Trump tariffs live updates: Trump raises tariff rate on China to 125%, pauses ‘reciprocal’ tariffs on other countries

19 comments

1. Snippet from news article:”President Trump unilaterally raised the US tariff rate on China to 125% and instituted a 90-day pause on steep ‘reciprocal’ tariffs on non-retaliating countries in a social media post on Wednesday afternoon.

   “I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” Trump posted on Truth Social. “Conversely, and based on the fact that more than 75 Countries have called Representatives of the United States, … and that these Countries have not, at my strong suggestion, retaliated in any way, shape, or form against the United States, I have authorized a 90 day PAUSE, and a substantially lowered Reciprocal Tariff during this period, of 10%, also effective immediately.”

2. Why not 250%?

3. [removed]

4. This is not the worst strategy from trump. Certainly better than the across the board tariffs.

5. Market manipulation is what it is…

6. It was always aimed at China. No other country has the means to engage in an all out trade war with US. Lets see how far Trump takes it.

7. [removed]

8. China should strike back with 150% tarrifs and not match it equally this time, specifically because Trump is now open that he wants to isolate China and court the rest of the world, while at the same time ccp need to up the pressure on US which is now relieved with Trump lowering tarrifs for others.

   However he’s still made a mistake by putting 10% tarrifs for rest of the world so there’s still open space for China to vie them to ally against Trump.

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10. The CCP end up holding the tariff bag as trump announces 90 day pause on everyone else, as expected. Loss of access to the US market will result in a viable alternative supply chain to develop and mature so the CCP can’t hold the world ransom for particular goods, resulting in loss of economy of scale, causing higher production goods, making CCP goods uncompetitive, locked in a death spiral that gets woesen as the likes of EU, India, Japan etc… source from that alternative chain for geopolitical reason to avoid the high price of cheap goods that can be sourced elsewhere.

    Now the CCP can go be an unrepentant economic scammer, liar, and thief against someone else. The US is finally having the heart to flick it off its attempt to latch onto the US as a strategy to decrease its dependency on the US while increasing the US’s onto it.

11. Other countries should just keep their tariffs in place now. That’s the move

12. Hey, what company is going to invest billions in moving factories to the US when the tariffs are going to jump up and down by 20% and are open to negotiation? Is this an attempt to bring manufacturing back to the US or to extort the rest of the world for short term benefits that don’t even match short term losses? Im sure Trump and his goons will personally benefit from the racket, and I’m sure Russia and China enjoy seeing the US isolated and weakened, but I don’t see how the American people benefit at all.

13. This is a circus. Serious countries should just stop listening and decouple from the US asap, even if it is painful.

14. If only Trump had just continued the existing efforts to have the developed world as a whole try to contain China rather than scuttling that during his first term. He made this problem worse and now resorts to over-the-top nonsense to try to fix it.

15. And a billion Chinese products suddenly got relabeled as made in Vietnam and routed through there. Just like last time.

16. The dumbest thing is that deliberately crashing and raising the stock market back up like this still puts a hole in your trade credibility. No way this won’t negatively impact *checks notes* the world importing and exporting with the US regardless.

17. WASHINGTON, Oct 18 (Reuters) – Republican presidential candidate Donald Trump said he would impose additional tariffs on China if China were to “go into Taiwan,” the Wall Street Journal reported.
    “I would say: If you go into Taiwan, I’m sorry to do this, I’m going to tax you, at 150% to 200%,” the former U.S. president was quoted as saying in an interview with the WSJ, opens new tab published on Friday evening.

    150% is not too far away

18. So are we just going to do this every 90 days?

19. Gee, if you knew ahead of time when Trump would change his stance on tariffs, you could make a killing in the stock market.

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