Trump threatens extra 10% tariff on nations that side with Brics
www.bbc.com
The president said the levy will apply to "any country aligning themselves with the Anti-American policies of Brics".

“Any country aligning themselves with the Anti-American policies of BRICS, will be charged an ADDITIONAL 10% tariff. There will be no exceptions to this policy,” Trump wrote on social media.

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          • SkingradGuard [he/him, comrade/them]@hexbear.netOPEnglish
            4·
            11 days ago

            Eh, depends. The American and Euro companies have massive factories there, but so do native Indian companies.

            But pharmaceuticals are an “advanced” industry that tends to stay in-house. It’s one of the few industries that stays in the country (like weapons). This isn’t a global north/south split either. Brazil for instance, has a massive pharma industry. I guess it’s just one of those important industries to keep once you reach a certain stage of development.

            • PeeOnYou [he/him]@lemmygrad.mlEnglish
              2·
              11 days ago

              Not trying to be a pain in the ass, but I’m not sure what you mean by keeping it ‘in-house’? My partner has been working for bio/pharma for the past 8 years or so. The companies she works for always contract with other companies, most of which are large pharmas outside the US. Seems to be a pretty collaborative industry due to the high cost of coming up with new drugs.

      • Grapho@lemmy.mlEnglish
        3·
        11 days ago

        Sure, I can buy a better product for 10 dollars that’s made in Vietnam by a Chinese company, but this piece of shit that costs 150 dollars before tax and has no aftermarket replacement parts anywhere says “Made in the USA”.

          • Grapho@lemmy.mlEnglish
            3·
            11 days ago

            Which is not just morally horrible (which should be the end of it), it’s economically horrible. It’s very unsustainable, will plunge the working class into debt (and then into debt peonage, most likely) and then the market goes kaboom and there’s no guarantee that the world bails out the US again.