Goods imported from China now face a 54% tariff rate — and possibly higher
Goods imported from China now face a 54% tariff rate — and possibly higher
China, one of the largest U.S. trading partners, faces fresh duties of 34% on top of existing 20% rates.
Where will they get new MAGA hats?
I'm so glad I got my second ebike battery before the idiot did this shit. RIP the economy, the job market, and the housing market.
So like...everything?
Trump had put massive tariffs on counties that export fabrics, textiles, clothes etc to USA.
How many Americans are considering to be nudist?
didn't Texas technically ban cloths in schools since they don't grow on a human naturally in the process of trying to ban cat eared headbands?
Clothes are a social construct!
Nudism!? That is anti christian! Devils temptations! Something something. /s
I am a never-nude and this is literally going to destroy me.
You mean like, earning money on onlyfans so they can afford to buy food?
...Sure
We probably can't even afford trump "I did that!" stickers anymore because the print media probably come from China.
I'm sure China would send us those for free.
Here lies the American economy. July 4th 1776- April 2nd 2025.
Crazy to think that US is only 248 years old. You had a good run.
There's a town near me called "new town" that's older than that.
To be fair, this isn't quite the worst thing the US has done in those 248 years.
Its shocking we made it this long frankly
You guys seen the entire list?
This is the king demanding tribute from ALL his vassals.
Won't it be the Americans paying for the higher priced goods?
Yes it is, but because Americans will be broke and unable to buy things, it will hurt suppliers and their host countries too. As in "we're not gonna buy your stuff until you do what we want".
The situation for Australia is just plain nutty. Trump wants us to start importing American beef, and undo our federal pharmaceutical procurement thing, or endure a 10% tariff.
The thing is we don't export much to the US and there are other markets for our products. Also, we are pretty happy not having a US style health system thanks.
Did you think the comment meant someone else?
"Yo, boss. I need a 54% raise to keep up with inflation. Pronto!"
Hahaha almost kept a straight face. I crack myself up.
you think companies will just use a flat amount to cover the 'tariff'? fat chance. this is america, they're gonna keep their percent-based margins, probably add to them, besides, to offset lower sales volumes.. and those profit margins get added at every link in the distribution chain. retail prices will be closer to double than 'only' 54% more.
9/10 of stuff in my house is probably made in China. What are we even doing.
What are we even doing.
Taxing the poor to give to the rich.
Fair.
To be honest: nothing dramatic will happen. You'll just start buying less useless "stuff". Start paying more attention to quality, because you can't afford to replace broken useful stuff.
The era of excessive consumerism is over. It is more good than bad, actually.
Only if you like being poor.