• China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
  • The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
  • U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://archive.ph/ZmcZJ

  • udc@lemmy.world
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    13 hours ago

    If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?

    • WanderingThoughts@europe.pub
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      30 minutes ago

      The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.

    • CheeseNoodle@lemmy.world
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      55 minutes ago

      So a tariff is like punching the other guy but also punching yourself, only the US is doing that to a lot of people so all the other countries get hit a few times sure but the US is beating itself black and blue.

    • Echo Dot@feddit.uk
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      1 hour ago

      The United States descends to the level of economic relevance as South Africa and the rest of the world continues as usual.

      Trade tariffs can work if they are used as a scalpel, If they are applied very precisely and explicitly they kind of achieve the desired effect. Trump is just wielding them around like a mallet and is repeatedly hitting himself in the groin while everyone stands at a safe distance away and watches with mild amusement.

    • finitebanjo@lemmy.world
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      10 hours ago

      Imagine everything currently produced on earth loses about a third of its efficiency/affordability and a large chunk of everything has shortages/unavailability for the next 30 years.

      Now imagine with the loss of trade relationships diplomacy slowly returns to that of the dark ages and a new era of war begins.

      Things we take for advantage are peace and prosperity.

    • UnderpantsWeevil@lemmy.world
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      12 hours ago

      Look at Cuba. Now look at the US. Now look at Cuba again.

      Okay, now image Cuba but without the public health care, housing, jobs programs, and mass transit.

  • Wilco@lemm.ee
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    15 hours ago

    Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.

    • some_designer_dude@lemmy.world
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      10 hours ago

      They could drop all tariffs tonight, but the inertia of new trade deals being made to circumvent the US is pretty strong. It will keep strengthening while the US rots on the vine because they’ve been geopolitically exiled for having revealed themselves to be governmentally retarded.

      • Valmond@lemmy.world
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        1 hour ago

        Especially in everything related to security, like army, navy, space. If we can’t trust the USA when we need to use the weapons we bought, what’s the use buying them in the first place.

        This is really shooting thyself in the foot, you can’t just walk back from that disaster.

    • madcaesar@lemmy.world
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      13 hours ago

      60 years ago there was no fox news and social media. These morons will forget in 2 months let alone 2 or 4 years.

      The American electorate dumber than a bag of rocks

      • CanadaPlus@lemmy.sdf.org
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        13 hours ago

        Talk to really old people sometime, we haven’t gotten dumber. Maybe more tolerant of dumbness.

  • suoko@feddit.it
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    14 hours ago

    Who’s gonna benefit from all this extra taxes? Public services will sky rocket in 2025!

  • Buffalox@lemmy.world
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    21 hours ago

    With USA committing political and economic suicide, the road is now clear for China to become the world dominating power.
    I just hope they will take a graceful approach to their role, when nobody is in a position to oppose them.

    • jumjummy@lemmy.world
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      15 hours ago

      Not a chance. China’s massive xenophobic approach to anyone non-Han Chinese will severely limit their potential.

      Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.

      • ERROR: Earth.exe has crashed@lemmy.dbzer0.com
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        8 hours ago

        Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.

        Only applies to “Liberal” cities. A conservative town in the US could potentially be worse than a Tier 1 City in China.

        • ERROR: Earth.exe has crashed@lemmy.dbzer0.com
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          8 hours ago

          Depends…

          I would say: Blue Jurisdiction in the US > Tier 1 City in China (Beijing, Guangzhou, Shenzhen, Shanghai) > Red Jurisdiction in the US.

          But then you also have to factor in the reach of the government. You can’t criticize the Central Government of China, likewise, nowadays, you cannot criticize the Federal Government of the US. (Also, don’t have tattoos, authoritarians hate it)

    • ms.lane@lemmy.world
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      21 hours ago

      Xi got China to #1 world superpower 24 years early!

      Without a war.

      Congratulations China.

    • Joncash2@lemmy.ml
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      21 hours ago

      Good news, or bad news depending on how self reliant your government is. China is doing exactly what it promised it would do if they were the sole super power. Which is we will not militarily interfere with your nation no matter the situation.

      So if your like Thailand, or Brazil, wonderful. You get to keep all your freedom and autonomy and China will happily trade with you.

      If your Myanmar or Sudan, well good luck revolutionaries. There’s no America to stand in your way of overtaking your government. If your the governments of these nations…

        • Joncash2@lemmy.ml
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          20 hours ago

          This again? Taiwan isn’t a recognized country. So they would not be interfering with a nation. IF you disagree with that, petition your own country to recognize Taiwan. The funniest thing is I’m Taiwanese and frankly the Taiwanese don’t want independence at this point. That’s why the Taiwanese congress is majority status quo and about 50/50 on independence and actually returning to China. The reason president Lai won is because the split is so strong that a 40% vote for Lai got him the win. A few more from the people who wanted status quo voted for him instead of Hou at 34%. Yet if you saw what congress did immediately after, which is handcuff him from ever declaring independence, you’ll know the will of the Taiwanese.

          So all that is to say, no China won’t be attacking Taiwan either. That’s just nonsense noise from the west, which frankly I as a Taiwanese person is absolutely sick of. The agreement is simple, Taiwan doesn’t declare independence and China will at most saber rattle.

          *Edit: Oh and what’s not reported is that right after Congress did that, China started a charm offensive. Inviting the former head of the KMT to China and undoing travel restrictions for Taiwanese citizens. So yeah, the war is only in your head, not ours.

          Edit 2:. Loving. The down votes for a Taiwanese person explaining to a westerner what our actual opinions are. Why don’t you all westsplain to me how I should feel.

          • jordanlund@lemmy.worldM
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            15 hours ago

            Reported as propaganda, but here’s the thing… Technically correct is the best kind of correct, right?

            Only 12 agencies recognize Taiwan as an independent state. TWELVE. A short enough list that I can copy/paste it:

            Belize, Guatemala, Haiti, Holy See (Vatican), Marshall Islands, Palau, Paraguay, St Lucia, St Kitts and Nevis, St Vincent and the Grenadines, Eswatini and Tuvalu.

            That’s it. Even the US doesn’t explicitly recognize an independent Taiwan. The UN rejected membership in 2007.

            https://www.prospectmagazine.co.uk/world/united-nations/68163/how-taiwan-lost-its-place-at-the-un

              • jordanlund@lemmy.worldM
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                15 hours ago

                Origjnal comment was reported, probably for the whole “Taiwan isn’t a recognized country”. As noted, that’s largely a true statement.

                • Joncash2@lemmy.ml
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                  15 hours ago

                  Oh I see what you’re saying now. Yes, I am saying if you’re going to argue against my China doesn’t militarily support actions by other countries against sovereign nations, then you can’t use Taiwan as an example to counter my point as other countries do not recognize Taiwan.

            • Joncash2@lemmy.ml
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              20 hours ago

              Still what? I’ve already explained China isn’t attacking. And if you would like Taiwan to be independent petition your own government.

              • Ms. ArmoredThirteen@lemmy.zip
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                17 hours ago

                That’s a bad take. Independence should be in the view of the people living there. I’m not going to gauge if Taiwan is a country based on if I can convince the US to recognize them, that’s nonsense garbage logic

                • Joncash2@lemmy.ml
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                  15 hours ago

                  Is it? So you’re for the independence of Barcelona? Hawaii? Ireland? Falken Islands? When do they get to choose?

          • sudneo@lemm.ee
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            14 hours ago

            Edit 2:. Loving. The down votes for a Taiwanese person explaining to a westerner what our actual opinions are. Why don’t you all westsplain to me how I should feel.

            This is exactly what happens on every .ml or hexbear discussion when someone mentions Ukraine, BTW.

          • Rolder@reddthat.com
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            17 hours ago

            Your comment history certainly doesn’t paint you as a Taiwanese individual. More as an American who is desperate to make China look as good as possible…

            • Joncash2@lemmy.ml
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              15 hours ago

              To be honest I’ve been waiting for someone to try to call me out on this. Here’s my passport

                • Joncash2@lemmy.ml
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                  12 hours ago

                  You know, I’m confused what people are disagreeing with. I’ve only stated facts.

                  Sudan and Myanmar are completely under China’s sphere of influence. They are both in the middle of a civil war. China has done nothing and supplied both sides.

                  Taiwan has consistently stated they want the status quo. Congress is heavily in favor of that. So much so they made a law to handcuff the president from declaring.

                  China has repeatedly stated they believe Taiwan will aquiesce peacefully and will only invade if Taiwan unilaterally declares independence.

                  Thus, in a situation where China is the sole hegemony, China knows they are right about Taiwan and will simply wait out Taiwan. If the world is under Chinese sphere of influence we’ll see a massive uptick in civil wars.

        • Sciaphobia@lemm.ee
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          19 hours ago

          The one thing I liked about Connect better than Voyager. The instance blocking on Connect worked. A whole lot didn’t, but that did.

          • samus12345@lemm.ee
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            18 hours ago

            I don’t think user comments are typically blocked, just communities. Which is fine with me, I don’t have a problem with every single user on instances I have blocked.

            • Sciaphobia@lemm.ee
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              13 hours ago

              In Connect it would auto hide posts made by someone in a blocked community. They’d all be there, but you’d have to elect to have it shown to see it.

      • Buffalox@lemmy.world
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        17 hours ago

        If they keep that promise, that’s mostly good news IMO. Interference doesn’t always go so well.
        I think Afghanistan is a good example, we were there for 20 years, trying to establish democracy. And now they are right back where they were 20 years ago.
        We can’t keep policing such countries indefinitely. This is a link of our (Denmark) losses, as a small country that helped the UN effort.
        https://da.wikipedia.org/wiki/Danske_tab_i_Afghanistan_siden_2002

        It’s horrible how they treat their own population, but we can’t control the entire Muslim world. And all Muslim dominated countries are horrible AFAIK. So I’m good with staying out, as long as they don’t create trouble here. Problem is that they do, sometimes for stupid religious reasons.

  • Tygr@lemmy.world
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    6 hours ago

    They tariffed US. US finally responds. Now China wants to tariff that, ok. All I can say, Walmart is screwed if they don’t switch back to US first.

    • NotJohnSmith@feddit.uk
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      5 hours ago

      I can’t find details of what China’s existing tariffs on the US were? I’m not saying I don’t belief you, I’m interested in what they were - any chance you could link me to the details please?

    • chaosCruiser@futurology.today
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      20 hours ago

      Now that USA will spiral down to deep depression, it’s going to be much easier to get the people behind whatever plan comes next.

      So, how about you build a new empire, invade neighboring countries, commit war crimes left and right, and start exterminating people who don’t fit your arbitrary criteria. Germany tried that and it everything worked out perfectly.

      Oh, wait…

      Well anyway. I’m out of ideas.

  • puppinstuff@lemmy.ca
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    20 hours ago

    So now the US will have to watch out for Switch 2s and iPhone 17s beings smuggled in at the Canadian border along with the eggs.