1w ago

Trump says U.S. will impose new tariffs on heavy trucks, drugs and kitchen cabinets

www.nbcnews.com

President Donald Trump on Thursday announced a new round of punishing tariffs, saying the United States will impose a 100% tariff on imported branded drugs, 25% tariff on imports of all heavy-duty trucks and 50% tariffs on kitchen cabinets.
Trump also said he would start charging a 30% tariff on upholstered furniture next week.

34 comments

Future economists are going to love this time period. It's basically a goldmine for papers, articles and books about the effects tariffs have. Sure, we have that sort of history already, but this time it's very well documented. Current online economy has so many new numbers you can track. You should be able to look at the data and tell exactly what went wrong and how it was reflected on everything.
- It's sort of like when we want to know something, but all experiments to find out would be highly unethical. So we wait for a madman or authoritarian regime to torture someone to find out the limits of human capability. Just with the economy instead.
  Basically, in 2025 we are running a simulation to find out how much stress an economy can take before it collapses, and the goal is to actually get there.
  
  Same goes for chemical safety. How do we know what the effects of mercury, lead, ammonia or sulfur dioxide are on humans? Tragic things have happened in the past, and the survivors just documented the results.
- Separating the various fuck ups and disasters will be the hardest part.
  
  Economics is a messy science where you’re constantly dealing with messy data. There are always several variables at play, and their countless interactions make interpretations super tricky. You can’t really make controlled double blind experiments to isolate the effect of a specific variable.
Wait! He's putting a tariff on upholstered furniture? Has anyone told the vice president, yet?
- Probably not
- JD is going to be slumming it at Rooms 2 Go
Whee, another round of tariff roulette!
Even a pinko like me understands that everchanging random rules ain't good for business.
- 1000% terrifs on Lemmy comments federated from other countries, because DougHolland made fun of me, Mr trump
- Yeah, but if you sell all those businesses before they find out that they’re in trouble then it’s good for you? I don’t know much about business, but I’m fairly sure this is the way it works.
will impose a 100% tariff on imported branded drugs,
Finally! Haven’t we been saying for years now that prescriptions are too cheap, and we really should be paying a lot more?
/s
- Wonder if we'll see more or less Ozempic ads now.
Ugghhhh. I guess I don’t wait on the Ikea cabinets I had budgeted for December then?
Are there a lot of heavy trucks imported in the US? All I see from afar are those ancient looking Kenworths, Peterbuilts and the like.
- Freightliner, owned by Daimler AG holds almost a 40% market share. Volvo, while not as strong, is around 10%.
  Majority of the US made truck brands have an exorbitantly high maintenance cost when compared to imported trucks.
- Western Star
Didn't the courts just rule this asshole had no power to establish tariffs?
- Well see you have to remember this is a matter of national security. It is an emergency of such immediate necessity he couldn't ask Congress which both parts of are majority Republican, to just write it into law so it were done properly.
- Bro, the king is immune to the law. Who cares what the courts say? Literally. Lmao.
- Was that settled or is it in challenge status? I've seen no rebate of tarriffs going to the rich people that didn't pay them yet.
It's like you can hear D.T. hanging with his rich buddies...
"You know, Im thinking of getting into the kitchen cabinet making business, but I don't think I'll be able to turn a profit with all the competition."
"Here, hold the bong and let me make some calls."

34 comments