Trump to announce reciprocal tariffs by Thursday as trade war fears mount

Get ready to get what you voted for MAGA-friends...

Trump 2.0 - all inflation, all the time...

Trump . . . The Oprah Winfrey of tariffs:

A tariff for you, and a tariff for you! And one for you way in the back row!

Latest statistics show that Russia's GDP grew by 3.6% in 2023, and by 4.1% in 2024.

China's was 5.3% and 4.8%.

The two most sanctioned major economies don't seem to be doing too badly.

Now for more inconvenient truths:

USA: 2.9%, 2.8%

UK: 0.1%, 0.6%

Germany: -0.3%, -0.2%

Japan: 1.9%, 0.9%

Australia: 1.9%, 1.8%

France: 0.7%, 1.6%

The two most sanctioned major economies don't seem to be doing too badly.

as if we could ever rely on numbers out of russia or china.

Your inconvenient truths just show what true transparent accounting looks like.

This isn't a MAGA thing in this case.

1-sided tariffs are punitive whether the US or some other country does it.

It is a fair trade thing. If a country has tariffs on US imports and equal amount of tariffs on imports from that country into the US is only fair. 1-way trade is a huge problem and it leads to trade imbalances, if it is 1-sided.

The US has needed to do this for decades.

Reciprocal taxes, reciprocal tariffs, reciprocal fees all make sense. And I expect those countries to do the same to get to a zero-trade balance.

The only time that tariffs should be avoided is when the raw materials are shipped so they can be "improved" for much, much, costlier products to be sold world-wide.

> This isn't a MAGA thing in this case.

1-sided tariffs are punitive whether the US or some other country does it.

It is a fair trade thing. If a country has tariffs on US imports and equal amount of tariffs on imports from that country into the US is only fair. 1-way trade is a huge problem and it leads to trade imbalances, if it is 1-sided.

The US has needed to do this for decades.

Reciprocal taxes, reciprocal tariffs, reciprocal fees all make sense. And I expect those countries to do the same to get to a zero-trade balance.

The only time that tariffs should be avoided is when the raw materials are shipped so they can be "improved" for much, much, costlier products to be sold world-wide.

I agree.

This article concerns reciprocal tariffs - which means applying tariffs to countries that have already applied them to US products.

Let's try saying it again: reciprocal tariffs.

One more time: reciprocal tariffs.

The 8:39am post above highlights this fair point.

I was told the USA Constitution was the supreme law of the land.

From the USA Constitution:

Section. 8.

The Congress shall have Power To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States

That balances out sooner or later. Although the biggest and strongest economy, but are they really self-sufficient in all fields? I guess, when delivering nothing there temporarily, they not only quickly cancel their big mouthed import tariffs, but instead beg on knees to get again the one or another needed thing from many other parts of the world.

"Tariffs, tariffs, tariffs, I want tariffs, such beautiful tariffs, Make America Grotesque Again."

(darned spell-check)

In addition to much more also a trade war in the making .... Trump is just so good at instigating, inciting, and dividing!

People's economy in US will suffer a lot..

Thanks MAGA gang..