Trump tariffs on China increase to 145%

14 comments

1. He looks like a cartoon villain with these numbers

2. It’s going to be a long 4 years.

3. Good bye to small businesses importing from China whether it be parts or final product. All your purchases abroad now costs 2.5x more. I highly doubt your customers are able to absorb the costs.

   Good luck sourcing from local suppliers too.

4. By Monday it would become 200%.
   And then 1000% by end of this month.

5. Just make them gazillion %, as after the tariff goes above the profit margins it hardly matters what the number is as it’s still unprofitable to import anything.

6. Put tariffs on china and leave every other country

7. Why not a million?

8. Seems the US is finally acting to avoid the higher price of cheap goods that could be sourced elsewhere.

9. At what point does the capital-owning class speak up? Like, what is Tim Cook’s cost-benefit analysis for when he decides Apple’s profits will be curtailed by these tariffs?

10. Might as well declare an embargo.

11. Trump went about it the wrong way and his bluster just makes things worse.

    However, does Trump have a point when he talks about tariffs that other countries level on the USA as well as 3rd countries?

    Many of you may find Trump’s tariffs distasteful, but they have to be viewed in the context of what is already a highly illiberal global trading order.

    Tariffs have long been a tool in the arsenal of advanced countries and remain so today.

    Other countries, including rising power India, levy tariffs of 70 to 100 per cent on electric vehicles (EVs) from China and elsewhere.

    Europe, which screams the most about tariffs, has been reluctant to reduce its historically high protective barriers on quite a few American products.

    Canada, a beneficiary of an almost $100 billion trade surplus with the US last year, has also been very protectionist for a long time.

    Canada recently levied an 100 per cent tariff on imported Chinese EVs and a 25 per cent surtax on Chinese steel and aluminium.

    Is the counterweight to trump an argument to simply leave things “as is?”

    TL/DR: few people here like Trump nor his methods. However, does he have an credibility when he says that trade needs to be re-examined?

12. Hey, Anything else you forget to add?

13. So what’s the game plan when the shelves run dry? Toilet paper driven martial law?

    Seriously guys wtf is going on over there?

14. what ? jumped again ?

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