Trump says planned April 2 tariffs will 'start with all countries'

[BumRushDaShow]

Source: NBC News/Reuters

March 30, 2025, 10:34 PM EDT


ABOARD AIR FORCE ONE — President Donald Trump said on Sunday that reciprocal tariffs he is set to announce this week will include all nations, not just a smaller group of 10 to 15 countries with the biggest trade imbalances.

Trump has promised to unveil a massive tariff plan on Wednesday, which he has dubbed “Liberation Day.” He has already imposed tariffs on aluminum, steel and autos, along with increased tariffs on all goods from China. “You’d start with all countries,” he told reporters aboard Air Force One. “Essentially all of the countries that we’re talking about.”

White House economics adviser Kevin Hassett recently told Fox Business that the administration’s tariffs focus would be on 10 to 15 countries with the worst trade imbalances, though he did not list them.

Trump sees tariffs as a way of protecting the domestic economy from unfair global competition and a bargaining chip for better terms for the U.S. However, concerns about a trade war are unsettling markets and creating fears of a recession in the U.S. Trump has said he will impose a suite of reciprocal tariffs against nations that charge fees on U.S. exports, promising to match those countries’ duties.

Read more: https://www.nbcnews.com/politics/politics-news/trump-says-planned-april-2-tariffs-will-start-countries-rcna198805

[C_U_L8R]

1. "And for my next act, I will shoot myself in both feet"

while also taking down the rest of the theatre.

[JustAnotherGen]

16. And all of the assholes who voted for him

Will cheer at 'owning the Libs'.

[TomSlick]

37. We'll see how the cheer when Trump drives the economy into recession.

I hope it's just a recession.

[Bluetus]

18. This ain't 1965

In 1965, the US dominated in many of the industries of the 20th century, including military hardware, computer technology, and pharmaceuticals. And we manufactured almost all of that here.

In 2025, the USA has slipped to secondary status on innovation in the technologies vital in the 21st century. And worse, even if the US led in innovation, the manufacturing is mostly in Asia now, or at least under the control of Asian companies.

That is to say, even if a tariff-driven national competitiveness strategy might have worked in 1965, we have lost most of the leverage. The main impacts we will see here are instability, inflation, and exponentially more crony capitalism.

[BumRushDaShow]

22. That's because

Raygun pushed to "offshore" and "outsource" our manufacturing, claiming this was promoting "free markets", but was a way to "own the unions", who were trying to make companies pay a fair wage.

[Bluetus]

33. Preaching to the choir a bit here, but

that Raygun philosophy only works as long as people have enough money (or credit, pushing people into impossible levels of debt) to buy the goods that are no longer made here. Union or no union, if the goods aren't made here, then the wages end up in other economies.

It was a long, slow slide, where the American work force increasingly turned into paper pushers, moving around the products actually made overseas. Our economy is 70% driven by consumer spending. When the money from good manufacturing jobs shrunk, they had to push massive amounts of deficit spending (and Raygun was legendary at that). But ultimately that just got worse and worse, and that is a big reason why Americans have been so angry the past 20 years.

Trump is right about the anger. He is dead wrong about the solution because we don't have the leverage to make tariffs work for us now. But a terrible idea beats no idea, every day of the week.

The right solution is to invest in education, support innovation, stimulate leadership in 21st century industries (primarily green energy and transportation), and try to return to a position of leverage. Ironically, Biden's team tried to do a lot of that but they refused to sell the merits of what they had done. Biden had mostly the right policies, and his team made good, competent decisions. But that's not nearly enough in today's world. You have to sell it. They did next to nothing on the PR front.

[Lovie777]

2. Mass immigration, tariffs, cost of living to high, etc.....................

caused the Great Depression.

Is history repeating itself because of the assholes who doesn't care about history alongwith being just plain stupid.

[Bernardo de La Paz]

13. Great Depression caused by over-production, not tariffs. Tariff taxes made it worse & longer

This is different. I think tRump tariff taxes will be the main cause of a coming recession or worse. Mass firings in the government sector up and down the line will make it worse. ICE-y disruptions in the labour market will make it worse. Reduced government spending will make it worse.

Swapping out income taxes and putting in tariff taxes is regressive since upper income classes spend money on untariffed things like vacations and real estate and artwork and plastic surgery. Poor people have to shop at Walmart, etc and spend more of their income on tariffed goods.

Poor and middle class people are the engine of the economy, which after all is all about money in motion. When poor people get money they put it into motion immediately to pay debts and rent and buy to replace something they've been wanting to replace for a year.

When tariff taxes are raised on imports, they cause price rises on domestic product too, because of the profit motive. Used cars are going to have a jump in prices.

Tariff taxes mean that the dollars in the economy buy fewer units. Fewer units sold means fewer sales people, few warehouse people, fewer truckers. These all have ripple effects.

Tariff tax revenue will not meet tRumpian expectations. tRump will balloon the deficit because compliant RepubliCONners will pass a big income tax cut budget (disproportionately for the rich). And then there will need to be increased government payments (like unemployment and stimulus cheques signed with great fanfare by tRump) so that tRump won't lose half his base. That will also balloon the deficit.

tRump also wants to devalue the dollar to try to decrease the money the US owes internationally. That will put further downward pressure on the stock market as investors flee to Europe and Canada, despite their tariff tax burdens imposed by tRump.

[BumRushDaShow]

23. "Great Depression caused by over-production, not tariffs."

It was also caused by the same types of greedy banksters that you see today - coupled with a similar type of "climate crisis" (massive drought in the nation's mid-section, the result magnifying crop failures among its large agricultural areas that were already underway due to poor crop management, including due to farmers NOT rotating crops, etc).

[Tarzanrock]

3. We had to destroy the village ...

so that we could save it. The one-half of the one percent will thank us in the long run. Sure, there will be a lot of suffering and much hunger and disease and pestilence and economic hardship for everyone but once every country starts paying us tributes and tariffs every MAGAt will be a "millionaire" just like Eloon Mu$k and the King Turd. Today, Greenland -- tomorrow the World!

[sunflowerseed]

4. Putin's Tariffs!

Are his sanctions on the worlds democracys

[Prairie Gates]

5. Oh

[gordianot]

6. This jackass loves to tax Americans.

Granted less than half are the stupidest people on the planet.

[Bengus81]

7. You big time Corporate asshats wanted this baffoon,you got him.

When other Countries stop buying YOUR product(s) maybe you'll wake the FUCK up?? Maybe?

[Magoo48]

20. I hope his targets hit back hard enough to hurt the corporate asshats.

[Renew Deal]

8. Tuvalu deserves it

[wolfie001]

11. Next after Greenland?

[wolfie001]

9. He's gonna back off when the markets tank. Just like before

Big fat lying fraud king.

[BumRushDaShow]

10. IOW

"The 'benevolent' dictator".

[wolfie001]

12. "In other words"

Got it. Boomer here, so thank gawd for 'Duck Duck Go'

[BumRushDaShow]

15. LOL

Tail-end boomer here and I had to look it up awhile ago.

[brush]

29. Probably. The idiot has no idea of what he's doing.

Last edited Tue Apr 1, 2025, 06:27 PM - Edit history (1)

Tariffs then reciprocal tariffs then more tariffs upon tariffs just lead to trade wars, higher prices, inflation, layoffs and then a recession.

Come on, rethugs, someone please tell the fool how Economics 101 works. Do it anonymous even if you must, if you're afraid of him having you primaried.

[wolfie001]

35. Yep! A party of spineless weasels nt

[chouchou]

14. Wonderful..I'm looking forward to this.

i love "The Dunning-Kruger Effect day"

[FakeNoose]

17. We Americans should REFUSE TO BUY stuff

If we don't buy anything (except absolute necessities), tariffs lose their power. After all, it's the American people who have to pay these tariffs, not any foreign country.

If we stand together on this, Chump will cave.

[Magoo48]

21. Yes, those of us able should begin self imposed austarity immediately.

[Jughead]

19. Bueller....

Bueller…..hello.

[Xipe Totec]

24. I shot the Tariffs! But I did not kill the Deficit!

Apologies to Bob Marley

[BumRushDaShow]

25. I'll give ya a DUzy!

[sakabatou]

26. So... manufactured global economic crisis?

[Nigrum Cattus]

27. The world put tariffs on russia because of Ukraine

So, tsf has to put tariffs on the world to support
his friend and the U.S.'s enemy. There is no other
reason.

[Yo_Mama_Been_Loggin]

28. Orange shithead's murder/suicide

[Initech]

30. He is completely out of his fuckin mind.

[Vinca]

31. I'm pretty much expecting him to call it off at the last minute . . . so his billionaire buddies can

make a killing on the stock they've probably been hoovering up the past few days.

[SWBTATTReg]

32. So now ALL of the oil we buy from the middle east will be tariffed too, increasing our gas prices / petroleum prices

by up to 25% at least?

Moron.

He just took a sledgehammer to our nation's economy (and the world's too).

tRUMP has got a disease called tariff on the brain, won't drop it for some reason he's thinking it's the end all to end all wonder drug.

[ananda]

34. And will only end for the countries that kiss his fat ass...

and agree to whatever terms he wants to impose.

[LudwigPastorius]

36. Complete, batshit insanity....

Does he even know that the trade deficit and budget deficit are two different things?

[NH Ethylene]

38. He loves having the whole world at his feet, breathinglessly awaiting his words.

I'm convinced that is part of the attraction for him. He likes having people and countries shaking in their boots in fear of what he is going to do next. He is the most vile of creatures.

[BumRushDaShow]

39. It's "reality show" television tactics - the "cliffhanger"

... creating "programming" that keeps the viewers wanting to "see what happens next".