Those maga hats and trump flags are going to cost a fortune.
I doubt many people in China are going to re-import MAGA hats from the US.
Maybe China should put some export duties on that crap
Especially since he’ll probably want an exception for his junk.
125% for everything with the exception of trump branded bullshit, honestly I’m kind of surprised it’s not already in the fine print.
With +154% USA’s tariffs → on 1st degree a $10.00 flags+hats package is now $25.40 … But on 2nd degree, the hat’s crowd will cost much more to the decaying USA.
It will be the end of corporate swag at conferences.
Good thing I wouldn’t even buy one to burn
“Even if the U.S. continues to impose higher tariffs, it will no longer make economic sense and will become a joke in the history of world economy,” the ministry said in a statement,
Very concisely put. We’re at that point. Trade is effectively shut down at this point between the two. My limited understanding is that on the US side this will hit farmers the hardest.
Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.
Guess we’re going to see a flood of cheap Chinese stuff in every other market in the world too soon.
And people in those markets are set to make billions by importing cheep Chinese goods, placing them in packaging made in their country, and exporting to the US with a markup.
I already know it happens because I’ve done it at a factory here in the United States.
I worked for a plastic injection molding company and we would import cheap Chinese metal tools and parts, for example a garden hose sprayer, then injection mold a plastic handle around it that covered the “made in China” stamp and repackage it in boxes that said “proudly made in the USA”
This was all good and legal because the plastic handle and packaging were indeed made in the USA and our company didn’t consider them finished products without the handles.Creatively dodging tariffs is nothing new - the Subaru BRAT famously has rear seats to get around the chicken tax, which is (among other things) a 25% tariff on imported trucks.
And just like last time Trump will give them money to not talk about it.
I’m sure that the Trump administration won’t report correct inflation data, but that will be a wild ride for Americans
At some point it might as well be 1 billion percent.
RTFA. Your comment is what China said. At this level trade basically stops. That’s the point.
indeed … at the point where trade essentially stops, the exact tariff percentage becomes irrelevant.
in about 6h and 20 minutes from now since Beijing is in UTC +8.00
Chinese internal consumption grew since the first Trump republican admin. This will drive their local industries even further and grow the significance of relationships with its neighbors. Then here in the US, we’ll spend less, have worse trade relations with neighbors and overseas countries, a good portion of us will have less interest in domestic made goods.
The US stupidly skipped to the end of a trade war plan. Didn’t shore up domestic manufacturing beforehand. Didn’t gather agreement with alliance countries to wage war together with. Didn’t shore up support from the population to shoulder higher prices. No good will built. Just 3 months of immediate attacking everyone and be surprised that now domestically everyone’s panicking too because no one prepared for this
