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245

US to implement 104% tariff on China as Trump-imposed deadline passes (www.theguardian.com)

submitted 3 weeks ago by [email protected] to c/[email protected]

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(page 2) 30 comments

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[–] [email protected] 23 points 3 weeks ago (2 children)

Let's all unite together as one and put 1000% on America. This is the guy most Americans found best suited to steer the country!

[–] [email protected] 9 points 3 weeks ago

no we didn't. they used anti voter legislation strategically planned over decades to eliminate voters. they are still doing this, just look into the SAVE act which will require people to now have their birth certificate or passport to vote... these if course are not common documents here as you have to pay for both, they can be pricey and time consuming to get.

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[–] [email protected] 44 points 3 weeks ago (2 children)

He doesn't realize that this is a war that can't win, right?

Maybe all China has to do is to threaten to kick out Tesla and give their gigafactory to byd. The real president is going to be really angry with the sockpuppet

[–] [email protected] 21 points 3 weeks ago (3 children)

I hope China claps back with an even higher percentage. See who folds first: the orange trash bag with a country full of people whining that they can't get their cheap Shein and Teemu slop anymore or the country that trade in mass volumes with the entire world and can probably easily trade anything bound for the US to other countries instead.

[–] [email protected] 13 points 3 weeks ago (1 children)

They stop being effective. At 50% if there is another supplier they will be cheaper and get picked. If you set it to 100% or 200% it doesn't make much of a difference. Trade just stops between the countries unless there is only a single supplier for what you need.

[–] [email protected] 2 points 3 weeks ago

Well that's what the US has just done so let's see if that happens.

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[–] [email protected] 72 points 3 weeks ago (6 children)

"In 2024, China was the top supplier of goods to the United States, accounting for 16.5 percent of total goods imports. U.S. goods imports from China totaled $438.9 billion."

lol that would be hilarious to see. If he manages to piss Mexico and Canada too (same numbers), the USA will import nothing in the next few years.

[–] [email protected] 3 points 3 weeks ago (3 children)

USA turning into Cuba

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[–] [email protected] 15 points 3 weeks ago (7 children)

the USA will import nothing in the next few years.

I don't think its going to take very long for tariffs to bite American consumers. A month ago I bought a $1000 technology item that is manufactured in China. I see that same item's price has raised to $1200 in the last week or so. This was an item ordered from online, so its possible they didn't have a large inventory onshore in the USA.

There are bricks and mortar retailers that have weeks or months of inventory warehoused in the USA just as part of their normal supply chain. However without replenishment, popular items will sell out and simply not be stocked again because the tariff affected margins will price out consumers for many of those goods. I'd say if these tariffs stay as they are (or get worse) our retailers are going to have lots of empty shelves in 3 months.

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[+] [email protected] -43 points 3 weeks ago* (last edited 3 weeks ago) (6 children)

Besides Oil, USA doesn't actually need a lot of imports (and I'm not rly sure how much imported oil they actually need if allowing for a slight increase in energy cost). Today the US relies on imports cause it managed to outsource all possible labor-intensive tasks to whom now are now the manufacturers, but getting those industries back to being made locally shouldn't take more than say, 5 years. US just imports these things because they're cheaper to make that way, but has everything except as-cheap labor to make them (including the know-how).

If this maneuver is successful, it would likely be very good for US working class.

This is not a trump endorsement btw. It's just good socioeconomic strategy to bring industry back to national territory.

Edit: To those of you who are downvoting me (i.e. everyone), don't worry. I still love you. <3.

Edit 2: I think this is my all time most downvoted comment of all time! I don't know what to say.... I'd like to thank my autism and lack of rewarding life experiences. Hi, mom! :D

[–] [email protected] 24 points 3 weeks ago* (last edited 3 weeks ago) (2 children)

Random Google search:

the main imports were consumer goods (27 percent), etc. (so, pretty big actually)
In 2017, imports accounted for 19% of the country's petroleum demand (big too)

getting those industries back to being made locally shouldn’t take more than say, 5 years

You missed a 0 here, I certainly don't expect any country to create millions of jobs in 5 years.

US just imports these things because they’re cheaper to make that way

People buy because it's cheaper. And we import because we can't make them. But even if we could (which we can't), their prices would triple while you wait for people to be trained and factories to be built.

it would likely be very good for US working class

Doubling or tripling the prices will be very bad for all the classes except millionaires.

One last quote: "Donald Trump's Atlantic City casinos have undergone four bankruptcies." He has no strategy, he's officially a fucking idiot. Even I without any knowledge wouldn't be able to fuck up a casino that bad.

[+] [email protected] -20 points 3 weeks ago* (last edited 3 weeks ago) (3 children)

Well someone didn't really care to understand what I was actually saying OR do their homework very well.

Please tell me which of these imports (sauce: wiki) cannot be substituted in the short term and is of critical importance. There's pharmaceutical and there's medical and they don't represent a very large chunk of imports. Pharmaceuticals can be made anywhere (they just follow the lowest taxes) and medical equipment... guess who was the world's largest exporter of this? The USA (see table in page 210).

Yes, consumer goods are a big import but they can be substituted to a great degree in the short term and relocated to be manufactured nationally within the mid term. That was kinda what I said, you know, before.

No, I did not miss a zero, thank you. Unskilled labor needs a few months of on boarding at most and the capital moves freely to where the money is to be made. Yes, factories take some years to build but while there's money to be made, they'll be built very fast. The most profitable ones, anyway.

You can make those goods! I believe in you! cheers

How do you think those foreign companies started making them? Who do you think they copied?

It's all stolen US/EU IP and probably a big chunk of the first movers of tech stuff are partially US-owned. All their specifications and that of the machinery that makes them were likely created in the USA or EU. This is easy to understand and see if you look at the auto industry. Anyone can make low skill labor intensive stuff... The difficulty is by definition not in the manufacturing process... The problem is it's usually only convenient for everyone for the country with the cheapest labor to make the stuff cause cheaper. The machinery and facilities required to make these things were likely also designed in the west 90% of the time.

Doubling and tripling prices in exchange for having a living wage for someone who currently has a $0 income is actually a really good deal.

I'm not saying he's not an idiot or that he's capable of empathy. This isn't about that. This is just a good move on its own. Had to be done. Sry. You guys were walking straight to an abyss out of fear of people ~~like you~~ overreacting, like you are now.

Oh and I'm sorry if your portfolio isn't doing well and you're cranky. You'll be back in the greens in no time.

Have a nice week, friend.

edit: I realize saying "people like you overreacting" was unfair. I apologize.

[–] [email protected] 14 points 3 weeks ago (1 children)

I'm sorry if your portfolio isn't doing well and you're cranky

I'm not American and don't have a portfolio. I'm just here for the lulz. The greatest country ever since the 70s managed to vote for the most stupid guy ever for absolutely no valid reason, and will destroy what they created in the process.

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[–] [email protected] 11 points 3 weeks ago (1 children)

This only works if you have a captive semi slave work force that could be paid minimally or not at all.

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[–] [email protected] 48 points 3 weeks ago (6 children)

Yeah, our economy will collapse and we'll all be waiting in bread lines. Can't wait.

[–] [email protected] 1 points 3 weeks ago

You won't starve to death. don't worry.

[–] [email protected] 2 points 3 weeks ago

I'm growing my own food in the backyard, should be ready to eat by August!

[–] [email protected] 13 points 3 weeks ago (10 children)

gotta love every one in the world laughing at us as we suffer at the hands of lunatics.

doi they understand WE didn't vote for this shit. big because of the stupid ass electorial college here we are.

[–] [email protected] 11 points 3 weeks ago* (last edited 3 weeks ago)

2/3 of the voting populace saw Trump next to Kamala and considered Kamala a bigger threat