Tariffs
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The world's remotest corners couldn't hide from US President Donald Trump's global tariffs onslaught Wednesday -- even the uninhabited Heard and McDonald Islands.
The Australian territory in the sub-Antarctic Indian Ocean was slapped with 10 percent tariffs on all its exports, despite the icy archipelago having zero residents -- other than many seals, penguins and other birds.
Strings of ocean specks around the globe, including Australia's Cocos (Keeling) Islands and the Comoros off the coast of Africa, were likewise subjected to 10 percent new tariffs.
Another eye-catching inclusion in the tariffs list was Myanmar, which is digging out from an earthquake that left nearly 3,000 people dead, and whose exports to the United States will now face 44 percent in new levies.
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Kindness is as kindness does. Got to be fair.
I tolerated 10 minutes of the Trump(CF) address before his self-professed humbleness, the meekness & humility of his demeanor, became too much to bear.
I tolerated 10 minutes of the Trump(CF) address
You're a better man than I am, Gunga Din. We watched a few episodes of As Time Goes By instead.
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Reactions from around the world:
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Omg someone on one of my boardgame groups just referred to him as “Mango Mussolini” and I’m dying.
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Journalist James Surowiecki now seems to have cracked the tariff calculation code.
"They didn't take into account non-tariff barriers at all, as they claim. Instead, they just took the trade deficit and divided it by the country's exports."Surowiecki gives the example of Indonesia. "We have a trade deficit of $17.9 billion with Indonesia. Exports to us are $28 billion. 17.9 divided by 28 = 64%. And that, according to Trump, is the tariff that Indonesia charges us. What nonsense this is."
In a follow-up tweet, Surowiecki said it was "even worse" than he thought. "Trump's staff only considered the trade deficit in goods. Services apparently don't matter."
And what about Russia?
https://www.bbc.co.uk/news/articles/cdjl3k1we8vo -
Stable Genius
. 5D chess.Or an unmitigated disaster.
Among those Trump has targeted with new tariffs: Lesotho, the tiny landlocked country that was slapped with a 50 percent tariff rate — the highest rate, shared also by the French territory of St. Pierre and Miquelon — and only has a trade imbalance with the U.S. because of a law that allows sub-Saharan African countries to ship thousands of goods duty-free; an overseas territory whose only inhabitants are workers at a military base operated jointly by U.K. and U.S. forces; and the Heard and McDonald Islands, home to no human, and mostly penguin, residents.
The tariffs could be devastating for some of those small countries. Lesotho has one of the highest rates of HIV in the world and the clothing factories the tariffs target are a key source of access to HIV medicines in the country.
“This could have really tragic implications for that country,” Gresser said.
The Republicans in Congress could stop this disaster if they could just grow a pair...
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Stable Genius
. 5D chess.Or an unmitigated disaster.
Among those Trump has targeted with new tariffs: Lesotho, the tiny landlocked country that was slapped with a 50 percent tariff rate — the highest rate, shared also by the French territory of St. Pierre and Miquelon — and only has a trade imbalance with the U.S. because of a law that allows sub-Saharan African countries to ship thousands of goods duty-free; an overseas territory whose only inhabitants are workers at a military base operated jointly by U.K. and U.S. forces; and the Heard and McDonald Islands, home to no human, and mostly penguin, residents.
The tariffs could be devastating for some of those small countries. Lesotho has one of the highest rates of HIV in the world and the clothing factories the tariffs target are a key source of access to HIV medicines in the country.
“This could have really tragic implications for that country,” Gresser said.
The Republicans in Congress could stop this disaster if they could just grow a pair...
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Stable Genius
plays 5D chess.
