this post was submitted on 17 Apr 2025
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Summary

China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration's threats as a "meaningless tariff numbers game."

Donald Trump's move to impose tariffs "wiped trillions of dollars off Wall Street" and raised duties on foreign goods, claiming to bring back U.S. manufacturing jobs.

A White House fact sheet announced tariffs on some Chinese imports would rise to 245%.

China’s Commerce Ministry said the move "fully exposes the fact that the United States has become irrational" and vowed to see the trade war "through to the very end."

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[–] UnderpantsWeevil@lemmy.world 27 points 1 week ago (1 children)

Trade Wars Are Good And Easy To Win

~ Sun Tzu, War of the Art of the Deal

[–] ilinamorato@lemmy.world 17 points 1 week ago

They're not good, but they are easy to win...if you have all the manufacturing facilities and are okay with plunging your country into depression for the sake of absolutely no benefit whatsoever.

Wait, what's the definition of "win" again?

[–] lemmie689@lemmy.sdf.org 26 points 1 week ago
[–] Yoga@lemmy.ca 24 points 1 week ago (1 children)

There is functionally no difference between a 145% and a 245% tariff.

The cost of going through a black market rather than a clear or grey one is likely already below 145% and the grey one is likely to fill most gaps in the long run anyways.

Grey market tariff skirting might be Canadian or UK companies slapping their logos and "made in X" marker after making a tiny change to the product. The barrier to entry on this is quite low as is the risk. If your profit is capped at 145% you still have a lot of room to make money.

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[–] ilinamorato@lemmy.world 21 points 1 week ago* (last edited 1 week ago) (1 children)

So now we see whether Trump gives in or makes up bigger and bigger numbers. "900%! 1,776%! A BILLION PERCENT!"

[–] wjrii@lemmy.world 21 points 1 week ago (1 children)

If you raise the tariffs to a billion percent then the US will get a billion dollars revenue for every $100 TV that comes from China! There will be so many millions of billions!!!!!! Why wasn't anyone smart enough to do this before?!?!?

[–] aesthelete@lemmy.world 8 points 1 week ago

Kinda like the trillions we'll make from golden visas 🙄

[–] match@pawb.social 18 points 1 week ago (2 children)

Trump is an unserious president

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[–] Bbbbbbbbbbb@lemmy.world 16 points 1 week ago

I hope Trump holds long enough for the release of the next iphone

[–] notsure@fedia.io 15 points 1 week ago (2 children)

....please read project 2025, this has all been pre-planned and ready to be executed...

[–] NoneOfUrBusiness@fedia.io 8 points 1 week ago (2 children)

AFAIKk project 2025 ~~calls~~ doesn't call for tariffs; that's a Trump original.

Edit: brainfarted.

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[–] notsure@fedia.io 1 points 1 week ago

there should be NO shock here

[–] notsure@fedia.io 9 points 1 week ago (1 children)

within projecct 2025 is the alientation of all foreign trade due to "internal security"...should i quit now?

[–] Neverclear@lemmy.dbzer0.com 3 points 1 week ago

These cultists are trying to ride the 80 year old wave created by the atom bomb.

[–] experiencetheworld@feddit.org 6 points 1 week ago

China manufactures most of the products from US companies. As we also see now, Chinese companies promote the idea of buying from the manufacturer directly instead of the middle man like "Why buying the Nike shoes for 80$ if you can get them from us for 5$."

Because ♾️% > 245%

[–] DogPeePoo@lemm.ee 3 points 1 week ago

Shart of the meal 💩

[–] TriflingToad@sh.itjust.works 3 points 1 week ago (1 children)

I just realized, since "computers" are exempt, we're gonna see a lot more products with screens in it for no reason.

[–] CmdrShepard42@lemm.ee 19 points 1 week ago (2 children)

Unless things have changed in the last couple days, they announced Sunday that they were removing the exemption on computers and electronic devices that was announced last Friday.

[–] aesthelete@lemmy.world 12 points 1 week ago* (last edited 1 week ago) (1 children)

They're revoking the revocation of the revision of the exemption from last Tuesday with a "truth" posted today. Those who were responsible have sacked those not responsible.

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[–] TriflingToad@sh.itjust.works 5 points 1 week ago* (last edited 1 week ago)

oh I didn't know that, thanks for the update!

so glad to see they thought through their amazing plan before affecting people's already difficult lives 😃

[–] notsure@fedia.io 2 points 1 week ago

facetiously:are people this stupid?

reality:yep

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