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The White House said the higher tariff is as a result of Chinese retaliation.
Archived version: https://archive.is/20250416092702/https://www.newsweek.com/china-245-trump-tariff-2060295
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
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Next stop: trade embargo
Nah, its not over 9000 yet.
hahaha line go brrrrrrr
This is so far beyond stupid that it’s wrapped around, overshot smart, and plunged into stupid again.
Gonna need more than eight bits soon.
The US is only 4% of the world’s population. We may have more US dollars than anywhere else, but 96% of the world is still a sizable potential market.
4% of the world population with 90% of the world wealth though…
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We can only hope
I feel like I may owe the accelerationists an apology if this causes dedollarization.
According to the IMF, the US has 15% of the world PPP GDP, versus China’s 20%.
Just checked wikipedia and it says 30%.
I think they’re confusing wealth in general with dollars specifically.
I guess foreign oligarchs skew the calculation to other areas maybe? I wonder what the distribution is with a max cut off of 100 million dollars
Remove the oligarchs from that calculation.
I shouldn’t be laughing but…
It’s fun to watch just how incredibly fucked America is becoming on the global scale.
It’s being led down a path of isolation by a Nazi syphilis infected rapist who acts like a toddler at nap time throwing a temper tantrum because he wasn’t able to get the juice box he wanted.
It fucks lots of people around the globe. I don’t see any fun this.
the US going down is objectively a good thing for most of the people on the world.
“fun” like the pejorative “fun”, right?
It’s just such an asinine way to go down.
China should just one up him in a way that doesn’t let him one up them: complete embargo
“Oh yeah? Complete embargo PLUS ONE!!”
245% embargo. If you dare try to export things to the US, you’re getting 245% of it back.
The bad part being that the stuff over 100% will be poorly-made American knockoffs.
A million bajillion percent.
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You beat me to it by a mile.
Infinity percent No backsies runs away
Me first! Smoke bomb!
Muwahahaha!!
Indeed. It’s at the point where the exact number is irrelevant.
All of those numbers mean absolutely nothing. As soon as the price is higher than shipping it through Singapore it’s useless.
Title should be “Americans face 245% Trump tariff on China”
Welp when the debt defaults and everyone stops using American dollars or hold their gold here, then better hope we don’t all become forced to use crypto like El Salvador (which is probably the blueprint plan).
Maybe it is the plan…
This headline is bullshit. The correct headline would be “Americans now face 245% Trump tariff on Chinese goods”. No need to spread misinformation about how tariffs work.
wtf they beat the Turkish car tariffs
it was the highest in the world, used to be, before trump
Doesn’t matter whether it’s a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.
It was 145% last, before the current rate, for those curious. It only further cements your point, it no longer has real impact, importing from China is just as dead.
These numbers are absolutely wild. Has anyone made a site for tracking this madness?
Many, it’s all over the news. It seemingly changes based on emotion though, we thought it was 125% but it was really 145%.
I’ve seen a bunch of articles, each with just the latest number and a date. In order to make a nice graph out of all of them, I would need to set up some sort of webscraping project to pool the numbers together. I’ve also seen a bunch of articles that have other types of graphs and tables that don’t really answer my question. The data is out there, but it’s scattered all over the place.
Don’t know of any, sorry!
It does make a difference. Let’s say a thing you need about once a month to run your business was 10 dollars from China. You can get a similar product in the US, but it’s 30 dollars. At 80%, it’s still cheaper to get from China, 18 bucks. At 245%, it’s now 24.50 to buy from China. Still cheaper than buying from the US, but now way more expensive.
I know these are made up numbers, but it isn’t that unusual for US made items to be 3-10x the price of making it in ‘cheap labor’ countries. Also, this assumes there is a comparative replacement made in the US. But many machine parts have no analog or are proprietary, you must buy it from China or end that part of your business.
Your point is fairly good but you need to recheck your math. At 145% a $10 product will be $24.50. At 245% it’s gonna be $34.50. And that doesn’t even take into account additional federal, state, and local taxes.
