I honestly have no idea, maybe? Deficit isn’t really debt though, it just means you bought more than you sold. The US isn’t in debt to Cambodia any more than you’re in debt with McDonald’s. They just have a one way buy/sell relationship.
In case anyones looking at this and asking question like “Why has Cambodia been dunked with 49% when they’re clearly not a competitor to the US” or “Why is Trump claiming that the European Union has a 40% tariff on the US when the actual mean tariff on US goods into the EU is less than 5%”, here’s your answer to how these figures have been calculated.
The “reason” behind this is that Trump seems to think trade deficits are really bad, which is bad news for the US because it’s had a trade deficit for the last 50 years. We’ll ignore the fact that based on GDP it’s been the wealthiest country in the world for that time though.
Anyway, just to give everyone an idea of how completely, utterly unrelated to anything meaningful that figure is, let’s take Cambodia. The country is very poor compared to the US so can’t afford to buy anything that the US manufacters (Cambodians aren’t driving round in Teslas or IMessaging each other). Some US companies use it for clothing manufacture because labour is cheap in Cambodia (see the previous bit about Cambodia being much poorer than the US). This means that Cambodia imports close to nothing from the US compared to what it exports, giving it a close to 100% trade deficit, so we wind up with a 49% tariff on Cambodia.
I genuinely don’t understand the mindset that looks at the US’s explotation of cheap labour in Cambodia and interprets the US as the victim in that relationship, but hey-ho maybe I’m just not biggly-smart enough to understand the 4d chess moves at play here. . .
Reference (because unfortunately none of what I said was made up and that geniunely is the calculation): https://www.theguardian.com/us-news/2025/apr/03/trumps-idiotic-and-flawed-tariff-calculations-stun-economists
Edit: After making fun of Trump for not understanding the enconomy, I went and conflated per capita GDP with GDP. Doh! Now corrected.
There’s technically no upper limit, why not make it 10000% and really see what happens!
Yeah, I think that’s one of the scariest things. Previous presidents have done a lot of terrible things, but there’s always been a basic rhetoric of morality- at oeast a pretence that official policy us “the right thing”.
The US’s latest bunch of clown have openly hateful and dishonest language, without any sense of shame. I don’t even think we’ve seen the beginning of the level of cruelty a country can achieve when it suddenly abandons any rule of law or accountability.
I think this is how Trump phrases it. In reality almost all countries have tariffs of some kind to protect key industries. Trump’s demands/bullying/tarrif-mania normally amounts to him wanting specific tarrifs removed to benefit the US.
Tbf we don’t know how many columns there are /s
Key thing to bear in mind is that we think of “chicken” as a single animal, but industrial farming has selectively bred chickens into very different camps.
Meat chickens grow very big very quickly, and are killed for meat long before adulthood. You’d need to pause production a long enough time for them to grow into adulthood, then they would eventually lay eggs, but at a much slower rate than egg chickens, and requiring a lot more food (because of how big they are)
Was about to point you to MatterMost but saw it’s not open source, doh! Anyone know if it was and switched? Or was it always closed source?
Edit: Turns out it was and still is open source, I just apparently suck at researching.
Go Grey Socks!
Seriously though, this probably won’t affect billionaires because companies like Nike can move most of their operations overseas and avoid paying tariffs during their manufacturing process, and then just pass the cost of to US consumers when they sell to that market.
Even worse, when Trump put tariffs on washing machines (which Biden kept in place) one effect was that US made washing machines (not paying tariffs) jacked up their prices for US consumers simply because there was less competition.
It truly is a sucky world for non-billinaires.