- cross-posted to:
- [email protected]
- cross-posted to:
- [email protected]
Among the reciprocal tariff levels Trump announced:
China: 34%
European Union: 20%
South Korea: 25%
India: 26%
Vietnam: 46%
Taiwan: 32%
Japan: 24%
Thailand: 36%
Switzerland: 31%
Indonesia: 32%
Malaysia: 24%
Cambodia: 49%
United Kingdom: 10%
Rest of the world: 10%
The horrible cruelty regarding Cambodia is that the reason they have such a high trade deficit is that most Cambodians are too poor to be able to begin to afford anything that America has to offer.
It’s one of the poorest countries in Asia, they could cut their tariffs to 0% and the net effect would be less than the measurable rounding error on total American exports.
Trump is going to tank the economy of an already poverty-stricken country and plunge it into exactly the kind of instability that destroyed it once already just because “fuck you, give me more”.
The horrible cruelty regarding Cambodia you say?
https://www.youtube.com/watch?v=d1cbTKX4Lzo&list=PLf03ejEKGKxyGu4G3QCLWhXefQvgG1EEH
If anyone wants to learn more about America’s actions in Cambodia, check out Blowback.