237
US imposes 104% tariffs on Chinese goods effective immediately
(m.economictimes.com)
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 08 Apr 2025
237 points (100.0% liked)
World News
867 readers
417 users here now
Rules:
Be a decent person, don't post hate.
Other Great Communities:
Rules
Be excellent to each other
founded 1 year ago
MODERATORS
I highly doubt that, the rest of the world buys stuff from a China like crazy as well. They should be able to send the stuff elsewhere instead quite easily. What you're saying sounds just like something the orange idiot would say.
Gives pick me energy and it's the newest talking point and very annoying. Total exports as a percentage is 15% that china ships to the us.
A deficit doesn't make it a bad thing. It means we are more of a consumer economy to focus on higher level of jobs.
Yes, the deficit means China has the greater risk. China pushing a tariff on the little they consume from the US means nothing, just because they buy so little.
Basic economics.
Sure. But they sell a huge amount to the US. And this is about a trade deficit between US and China. This one hurt the US like it will China - US can buy similar goods elsewhere, while the rest of the world can't compensate for the loss of sales to the US - they're already purchasing what they need.
I mean this is basic economics, and you all act like China can magically come up with new customers.
The current effective tariff on Chinese goods is 104%, and that doesn't include the tariffs on countries through which China ships. Those tariffs put Xi in a no-win situation. He can't even afford the 34% Tariff for any length of time, because of the massive overproduction going on. They have manufacturing going to meet demand 6 months from now, to compensate for distribution time. All that stuff will now sit in China, where they don't have storage capacity for it.