Donald Trump just imposed a 25 percent tariff on virtually all goods produced by America’s two largest trading partners — Canada and Mexico. He simultaneously established a 20 percent across-the-board tariff on Chinese goods.

As a result, America’s average tariff level is now higher than at any time since the 1940s.

Meanwhile, China and Canada immediately retaliated against Trump’s duties, with the former imposing a 15 percent tariff on American agricultural products and the latter putting a 25 percent tariff on $30 billion of US goods. Mexico has vowed to mount retaliatory tariffs of its own.

This trade war could have far-reaching consequences. Trump’s tariffs have already triggered a stock market sell-off and cooling of manufacturing activity. And economists have estimated that the trade policy will cost the typical US household more than $1,200 a year, as the prices of myriad goods rise.

All this raises the question: Why has the US president chosen to upend trade relations on the North American continent? The stakes of this question are high, since it could determine how long Trump’s massive tariffs remain in effect. Unfortunately, the president himself does not seem to know the answer.

In recent weeks, Trump has provided five different — and contradictory — justifications for his tariffs on Mexico and Canada…

…more in the article.

    • Hubi@feddit.org
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      5 days ago

      Funny, isn’t that the exact amount of the stimulus checks he handed out during his first presidency?

    • cheers_queers@lemm.ee
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      4 days ago

      off topic, but what does your signature mean? can you really copyright your comments? I’ve never seen this before

      • grue@lemmy.world
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        4 days ago

        can you really copyright your comments?

        By default, everything you write, from a novel to an Internet forum shitpost, is not only copyrighted by you but also “all rights reserved.”

        What that guy is doing is (a) making his writings more available for reuse than they would be otherwise, and (b) making a point about how fucked-up it is that corporations treat stuff posted to social media as if it were a free-for-all they could use however they want.

      • CmdrShepard42@lemm.ee
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        4 days ago

        It’s the equivalent of those Facebook posts you see telling Zuck that you don’t consent to your data being stored and sold.

            • cheers_queers@lemm.ee
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              4 days ago

              all due respect, but you are not a news entity and you will never know whether your license was honored, so i really don’t see the point. but like i said, you do you

              • Cosmic Cleric@lemmy.world
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                4 days ago

                all due respect, but you are not a news entity and you will never know whether your license was honored, so i really don’t see the point. but like i said, you do you

                The point is to have protection for my content. I have the same rights under the law as ANYBODY ELSE. All are capable of licensing their content on social sites that protects themselves with Safe Harbor laws.

                As far as enforcement goes, that is not my job. If a law is not enforced doesn’t mean I don’t try to avail myself of the protections under the law. I don’t constantly audit my local police force to be sure that they are enforcing laws.

                I want my content to be available and used by open-source organizations, and I signal that via my license. Otherwise the default licensing (show nothing) does not allow them to do so.

                Finally, is it really worth your time (and all other citizens) to nag/harrass someone away from using the same laws that Corporations use to their benefit? I mean I point to an “Ask Lemmy” post often (here, let me do it again) where this has been hashed out already. You’re not saying anything new. But it seems like every individual still wants to recreate the conversation again, and again, and again, for SOME strange reason.

                This comment is licensed under CC BY-NC-SA 4.0

                • cheers_queers@lemm.ee
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                  4 days ago

                  maybe if everyone is telling you the same thing, it’s not us that’s wrong? food for thought.