The White House said the higher tariff is as a result of Chinese retaliation.
    • Omega
      3•19 days ago

      it was the highest in the world, used to be, before trump

  • Cowbee [he/they]
    37•19 days ago

    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.

  • Karyoplasma
    12•19 days ago

    Doesn’t matter whether it’s a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.

    • Cowbee [he/they]
      8•19 days ago

      It was 145% last, before the current rate, for those curious. It only further cements your point, it no longer has real impact, importing from China is just as dead.

        • Cowbee [he/they]
          7•19 days ago

          Many, it’s all over the news. It seemingly changes based on emotion though, we thought it was 125% but it was really 145%.

          • @[email protected]English
            2•19 days ago

            I’ve seen a bunch of articles, each with just the latest number and a date. In order to make a nice graph out of all of them, I would need to set up some sort of webscraping project to pool the numbers together. I’ve also seen a bunch of articles that have other types of graphs and tables that don’t really answer my question. The data is out there, but it’s scattered all over the place.

    • @[email protected]
      11•19 days ago

      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.

      • @[email protected]
        6•19 days ago

        Your point is fairly good but you need to recheck your math. At 145% a $10 product will be $24.50. At 245% it’s gonna be $34.50. And that doesn’t even take into account additional federal, state, and local taxes.

        • @[email protected]
          1•18 days ago

          Non-tarrif taxes would apply equally to foreign and domestic goods and can be ignored when comparing prices.

    • @[email protected]
      2•19 days ago

      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.

  • @[email protected]English
    19•19 days ago

    This is so far beyond stupid that it’s wrapped around, overshot smart, and plunged into stupid again.

  • @[email protected]English
    16•19 days ago

    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.

  • Caveman
    4•18 days ago

    All of those numbers mean absolutely nothing. As soon as the price is higher than shipping it through Singapore it’s useless.

  • @[email protected]
    16•19 days ago

    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).