Trump signs sweeping reciprocal tariff plan

[SIXERS24]

We will tariff nations at the rate they currently tariff us.
This seems only right.



CNBC ARTICLE

 

[IACub]

Feels overly simplistic, but at face value it isn't the worst thing that Trump has done.

 

[RagnarLothbrok]

We will tariff nations at the rate they currently tariff us.
This seems only right.



CNBC ARTICLE

I have no problem with this,

 

[SIXERS24]

“Did you know when you ship a car from the US to Europe, if they let it in at all because they have many nontariff barriers, between the VAT and duties, that car is taxed at 30%? The German car—or a European car sent the America is taxed at 2.5%—or basically 0.”

 

[IACub]

“Did you know when you ship a car from the US to Europe, if they let it in at all because they have many nontariff barriers, between the VAT and duties, that car is taxed at 30%? The German car—or a European car sent the America is taxed at 2.5%—or basically 0.”

To be fair, many EU tariffs were put in place to reduce emissions, if I'm not mistaken. I could be wrong.

 

[SIXERS24]

They have much more to lose

• The total bilateral trade in goods reached €851 billion in 2023. The EU exported €503 billion of goods to the US market, while importing €347 billion; this resulted in a goods trade surplus of €157 billion for the EU.

EU sells more than they buy

 

[Joes Place]

We will tariff nations at the rate they currently tariff us.
This seems only right.



CNBC ARTICLE

Total Income Tax Base: ~20T a year
Total US imports we can put tariffs on: $3T/year

We'll put tariffs on imports that will raise a pittance, at the same time depressing manufacturing/business which will subsequently reduce income tax receipts (even w/o a tax cut)