this post was submitted on 16 Apr 2025
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Global News

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The White House said the higher tariff is as a result of Chinese retaliation.

Archived version: https://archive.is/20250416092702/https://www.newsweek.com/china-245-trump-tariff-2060295


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[–] [email protected] 44 points 1 week ago (3 children)

Will probably see further movements from the PRC to sell off US treasury bonds and shifting more away from the dollar in general, along with tighter export restrictions on rare Earth. China already said they won't keep increasing tariffs, but they seem dedicated to not backing down, and they have the Material means to actually resist US trade aggression.

What would be incredibly based is if the PRC starts paying off loans in Africa with its dollars, decoupling the Global South from the US even further. Gets rid of dollars and debt in the Global South, potentially freeing up new customers for goods produced in China and strengthening ties.

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[–] [email protected] 32 points 1 week ago (1 children)

He found a bigger number somewhere?

[–] [email protected] 21 points 1 week ago (1 children)

He'll find another. I bet 420%

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[–] [email protected] 70 points 1 week ago (5 children)

It’s fun to watch just how incredibly fucked America is becoming on the global scale.

It’s being led down a path of isolation by a Nazi syphilis infected rapist who acts like a toddler at nap time throwing a temper tantrum because he wasn’t able to get the juice box he wanted.

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[–] [email protected] 17 points 1 week ago

I shouldn't be laughing but...

[–] [email protected] 10 points 1 week ago (1 children)

You think they laugh at him? They probably laugh at him

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[–] [email protected] 20 points 1 week ago (1 children)

This is so far beyond stupid that it's wrapped around, overshot smart, and plunged into stupid again.

[–] [email protected] 9 points 1 week ago

Gonna need more than eight bits soon.

[–] [email protected] 30 points 1 week ago (1 children)

The US is only 4% of the world's population. We may have more US dollars than anywhere else, but 96% of the world is still a sizable potential market.

[–] [email protected] 47 points 1 week ago (1 children)
[–] [email protected] 23 points 1 week ago (2 children)

Only for goods that the US almost exclusively sourcing from China. So quite a lot of them.

While things like textiles and simple plastics could probably be on-shored to the US in relatively short time, many more advanced products will cost a lot more.

But the tariffs seem much smaller than China deciding to stop selling refined rare earths and products from them to the US and US allies such as the EU. That is going to make the US bleed big time.

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[–] [email protected] 95 points 1 week ago (5 children)

A million bajillion percent.

[–] [email protected] 5 points 1 week ago

You beat me to it by a mile.

[–] [email protected] 19 points 1 week ago (1 children)

Infinity percent No backsies runs away

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[–] [email protected] 26 points 1 week ago* (last edited 1 week ago)

Indeed. It's at the point the exact number is irrelevant.

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