• UnderpantsWeevil@lemmy.world
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      2 days ago

      Embracing the Ultra-Nationalist Paleocon wing of the Republican Party and stuffing your administration with goldbugs and Silicon Valley anarcho-capitalists?

      Why does an American President consuming American Propaganda and regurgitating a uniquely American public policy at the behest of his wealthiest American peers and hooting white-nationalist proles waving American flags get flagged as Russian?

  • Stern@lemmy.world
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    2 days ago

    You can view this one of two ways, possibly both:

    1. Krasnov
    2. Trump apparently was doing these tariffs based on trade deficits (Which is stupid on its own, if your dentist doesn’t buy the widgets you sell, that’s not a tariff.), if Russia wasn’t running one, then there you go.

    To rebuke 2 I present the following- https://ustr.gov/countries-regions/europe-middle-east/russia-and-eurasia/russia

    U.S. total goods trade with Russia were an estimated $3.5 billion in 2024. U.S. goods exports to Russia in 2024 were $526.1 million, down 12.3 percent ($73.5 million) from 2023. U.S. goods imports from Russia totaled $3.0 billion in 2024, down 34.2 percent ($1.6 billion) from 2023. The U.S. goods trade deficit with Russia was $2.5 billion in 2024, a 37.5 percent decrease ($1.5 billion) over 2023.

    Based on that math, with the CNN article I linked for the formula (the country’s trade deficit divided by its exports to the United States times 1/2) we get - (2,500,000,000 / 3,000,000,000) * 1/2 = 0.416666…

    So Russia should have a 42% tariff based on their purported 83% tariff on us.

    • limelight79@lemm.ee
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      1 day ago

      Trump seems to think the trade deficit is some sort of debt that we’ll have to pay off in the future.

      The overall goal of bringing manufacturing back to the US isn’t necessarily a bad one, but this is probably the worst way to go about doing it. One article I read pointed out that it would take many years of consistent tariffs to generate that kind of interest and investment - but anyone with half a brain knows these tariffs could be gone tomorrow, so there’s little inclination to actually try to build factories in the US based on this move. No reasonable investor would want to bet their company on Trump acting consistently.

  • spirinolas@lemmy.world
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    2 days ago

    Uh? Of course he isn’t. Why would Putin tell him to put tariffs on himself? That makes no sense.

    • UnderpantsWeevil@lemmy.world
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      2 days ago

      The US has been sanctioning Russia for the better part of the last decade. We aren’t tariffing them because we aren’t trading with them.

      We also aren’t tariffing Venezuela, Cuba, or North Korea, for the same reasons.

      • thedirtyknapkin@lemmy.world
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        2 days ago

        Maybe, but apparently we’re tariffing multiple uninhabited islands. It would seem that active trade is not a perquisite for tariffs these days. can’t be having people move out there and not getting tariffed in the future.

        I hope he puts tariffs on Mars next. Maybe after he falls out with musk.

        • UnderpantsWeevil@lemmy.world
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          2 days ago

          https://www.statista.com/statistics/1306859/us-imports-by-commodity-from-russia/

          It does look like we import about $3B/year. Mostly fertilizers, which make up 1/3 of total imports, and some raw metals and a bit of heavy machinery. But that’s minuscule beside our trade balances with the top of his tariff list - China, the EU, Vietnam, Taiwan, Japan, and India. We do $20B/year with tiny little South Korea, as a point of comparison. We bring in $6B/year from South Africa.

          To my knowledge, we don’t import Russian vodka in any significant quantity. Anything “Russian” branded is typically imported from one of the neighboring states - Ukraine, Belarus, Poland, Romania. Red Army Vodka, for instance, is from a Polish company.

          • Saeveo@lemmy.world
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            2 days ago

            He slapped a 50% tarrif on Lesotho, so it’s clearly not about size or impact.

            And the UK got a 10% tariff applied even though the US doesn’t have a goods trade deficit with them.

  • Godric@lemmy.world
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    2 days ago

    For context, Cuba, North Korea, and Belarus are also not tariffed because they are sanctioned instead.

  • butwhyishischinabook@lemmy.world
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    2 days ago

    Guys I think there’s some evidence that this is, shall we say, Russia friendly (such as the astronomical tariff rate on Moldova of all places), but Russia isn’t included because it’s a “Column 2” country alongside Belarus, Cuba, and North Korea, and therefore all subject to the stiff tariffs we already impose on the worst of the worst. Please let’s not share things like this which just make us look gullable to the morons on the right supporting this buffoon. It’s not a good look.

  • OldWoodFrame@lemm.ee
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    2 days ago

    I try to keep a sense of perspective, every president I disagree with seems to be the worst president ever at the time.

    I really want to say Bush’s useless Trillion dollar wars are worse than this.

    But it’s close and we have 3.5 more years of this.

    • UnderpantsWeevil@lemmy.world
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      2 days ago

      I really want to say Bush’s useless Trillion dollar wars are worse than this.

      I would say Bush’s bailout of the O&G sector in '01 and the Financial Sector in '08 laid the seeds for worse social and ecological conditions over the subsequent two decades. Similarly, NAFTA and the subsequent midwestern de-industrialization was nightmarish for US industry and Mexican agriculture.

      These blunders set us up to need international trade. What’s crazy about Trump’s tariffs is that he’s not addressing the underlying infrastructure problems or the crushing post-Great Recession debt traps. He’s just squeezing at the point of the supply chain in order to punish American industry and labor for adapting to the sabotaged economic landscape of the neoliberal era.

      It is the economic equivalent of kicking a guy in the kidneys after he’s already been laid out on the ground.