US President Donald Trump has threatened China with a 104 per cent tariff, if Beijing doesn’t drop its 34 per cent tariff on US goods.
President Trump announced the plan on social media, as stock markets across the world continued to plummet.
What’s next?
Beijing has not yet commented on the president’s threat.
Says the guy who buys everything from China
Everything we use and consume in North America basically comes from China and Asia … they don’t care because they have a billion customer userbase over there while its just over half a billion in the US
This is all like pissing off your drug dealer and threatening them for raising the price of crack after you started selling the stuff yourself for a higher price when you didn’t have to.
But US industries will surely appear by magic, immediately and without any prior planning, to fill the gaps. All the government needs to do is make it incredibly painful for anyone to do business with anyone.
Everyone knows he’s gone in 4 years and so making a massive investment that completely depends on Trump’s tariffs being in place would be economic suicide.
So we get all of the short term market shock without any of the growth. Another masterful move by our orange in chief.
If he’s still alive then, he’ll try clinging on, like an unflushable turd.
But nobody knows the number of their allotted days.
Ronnie Jackson, his first term doctor, said Trump had great genes and could live to 200.
❌ incentivizing us industry ✅ impoverishing us citizens
Even if that did happen, the next step is keeping the prices of goods made in the US cost competitive. Wages in the US are far higher, so everything would STILL cost more.
in fact, it is americans that buy cheap china goods and mark them up in price substantially, rebrand to sell to Americans, they lose their profits now. which will be taken by US government instead through tariffs tax.
Exactly every single small business depends on cheap Chinese goods to keep going day-to-day
(US has 340M people btw)
Idk if you’ve taken econ 101, but losing 500,000,000 customers is usually something you feel.
China is in Asia