Modelling of how Trump’s tariffs will hit global trade suggests the US will be the biggest loser – while a few nations may emerge as surprising winners.
Archived version: https://archive.is/newest/https://theconversation.com/new-modelling-reveals-full-impact-of-trumps-liberation-day-tariffs-with-the-us-hit-hardest-253320
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
Fuck
> Fuck
That’s an understatement, more like
spoiler
Forget about a recession, the U.S. is headed directly towards a possible depression and bringing Canada down with it if those numbers are even remotely true. That’s almost 1-2 months salary wiped out for 1/3 of households in the US when most of those people are living paycheck to paycheck.
If we’re very quiet precious, my love, maybe he won’t notice us down here near the bottom of the table.
probably it’s not in his map.
One of the few times where being left off a map is a win.
Aha! Trump is secretly doing the bidding of the Kiwis! No, not New Zealanders, not even the bird… it’s the fruit’s fault!
I don’t understand why some countries get a gain from additional tariffs.
The article doesn’t explain the mechanism.
My unfounded guess is that they sell products that normally compete with a soon to be crippled US market, so their products can fill the void. Think car sales from China to the EU after the tarrifs cripple manufacturing, for example.
Australia’s top 3 export markets are China, South Korea and Japan. If they put retaliatory tariffs on the US we should pick up extra business as we will have a price advantage. When the US duped our old conservative PM, Scummo, into pissing of China they put up trade barriers and our “mates” including Canada, NZ and USA all gained at our expense. It’s nothing personal.
We don’t export much to the US and 10% is as low as it goes. Without retaliation the US tariffs would only be a tax on US consumers. But the retaliation from other large economies will damage US exports and jobs and give opportunities to other nations. Thanks, I guess.
Also Australia is actually trading at a deficit with the USA. We buy way more from them than they buy from us. Which shows this narrative of Trump to reduce the trade deficit is bullshit.
For this reason though I don’t think Australia will do retaliatory tariffs. Why hurt ourselves more when the USA is less than 5% of our exports?
I think it is because countries impacted the least by new tariffs are most likely to have new trade with OTHER countries affected more heavily by the tariffs.
Yep. NZ and Aus bout to be flooded with cheap goods USA normally gets
If country A is tariffed 20% and country B is tariffed 10%; that mean country B have an advantage against country A and can get some of the marked A is losing.
Maybe they already had some sort of tariff? Maybe it modifies the existing trade deal somehow? Idk I’m not an economist just a peasant.
Does Russia not get hit? Interesting.
Aside from fossil fuels, they mostly only trade with China, right? They’re kinda “isolated” like Best Korea.
With a whole shit ton of sanctions. Still interesting that they’re not getting hit by this, whatever the reasons.
Can’t be hit when you aren’t even trading. They’ll probably see video games get more expensive on Steam
They might be hit indirectly through China.
Thats probably a definite unless China is willing to absorb the cost for whatever reason. They seem to be in a generous mood (relatively, terms and conditions apply) ever since Trump soured the world to the US.