r/news • u/johnk317 • 1d ago

China to impose 34% retaliatory tariff on all goods imported from the U.S.

https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html?__source=iosappshare%7Ccom.apple.UIKit.activity.CopyToPasteboard
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532

u/DrothReloaded 1d ago

aaaaand there goes the American farmer exports...

32

u/BigPandaCloud 1d ago

I wonder how that will affect the subsidies farmers get for growing crops that they end up exporting.

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u/no_more_mistake 1d ago

I'm not an economist, but a 10% retaliation on soybean tariffs in his first term prompted a $20B bailout subsidy for farmers. This most recent retaliation would require something... much more.

The price of soybeans dropped roughly 40 percent since 2022, partly because Trump’s first (much more limited than today's) trade war reshaped the global market, and Brazil and Argentina became sources in direct competition to the U.S. We won't be exporting as much because of that, too.

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u/DrothReloaded 1d ago

Farmer bailout will be required or many will go under. We live in the dumbest of timelines.

1

u/Aazadan 10h ago

As someone who doesn't want to starve, I'm pro farmer bailouts. As someone who hates Trump, I kind of want to see us all starve because no one can afford food and the economy goes to shit. Of course I know that even if Trump were overthrown from that, there's no easy fix. It's not like tariffs can just be lowered after the fact to go back to how it used to be. You've got to convince those other nations to buy from you.

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u/quaybles 1d ago

"Yer not fond of me lobster?" - Maine

8

u/Epyon214 1d ago

What do you think the chances are thousands of Americans literally starve to death as a result of these recent policies, and how long after family members start starving to death do you think rebellion will start being openly talked about in the streets

3

u/Wasabaiiiii 1d ago

Majority of export from farmers to China isn’t food I think, it’s cotton and other shit. It was actually a big problem water wise for California.

1

u/Aazadan 10h ago

Who would have expected Repbulicans will be the ones that have to bring back government cheese and peanut butter to feed people?

1

u/Frim_Wilkins 14h ago

TBH most other countries will be importing from other countries than the US. Just cause you have a basket of bread doesn’t mean people want your dry, stupid cookies.

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u/Nwrecked 1d ago edited 1d ago

Retaliation or not. Doesn’t china NEED to buy our agricultural stuff?

Edit: sorry guys I really didn’t know. Fuck Trump.

67

u/Swaayyzee 1d ago

They have to buy agricultural stuff, they don’t have to buy OUR agricultural stuff.

39

u/eilif_myrhe 1d ago

Brazilian farmers are very happy right now.

8

u/yeahright17 1d ago

The environment is not as they keep clearing the Amazon to grow more crops.

5

u/rbit4 1d ago

Lol neither China or Brazil cars as much as us about the Amazon. They will grow their crops and fuck over the American farmers

3

u/quietcrisp 1d ago

They're not fucking over American farmers, Trump is

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u/[deleted] 1d ago

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u/jrfid 1d ago

Brazil, they’ll pick up the short fall like they did last time Trump did this.

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u/[deleted] 1d ago

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1

u/curepure 1d ago

relationship management is why

1

u/curepure 1d ago

relationship management is why, now that is down the drain

26

u/DrKurgan 1d ago

The US is 7% of their imports and now their stuff costs 34% more for no increase in quality. They'll buy from their other trade partners.

10

u/Kamakaziturtle 1d ago

Other countries exist. One of the biggest advantages the US has is thanks to how much food it produces, it’s able to sell cheaper than most. This comes at a bit of a cost, US food tends to be a bit less quality, but the cheapness makes it a worthwhile trade.

Now it’s no longer cheap. Other countries also produce food, and without having computing that’s cheaper, they are going to look much more appetizing to fill that gap.

1

u/Nwrecked 1d ago

Thanks for the response. That makes a lot of sense

17

u/Crepo 1d ago

Hell no. No one needs Americas shit. Americans can fuck themselves hereafter.

1

u/LordTotoro96 1d ago

No, they got enough land mass to do it in their own country and since they allow sweatshops they don't have to worry about the stuff we do to make manual work tolerable.

1

u/Nwrecked 1d ago

Hmm I’m reading about it now. China has been reducing its reliance on American agriculture for a while now. God Trump is a dickhead.

1

u/LordTotoro96 1d ago

Look up the soy bean incident where we lost revenue due to an increase in pricing to China that Trump had to send out help to farmers to circumvent the fuck up he made.

That's not to factor in the amount of people who lost their lives and jobs thanks to covid and trump's handling of the situation.