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The president just keeps introducing more chaos.
Archived version: https://archive.is/newest/https://gizmodo.com/trump-threatens-104-tariffs-on-china-as-the-mad-king-plays-chicken-with-the-global-economy-2000585944
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China and the USA ruining each other. I’m going to need more popcorn.
Nah, US is suicide bombing its economy in the vicinity of China. Still popcorn-worthy.
China is getting economically hit in the short term, but the amount of soft power they were gifted by this administation is something they have dreamed for decades upon decades.
And it’s knly getting hit in regards to US trade. They also trade a lot with other nations, Europeans also know their way to buying all the Teemu, Shein and Ali express slop.
Not just that. Try manufacturing anything without Chinese parts… They make everything switches, resistors, motors, just everything.
Apple will get fucked real hard, since pretty much all their iphones are manufactured in China
Yes, but they sell them worldwide. So, if they move manufacturing, then they have the same problem in reverse. If they have multiple manufacturing bases worldwide, not only are they less efficient as the companies/cointries aren’t competing on price, but they lose efficiency of scale. So even if they did what trump purports to want, it’s less efficient, and inflationary.
On the flip side, the fact that many expect he’ll eventually capitulate when there is enough pressure, or it will end in 4 years, means nobody, including Apple is going to invest in American factories. It’s just a risk with minimal benefit. So lose/lose. He’s an imbecile.
China will be fine
So I guess it’s another precipitous drop on the stock market when it opens again.
Nero watching it burn
It hurts itself in its confusion! It’s super effective!
Exactly! China retaliation was a master stroke.
Better title should be “Trump Threatens 104% GST tax (tariffs) increase on Americans buying imports from China as the Snowflake Woke King Plays with tariffs.”
Do it! just do it! and you will see how China will block all minerals to US this time! He has nothing on the table, thats why he is playing tariffs and its only card IMO.
I bet Trump didn’t have many playmates as a child.
My understanding is that Trump has no fucks to give, is reveling in the chaos, and that nothing short of dethronement will stop him. So ya’know, we’re fucked.
He’s 80 years old. He has no horse in the race anyway. His legacy is going to be a urine-soaked grave they’ll eventually have to relocate to an undisclosed location where people can’t piss on it.
His dad lived into his 90’s. I don’t think his dad snorted enough blow though to break his anus.
I did not know it was possible to snort enough blow to break your anus
I just used anus instead of ass but prolonged use can cause all kinds of problems with the intestines and bowels sometimes resulting in the need for a colostomy bag. Which trump has. All of these shrubs have drug problems.
In a few years time America has the chance to put Ding Dong the Witch is Dead back on the charts
Hopefully people can still burn down mar a lago
Due to flooding
It is just a way to rise taxes without explicitly rise taxes. And a dump n pump scheme, like crash the market, buy some cheap bags, after buying announce that some countries behave, stocks rebound, profit
At some point
tarrifstariffs won’t matter anymore because at that tariff height the goods could just as well not be available at all.Yep, we are watching the active teardown of the global trade infrastructure that has been built over the past 5 decades.
That international trade has been the single largest deterrent to international warfare. Neighbors who actively trade are far less likely to go to war with each other. Powerful nations have an interest in exploiting less powerful nations economically rather than conquer them militarily - it’s cheaper, and you can extract value from the exploited nation over an extended period rather than gain some short-term value while destroying the source of that value. The exploited nations benefit by not being attacked, and may have more flexible options for improving their position economically (i.e. Japan in the electronics market in the 1980s).
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
The Trump administration looks like when a new manager takes over a functional team, doesn’t know how anything works, can’t be bothered to try to understand, and just starts breaking established processes to prove that they’re in charge.
Except in places I’ve worked where this happened the new boss was on probation and could more easily be let go for poor performance. We tried something like that with tRump with two impeachments.
There’s no such thing as a recall election for the president, at least not for 4-years. And that’s a long time from now. Took only 80 days to get here from inauguration. We, and the global markets, will never recover if they leave it to us to fix it. Rest of the world can go on without us.
China will suffer from reduced sales. The rest of the world except the US will reap the benefits of this.
lol no, American will still buy China goods and pay the higher tax (tariff which is basically GST/VAT) rate to Trump due to lack of alternatives. In fact sales are going up because people are stockpiling. Even other countries like Skorea, Samsung made record sales in US due to tariffs announcement.
One r two fs in tariff
Since we’re apparently going to have to be spelling it all the time now.
Ah, yes.
I’d rather like to forget about it all until I can do more than just avoid American products
American products will be ridiculously overpriced now due to Trump charge a tax (tariff) to americans who import goods from china and other countries. No one will be able to afford them.
just use Tarkin.
you fool, you missed a tarrif
“Back off or I shoot myself in the other foot!”
It’s got some real “Black Knight” energy to be sure.
I fucking hate magats so fucking much
Can’t wait for the next year when he screams in the corner about other countries being mean to the US, so he is forced to do military incursion into the Greenland.
Fuck everyone who voted for this, btw. But also fuck every single motherfucker who enabled this orange bafoon long before he got there.
Fuck his grandparents for being fertile.
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Just think if his mom would have just swallowed that night how many lives might have been saved.
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The better half of him ran down his mommas leg.
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Bloody snowflake Trump, always whining about other small countries bullying US, someone need to slap the wokism out of him.
Is a bafoon a cross between a baboon and a buffoon?
Liz Truss did less damage than this and we had her in the stocks in Trafalgar Square in under a week.
He’s finally figured out a number bigger than 100!
Bit idea: we teach Trump about Graham’s Number so he creates tariffs with rates higher than the amount of atoms in the universe.
No. He said “50% more !”
Don’t hold out any hope that magats will wake up, they’ve already been programmed to rationalize it and are suckling boots like good little followers
TBH idgaf about USA tariffs on China specifically.
It doesn’t help either country but fuck China, so yeah.
It fucks America a lot more than it fucks China.
Yes. The US is the largest global consumer.
Basically the US says to China “we’re not buying your stuff anymore!” and China is like “Ok, I guess we’ll sell it to someone else. Best of luck to you. Don’t let the door hit you in the butt on your way out.”
China is still selling to US, they don’t care since they are not the ones paying the tax. In reality what is happening is Trump Threatens 104% “GST” tax (tariffs) increase on American for buying imports from China. China is not paying the tax, americans are.
This tariff thing was just a way for trump to tax americans more while making it look like he is not, most people see tariff on china thinking it is china being attacked. lol. It is actually tax on Americans, the money collected from tariffs is tax paid on goods by Americans.
Good. The entire reason US is in this situation is because it has forgotten the last time it got fucked.
I think at some point we can all agree demand will fall proportional to the tariff, effectively an embargo.
No, it is not effectively an embargo. The reason American economic punishments work is because they impose penalties on countries and companies that do trade with embargo/sanction targets, so even though it’s only America attacking these countries Chinese, European and other firms avoid trade due to the threat of secondary penalties. Tariffs only work on American soil, so they have none of these secondary effects and the result will be that China will simply sell their stuff to someone else. To repeat, American embargoes work because they also prevent the target from simply doing business with someone else.
China will still sell to America, the demand will still be there. Americans will just pay the higher “GST” (tariff) tax on the products.
Embargo means no more trade. Extreme high price means no more demands means no more trade. Effectively, at some point it becomes an embargo.
Yes, China can sell elsewhere. That is also the case with a US Embargo. Idk why people are so dead set on not mincing this word.
No, increased prices never “effectively” become an embargo. An embargo is no sales full stop. Selling a single Polo mint for $500000000000000000 is still not an embargo.
That’s like saying 1.999999999999999999999999999999999999999999999999999999999 is not the same as 2.
in fact at that price it become a status symbol, the manufacturer just need to make 1 sale. Or people will just travel to mexico to buy it cheap.
That is also the case with a US Embargo.
It’s not. Look up the US embargo on Cuba.
Not only did Cuba trade with other nations, but they managed to get Nuclear Missiles shipped in from Russia.
They’re probably a magat so they’re probably fine with that as long as China is also getting fucked cos that’s their fucked up logic
Yeah the OP commenter on this thread regularly has bad takes from my relatively short time here
Is this a cut off your nose kind of thing again?
The way I see it: US consumer wants Chinese thing, pays China. With tariffs US government goes: “Hey, we don’t do that over here, pay me” - US customer also pays US government.
US customer ends up paying more for the same thing.
Now to the tricky part:
If economic theory works and thing costs what it’s worth, this means tariffed consumer is overpaying and leaving margin for others to fill. A domestic producer could then make a profit even when not as efficient as the Chinese, cool.
But, a lot of things China does aren’t currently made in the US, factories have to be built, some things won’t be viable at higher prices (maybe not many enough would pay $99 for a phone cover), and some things will never be able to be produced cheaper (no child labor, expensive adult labor).
So it would take quite some effort to first figure out if it’s viable to produce in the US and then to build the production in the US. It also takes quite a lot of time, years probably. Will the tariffs stay that long? If unsure, why risk wasting the effort. If sure, how will the years of punishing prices affect consumers?
that is why I think this tariff thing is not an attack on other countries but just a way for trump to collect more tax from americans, since they have no choice but to buy from china. Trump collects more tax from Americans while making them think he is attacking foreign countries. lol.
In reality, Trump Threatens 104% “GST” tax (tariffs) increase on American for buying imports from China. It is just a fancy GST/VAT tax that discriminate based on country.
you need to stop wearing underwear on your head while thinking.
You talk a lot about Economic Theory considering you completely ignored one crucial detail: consumers won’t buy it if the price gets high enough. This could effectively become an Embargo, and it should because Fuck China.
US Consumer will still buy it if it is essential/critical. If it gets high enough they will travel out of US to buy it. Example people travel overseas for medical treatment/surgery/medication/products. Because even after including ticket price and hotel stay it is still cheaper overseas than in US. It might even open up new smuggling trade. Everyone bags are going to be checked more thoroughly in US.
Because of how cheap thing are outside US people may start traveling to SEA/china/Samerica and etc more for shopping, boosting their travel industries and economies. These countries can charge special (tax) on american tourist to collect more money, it will still be cheaper than buying in US.
You need to learn how to put on your shoes.
You talk a lot about Economic Theory considering you completely ignored one crucial detail: consumers won’t buy it if the price gets high enough
not many enough would pay $99 for a phone cover), and some things will never be able to be produced cheaper (no child labor, expensive adult labor).
I seem to have mentioned this.
This could effectively become an Embargo, and it should because Fuck Chinam
If that is the case it’s kind of an own goal; China is still free to trade with anyone, including US consumers that pay more. It’s just the US consumers gwtting worse access to thw products they want. Closer to a self embargo, no?
It’s like a much more expensive “Buy American” campaign, only it also makes the US utterly untrustworthy in any future trade deals or investments.
If the USA embargoes have no effect as you claim then certainly a lot of hooting and hollering over the last century about the exact topic seems pointless in hindsight.
You have a hard time tying your shoes while thinking about something else, don’t you?
China sales to US will remain the same as there is no alternatives. This was just a way for trump to tax American but make it look like other countries are being harmed. In fact many companies in china and other countries are making record sales to US due to stockpiling in US.
In truth, Trump Threatens 104% GST tax (tariffs) increase on American for buying imports from China. China is not paying the tax, americans are.
You’re arguing against statements I haven’t even made lmao
The problem is that the US and China are the two largest economies in the world. Everyone else kind of orbits around them. Conflict between them will have a lot of collateral damage.
Yeah, thats fair, but China allowed free reign with no consequences for all their modern atrocities and hostile actions including US election interference would also give the world collateral damage.
Limit trade with them, embargo them, whatever we can do lets do it. I want the 1990s sociopolitical drama on repeat like its my favorite show.
Lately the US has been working overtime to destroy its own China-bad propaganda and our good will to go along with it. We’re probably gonna go with “fuck the US” this time around.
It’s shorter to just call China-bad propoganda as “good journalism.”
