China now faces 245% Trump tariff
China now faces 245% Trump tariff
The White House said the higher tariff is as a result of Chinese retaliation.
Archived version: https://archive.is/20250416092702/https://www.newsweek.com/china-245-trump-tariff-2060295
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A million bajillion percent.
Muwahahaha!!
Indeed. It's at the point the exact number is irrelevant.
Infinity percent No backsies runs away
Me first! Smoke bomb!
You beat me to it by a mile.
It’s fun to watch just how incredibly fucked America is becoming on the global scale.
It’s being led down a path of isolation by a Nazi syphilis infected rapist who acts like a toddler at nap time throwing a temper tantrum because he wasn’t able to get the juice box he wanted.
"fun" like the pejorative "fun", right?
It's just such an asinine way to go down.
It fucks lots of people around the globe. I don’t see any fun this.
the US going down is objectively a good thing for most of the people on the world.
I mean, if the fuckwits had to win at least nobody's going to have any fun.
China US consumers
Only for goods that the US almost exclusively sourcing from China. So quite a lot of them.
While things like textiles and simple plastics could probably be on-shored to the US in relatively short time, many more advanced products will cost a lot more.
But the tariffs seem much smaller than China deciding to stop selling refined rare earths and products from them to the US and US allies such as the EU. That is going to make the US bleed big time.
Will probably see further movements from the PRC to sell off US treasury bonds and shifting more away from the dollar in general, along with tighter export restrictions on rare Earth. China already said they won't keep increasing tariffs, but they seem dedicated to not backing down, and they have the Material means to actually resist US trade aggression.
What would be incredibly based is if the PRC starts paying off loans in Africa with its dollars, decoupling the Global South from the US even further. Gets rid of dollars and debt in the Global South, potentially freeing up new customers for goods produced in China and strengthening ties.
I think they'll most likely give out loans in USD and get repayment in Yuan. Eventually becoming the globally traded currency
Would be another strategy for sure.
He found a bigger number somewhere?
He'll find another. I bet 420%
nah, elon's holding that one with a death grip
Title should be "Americans face 245% Trump tariff on China"
The US is only 4% of the world's population. We may have more US dollars than anywhere else, but 96% of the world is still a sizable potential market.
This headline is bullshit. The correct headline would be "Americans now face 245% Trump tariff on Chinese goods". No need to spread misinformation about how tariffs work.
This is so far beyond stupid that it's wrapped around, overshot smart, and plunged into stupid again.
Gonna need more than eight bits soon.
Welp when the debt defaults and everyone stops using American dollars or hold their gold here, then better hope we don’t all become forced to use crypto like El Salvador (which is probably the blueprint plan).
Maybe it is the plan…
I shouldn't be laughing but...
Next stop: trade embargo
Nah, its not over 9000 yet.
We could call it the BFT 9000.
A post 6 hours old. I give a 50% chance, that the number is outdated.
Doesn't matter whether it's a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.
It does make a difference. Let's say a thing you need about once a month to run your business was 10 dollars from China. You can get a similar product in the US, but it's 30 dollars. At 80%, it's still cheaper to get from China, 18 bucks. At 245%, it's now 24.50 to buy from China. Still cheaper than buying from the US, but now way more expensive.
I know these are made up numbers, but it isn't that unusual for US made items to be 3-10x the price of making it in 'cheap labor' countries. Also, this assumes there is a comparative replacement made in the US. But many machine parts have no analog or are proprietary, you must buy it from China or end that part of your business.
All of those numbers mean absolutely nothing. As soon as the price is higher than shipping it through Singapore it's useless.
You think they laugh at him? They probably laugh at him
I don't think Chinese politicians actually laugh. They might outwardly chuckle but I doubt they find anything truly funny. My bet is their next move will be to take Thailand. They can't directly invade but they can block exports. Trump is initiating World War 3.
wtf they beat the Turkish car tariffs
it was the highest in the world, used to be, before trump
hahaha line go brrrrrrr
Lol we got a fentanyl tariff now🤣