Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
Just don’t trade with USA, problem solved. Figure out other trading partners and let them cry about it.
That’s what China is doing on the one hand. On the other, it’s got a gun to our head on rare earth metals. Good job Trumpo. These deals are not likely to come back to us, but we are going to have to capitulate to them because we have no other sources.
If only there was a trader partner rich on rare earth metals, right beside the usa… And if only USA hadn’t burnt their relation…
I don’t think I want my country dug up and polluted so the world’s greatest war monger can build better baby-seeking missiles or hospital-buster drones. Fuck em.
This is why he does that 51st state bullshit
How many fucking times os this fucking guy gonna try to destroy the economy in a single year?
I still think it could be a strategy for midterms.
Best way to win midterms is to have the economy improve, for prices to go down.
Best way to improve the economy is to first break it in obvious ways you know roughly how to undo.
Come January, I expect TACO to go into full effect, announcing a hiatus on tariffs and in the subsequent months they’ll actually be able to show prices going down year to year. A comparative flood of cheap and available goods. They’ll claim the upswing as proof that 2025 was just the residual ‘Biden economy’.
And it’ll work. People relieved at the good fortune will happily vote for the people that exacerbated the mess in the first place. Anyone pointing this out will be branded as a sore loser democrat that refuses to recognize Trump’s economic leadership.
Unless they decide not to ‘waste it’ on midterms and save up for 2028 instead. But I’d guess midterms to keep GOP power strong while they have more time to implement whatever other measures might make it matter less about having to actually win over voters.
Just assume infinity as everything he does works towards ruining the economy.
Dude has dementia and can’t remember what he did last week.
China has a 100 year plan … Trump doesn’t have a plan for the next 100 minutes
I’m sure my retirement account dropping drastically overnight is 100% coincidence
Everyone buy stocks for the Chinese companies that tanked. Guaranteed these tariffs will go away by Tuesday and he’s just manipulating the markets again
Did it ever go away? I’ve been hearing about tarrifs ever since the orange retard started blubbering about it
Just delayed
War? It’s just a bunch of legislators afraid of the dumbshit man child tantruming in DC.
No, they’re all making money on it. They buy now. When he announces that he’s relaxed the tariffs, because of some made up reason that doesn’t exist, they’ll all sell. It’s disgusting.
Treasonous bullshit
🤡
Americans having trouble with basic math per usual. 30% on top of a 100% is not 130%
Looks like your country has trouble reading. Or maybe it’s dumb to stereotype an entire country and it’s just you.
From the few articles I read, Trump was refering to percentage points, not actual step by step percentage increases.
I wouldn’t bet that even grandpa rape knows what the fuck his own words meant, other than insider trading for his closest traitors.
I honestly wouldn’t be surprised if Trump can’t tell the difference (initially) between X2 step by step 45% increases (which would result in ~110% increase from base), versus two 45% percentage point increases (which would be 90% from base).
