Donald Trump has threatened to impose an additional 50% tariff on imports from China on Wednesday unless the country rescinds its retaliatory tariffs on the United States by Tuesday.
The news comes on the third day of catastrophic market falls around the globe since Trump announced his trade war last Wednesday with tariffs on the US’s trading partners.
As part of that move the White House announced it would impose a 34% tariff on Chinese imports. In response, Beijing announced a 34% tariff on US imports.
China replies … actually china just yawned and doubled tariffs.
china doesn’t need us goods; on the other hand, when everything at dollar general quadruples in price, more people will join the anti trump protests
I think you’re overestimating the intelligence of your average dollar general shopper.
I don’t like the framing of this as “poor people = stupid,” but either way China produces everything from the cheapest commodities to high quality machinery, it won’t just be Dollar General hit.
Intelligence is relative. You could be a rocket scientist trying to convince me that Trumps’ foreign policy moves are brilliant and I would still consider you to be an idiot.
Your point was that dollar general shoppers are too stupid to connect rising prices with the tariffs everyone is talking about. This is infantilization of the working class.
Oh China did much more than that… Over the weekend they basically imposed a ban on shipping rare minerals to the US. The stuff used for all those chip fabs Trump wanted to build in the US. Minerals used for medical equipment. Minerals used to make bullets hard or allow missiles to aim for targets. They essentially shut out the majority of tech and military in the US. China knows how to deal with an idiot, and the idiot’s response was “more tariffs, that’ll teach 'em!”
Oh god how stupid. China has built an entire transhipment network. China was never going to pay those tariffs anyway. Instead, US companies that desperately tried to follow the rules are still stuck shipping from China. So what happens next? US companies will now have to beg China access to these networks. You thought Tik Tok was a national security issue? When all your goods and services imports are controlled by China…
Worse the canceling of the deminis clause was only against China and HK. But both those companies have transhipment logistics networks across the globe. We are about to see millions of packages a month from dozens if not a hundred different countries. They’re asking for China to unleash what it’s spent the past 5 years building up.
The Trump government doesn’t understand. US previous actions created this. Perhaps if they did this immediately, China couldn’t respond. But China has been courting the global south for decades to set up a resilient logistics network for literally this reason. If you ever wondered what BRI is about, well your about to find out.
That aught to help the markets out. 95% of our good are manufactured there, but let’s throw gasoline into that fire.
This guy really is Nero reborn.
JDPON Don is the most committed comrade to the destruction of the US Emprie.
Trump’s not used to people fighting back.
just like putin.
