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US Administration announces 34% tariffs on China, 20% on EU

bbc.com

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Re: US Administration announces 34% tariffs on China, 20% on EU

#11
post #2

25% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam What a massive and moronic blow to our soft power.

America's leading supply chains just went up in smoke. The fallout is going to be pretty funny from an international POV, methinks.

Re: US Administration announces 34% tariffs on China, 20% on EU

#15
Trump really thinks America is in the 1950's. He thinks people want to work at factories doing manual labor. He doesn't understand that we DON'T want to work at factories. Americans like our plush corporate office jobs building intellectual property. We aren't oxen doing physical labor.

And we designed it that way. We pay thousands of dollars to each citizen in our public schools to teach them calculus, literature, world history, and science, so that they DON'T work at factories doing manual labor like we were oxen. We're supposed to be doing more valuable jobs in intellectual property and services.

It's going to be hard lesson to be learned by Trump and his working class supporters when the inflation hits them because our economy doesn't have any workers that want to work at factories, but it'll have to be a lesson they learn the hard way.

The correct economy is to let people do labor they're best at. If a foreigner can make a shirt cheaper than an American can, LET THEM. Our economy is already taken by the people that design the shirts.

Re: US Administration announces 34% tariffs on China, 20% on EU

#17

Matches the expectation analysts have had from December 2024 [0] "In the baseline scenario, we assume that the US will raise its effective WATR against Chinese goods by a total of 20 percentage points over 2025-27. We expect the effective tariff rate on China to rise by 5-10 percentage points in 2025, owing to the imposition of tariffs related to fentanyl smuggling disputes. Mr Trump will further phase in tariffs fro…

For China maybe, I doubt any serious analysts were expecting this high of tariffs on most other countries, like Mexico, the UK, and Canada.

The methodology of counting non-price barriers on certain goods then applying it across the board on all goods as tariffs is bonkers. Doubtlessly they aren’t including all the non-price tariffs the US imposes on other countries either.

I’m extremely skeptical the EU has effective tariff rates of 40% on all US goods, and furthermore skeptical that if so the US doesn’t have countervailing effective tariff rates at the same rate.

Re: US Administration announces 34% tariffs on China, 20% on EU

#18
post #2

25% on South Korea, 32% on Taiwan, 36% on Thailand, 46% on Vietnam What a massive and moronic blow to our soft power.

Effective total tariffs on China will be 54% effective 9 April. No way US does not go into recession...

And wait for the response from the trading partners...

Re: US Administration announces 34% tariffs on China, 20% on EU

#19
post #10

Just leaving this here from 2023... "In America, estimates say that Chinese suppliers make up 70-80 percent of Walmart’s merchandise" - https://retailwire.com/discussion/walmarts-open-call-continu...

Walmart has been trying to strong arm China into eating the cost of tariffs.

https://www.bloomberg.com/news/articles/2025-04-02/walmart-k... | https://archive.today/Q5CNc

Re: US Administration announces 34% tariffs on China, 20% on EU

#20
post #15

Trump really thinks America is in the 1950's. He thinks people want to work at factories doing manual labor. He doesn't understand that we DON'T want to work at factories. Americans like our plush corporate office jobs building intellectual property. We aren't oxen doing physical labor. And we designed it that way. We pay thousands of dollars to each citizen in our public schools to teach them calculus, literature, w…

> It's going to be hard lesson to be learned by Trump and his working class supporters

They won’t learn any lessons.

The impacts will be felt years from now, when the Democrat are in power, and… you know the rest.

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