 300+ countries in the world slap extra 25% tariffs on the us and are willing to completely bankrupt themselves.
I don’t support the tariffs whatsoever but shit like this made up graph boils my blood.
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u/BadInfluenceGuy 1d ago
Canada and Mexico needs to start pivoting their trade partners. They can't have the bulk of their trades with one country anymore. When the US goes on a a mental breakdown spree, you're forced down with them.
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u/dustcropper225 1d ago
This is very misleading. They already have higher prices because of their own high tariffs so not expected to go up.
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u/bigblueb4 1d ago
The peasant will suffer the most. The American peasants. The rural people will suffer the most. Fucking inbreds
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u/Xenolifer 1d ago
Kinda surprising since I wouldn't say that the US was at a negative balance trade with anyone beside maybe china and Taiwan .
Having a negative trade balance with one country is ok, but having a global negative trade balance that is higher than your inflation is a bad thing because it either means your public debt is increasing faster than inflation, or that you are loosing possession of your countries to foreign interests and fundings institutions
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u/Unhappy_Surround_982 1d ago
5.5% implied inflation?! Holy hell. That would mean a FED rate way above that, prolly like 7%+ and a mortgage rate easily above 10%. Have fun Muricans...
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u/RapscallionSyndicate 1d ago
I wish people would share how they arrived at these numbers. I'm a numbers guy. Just posting a graph is essentially useless. I'm not saying these students don't know their material but where's the research? What formulas are you plying?
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u/RainOfAshes 1d ago
Trump is betting on companies to move production to the US. Any company you see moving production to the US is making it worse for everyone else in the long run, costing jobs elsewhere.
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u/_CaptainCooter_ 1d ago
Yes, this is how it works. We are the deficit economy, and the others are surplus economies. The point is competition in our market.
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u/SpookDaddy- 1d ago
why does Canada(where I live) have to be right beside the country where half the population have at least 5 crayons shoved up their nose😭
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u/blerpblerpin 1d ago
If the US economy is crashed, Elon and other billionaires can swoop in, buy it all up for pennies on the dollar.
Same with our government. By eroding all trust in our systems they're creating the foundation for a privately funded country that is owned and operated by a handful of wealthy people. "No healthcare? Don't worry, we got you 👽"
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u/Important-Feeling919 1d ago
Not clued up in anyway but isn’t it disadvantageous to put tariffs on everyone, while they’re not putting tariffs on each other? Means they’ll trade more with each other and less with you, right? Now if everyone was forced to tariff everyone else then it wouldn’t be as bad.
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u/limitbreakse 1d ago
What a Loser country it’s become. How the mighty have fallen. Invest in education, folks.
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u/SteelMarch 1d ago
Looks like rates aren't going to be decreasing for the next 4 years at the least.
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u/Beautiful-Aerie7576 1d ago
As someone born and raised in America and living in Canada, all I feel looking at this chart is pain.
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u/pooooork 1d ago
They are planning on replacing the dollar. That's why they are making crypto banks with public funds.
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u/Powerful_Lobster628 1d ago
Wrong way of looking at it. It will hurt for a time, but already dozens and dozens of foreign countries have made plans to open manufacturing plants within the US to avoid this. This will revamp middle class and jobs. This will help decrease the national debt and help Americans. Just like when you are over weight and out of shape is sucks for the first few months working out. Once you like the way you look in the mirror it all was worth it. We have 37 Trillion in national debt. Idt 99% of Americans can even write that out with the correct amount of zeros. The administrations of the past have never addressed the debt and only have added to it. We have to try something new, let’s get jobs back to America and stop allowing other country’s to feed off of us.
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u/continuousmulligan 1d ago
How long will USA citizens allow trump to remain president? Asking for a friend
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u/RobbyRock75 1d ago
It’s like this manufacturing potential Trump Requires is already in the United States and trained employees are just standing at attention and ready to work on whatever they are tasked to manufacture.
It’s so insanely short cited to make changes before you are ready to swap over
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u/LightSpeed810 21h ago
Man, recent events make moving away more appealing. The wife and I had been thinking about retirement in Thailand. However, we have young kids and figured we'd wait until they were at least in college. Perhaps we can research international schools over there
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u/interestingasfuck-ModTeam 1d ago
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