Trump, the dumbest man on earth, just doubled down on his dumb. - eviltoast
  • Someone@lemmy.ca
    link
    fedilink
    arrow-up
    137
    ·
    21 hours ago

    Ok it’s starting to feel like a game now. Can we cause American hyperinflation by a targeted tariff feedback loop?

    • Papamousse@beehaw.org
      link
      fedilink
      arrow-up
      2
      ·
      6 hours ago

      Canada should add a 100% tariff on USA crude oil that we import (Canada import 0 I guess) and with trump reciprocal thinggy, automatically crude oil from Canada to USA would have a 100% tariff on it lol

    • merc@sh.itjust.works
      link
      fedilink
      arrow-up
      9
      ·
      10 hours ago

      No, because Canada’s economy will collapse long before the US economy if each side just keeps increasing tariffs. What Canada needs to do is make things cheaper for Canadians, not more expensive.

      Take any law related to US intellectual property and decriminalize that.

      Violating the copyright on Hollywood movies? Go for it. No charge.

      Something you want to do is covered by a patent held by an American? Do it, you won’t be prosecuted.

      Want to bypass DRM on a tractor, a printer, an iPhone, sell or give away tools to allow anybody else to do it? Feel free.

      The biggest advantage of this approach is that if the US did the same thing with respect to Canadian IP, they’d have so much less to work with. The US has geared its economy towards producing IP, and then used trade deals to demand that other countries respect that IP or the US will put tariffs on their stuff. Well, clearly the US isn’t holding up its end of that bargain, so fuck 'em.

      • Someone@lemmy.ca
        link
        fedilink
        arrow-up
        1
        ·
        1 hour ago

        The only difference is we’re putting tariffs on things that we can source elsewhere vs the blanket tariffs from the states. But I agree we should also do all the IP stuff you mentioned.

    • octopus_ink@slrpnk.net
      link
      fedilink
      English
      arrow-up
      66
      ·
      21 hours ago

      Or like the sort of thing a hostile foreign government might really want to have happen to the US…

      Good thing we have agent Krasnov at the helm.

    • TranscendentalEmpire@lemm.ee
      link
      fedilink
      arrow-up
      21
      ·
      20 hours ago

      Tbh, I’ve been pondering just how regulated organized market manipulation is nowadays. With the market going through “corrections” because of tariffs and the FCC being completely defanged, a large group of organized retail investors have the opportunity to get up to some pretty funny business.

      • SpaceCowboy@lemmy.ca
        link
        fedilink
        arrow-up
        14
        ·
        18 hours ago

        If by “funny business” you mean raise prices on products that don’t actually have tariffs on them, then it’s a safe bet that yeah, there’s going to be some funny business.