Also, Denmark subsides are probably in Euros. So it’s already 5% higher just on Trump’s first 3 months.

Yeah, it’s because of the tariffs people. There are only the tariffs, there’s nothing else to see here. Move along.

India makes a huge amount of drugs. The UK probably just doesn’t import them.

Hum… Putting them in quotes is nice, it reminds people of the claim.

I think the best would be to also explain in parenthesis, like: “reciprocal” (unilateral)

If the US manages to reduce their imports, what will probably happen is that the rest of the world will cut the more optional consumption from there so that they can keep buying the food. What means that US industry will suffer.

But your first feeling that sellers and buyers will redistribute who they deal with is probably correct too. Anyway, the tariffs shouldn’t have an immediate effect of changing how much food moves around, but nobody knows what domino pieces they will hit on the fall.

On the very short term, China is tariffing stuff that hurts. What means they are serious about not buying from the US and will pay extra for the privilege. And yes, also means somebody else will probably take their place.

Yes, but the other countries that buy from elsewhere will want their normal amounts too.

Can other food producers increase their production while the US spirals down? Nobody really knows, we are in shock due to both global warming and the war in Ukraine. And the US is a really major food exporter.

Can people make do with less food? Probably, but it’s not trivial.

Anyway, China’s tariffs are completely self-imposed. They can cut them at any time.

The problem is that China can live very easily without American goods

A lot of it is food. They probably can, but it will not be not easy at all.

I literally dont understand what they are doing.

Lol. Did you still expect to?

Anyway, they clearly have no idea what they are doing. Absolutely no idea. But this one seems to be calculated by an academic that used an impersonal objective formula that he expects to zero the trade deficit.

Somehow, it’s one of the economists that don’t know that tariffs don’t have a direct impact on the total trade deficit. Probably, an “economist”, but I didn’t check.

AFAIK, most low added-value products the US net exports are food. Also AFAIK, Canada mostly doesn’t buy those, but the countries that do buy them won’t just stop.

Well, yes, wages tend to decrease on that shift.

At least Brazil has tariffs large than that already. I doubt he will decrease them.

The effects of widespread tariffs is well known.

You will lose industry that makes high added-value products, and increase the production of products with low added-value. (Most people call this “deindustrialization”.)

Tariffs mostly don’t impact the overall trade balance, so there’s no reason to expect that one to change.

But Tesla stock is 75% hype

It has been adjusted recently, but it was around 99% (P/E of 100 times what other car companies have), so it can’t be lower than some 95% now.

Banned from r/BuyFomEU due to excessive promotion…

How are people supposed to behave on that sub?