Summary
Economist Erica York warned that Trump’s 145% cumulative tariff rate on Chinese imports effectively ends most U.S.-China trade.
The increase includes a recent jump from 84% to 125%, plus a 20% fentanyl-related duty.
Despite a 90-day pause on most other tariffs, York said the U.S. remains on its most protectionist path since the 1940s.
In response, China hiked its retaliatory tariffs on U.S. goods to 84%.
Question: are the Chinese goods still cheaper than their US equivalents, in spite of the 145% tariffs? If so, what does china care? It’s only the us consumer that will pay the price.
That’s why they care. China sells the US a lot of things and cutting off your biggest consumer isn’t good for your economy. China understands this and is now starting to dump their US debt via bonds so they’re not tied to US based securities. China will find another trading partner because Trumps a fucking moron and the other countries he’s isolating need someone to fill their trading gap.
China is doing a lot of things that are bad for a free world. They are not the friend of anyone who likes freedom or democracy. The world should isolate them for their better. However overall freetrade is good for everyone though and what Trump is doing to Canada, EU, Mexico … is stupid.
Yeah, but evil and reliable beats evil and stark-raving mad.
Raising prices will still affect the demand curve. Fewer people can afford the goods, so fewer people will buy the goods, which means less money overall.
Look at this fuckwit.
Goddamn, republiQans. What the hell is wrong with you.
Oh no now we will need to find another country to not have environmental regulations or labor law whatever will we do
Said country also has to have a huge number of factories and a bunch of natural resources.
whatever will we do
suffer, mostly.
