President Trump's tariff increase on imports from China would basically end most trade between that country and the U.S., according to economist Erica York.

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%.

  • sj_zero@lotide.fbxl.net
    16·
    4 days ago

    Oh no now we will need to find another country to not have environmental regulations or labor law whatever will we do

    • surewhynotlem@lemmy.world
      4·
      4 days ago

      Said country also has to have a huge number of factories and a bunch of natural resources.

      whatever will we do

      suffer, mostly.