US President Donald Trump has threatened China with a 104 per cent tariff, if Beijing doesn’t drop its 34 per cent tariff on US goods.
President Trump announced the plan on social media, as stock markets across the world continued to plummet.
What’s next?
Beijing has not yet commented on the president’s threat.
China: “good idea. 104% it is!”
And then don’t pick up the phone for a day.
“Do it again and I’m gonna put on a tariff of a hundred jillion percent”
/s
You know what China should do? Ban all exports to the US. Wtf you gonna tariff now, bitch?
The US is so deeply in debt with China they’ll just seize all the assets. Free iPhones for everyone in China!
Art Of The Deal, gang.
Art of the deal.
Something I don’t often see discussed in these comment sections is how many companies have group purchasing agreements and contracts that supersede the price increases of tariffs.
For example, I work for a Healthcare company who is a part of a group of organizations that have an external company negotiate contracts on their behalf, flexing their power as a group to get better deals.
Goods imported still get taxed, but the prices are supposed to stay the same, but if things get to the point where operational costs completely outweigh breaking contracts, you might see things just… Stop.
The prices are the same.
You understand that a tariff isn’t a price increase, right; that you pay the vendor the same amount? The American importer, though, also pays the gov the assigned tariff.
So you’d pay the supplier, and then you’d pay the gov.
Yeah, but we all understand that. So I’m thinking things are really just gonna … Stop.
Trump can raise them to 1000% and China won’t care too much. It will hurt, sure, but China has all the cards. They’ve been preparing for this since Trump v1.0 and know exactly where to hit the US. And they have already proceeded with a surgical strike you don’t read much about. It’s not a tariff increase, it’s more a bureaucratic measure. They sent all US buyers of certain rare earth metals required for high tech electronics to the back of the queue of buyers. Not an outright block, just “extra investigation” required before rubber-stamping the export, indefinitely if need be.
Yeah there is no doubt that any serious intelligence service will have been all over Trump and anybody connected to him from 2020 onwards. Inviting randoms into signal groups, leaving classified documents piled up out in the open, are very public evidence of what will have been rampant private weakness, that will have been exploited everywhere, by everyone. And so yes the likes of China will have known exactly what was coming in Trump 2 as soon as these plans were formed. Probably before Trump did.
I don’t recall exactly the year but there was a commerce problem between Japan and either France or Germany in the 80s. Japan didn’t want European cars in their market so made up a special inspection of engines for foreign cars. So the other side picked the best selling export I think Nagasaki bikes, and made up some special inspection as well. They ended up both allowing the free sale of both vehicles
Everyone has magic and Pokémon cards it seems.
His next iPhone will cost 7k USD Lol
Says the guy who buys everything from China
Everything we use and consume in North America basically comes from China and Asia … they don’t care because they have a billion customer userbase over there while its just over half a billion in the US
This is all like pissing off your drug dealer and threatening them for raising the price of crack after you started selling the stuff yourself for a higher price when you didn’t have to.
(US has 340M people btw)
But US industries will surely appear by magic, immediately and without any prior planning, to fill the gaps. All the government needs to do is make it incredibly painful for anyone to do business with anyone.
Everyone knows he’s gone in 4 years and so making a massive investment that completely depends on Trump’s tariffs being in place would be economic suicide.
So we get all of the short term market shock without any of the growth. Another masterful move by our orange in chief.
Everyone knows he’s gone in 4 years
If he’s still alive then, he’ll try clinging on, like an unflushable turd.
But nobody knows the number of their allotted days.
❌ incentivizing us industry ✅ impoverishing us citizens
Even if that did happen, the next step is keeping the prices of goods made in the US cost competitive. Wages in the US are far higher, so everything would STILL cost more.
in fact, it is americans that buy cheap china goods and mark them up in price substantially, rebrand to sell to Americans, they lose their profits now. which will be taken by US government instead through tariffs tax.
Exactly every single small business depends on cheap Chinese goods to keep going day-to-day
Idk if you’ve taken econ 101, but losing 500,000,000 customers is usually something you feel.
China is in Asia
Trump rolls d100 and throws a dart at a map to adjust economic policy day whatever-the-hell-it-is…
No, that would imply some sort of logic.
Dropshippers are fucked. Freight and freight forwarding companies are fucked.
Hobbyists are fucked.
Boardgamers are mega fucked
Yeah there goes cheap aliexpress electronics
No more affordable OLED displays for my projects, or quick board prototypes. Even if I bought all the equipment to make my own boards in-house, guess where all that machinery is made.
Good thing we don’t need either.
China goes all-in with 100%
Trump calls.
This whole thing lacks the elegance of poker, Trump started the dare and has escalated to triple dog.
I definitely saw this coming… he won’t ever admit his ideas aren’t working.
No he’ll double down. Then usually triple down.
Might as well, right? Shipping routes are about to stop going to the United States because it’s not worth dealing with our toxic government (I’m exaggerating)
You are not exaggerating. If this idiot increases tarrifs even more, most of the shipping will stop.
Line must go down.
China should respond by increasing to 50% first.
If china retaliates more, as a non american I will place more orders from china. maybe china could reduce prices and tariffs for rest of the world.
If I was China I would simply respond by saying any increase in tarrifs by the USA will be met with identical increase by China.
yup, china should respond with increases without saying anything. It should be automatic.
Link a certain percentage reduction to how many times Trump says “thank you” in mandarin to china everyday.
Congratulations, Donald Trump heard your suggestion.
who is donald Trump, i only know Donald duck.
