The White House said the higher tariff is as a result of Chinese retaliation.
  • Caveman@lemmy.world
    0·
    2 days ago

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

  • nuko147@lemm.eeEnglish
    0·
    3 days ago

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 I give a 50% chance, that the number is outdated.

  • millie@beehaw.orgEnglish
    0·
    3 days 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.

  • PalmTreeIsBestTree@lemmy.world
    0·
    4 days ago

    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).

  • Aurenkin@sh.itjust.works
    0·
    4 days ago

    Yeah because they excempted the main imports so now they can jack it up to whatever to look tough even though they already conceded.

    • Frozengyro@lemmy.world
      0·
      4 days ago

      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.

      • buddascrayon@lemmy.world
        0·
        4 days ago

        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.

    • Cowbee [he/they]@lemmy.ml
      0·
      4 days ago

      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.

        • Cowbee [he/they]@lemmy.ml
          0·
          4 days ago

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

          • TranquilTurbulence@lemmy.zipEnglish
            0·
            4 days ago

            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.

  • Cowbee [he/they]@lemmy.ml
    0·
    4 days ago

    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.

  • wirebeads@lemmy.caEnglish
    0·
    4 days ago

    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.