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.
You must log in or register to comment.
Doesn’t matter whether it’s a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.
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.
These numbers are absolutely wild. Has anyone made a site for tracking this madness?
Many, it’s all over the news. It seemingly changes based on emotion though, we thought it was 125% but it was really 145%.
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.
Don’t know of any, sorry!
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.
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.
China should just one up him in a way that doesn’t let him one up them: complete embargo
“Oh yeah? Complete embargo PLUS ONE!!”
245% embargo. If you dare try to export things to the US, you’re getting 245% of it back.
The bad part being that the stuff over 100% will be poorly-made American knockoffs.
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).
Maybe it is the plan…
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.
4% of the world population with 90% of the world wealth though…
deleted by creator
We can only hope
I feel like I may owe the accelerationists an apology if this causes dedollarization.
Just checked wikipedia and it says 30%.
I think they’re confusing wealth in general with dollars specifically.
I guess foreign oligarchs skew the calculation to other areas maybe? I wonder what the distribution is with a max cut off of 100 million dollars
Remove the oligarchs from that calculation.
According to the IMF, the US has 15% of the world PPP GDP, versus China’s 20%.
He found a bigger number somewhere?
He’ll find another. I bet 420%
nah, elon’s holding that one with a death grip
Title should be “Americans face 245% Trump tariff on China”
A post 6 hours old. I give a 50% chance, that the number is outdated.
Next stop: trade embargo
Nah, its not over 9000 yet.
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.
hahaha line go brrrrrrr
Yeah because they excempted the main imports so now they can jack it up to whatever to look tough even though they already conceded.
No, they walked that back almost immediately. The tariffs are still on everything.
Damn, I can’t keep up with this shit
I shouldn’t be laughing but…
ChinaUS consumersOnly 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.
Yeah, what’s with the EU getting hit with stray bullets? They are not imposing crazy tariffs on Chinese goods, apart from EV cars which are heavily subsidized by the Chinese government
I’m Dutch. If China would keep on selling this stuff to us, I guarantee you someone from my country will find a way to sell it to the US. Something called “Dutch east India Company mentality”.
A million bajillion percent.
Infinity percent No backsies runs away
Me first! Smoke bomb!
Muwahahaha!!
You beat me to it by a mile.
deleted by creator
Indeed. It’s at the point where the exact number is irrelevant.
