Duke Mu
Honored Member
- Messages
- 881
So Trump admits a hit job on the American people. Nice.
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So Trump admits a hit job on the American people. Nice.
“… Lesotho’s factories have made garments — particularly denim — for manufacturers like Levi’s and Wrangler.When Huge Trump Tariffs Hit Small African Economies
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.
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Lesotho, a Small African Nation, Expects a Big Hit From Trump’s Tariffs
The amount of manufactured goods exported from Africa to the United States is minuscule. But for Lesotho, the impact of a stunning 50 percent tariff is enormous.www.nytimes.com
“… Lesotho, which makes denim that goes into American-branded jeans, was hit with a 50 percent tariff. It was among several lower-income countries on the continent that were shocked by levies high above the minimum 10 percent imposed on nearly all of America’s trading partners.
Madagascar, where three-quarters of the population lives in poverty, now will be met with a 47 percent tariff when its apparel, vanilla and other exports enter the United States.
Products from Algeria, Angola, Botswana, Libya and Mauritius all now have tariffs above 30 percent, as does South Africa, which has come under particular attack by the Trump administration.
… But Lesotho is hardly a big player in global trade: It imported less than $3 million in goodsfrom the United States and exported $240 million there last year.
… But to countries like Lesotho, the impact of tariffs is enormous. Exports of denim and diamonds make up more than a tenth of the country’s gross domestic product.
… This will “devastate the economy,” said Jacques Nel, head of Africa Macro at Oxford Economics, a research firm. Lesotho is already a poor country. It has a population of two million and its entire national output is about $2 billion a year, with an annual per capita income of $975.
“This has nothing to do with actual tariffs,” Mr. Nel said. “They can’t import a lot from the U.S., because they don’t have a lot of money.” …”
“… While the United States is imposing tariffs on the relatively small amount of goods from Africa — just $39 billion worth last year — China has been trying to encourage trade. It eliminated all import duties on products from 33 African countries in December. …”“… Lesotho’s factories have made garments — particularly denim — for manufacturers like Levi’s and Wrangler.
And although Mr. Trump recently called Lesotho a country that “nobody has ever heard of,” his own Trump-branded Greg Norman golf shirts feature labels that say “Made in Lesotho.”**
Lesotho’s trade minister, Mokhethi Shelile, said the country has 11 factories that employ 12,000 workers. Seventy percent of what they produce is exported to the United States.
“We are a small economy,” Mr. Shelile said. “We just have to speak to the U.S. administration because the tariff is not based on facts.” …”
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** “… In his [SOTU] speech to Congress …, Mr. Trump railed against aid to Africa, saying the United States was spending millions to promote L.G.B.T.Q. issues “in the African nation of Lesotho, which nobody has ever heard of.”
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Africa Received Billions in U.S. Aid. Here’s What It Will Lose.
The United States spent decades responding to conflicts and disease in Africa. The continent is now expected to be the hardest hit by the Trump administration’s aid cuts.www.nytimes.com
The right wing talking points are getting simpler and dumber, presumably because the people shameless enough to repeat them are also getting simpler and dumber.The whole 'Well other countries do it' is the dumbest fucking argument in the world. Spouted by the same lemmings who fight tooth and nail against universal healthcare even though every other advanced country in the world 'Does it'.
Hey fucktards, did it ever occur to you that the 'other countries that do it' have smaller, less robust and often stagnating economies??? Maybe we should embrace free trade since it has made us the most powerful economy in the history of the world.
The right wing talking points are getting simpler and dumber, presumably because the people shameless enough to repeat them are also getting simpler and dumber.
Practically the only thing I appreciate about Trump is, despite the fact he lies at least once every other sentence, he has a brutal, refreshing honesty. He doesn't really even try to hide the fact he's a parasite. In fact, like a good narcissistic sociopath, he openly flaunts it.So Trump admits a hit job on the American people. Nice.
But more and more it's just the Russian assets repeating them. Mostly the others have just shut up. Compromat is a powerful tool.The right wing talking points are getting simpler and dumber, presumably because the people shameless enough to repeat them are also getting simpler and dumber.
You may be right but if so, there are a fuck ton of Russian assets in rural America.But more and more it's just the Russian assets repeating them. Mostly the others have just shut up. Compromat is a powerful tool.
I meant in the government and media. The civilians repeating the Russian disinformation are just dumbfucks.You may be right but if so, there are a fuck ton of Russian assets in rural America.
What I keep seeing on Facebook and other social media are Trumpers insisting that this economic meltdown is nothing to worry about, but just a "necessary correction" in the stock market that presents "great opportunities" for "smart buyers" and will soon recover as the genius of Dear Leader's economic plans become more clear. And that all of our old manufacturing jobs will return and soon we'll be making things in the USA just like we did forty or fifty years ago. It's delusional, but there are still plenty of Trumpers who will simply not break from their blind faith in Trump. "Trust us, he knows what he's doing!" No, really doesn't.You may be right but if so, there are a fuck ton of Russian assets in rural America.
Too many think this is a game of Sid Meier’s Civ. Just click a button and the infrastructure materializes. The complexities of life feel too overwhelming, so they outsource their minds to grifters and charlatans offering black and white answers, but absolutely no solutions.What I keep seeing on Facebook and other social media are Trumpers insisting that this economic meltdown is nothing to worry about, but just a "necessary correction" in the stock market that presents "great opportunities" for "smart buyers" and will soon recover as the genius of Dear Leader's economic plans become more clear. And that all of our old manufacturing jobs will return and soon we'll be making things in the USA just like we did forty or fifty years ago. It's delusional, but there are still plenty of Trumpers who will simply not break from their blind faith in Trump. "Trust us, he knows what he's doing!" No, really doesn't.