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A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by dzhiurgis on Thursday April 03, 2025 @03:14AM (#43565949)
IIRC they are trying to pay off their debt since they are on a brink of default. They don't want to borrow anymore.
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Re:US Administration announces 34% tariffs on China – 20% on EU by bawolff on Thursday April 03, 2025 @03:29AM (#43566074)
They are literally borrowing more right now. I believe at record levels. Billions per day.
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Re:US Administration announces 34% tariffs on China – 20% on EU by appointment on Thursday April 03, 2025 @06:06AM (#43567363)
The massive tax cuts Trump is trying to extend or introduce are much larger than the spending cuts proposed so far.

edit: Also the USA is nowhere near a default, unless congress chooses to not raise the ridiculous debt ceiling policy.

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