China Hits Back at Trump Tariffs with 34% Duties on All US Goods
https://www.bloomberg.com/news/articles/2025-04-04/china-imposes-34-tariffs-on-all-us-imports-as-retaliation71
u/Opcn 1d ago
The whole rest of the world is working together to get by without trading with the US.
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u/bentmonkey 1d ago
It really is odd how trump has made the US a trade pariah essentially with these tariffs, who wants to trade with the US when they take such actions?
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u/sherilaugh 1d ago
He forgets the world can function fine without the USA. We have a ton of other countries to trade with.
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u/Ranew 1d ago
Gotta hand everything over to BRICS.
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u/Imfarmer 1d ago
Yes, for someone who was threatening other countries if they didn't keep the dollar as reserve currency, he sure is encouraging them to go to anything at all.
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u/Particular-Jello-401 1d ago
Good thing we don’t buy much from china. Wait that means Walmart is gonna get expensive
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u/LifeUuuuhFindsAWay 1d ago
Calm down everyone; at least millionaires will still get a tax break!
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u/3d_explorer 1d ago
Is that 34% additional or did they just raise it from 33% to 34%?
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u/Sn0fight 1d ago
Additional 34%. The US is about to find out that China dont fuck around. They will match the US dollar for dollar, forever and ever.
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u/ValuableShoulder5059 1d ago
And last time China tried that, it didn't work so well for them.
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u/ohiobluetipmatches 1d ago
Last time China tried that, it wasn't the entire world in a trade war against us. China, Japan and South Korea are working together to work against the US. Canada and Europe are working together against the US.
We just tariffed all of Asia based on trade deficits, including places like Singapore. It's bonkers.
Gotta hope North Korea and Russia really want that soy, since that's who we are in line with now.
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u/mkvgtired 1d ago
It did not, however, Xi is a dictator that couldn't care less how much the populace is harmed. He is very similar to trump in that way.
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u/ohiobluetipmatches 1d ago
It also doesn't matter because China is comparatively the good guy this time, and all of the rich nations will do business with them instead of us because 1. They aren't tariffing the fuck out of everyone for no reason, making annexation threats and abandoning agreements. And 2. Financially it's what makes sense for anyone to do.
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u/ValuableShoulder5059 1d ago
It absolutely did. The price of meat went up so high in China they in turn were importing meat from Australia. Who was in turn buying our soy to use as feed. Putting a tariff on something your country can not produce doesn't work well.
You have to realize that one of the reasons we export almost nothing except farm product is because almost everywhere already has a tariff on us goods. Why can't we do the same so we stop exporting our nations wealth?
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u/ohiobluetipmatches 1d ago
We have 4.1% unemployment, except that will skyrocket now. The reason we export almost nothing is because we are a tech and services based economy making exponentially more wealth than resources based economies. This isn't 1735.
We are still not going to export anything because we just tariffed everyone. Unless you want our wages to drop down to a fraction of a dollar an hour, importing from other countries will still be cheaper. They will jump ramp up production or diversify more.
If you have money to build a factory, you go to China or Mexico still. Why the fuck would you plop down in the US and pay 30x more for labor, costs which are even higher now because of tariffs, and then wait literal decades to turn a profit when you can do it for a fraction of the cost literally anywhere else in the world that isn't a developed nation?
This is so basic it has been known and experienced since the 1800s. Economists have studied it forever. Here is ronald reagan talking about the idiocy of tariffs. https://youtu.be/5t5QK03KXPc?si=SjNmVGI9yZtfIx54
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u/ValuableShoulder5059 1d ago
Why would you think jobs coming back here increases unemployment? Factories and warehouses are being BUILT. Yeah unlike China were they have debt slaves working for room and board (rice and a shared bed) we won't have nearly as many people working in each as there are a lot more automated machines being built and installed instead of relying on dirt cheap human labor for the majority of the work.
You can't export services. Services literally exist to serve people who already have wealth.
Tech isn't an export. You could argue our patents sure, except China uses out patents as the source to copy. We simply don't have the exports to cover our imports which is why as a whole country we are losing wealth. It's why the dollar is getting weaker. It's a source of inflation.
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u/ohiobluetipmatches 1d ago edited 1d ago
Actually, explain to me like I'm 5. We're at 4% unemployment. We just nuked the economy. Trillions of dollars of loss. We pissed off every trading partner. Massive dip in tourism and business.
What jobs are coming back? Who is going to fill them? Laid off google and apple workers? Why the hell would they want manufacturing or crop picking jobs making less than 100x what they were making?
Out of this money and jobs we nuked from the economy, who is going to pay for infrastructure, development, farming, etc.? Who are they selling to?
Are you proposing we are going to scale costs back so much that poor countries are going to start buying from us now? Domestically, you think we are replacing the ENTIRE WORLD in purchasing power? After we just purged the economy?
Do you think the world is a village or something? We're not trading chickens. We buy cheap exports produced at a fraction of what we can produce. We buy resources from places that have them. We export things people need. Trade deficits happen. Tariffs have already existed for food production.
The united states subsidizes the hell out of agriculture, or at least did until now. It's a matter of national security. Food production. Other countries tariff and also subsidize food. Because if they lose all of their food production capacity to cheap, subsidized US food exports, then when an orange dictator takes power in the US he has the power to cut food supply and destroy that country.
There's no cheap production jobs coming back. There never will be unless we tank ourselves into a subsistence economy. We make value in this country. Brands, weapons, tech, finance, consulting.
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u/Drzhivago138 """BTO""" 1d ago
Factories and warehouses are being BUILT.
Where? And are these good-paying jobs that people want?
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u/Bald_Nightmare 1d ago
What's really funny is these idiots don't realize that to build those factories it's going to require materials that have to be IMPORTED!
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u/mkvgtired 1d ago
Reread my comment. I agree with you it didn't work out well. Xi doesn't care if his people suffer, just like trump doesn't care.
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u/mynameisneddy 1d ago
China imports a lot of meat (and dairy) from NZ, Australia and Brazil and has done for decades. At one stage they were short of meat because of an outbreak of African Swine Fever but that’s over now. They aren’t going to have any problem replacing the US.
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u/Sn0fight 1d ago
Oh? You mean in 2016 when Trump imposed tariffs on them? Because that didnt seem to phase them much.
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u/nghiemnguyen415 1d ago edited 12h ago
China’s U.S. soybean imports
2010 - $10.8B
2011 - $10.4B
2012 - $14.9B
2013 - $13.8B
2014 - $15.8B
2015 - $12.7B
2016 - $14.2B
2017 - $12.3B
2018 - $3.1B
2019 - $7.9B
2020 - $14.2B
2021 - $17B
2022 - $16.4B
2023 - $14.8B
2024 - $12.8B
Conclusion -
1.) Democrats are better for American farmers.
2.) Average trade of $13.7B from 2010-2015
3.) The Orange Mumbling Buffon made a record low of $3.1B, a trade so bad that it hadn’t been seen since 2006 under another Republican president($2.8B).
4.) Numbers don’t lie.
5.) DonTheCon is an awful deal maker, as two of the worst trading years were under TraitorDictator Cheeto Dorito’s term.
Why do farmers, who experienced the shit show in real time keep on voting for a known Russian puppet?
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u/Imfarmer 1d ago
Democrats have consistently been better for Farmers, but we/they keep voting Republican because "Freedom."
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u/Odd-Historian-6536 1d ago
Where does Brazil sell the rest of their crop. If China displaces US soy with Brazilian soy, then some Brazilian customers will be shorted. Or is there an abundance of soy?
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u/Neoliberal_Boogeyman 1d ago
Chainsaws are cheap and you can cut down a whole bunch of trees down there.
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u/asbestoswasframed 1d ago
Well, looks like we're going to find out exactly Brazil's soy growing capacity.
I feel for anyone in the Soy market this year - that price is going to absolutely crater.
It's also going to be tough for an administration obsessed with "government efficiency" to justify socializing the pain growers will feel through subsidies/handouts.