r/worldnews • u/Significant-Colour • 1d ago

China strikes back at Trump with 34 percent tariff — bans rare earth exports to the U.S.

https://www.tomshardware.com/tech-industry/china-strikes-back-on-trump-tariffs-bans-rare-earth-exports-to-the-u-s
45.3k Upvotes

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4.3k

u/TheGOPisTheDeepState 1d ago

Trump Recession 2.0, GOP has caused 10 of last 11 recessions we’ve had since the 1950s. They are terrible for the economy.

1.9k

u/Schlonzig 1d ago

This needs to be repeated louder:

REPUBLICANS ARE TERRIBLE FOR THE ECONOMY!!!

438

u/DrManBearPig 1d ago

R= Recession

8

u/redditosleep 1d ago

"Vote R for Recession" needs to become a catchphrase.

2

u/dragonbear 23h ago

Really does. Recession part.

88

u/Illustrious-Dot-5052 1d ago

We can screech about this from the top of our lungs and it will still fall on deaf ears. Republicans have always been hopelessly stupid.

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u/PepeSylvia11 1d ago

Throw the 90 million nonvoters too. Just as stupid.

10

u/IAMA_Plumber-AMA 1d ago

Especially the ones who did it "to teach the Dems a lesson".

They got taught a lesson alright, that those voters rather step side and allow a fascist to rise to power if they don't get their demands met unrealistically rapidly.

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u/theoldshrike 1d ago

it's super easy. how do you grow an economy?  investment

why would you invest in an economy? answer; if there's a stable market  available

investment level has very little to do with the availability of funding. it's all predicated on the prospect of being able to sell what you've started to produce AKA a market

should have been clearer. giving money to the super wealthy has no effect on the level of investment. if it's worth investing, the money appears kind of by magic but mostly from Banks, other institutions etc

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u/tofubeanz420 1d ago

Always have been.

1

u/mybluecathasballs 1d ago

Google "two Santa's"

1

u/proofofderp 6h ago

Rejection of progress based in fear and insecurity. Bad for business, good for votes.

-43

u/PathologicalLiar_ 1d ago

Didn't the economy get worse in the Biden years?

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u/McSaggums 1d ago

Accurate username.

-33

u/PathologicalLiar_ 1d ago

The economy took a pretty big hit due to COVID. Numbers don't lie.

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u/Schlonzig 1d ago

And who used every opportunity to make the pandemic worse?

45

u/Alt4816 1d ago

What year did COVID-19 famously start in? What year did it cause a recession in the US?

What year did Biden take office?

24

u/martyqscriblerus 1d ago

That guy probably wonders why Obama wasn't in the oval office during 9/11

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u/doofthemighty 1d ago

This, folks, is what peak stupid looks like.

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u/truespaghet 1d ago

Must be hard being this stupid

5

u/sicklyslick 1d ago

Bro forgot which POTUS was trying to people to inject bleach.

23

u/Freaudinnippleslip 1d ago

We are on the internet, you can literally see for yourself.

In 2021 the real GDP grew by 5.9%, the fastest rate in 37 years. In jan 2021 unemployment was 6.3% and by dec 20204 it was 3.4, 3.4%!!!! That is the lowest in 50 years. Wages and net worth also grew substantially under him. So no the economy did not get worse.

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u/nuttininyou 1d ago

Trump himself said in 2004 that democrats are better for the economy.

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u/k_ironheart 1d ago

Trump Recession 2.0

This may very well turn into a Trump DEPRESSION. I don't think people appreciate just how terrible and disastrous this all is.

18

u/LikeADemonsWhisper 1d ago

Even the people who do understand simply cannot comprehend the suffering they shall endure.

3

u/Zombatico 1d ago

Ayep. Last 2 times we tariffed this hard, we either started or worsened a depression.

And not just that, Trump is working hard to isolate us from the world economically, socially, and militarily. I will not be surprised if the US dollar gets replaced by the Euro or Yuan as the global reserve currency. The USD has only been the reserve currency since the 1950s, it was the British pound before that.

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u/CanadianCompSciGuy 1d ago

Super great for the tippity top of the ultra rich. Less so for those dirty working poors.

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u/Oerthling 1d ago

99% of the population.

From the POV of multi-billionaires, millionaires are poor people.

3

u/soldiat 1d ago

Yup. Add another .999 to that number.

50

u/guarddog33 1d ago

Just you wait buddy, that trickle down is gonna be yuge!

/s

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u/zookytar 1d ago

I can taste the piss already

4

u/ArcticISAF 1d ago

Gold palaces for the rich in their underground bunkers. Everyone else can eat dirt.

2

u/IAMA_Plumber-AMA 1d ago

Let them hide in their hoards until the end of days. It'll be a miserable existence.

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u/Kurainuz 1d ago

I feel you, here in spain our biggest recesion was caused because the equivalent of republicans created in their previous goberment an unsustainable real state bubble.

They also lied about our biggest terrorist atack being vasque people and not radical islamist.

And caused the biggest pro independence movement in catalonia ever due to their economic and represive policies

It has also been proven that their economic policies of austerity damaged the economy when it was recovering

And somehow boomers and the new far right kids say that the right brings stability to our country.

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u/RobespierreLaTerreur 1d ago

But pronouns!

11

u/Odd_Perfect 1d ago

Yeah but at least Trump’s friends will buy on the cheap and get more rich. Why don’t you think about them!!

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u/ThermionicEmissions 1d ago

TBF, they're getting MUCH more efficient at destroying the economy.

3

u/Law-of-Poe 1d ago

And yet they still find masses of morons to vote R every cycle

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u/Tropicaldaze1950 1d ago

Trump Depression, when people are no longer buying cars or homes or paying their mortgages or credit cards because they've been laid off.

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u/DethFeRok 1d ago

Something something temporal lag… no you see if was the Democrat’s that made this happen! Look, there’s a trans person in your bathroom! Be afraid!!!!!

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u/real_nice_guy 1d ago

yes but the trans population!

2

u/General_Urist 1d ago

11 recessions? Is there a list somewhere? I only know 2008, post-covid, and the one Trump just started.

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u/manual_combat 1d ago

Do you have any data backing this? Would love to share it around.

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u/Kcb1986 1d ago

I’ve been around Republicans long enough in my life where I could tell them this fact, with receipts and they’d fixate on the one and say “both sides” if I’m lucky.

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u/filmguy36 21h ago

But don’t you worry the media will make sure that everyone knows the the Dems caused one of those recessions and that’s all they will talk about

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u/neoanguiano 1d ago

Recession Party

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u/Motor-District-3700 1d ago

why did Biden do that to us?

-13

u/Phadafi 1d ago

That's disingenuous. 2020's COVID recession wasn't the GOP's fault (I gotta admit it was worse than it should have been because of their policies, but they weren't the cause), and the last two recessions the dotcom bubble and the 2008's subprime crisis were both caused by Clinton's policies.

It is true that GOP's track record was pretty bad around the 70's and 80's.

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u/Similar_Grass_4699 1d ago

Wait. 2008 was caused by Clinton and not the 8 years of GOP rule and almost endless warfare in the Middle East?

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u/Tullydin 1d ago

The repeal of Glass-Steagall removed the guardrails that allowed the mortgage crisis to happen. Clinton was one of, if not the, primary forces behind it's repeal.

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u/Similar_Grass_4699 1d ago

Gotcha. Yeah, my father always ranted about its repeal. Never knew about Clinton’s involvement, although I’m not surprised.

It seems that both parties are bought out and it just depends on how hard we get fucked.