WASHINGTON (AP) — President Donald Trump is going ahead with new double-digit tariffs on dozens of U.S. trading partners just as the clock runs out Friday on stopgap levies he imposed after a stinging defeat at the Supreme Court.

The United States will slap taxes of 10% to 12.5% on imports from 60 trading partners accounting for 99% of U.S. imports, charging that they have inadequately enforced bans on goods produced by forced labor.

    • pnwpixel@programming.dev
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      3 days ago

      ^ THIS

      This news is the signal to the usual parasites in his orbit that there’s a play on the stock market about to happen again.

      • gdog05@lemmy.world
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        3 days ago

        While it’s true and will definitely happen, that’s the carrot to get Trump to do these things. But I believe the goal is to keep destabilizing global trade. I think it’s part of the giant tech oligarch plan to take over the whole kit and caboodle. I bet if you ask AI how best to destabilize the global economy it would tell you to start a war in Iran to disrupt shipping, oil and gas production, and for one of the largest trade partners to levy huge tariffs on friendly trade partners.

        • Doomsider@lemmy.world
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          2 days ago

          If it wasn’t for China reducing their oil imports by a staggering 5 million barrels a day we would already be in an irreversible crisis.

          It does feel like this administration is purposely trying to crash the economy. Like they want to kick off another great depression just to buy it all up when it all crashes.

      • Cethin@lemmy.zip
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        2 days ago

        I don’t think so. If it were, us average people could take advantage of it. It’s too late for us. They already knew.