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.
Ha Ha Ha! I dare you! XD
I definitely saw this coming… he won’t ever admit his ideas aren’t working.
No he’ll double down. Then usually triple down.
“Do it again and I’m gonna put on a tariff of a hundred jillion percent”
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.
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.
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.
❌ incentivizing us industry ✅ impoverishing us citizens
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.
Ronnie Jackson, his first term doctor, said Trump had great genes and could live to 200.
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
China is in Asia
(US has 340M people btw)
Idk if you’ve taken econ 101, but losing 500,000,000 customers is usually something you feel.
China: “good idea. 104% it is!”
And then don’t pick up the phone for a day.
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.
Dropshippers are fucked. Freight and freight forwarding companies are fucked.
Good thing we don’t need either.
Hobbyists are 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.
Boardgamers are mega fucked
Art Of The Deal, gang.
Art of the deal.
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.
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.
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.
Line must go down.
Why is there a space in “per cent” instead of the American English “percent”? (Probably because au link)
I read this as per 1 cent piece instead of % (percentage).
Including the space is fairly common here in the UK. I assume it must be in Australia too
Cent is 100. Like how a “C-note” is a $100 bill. Per cent is “out of 100.” 50% tariff is “out of every 100 finance units, 50 will get an additional charge.”
50 per cent(100). Percent is the same word mashed together.
I can get how it looks weird to you if you’re used to writing and reading “percent.” It’s kinda like writing “a dios”(to God) instead of “adios”(goodbye) to someone who speaks Spanish. Adios is borrowed from adieu(goodbye) in French. Adieu is the mashed up version of “a dieu”(to God fr) which is the shortened version of “a dieu vous commant”(I commend you to God), which was a proper farewell back in the old old old old days. While all versions of it are technically correct, it still looks weird to someone who always writes “adios” or “adieu.” In a similar fashion, I guess if someone wrote you “good bye” instead of “goodbye,” you’d probably think they dropped a punctuation or something.
Cool, thanks.
Same thing. That’s where the compound word “percent” came from.
