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.”

  • riodoro1@lemmy.world
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    5 months ago

    What are americans going to do? Stop buying Chinese crap?

    Once amazon warehouses are empty the tariffs are gonna be „paused”. In trumps own words „he has no cards”.

    • Jimmycakes@lemmy.world
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      5 months ago

      No we are just gonna keep buying the cheap crap at the new tariff price because we have no financial literacy in this country and easy access to credit.

  • RangerJosey@lemmy.ml
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    5 months ago

    Lmao. Could be 2400% and it still wouldn’t matter. China already has the pipelines to circumvent all retaliatory measures including Chumps tariffs.

    Remember how China exposed all the luxury brands? It’s that. Send the products to Vietnam or Brazil or somewhere. Get a domestic label sewn on and bingo.

    Xi is playing chess. Chump is playing with his own feces.