this post was submitted on 16 Apr 2025
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Global News

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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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[–] moshankey@lemmy.world 95 points 2 months ago (5 children)

A million bajillion percent.

[–] BrikoX@lemmy.zip 26 points 2 months ago* (last edited 2 months ago)

Indeed. It's at the point the exact number is irrelevant.

[–] casmael@lemm.ee 19 points 2 months ago (1 children)

Infinity percent No backsies runs away

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[–] SpikesOtherDog@ani.social 5 points 2 months ago

You beat me to it by a mile.

[–] wirebeads@lemmy.ca 68 points 2 months ago (3 children)

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.

[–] JohnnyCanuck@lemmy.ca 15 points 2 months ago

"fun" like the pejorative "fun", right?

[–] Samskara@sh.itjust.works 6 points 2 months ago (2 children)

It fucks lots of people around the globe. I don’t see any fun this.

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[–] expatriado@lemmy.world 48 points 2 months ago (1 children)
[–] Saleh@feddit.org 24 points 2 months ago (2 children)

Only for goods that the US almost exclusively sourcing from China. So quite a lot of them.

While things like textiles and simple plastics could probably be on-shored to the US in relatively short time, many more advanced products will cost a lot more.

But the tariffs seem much smaller than China deciding to stop selling refined rare earths and products from them to the US and US allies such as the EU. That is going to make the US bleed big time.

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[–] Cowbee@lemmy.ml 44 points 2 months ago (1 children)

Will probably see further movements from the PRC to sell off US treasury bonds and shifting more away from the dollar in general, along with tighter export restrictions on rare Earth. China already said they won't keep increasing tariffs, but they seem dedicated to not backing down, and they have the Material means to actually resist US trade aggression.

What would be incredibly based is if the PRC starts paying off loans in Africa with its dollars, decoupling the Global South from the US even further. Gets rid of dollars and debt in the Global South, potentially freeing up new customers for goods produced in China and strengthening ties.

[–] stink@lemmygrad.ml 14 points 2 months ago (2 children)

I think they'll most likely give out loans in USD and get repayment in Yuan. Eventually becoming the globally traded currency

[–] Cowbee@lemmy.ml 12 points 2 months ago

Would be another strategy for sure.

[–] huf@hexbear.net 32 points 2 months ago (1 children)

He found a bigger number somewhere?

[–] Lemmygradwontallowme@hexbear.net 21 points 2 months ago (1 children)

He'll find another. I bet 420%

[–] huf@hexbear.net 17 points 2 months ago

nah, elon's holding that one with a death grip

[–] graycube@lemmy.world 31 points 2 months ago (9 children)

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.

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[–] ironhydroxide@sh.itjust.works 28 points 2 months ago

Title should be "Americans face 245% Trump tariff on China"

[–] Sir_Kevin@lemmy.dbzer0.com 22 points 2 months ago
[–] Etterra@discuss.online 20 points 2 months ago (1 children)

This is so far beyond stupid that it's wrapped around, overshot smart, and plunged into stupid again.

[–] BagOfHeavyStones@lemm.ee 9 points 2 months ago

Gonna need more than eight bits soon.

[–] PalmTreeIsBestTree@lemmy.world 18 points 2 months ago (1 children)

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).

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[–] kubica@fedia.io 17 points 2 months ago

I shouldn't be laughing but...

[–] millie@beehaw.org 16 points 2 months ago

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.

[–] Hestia@hexbear.net 15 points 2 months ago* (last edited 2 months ago) (1 children)

China should just one up him in a way that doesn't let him one up them: complete embargo

[–] samus12345@lemm.ee 9 points 2 months ago (1 children)

"Oh yeah? Complete embargo PLUS ONE!!"

[–] happybadger@hexbear.net 6 points 2 months ago (1 children)

245% embargo. If you dare try to export things to the US, you're getting 245% of it back.

[–] samus12345@lemm.ee 4 points 2 months ago

The bad part being that the stuff over 100% will be poorly-made American knockoffs.

[–] TranquilTurbulence@lemmy.zip 15 points 2 months ago (2 children)
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[–] Karyoplasma@discuss.tchncs.de 13 points 2 months ago (2 children)

Doesn't matter whether it's a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.

[–] Frozengyro@lemmy.world 11 points 2 months ago* (last edited 2 months ago) (1 children)

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.

[–] buddascrayon@lemmy.world 5 points 2 months ago (1 children)

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.

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[–] Cowbee@lemmy.ml 9 points 2 months ago (1 children)

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.

[–] TranquilTurbulence@lemmy.zip 6 points 2 months ago (1 children)

These numbers are absolutely wild. Has anyone made a site for tracking this madness?

[–] Cowbee@lemmy.ml 7 points 2 months ago (2 children)

Many, it's all over the news. It seemingly changes based on emotion though, we thought it was 125% but it was really 145%.

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[–] nuko147@lemm.ee 11 points 2 months ago* (last edited 2 months ago)

A post 6 hours old. I give a 50% chance, that the number is outdated.

[–] ieatpwns@lemmy.world 10 points 2 months ago (1 children)

You think they laugh at him? They probably laugh at him

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[–] peoplebeproblems@midwest.social 6 points 2 months ago

hahaha line go brrrrrrr

[–] OmegaLemmy@discuss.online 6 points 2 months ago (1 children)

wtf they beat the Turkish car tariffs

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[–] olafurp@lemmy.world 4 points 2 months ago

All of those numbers mean absolutely nothing. As soon as the price is higher than shipping it through Singapore it's useless.

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