Beijing has threatened countermeasures if Washington continues to violate its "rights and interests."

Summary

China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration’s threats as a “meaningless tariff numbers game.”

Donald Trump’s move to impose tariffs “wiped trillions of dollars off Wall Street” and raised duties on foreign goods, claiming to bring back U.S. manufacturing jobs.

A White House fact sheet announced tariffs on some Chinese imports would rise to 245%.

China’s Commerce Ministry said the move “fully exposes the fact that the United States has become irrational” and vowed to see the trade war “through to the very end.”

  • RangerJosey@lemmy.mlEnglish
    2071·
    5 天前

    Lmao. Could be 2400% and it still wouldn’t matter. China already has the pipelines to circumvent all retaliatory measures including Chumps tariffs.

    Remember how China exposed all the luxury brands? It’s that. Send the products to Vietnam or Brazil or somewhere. Get a domestic label sewn on and bingo.

    Xi is playing chess. Chump is playing with his own feces.

    • Optional@lemmy.worldEnglish
      672·
      5 天前

      Once again I miss competence. Just - plain old competence. Knowing a goddamned thing.

      Unfuckingbelievable we’re here again. The fucker almost wiped out the planet last time with a virus. Gotta give him another at-bat eh? Fucking idiots.

    • madame_gaymes@programming.devEnglish
      221·
      5 天前

      In Trump’s defense, its easier to shove a turd through the round hole than a square peg. Especially if it’s liquid McD’s turds.

    • CanadaPlus@lemmy.sdf.orgEnglish
      10·
      5 天前

      I mean, that’s still a lot of extra cost and red tape, and the guys sewing labels will eventually start sewing everything else.

      It rarely adds 200%, though. At 125% the talking head were already saying the US was in effective embargo territory, so it is kind of meaningless.

    • ☂️-@lemmy.mlEnglish
      8·
      5 天前

      Brazil

      wow i WISH we were doing any kind of significant manufacturing here.

    • witchybitchy@lemm.eeEnglish
      2·
      5 天前

      do you know where someone could acquire those higher end products through other channels? some Chinese or other website selling quality products for cheaper than the brands but still for a profit for them?

    • CorkyskogEnglish
      233·
      4 天前

      I am rooting for free trade. It’s stupid and inefficient for every country to try to manufacture the same goods.

  • Crackhappy@lemmy.worldEnglish
    68·
    4 天前

    Trump has already lost this war. The war he started because he’s stupid as fuck. He’s going to die before he sees the results of the chaos he reigns.

    • P00ptart@lemmy.worldEnglish
      35·
      4 天前

      Have you seen him recently? Sometimes he neglects the orange deck stain, and his skin is grey and ghoulish. I swear if he didn’t have some necromancer keeping him alive, he’d have died 20 years ago.

  • riodoro1@lemmy.worldEnglish
    43·
    4 天前

    What are americans going to do? Stop buying Chinese crap?

    Once amazon warehouses are empty the tariffs are gonna be „paused”. In trumps own words „he has no cards”.

    • Vanilla_PuddinFudge@infosec.pubEnglish
      91·
      4 天前

      There’s two ways this works out.

      1. Trump’s regime doubles down, never backs out and holds firm.

      Basically, you’re fucked. Chinese goods stop flowing, medical devices and equipment stop coming, tools and utilities stop being restocked. You’re on your own. Welcome to Thunderdome.

      1. Trump’s regime keeps this going until the backlash forces them to give it up.

      Then we capitulate to China, end up paying more overall but not an impossibly high figure for our items and life goes on… only a little less swimmingly.

      My bet is on #1. Stock up on ammo and food, road warrior.

    • lewdian69@lemmy.worldEnglish
      5·
      4 天前

      This is completely unrelated but what’s with the subscript opening quotation marks? Is that a standard in a specific language? I don’t think I’ve ever seen that.

    • Jimmycakes@lemmy.worldEnglish
      41·
      4 天前

      No we are just gonna keep buying the cheap crap at the new tariff price because we have no financial literacy in this country and easy access to credit.

  • notsure@fedia.io
    773·
    5 天前

    …how anyone in the US sees this as positive is beyond my ability for faith and reason…

    • entwine413@lemm.eeEnglish
      64·
      5 天前

      That elected a 34 times convicted felon. I’m not sure why anyone is surprised anymore.

    • Match!!@pawb.socialEnglish
      12·
      5 天前

      the trump voters largely do not want positive, they want big negatives for everyone else and are willing to accept negatives for themselves to get it

    • crank0271@lemmy.worldEnglish
      10·
      5 天前

      What makes you think that they do? I imagine the biggest beneficiaries of this whole thing is a somewhat longer runway until Russian and Chinese demographic collapse.

      • chaosCruiser@futurology.todayEnglish
        10·
        5 天前

        Just the other day I saw a quick street interview on TV. In it, there was a barbershop owner who is also a Trump supporter, and she said that America will endure these difficulties. I got some serious sunk cost fallacy vibes from that interview.

    • djsoren19@lemmy.blahaj.zoneEnglish
      3·
      5 天前

      I mean, I see it a positive that China is telling us to go fuck ourselves, which will greatly increase the economic hardship that the average white moderate faces, which might wake them up to the horrors that are happening around them. As for the trade war as a whole, idk I think the world will generally be better off cutting out America.

    • catloaf@lemm.eeEnglish
      3·
      5 天前

      Domestic manufacturers will see a slight bump. Hopefully their raw materials aren’t so heavy affected though…

    • pelespiritEnglish
      2·
      5 天前

      Because hurting the 1% is the only way this guy is going to be brought back to being an ineffective dictator. If the rich suffer, he will suffer.

  • Gates9English
    36·
    5 天前

    They know he’s full of shit and even if he foolishly proceeds he will destroy the Republican Party’s electoral prospects for decades, lol. The only question is whether they do a military coup to retain power.

    • TheRealKuni@midwest.socialEnglish
      451·
      5 天前

      he will destroy the Republican Party’s electoral prospects for decades

      Nonsense. Go spend some time on The Federalist, or the New York Post,or r/Conservative, or their pitiful “satire” site The Babylon Bee. They don’t live in reality. The real world is completely irrelevant to them. They could lose everything because of Trump and still think that their woes are the fault of woke Marxist liberals (an oxymoron, I know, but they don’t).

      • aesthelete@lemmy.worldEnglish
        6·
        5 天前

        The diehards are not persuadable but not everyone in this country – or even a majority – is willing to lay down their lives and their livelihoods for Trump.

      • Gates9English
        1·
        5 天前

        Trump has the lowest approval rating in history with independents

    • shawn1122@lemm.eeEnglish
      3·
      4 天前

      he will destroy the Republican Party’s electoral prospects for decades

      That’s what they said about Nixon. Look at how that’s turned out.

    • ilinamorato@lemmy.worldEnglish
      192·
      5 天前

      They’re not good, but they are easy to win…if you have all the manufacturing facilities and are okay with plunging your country into depression for the sake of absolutely no benefit whatsoever.

      Wait, what’s the definition of “win” again?

  • Yoga@lemmy.caEnglish
    24·
    5 天前

    There is functionally no difference between a 145% and a 245% tariff.

    The cost of going through a black market rather than a clear or grey one is likely already below 145% and the grey one is likely to fill most gaps in the long run anyways.

    Grey market tariff skirting might be Canadian or UK companies slapping their logos and “made in X” marker after making a tiny change to the product. The barrier to entry on this is quite low as is the risk. If your profit is capped at 145% you still have a lot of room to make money.

    • shawn1122@lemm.eeEnglish
      3·
      4 天前

      Generally any tariff over 50% eats into profit margins sufficiently to end trade altogether.

      Any escalation in tariffs above that is essentially just a symbolic dick measuring contest. China is being the adult in this situation by not engaging.

  • ilinamorato@lemmy.worldEnglish
    21·
    5 天前

    So now we see whether Trump gives in or makes up bigger and bigger numbers. “900%! 1,776%! A BILLION PERCENT!”

    • wjrii@lemmy.worldEnglish
      21·
      5 天前

      If you raise the tariffs to a billion percent then the US will get a billion dollars revenue for every $100 TV that comes from China! There will be so many millions of billions!!! Why wasn’t anyone smart enough to do this before???

  • Dragonstaff@leminal.spaceEnglish
    101·
    4 天前

    I can only picture Xi Jinping swimming through a pile of rare earth minerals like Scrooge McDuck, while a call from Trump rings, unanswered.

  • notsure@fedia.io
    172·
    5 天前

    …please read project 2025, this has all been pre-planned and ready to be executed…