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639 points CTOSian | 1 comments | | HN request time: 0.212s | source
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zaptheimpaler ◴[] No.45029926[source]
> importers must declare the exact amount of steel, copper, and aluminum in products, with a 100% tariff applied to these materials. This makes little sense—PCBs, for instance, contain copper traces, but the quantity is nearly impossible to estimate.

Wow this administration is f**ing batshit insane. I thought the tariffs would be on raw metals, not anything at all that happens to contain them.

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nabla9 ◴[] No.45030053[source]
Across EU and Asia packet shipments into the US are being shout down until the things are resolved. This is bullshit that hurts everybody, but Americans the most.
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darth_avocado ◴[] No.45030157[source]
> This is bullshit that hurts everybody, but Americans the most.

Price I pay is not getting my $20 fairy lights that made my backyard look cute. The price foreign factory workers pay is that they’re out of a job. I don’t think Americans pay the most, but they do pay.

Edit: Clearly people are missing the point Im trying to make here. I’m trying to address the viewpoint that Americans will somehow lose the most, which i don’t think is the case. This isn’t a pro tariff argument. American consumer is the biggest market there is on the planet. Pretending we can just find other buyers is ludicrous. Yes, there will be some jobs affected domestically, but that number will be much higher elsewhere.

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saubeidl ◴[] No.45030281[source]
Longer term all trade will just be rerouted to exclude the US.

The EU is making moves right now to position itself as the preeminent center of world trade.

Losing that position will hurt Americans more than anyone else.

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wqaatwt ◴[] No.45030628[source]
> The EU is making moves

The EU being what it is considering to start planning to make a plan to take moves to plan these moves.

Then it will have to align those plans with all its members etc.

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kergonath ◴[] No.45031147[source]
Yes, negotiating take time. Consensus takes time. That’s fine. It’s one thing to move fast and break things with a website, it’s another to do it with the economy. The EU is not universally loved, far from it, but it is a predictable and reliable partner.

It generally punches below its geopolitical weight, but that’s because it was happy to follow the US when American policies were decent (not great, but good for trade and mostly good for stability). But that’s not a law of nature, things do change, even if it is slow compared to the modern news cycle.

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wqaatwt ◴[] No.45031190[source]
A period of economic stagnation that has lasted for almost an entire generation at this point seems like a rather high price to pay for that stagnation. Surely there must be some balance?
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saubeidl ◴[] No.45032495[source]
Poland's GDP has increased by 500% since 2000.
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1. wqaatwt ◴[] No.45036993[source]
Well yes and Italy is still below its 2008 peak. It’s rather implicitly obvious that when someone is talking about stagnation they mean Western Europe.

Poland is an interesting case in that you can retain a free floating currency and your own monetary policy and still do quite well.