The US president said China had “panicked” and “played it wrong” by announcing 34pc levies against all American goods from next Thursday.

https://www.telegraph.co.uk/business/2025/04/04/ftse-100-markets-trump-tariffs-latest-news-starmer-uk/

by esporx

19 comments

  1. I would say china is reacting how any other country would react. I mean what was the Americans thinking china would react?

  2. Trump economically attacked everyone. He handed the Chinese an opportunity like no other to garner partnerships from former us allies. What an absolute dumbass.

    What about his secretary of commerce illegally spruiking Tesla stock a couple of weeks ago, leading to an influx of retail investors temporarily boosting Tesla stock price. That’s looking like pretty fucking bad advice right now.

    The patients are in charge of the asylum 

  3. How about the millions of people panicking in America over Trump’s misguided policy decisions?

  4. More on this subject from other reputable sources:

    —
    – Boston Globe (B+): [Dow drops more than 1,100 points as China hits back with tariffs on US imports. Follow live updates. – The Boston Globe](https://www.bostonglobe.com/2025/04/04/nation/trump-presidency-live-updates/)
    – Reuters (A): [China hits back hard in global trade war with tariffs on US goods](https://www.reuters.com/markets/europe/europe-prepares-response-trump-tariffs-global-markets-plunge-2025-04-04/)
    – Quartz (B+): [Trump’s new tariffs would be laughed out of a high school economics class, analyst says](https://qz.com/donald-trump-reciprocal-tariffs-retaliation-lutnick-1851774485)
    – Irish Times (B+): [China announces 34% retaliatory tariffs on US imports](https://www.irishtimes.com/business/2025/04/04/china-announces-34-retaliatory-tariffs-on-us-imports/)

    —
    [__Extended Summary__](https://www.reddit.com/r/newswall/comments/1jq98g5/) | [FAQ & Grades](https://www.reddit.com/r/newswall/comments/uxgfm5/faq_newswall_bot/) | I’m a bot

  5. I’m not that old, but old enough to remember when one of the earlier-gen iPhones came out and it had some design problems with the antennae that was built in (as all smartphones these days are).

    Steve Jobs told people ‘you’re just holding it wrong’.

    This reminds me a lot of that, in some ways. It’s a way of shrugging off the fact that it was designed/engineered shitty, but if you just try to look past that and see some possibilities….it might be a win?

    Not that I think it will be a win. It’s pretty much a disaster, IMO.

  6. Is pc the new % sign? Cause I read that as 34 piece, like 34 pieces of chicken from KFC

  7. Just like in a war it is better to fight on a single front instead of opening up 60 of them and all at the same time; It is doomed to fail. This is despite the fact that the two largest trading partners [Canada and Mexico] have been exempted from the new round of tariffs for a few weeks. It is not making it any easier for the U.S. consumers. Absolutely, an idiotic move.

  8. It seems when he was studying at Wharton, the tariffs lecture was probably the only class he showed up for..

  9. This is the divorce. Those markets aren’t coming back for the US.

    It’s a great opportunity for China to paint the US as the global villain / clown, and seize their markets in the meantime.

  10. Ole “erratic hand China”, showing up to the stable Trump admin.

  11. the problem with Donald Trump is that he thinks that only USA buys from china, nobody want to buy overpriced stuff made in america. the rest of the world will buy cheap stuff from China, while USA will be stuck with overpriced stuff made in america.

  13. 120 countries count China as their top trading partner. China does about $6.3T in foreign trade compared to the USA $5.4T.

    We are trying to bully an economy that is bigger than us, supplies more of the world what they need than we do, and in addition to that isn’t threatening their allies and trading partners.

    This will not end well.

  15. They played it wrong? This is just a game to these people. Our lives are just part of the game. Our livelihoods, just part of the game. I’d say we’re the pawns but even they are useful to the monarchy, we’re more like the sticks in a barrel of monkeys that just get lost or broken and no one gives a shit about.

  16. The entire US leadership is a bunch of grifters. What an embarrassment.

  17. US imported from China 439B while China imported from US is 165B. It is not even a close figure consider both charge a new 34% tariff. If China need to hit back to China, they need to consider new type of tax to US tech company that based in China

  19. > Who knew tariffs were so difficult??? And did you know *we* pay for them? Not my fault though

    Donald Trump probably

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