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."

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[–] 208 points 1 year ago (5 children)

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.

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  • [–] 66 points 1 year ago

    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.

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  • [–] 21 points 1 year ago (2 children)

    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.

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  • [–] 10 points 1 year ago* (last edited 1 year ago)

    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.

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    [–] 117 points 1 year ago (3 children)
  • [–] 60 points 1 year ago (4 children)

    The AI slop machine got Trump’s name right, but whiffed entirely on the author of the book.

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  • [–] 87 points 1 year ago* (last edited 1 year ago) (2 children)

    Wait you mean Tow Glhvartz didn't write it? Next you're going to tell me it isn't "Domale's inside look at his lime of fomim sun thant the om curayer"

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    [–] 74 points 1 year ago (11 children)

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

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  • [–] 64 points 1 year ago (2 children)

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

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  • [–] 10 points 1 year ago (1 child)

    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.

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  • [–] 10 points 1 year ago

    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.

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    [–] 69 points 1 year ago (1 child)

    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.

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  • [–] 36 points 1 year ago (1 child)

    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.

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  • [–] 59 points 1 year ago (6 children)

    Trump is going to loose this trade war in 6 months or less.

    We at about to have Covid level disruptions to our supply chain. Over 80 cargo vessels have canceled sailings. Think about the amount of goods we are not going to get in 3 weeks time. Yeah China will loose money and will be hurt by the trade war but they can find other markets.

    The USA is going to have epic supply chain disruptions. We wont have consumer goods or components for manufacturing within 6 weeks. It’s going to be a shit show unless Trump backs down.

    https://www.asiafinancial.com/transpacific-cargo-trade-decimated-by-trumps-tariff-war

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    [–] 57 points 1 year ago (1 child)

    China can live without us. We can't live without them. Go into a Chinese house and remove all the items made in the USA. Now try that in an American house and tell me what's left.

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  • [–] 44 points 1 year ago (7 children)

    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”.

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  • [–] 8 points 1 year ago* (2 children)

    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.

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    [–] 43 points 1 year ago (1 child)

    What a weird timeline that we are rooting for China on this.

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  • [–] 36 points 1 year ago (2 children)

    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.

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  • [–] 44 points 1 year ago (3 children)

    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).

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    [–] 27 points 1 year ago (1 child)

    Trade Wars Are Good And Easy To Win

    ~ Sun Tzu, War of the Art of the Deal

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  • [–] 17 points 1 year ago

    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?

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  • [–] 26 points 1 year ago
    [+] 24 points 1 year ago* (last edited 1 year ago) (1 child)
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    [–] 21 points 1 year ago* (1 child)

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

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  • [–] 21 points 1 year ago (1 child)

    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?!?!?

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  • [–] 18 points 1 year ago (2 children)

    Trump is an unserious president

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    [–] 16 points 1 year ago

    I hope Trump holds long enough for the release of the next iphone

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  • [–] 15 points 1 year ago (2 children)

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

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    [–] 9 points 1 year ago

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

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  • [–] 9 points 1 year ago (1 child)

    within projecct 2025 is the alientation of all foreign trade due to "internal security"...should i quit now?

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