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/KFR42 1d ago

"Eggs are too expensive!"

"Best I can do is to make everything else more expensive"

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u/Nu-Hir 1d ago

The best way to make eggs cheap again is to make everything else more expensive! Then eggs are cheap by comparison.

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u/Cafrann94 1d ago

“I’ll give you something to really cry about!”

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u/progxdt 1d ago

That was the plan 😉

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u/Aazadan 7h ago

Even if this all worked, wages would ever rise to the point that workers could afford anything, which would collapse sales and business.

The ones who want to return to the 1950's forget that their lifestyle was funded by nations rebuilding from WW2 and buying all the supplies from the US which made much more demand than was typical. Those who want to return to the 1850's had lifestyles funded by slavery. Those who want to return to the 1650's were stuck in feudalism and had zero agency in their lives.

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u/ultimatt42 1d ago

Except labor, same price for labor.

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u/PurposeUsed7066 1d ago

Record high profits, record low labor by inflationary comparison.

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u/StingingBum 1d ago

The good news is my salary stayed the same.

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u/notasrelevant 1d ago

"By comparison, eggs are pretty cheap now! Basically the only thing I can afford."