China strikes back with 125% tariffs on U.S. goods, starting April 12 (www.cnbc.com)
from return2ozma@lemmy.world to world@lemmy.world on 11 Apr 08:23
https://lemmy.world/post/28074599

#world

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FrankMaleir@lemmy.world on 11 Apr 08:49 next collapse

At some point it might as well be 1 billion percent.

A_A@lemmy.world on 11 Apr 10:52 next collapse

indeed … at the point where trade essentially stops, the exact tariff percentage becomes irrelevant.

evenglow@lemmy.world on 11 Apr 12:01 collapse

RTFA. Your comment is what China said. At this level trade basically stops. That’s the point.

Obelix@feddit.org on 11 Apr 08:53 next collapse

I’m sure that the Trump administration won’t report correct inflation data, but that will be a wild ride for Americans

Darkard@lemmy.world on 11 Apr 08:54 next collapse

Those maga hats and trump flags are going to cost a fortune.

taladar@sh.itjust.works on 11 Apr 09:48 next collapse

I doubt many people in China are going to re-import MAGA hats from the US.

Mim@lemmy.zip on 11 Apr 10:51 collapse

Maybe China should put some export duties on that crap

Chainweasel@lemmy.world on 11 Apr 11:51 collapse

Especially since he’ll probably want an exception for his junk.
125% for everything with the exception of trump branded bullshit, honestly I’m kind of surprised it’s not already in the fine print.

A_A@lemmy.world on 11 Apr 10:49 next collapse

With +154% USA’s tariffs → on 1st degree a $10.00 flags+hats package is now $25.40 … But on 2nd degree, the hat’s crowd will cost much more to the decaying USA.

biofaust@lemmy.world on 11 Apr 12:35 collapse

It will be the end of corporate swag at conferences.

DarkDecay@lemmy.world on 11 Apr 11:59 collapse

Good thing I wouldn’t even buy one to burn

khannie@lemmy.world on 11 Apr 10:31 next collapse

“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the ministry said in a statement,

Very concisely put. We’re at that point. Trade is effectively shut down at this point between the two. My limited understanding is that on the US side this will hit farmers the hardest.

Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.

Chainweasel@lemmy.world on 11 Apr 11:36 next collapse

Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.

And people in those markets are set to make billions by importing cheep Chinese goods, placing them in packaging made in their country, and exporting to the US with a markup.

I already know it happens because I’ve done it at a factory here in the United States.
I worked for a plastic injection molding company and we would import cheap Chinese metal tools and parts, for example a garden hose sprayer, then injection mold a plastic handle around it that covered the “made in China” stamp and repackage it in boxes that said “proudly made in the USA”
This was all good and legal because the plastic handle and packaging were indeed made in the USA and our company didn’t consider them finished products without the handles.

STUNT_GRANNY@lemmy.world on 11 Apr 13:23 collapse

Creatively dodging tariffs is nothing new - the Subaru BRAT famously has rear seats to get around the chicken tax, which is (among other things) a 25% tariff on imported trucks.

evenglow@lemmy.world on 11 Apr 12:03 collapse

And just like last time Trump will give them money to not talk about it.

A_A@lemmy.world on 11 Apr 10:42 next collapse

in about 6h and 20 minutes from now since Beijing is in UTC +8.00

commander@lemmy.world on 11 Apr 16:40 collapse

Chinese internal consumption grew since the first Trump republican admin. This will drive their local industries even further and grow the significance of relationships with its neighbors. Then here in the US, we’ll spend less, have worse trade relations with neighbors and overseas countries, a good portion of us will have less interest in domestic made goods.

The US stupidly skipped to the end of a trade war plan. Didn’t shore up domestic manufacturing beforehand. Didn’t gather agreement with alliance countries to wage war together with. Didn’t shore up support from the population to shoulder higher prices. No good will built. Just 3 months of immediate attacking everyone and be surprised that now domestically everyone’s panicking too because no one prepared for this