Re:Trump temporarily drops tariffs to 10% for most countries
by refurb on Wednesday April 09, 2025 @08:15PM
(#43639360)
This.
If anything, it showed the leverage the US has.
Even countries like Singapore, hit with a 10% tariff (marginal, and far lower than most countries) absolutely panicked.
Interestingly, I looked up the size of consumer markets - the US is twice the size of the next biggest market, the EU.
Re:Trump temporarily drops tariffs to 10% for most countries
by robocat on Wednesday April 09, 2025 @06:03PM
(#43638536)
Was the plan to incentivise Korea, China and Japan to work together? You know you've screwed up when bitter rivals decide to cooperate together.
Every government that has to do something undesirable to their citizens have been given something to blame: a beautiful excuse that will be milked relentlessly to the disadvantage of the US.
Businesses get screwed by flaky management - and now we get to see the US get screwed by its unreliable self-centered Prez.
look at global trends. no one thinks anyone can make money without the world's leading per capita consumer spender fully on-board. That is leverage.