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PaperclipPerfector  5d ago (text post)   23996 thread views

Culture War Roundup for the week of January 12, 2026

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Trump announces plan to hit UK, Denmark and other European countries with extra tariffs over Greenland

Several EU countries sent tripwire forces into Greenland a few days ago. Now Trump has announced 10% tariffs on imported goods from Denmark, Norway, Sweden, France, Germany, the United Kingdom, the Netherlands, and Finland. As a sidenote, despite predictions of economic catastrophe, Trump's tariffs have been smaller and done less economic damage than estimated.

For starters, inflation is running below projections. In December, the just-announced inflation rate was 2.7 percent. The Fed’s favorite indicator was unchanged from November when the core inflation rate, at 2.6 percent, was the lowest since 2021.

Tariffs have had surprisingly little impact on higher consumer prices. “Tariff pass‑through to consumers has been much milder than anticipated,” Olu Sonola, head of U.S. economic research at Fitch Ratings, wrote in a recent research note. Yet revenue from tariffs brought in close to $300 billion in 2025, up from about $80 billion in 2024, and is currently on track to produce over $350 billion this year.

The evidence suggests that most costs are being absorbed by foreign exporters or by domestic sellers accepting lower profit margins. And since the actual tariffs on different countries are a crazy quilt of different rates, producers have also become expert at shifting their supply chains to countries with relatively lower tariffs. In addition, it’s easy to overstate the impact of tariffs on household costs, since imports are only about 14 percent of GDP. In other words, there are no tariffs on 86 percent of GDP.

The high tariff rate on China skews the averages. Excluding China, the effective tariff rate on the rest of the world, adjusting for trade share and exempt categories, is not the average 17 percent. It’s well below 10 percent. Thanks in part to the tariffs, the chronic U.S. global trade deficit has been shrinking. The October deficit was $29.4 billion, down nearly 40 percent from September. The decline continued in November, the last month for which statistics are available.

Still, no one knows what's the next step of Trump's master plan. Will it fizzle like the whole "Canada 51st state" thing? Polymarket estimates 27% chance that Trump will take "part of Greenland" in 2026.

Several EU countries sent tripwire forces into Greenland a few days ago.

Do the Europoors understand how insulting and alienating this is given their concurrent begging for US help against Russia? Even under Trump something like half of the military aid Ukraine gets is from the United States alone. This Greenland thing would be good cause to pull out of NATO if it wasn’t so impotent and pathetic.

Do the Europoors understand how insulting and alienating this is given their concurrent begging for US help against Russia?

It seems perfectly coherent to ask for help against territorial aggression and also hedge against the risk of territorial aggression. This entire Greenland business is absolutely batshit insane on multiple levels. If this were any other president we'd be talking 25A or impeachment.

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