Quote from: somac. on Today at 11:44:54 AM

Quote from: psycodad on Today at 11:36:31 AM

The empire strikes back..:

Quote from: Breaking | China fires back with fresh 50% tariff in stern rebuke to Trump’s escalation

Matching blows with Washington, Beijing’s tariff hike brings the accumulative tariff total to 84% on goods from US, as trade war rapidly intensifies

-> https://www.scmp.com/economy/china-economy/article/3305873/china-fires-back-stern-rebuke-trumps-tariff-escalation

Interesting times ahead. Starting to want one of those Greenlandish MAGA hats (those that say "Make America Go Away").

USA has a huge deficit with China. China's tariffs are futile.

Let the chaos continue

That's certainly not wrong but the numbers are going down over time, China has seriously ramped up domestic consumption and opened up a lot of new markets. It is not as dramatic for them as it was a few years ago. Also a few hours ago they have started to reduce their holdings of US treasury bonds* which might have more of an effect than their tariffs which I agree are mostly a show of actionism for the Chinese punters.

But interestingly while browsing AliX et al it occured to me that the vast majority of Trump merchandise seems to come from China:

https://www.aliexpress.com/w/wholesale-maga.html

https://www.temu.com/search_result.html?search_key=maga&search_method=user

So that MAGA hat just got about twice as expensive in which I can spot some irony.

At least popcorn demand will soar in the short term I guess..

* https://www.cnbc.com/2025/04/09/us-treasury-yields-investors-weigh-new-reciprocal-tariffs-.html

[Edited to add link]

psycodad

Posts

Merits

Most active boards