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147

Trump imposes new additional 100% tariff on China, starting November 1 (hexbear.net)

submitted 3 weeks ago* (last edited 3 weeks ago) by dead@hexbear.net to c/news@hexbear.net

49 comments fedilink hide all child comments

https://archive.is/QefOs

https://www.cnbc.com/2025/10/10/trump-trade-tariffs-china-software.html

He teased this announcement earlier in the day and the stock markets dropped by around 3%. Trump waited until the markets closed to make the full announcement. He also made the announcement on a Friday, the markets won't reopen until Monday.

https://www.pbs.org/newshour/economy/wall-street-tumbles-in-its-worst-day-since-april-after-trump-threatens-more-tariffs-on-china

https://archive.is/XTpef

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[–] dead@hexbear.net 42 points 3 weeks ago (1 children)

The funny thing about his initial post is that he says China is trying to control the world's economy by sending them letters to impose trade restrictions, which is the exact thing that he did. Trump's quote below

We're going to start sending letters out to various countries starting tomorrow. We'll probably have 10 or 12 go out tomorrow. And over the next few days, I think by the 9th, they'll be fully covered. and they'll range in value from maybe 60 or 70% tariffs to uh 10 and 20% tariffs. Uh but they're going to be starting to go out sometime tomorrow. We've done the final form and it's basically going to explain what the countries are going to be paying in tariffs and it's uh very important. It's a lot of money for the country, but we're giving them a bargain because if I went by the true deficits or by other uh ways of measuring, it could be a lot more. We I we don't want to I don't want to stretch it too much. We want to keep it pretty reasonable and I think it's actually I think it's very reasonable.

We're going to be sending to Well, you're going to see tomorrow. I'd rather give it tomorrow, but we have probably 12, 10 to 12 tomorrow. And then after that, we'll be sending 10 or 12 a day. And as we get along, as we get to the smaller countries, uh, we're pretty much going to keep the tariffs the same.

https://www.youtube.com/watch?v=jUW0gXTfrJA

[–] HexReplyBot@hexbear.net 1 points 3 weeks ago

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy: