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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u/Mother-Pomegranate10 1d ago

Yep, this is the silver lining I am clinging to right now — congress either tells him no or we get a biblical blue wave next year.

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u/SomeDEGuy 1d ago

It will be a race to see if they can purge voter rolls and suppress votes enough to counteract it.

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u/Cafrann94 1d ago

Tells him no when? The tariffs already passed.

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u/Mother-Pomegranate10 1d ago edited 1d ago

I’m referring to the bipartisan bill introduced yesterday that would require any tariffs imposed under the executive’s emergency authority to receive congressional approval or expire within 60 days. It wouldn’t undo the damage already done but might mitigate future damage. Of course Trump is insane and would probably just declare a new emergency every 60 days so it would be best for congress to take back the emergency tariff authority altogether or at least restrict it considerably and they can do that at any time if they have the courage.