China just hit back with 34% tariff on all US goods, rip american agriculture

This post was edited by Arctis on Apr 4 2025 05:08am

Garbage products

I personally disagree with tariffs, but here are 2 things to consider:

The US grew to become the largest economic power in the world long before it instituted the income tax to fund the government (it was predominantly tariffs).

The use of tariffs has brought intransigent foreign governments to the table to address serious problems the US has with their policies towards us.



Should be fun watching the ChiComs explain a 34% food price increase to their public.

US grains are replaceable, Chinese made electronics aren't yet

China’s economy is built on production and high level of churn of their products to consumer markets. No one can fill the demand void the US would create.

Having your factories go idle is a way bigger risk vs paying 100 bucks more for a TV

This is a half truth. China has a monopoly on the key ingredient for chip fabrication, silicone. The innovation in electronics design that underpin modern electronics were largely pioneered in the USA. AFAIK, US is still one of the only places that manufactured radiation resistant electronics too. Was a good story about companies selling them through back channels to Russians bypassing sanctions.

Will be happy to see those plastic geared garbage products off the shelf and out of our land fills. Or those fire hazard power supplies

This post was edited by RedFromWinter on Apr 4 2025 07:02am

I have to support Santara on this one. China is much more vulnerable that it seems on the outside. They're completely export oriented and the people over there surrender almost all reponsibility to the government with the government holding most of the accountability. As soon as prices rise and jobs are lost, Xi is going to be in very hot waters.
Their economy has already been suffering due to the sanctions induced by the Russo-Ukrainian war. People in the US and EU market have very much reduced buying power because of the inflation. China sells much less.

In the long run, yes. But that's small solace to the importers with signed delivery contracts.

This is just going to be a free thumbs up to every company to just increase prices and they won't fall back to normal and stay above normal inflationary amounts.

The bluster is short term, the effects likely long term. Most will use it as an opportunity , impacted or not, and don't say competition will stop this, because it has not in the past, domestic built used the same opportunity to increase price.

After all this inflation this is just unfortunate.

Cant edit my post above, did you guys look at the math, his chart making up random numbers saying its the aggregate of tariffs, "trade barriers" and "currency" and other unfair advantages, whatever that is, then the math is just US trade deficit with X country / total us imports with that country X 100% = Tariffs charged to the USA.

Rofl, they are all calculated the same way with some basic division of 2 numbers and declared that its the terrif that country is charging. That's embarrassing man, don't care your political alignment, if you're not just sitting on your sofa with a bag of chips you know that's ludacris.

This post was edited by SBD on Apr 4 2025 08:09am