r/wallstreetbets • u/s1n0d3utscht3k • Mar 03 '25

News Trump Officially Signs 20% Tariffs on China

https://www.barrons.com/news/trump-signs-order-for-20-tariff-on-china-w-house-d6fec57f
23.3k Upvotes

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2.6k

u/BeyondTheStars22 Mar 03 '25

20% what is this man doing.

1.1k

u/GroupKooky Mar 03 '25

20 percent on top of the 10 percent that was already in place from back in 2018

531

u/oonko-atama1 Mar 03 '25

On top of the 25 percent from when he started the trade war against China in 2018

268

u/QwertyPolka Mar 03 '25 edited Mar 03 '25

I'm gonna need to break out the Etrian Odyssey damage calculator to tally down these nested doll tariffs.

30

u/a-amanitin Mar 03 '25

Wild EO reference!

26

u/QwertyPolka Mar 03 '25

do these tariffs stack additively or multiplicatively

11

u/Mental-ish Mar 04 '25

Additive

5

u/DatCitronVert Mar 04 '25

I hate how this line of thought follows me into every game. Why can't I see "20% increase" and simply accept that for a fact ?

5

u/GoOnBanMe Mar 04 '25

Always side-eyeing that "95% chance to hit".

5

u/QwertyPolka Mar 04 '25

they keep lying to us!

7

u/Patient-Straight Mar 03 '25

Even in your WSB, FOE

3

u/HydromechCitrus Mar 04 '25

Too bad theres no diminishing returns lol

5

u/Jasonrj Mar 04 '25

So the total now is 50% or 30%?

5

u/oonko-atama1 Mar 04 '25

Not sure if it’s 20 + the 10 from last month vs. just an increase from 10 to 20, but I recently had to approve a 100k invoice from China with 25+10 percent.

5

u/Jasonrj Mar 04 '25

Xi didn't pay the tarrif for you?

7

u/oonko-atama1 Mar 04 '25

Oh yeah, hand delivered by him in cash. It was great, so much bigly winning.

3

u/NEIGHBORHOOD_DAD_ORG Mar 04 '25

Why are we doing this again? Would opening trade not immediately relieve economic pressure for many Americans?

260

u/[deleted] Mar 03 '25

Do you know why he is doing this? I think he purposely tank the economy so the rich people can just buy everything cheap or something

401

u/ISayHeck Mar 03 '25 edited Mar 04 '25

Could be

It could also be that he's a hot headed moron, surrounded by yes-men with little to no grasp on economics

154

u/bandy_mcwagon Mar 03 '25

It’s both. He’s a moron, the rich people around him on all sides are eager to let him do it and thus buy buy buy

57

u/WeirdWaytoBe Mar 03 '25

And he loves presidential powers that need no authorization, i.e. Tariffs and pardons. 

12

u/Johns-schlong Mar 03 '25

Rich people start to look tasty to a starving populace.

2

u/LavishnessOk3439 Mar 04 '25

Bro tell be on another country before the first guillotine is built.

3

u/TimTomTank Mar 04 '25

Warren has been selling off for months for a reason.

This is just the elephant in the room becoming obvious to us.

1

u/Dozekar Mar 04 '25

buy buy buy is a terrible plan when the administrations tarriffs and other actions literally threaten the survival of a lot of those businesses.

You can't just walk back tariffs like this. Trade wars can take decades to get back out of.

2

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3

u/Illustrious-Yak5455 Mar 04 '25

It's likely why there's this growing rift between new and old conservatives. Folk like Cheney worked for decades to build this soft power supremacy that relies on stability with controlled chaos to drive markets. This new conservatism is all chaos

3

u/lewger Mar 03 '25

It was one of the few buttons he could push without this pesky judges getting involved.

-1

u/mojomoreddit Mar 04 '25

Could be…but could also be that he is the highest IQ strategist that the world has ever seen. Saying what he is saying,doing what he said he was gonna do and doing it in 2016 also??? Imma not saying anything, but let’s assume he actually is doing everything right??? What would the conclusion be? 

9

u/belhamster Mar 03 '25 edited Mar 04 '25

Because it seems tough and strong. It’s as close to a dictatorship as he can get here.

His Christian Nationalist advisors are doing it because they want to turn America back to 1950.

I think they both severely overestimate the populations willingness to endure economic pain for either of these visions.

6

u/bjt23 Mar 03 '25

There's a problem with this theory. You get to be so rich at a point that preserving your wealth becomes a priority. That requires a stable economic environment. Trump is a destabilizing economic force. Also, we literally can just look over to Russia who tried this already, the Oligarchs handed Putin absolute power and then found themselves falling out of windows. If this is their plan with Trump, it's a bad plan.

6

u/brewend Mar 03 '25

I'm pretty sure Elon literally said that was the plan a few months ago

16

u/michaelt2223 Mar 03 '25

He’s a foreign asset working for brics to devalue the dollar. He’s completely owned by the Saudis and Russia

1

u/No-Breakfast-8154 Mar 04 '25

Honestly this might check out lmao

1

u/michaelt2223 Mar 04 '25

100% it does. His only real business connections in the entire world are Russia and Saudi. He’s got no US based business anymore all of his money and he’s hoping they take him in if he survives past 2028. He’s gonna be in for a real shock when Saudi and Russia turn him over to the west after they’re done with him. His only value to them is being president he’s got no other leverage

3

u/bravado Mar 04 '25

He's a fucking moron who can't fathom that you can have a win-win deal. If someone else is winning, then that means you're losing in his stupid dipshit head.

3

u/Hydraulic_IT_Guy Mar 04 '25

Berkshire sitting on a mountain of cash for something.

1

u/mangosail Mar 04 '25

How do you think money works? Do simple things just completely baffle you?

1

u/[deleted] Mar 04 '25

Quite simply because Putin tells him what to do. And Putin wants the downfall of America so he can finally win the Cold War.

1

u/dgarbutt Mar 04 '25

Could be, then Elon pulls the rug on the market, makes a motza and since precedent has been set with Biden and his pardons for his son, Pardon Elon Musk for any possibly crime that had been committed.

1

u/Throw9984 Mar 04 '25

Every major financial disaster in US history occurred while Republicans (regressive, laissez-faire policies) held unified control of govt for 4 or more years.

1

u/Dozekar Mar 04 '25

All the rich people don't wanna sell this shit their illiquid money is in and risk losing more value than they gain. They just want to get their liquid money into long term assets like land and oil and gold before the shit collapses.

1

u/HulkingFicus Mar 04 '25

I think he is going to crash the dollar and try to get everyone to recover with crypto instead, but I don't know anything 🤷‍♀️

0

u/shaktimann13 Mar 04 '25

To destroy the American empire. He is Putin's dog. Destroying usa economy, dollar and relationship with allies.

0

u/mojomoreddit Mar 04 '25

Cool down man, this is short term. Money printer and Powpow will fix it. Orange man 🍊 just needs something to nudge Papa powpow to lower rates again and do it faster. Dollar will reach parity with EUR, making those exports cheapo and then do a 180 on Nato and on Zelenski boi so that they buy BIG in us defence stocks, catalysing a then flourishing industrial powerhouse. US Long term baby!! Fuck the ghey bears

0

u/Inevitable_Ebb5454 Mar 04 '25

I think the idea is to ultimately cut taxes for the rich but inflate taxes for the poor majority to keep government revenue stable. A lot of ppl don’t understand that tariffs are a sales tax.

Here’s a Terminator meme to help explain how they just f everyone when they’re designed: https://imgflip.com/i/9m6phx

33

u/adamsaidnooooo Mar 03 '25

No he is putting 10% more on the 10% from before. So 20% total.

4

u/[deleted] Mar 03 '25

[deleted]

-5

u/adamsaidnooooo Mar 03 '25

It's 10% to 25% (on some products) from 2018 and now a further 10%. 25% is for Mexico and Canada as they are trumps arch-enemies.

7

u/[deleted] Mar 03 '25

[deleted]

-7

u/adamsaidnooooo Mar 03 '25

I'm at work but yoy can use google and check. It's 10% across the board and up to 25% on some products. That was introduced in 2018. Tomorrow a further 10% across the board. You can even read the article that's posted on this thread.

9

u/[deleted] Mar 03 '25

[deleted]

13

u/adamsaidnooooo Mar 03 '25

Yoy know what I stand corrected. I missed the 10% he put on at the beginning of February. My bad.

5

u/[deleted] Mar 03 '25

That would be a 21% increase total

1

u/[deleted] Mar 03 '25

[deleted]

0

u/adamsaidnooooo Mar 03 '25

Yes. 10% on everything from 2018 (25% on some products) and now a further 10% on everything.

1

u/Sir_Totesmagotes Mar 04 '25

Some people don't bother reading and just make assumptions

1

u/victooer Mar 04 '25

So a 100% increase?

1

u/[deleted] Mar 03 '25

So weird Biden didn’t end the tariffs…

1

u/CHUBBYninja32 Mar 04 '25

That is incorrect and stated in the article. 20% total… right now.

1

u/Jake_Magna Mar 04 '25

Is it too late to buy a nice monitor.

491

u/whatproblems Mar 03 '25

f the economy speed run

258

u/mpoozd Mar 03 '25

Grabbed the economy by the pusi

76

u/JohnLaw1717 Mar 03 '25

I moved on the economy like a bitch.

2

u/Imperial_Bouncer Mar 04 '25

It’s gonna be 250 years old next year tho.

Way too old?

31

u/sneakyxxrocket Mar 03 '25

And the Canada and Mexico Tariffs are inbound tomorrow apparently it’s so over

3

u/QwertyPolka Mar 03 '25

TrompCoins all the way down

-39

u/Krisevol Mar 03 '25

Democrats have been in office for the last 12 of 16 years and the age of first time home buyers has gone up 10 years, to the average age of 40 now

The economy was broken way before trump took office.

17

u/AssumptionOne3181 Mar 03 '25

and hes making it worse

17

u/ZoominBoomin Mar 03 '25

He's literally against regulating the housing market. He ain't fixing that shit. Also, the large corpos he's giving tax breaks to are causing that. Soooo make it make sense.

11

u/whatproblems Mar 03 '25

what does that have to do with the current tariffs and other current policy crap that everyone is reacting to

3

u/HomeGrownCoffee Mar 04 '25

My team is good. Other team is bad!

-1

u/Krisevol Mar 03 '25

Because trump office is the result of these policies that made home ownership impossible. It's directly related.

7

u/ReturnOfDaSnack420 Mar 03 '25

So your solution is to just make everything more expensive for the average person for absolutely no reason whatsoever? What kind of fucking logic is that

-6

u/Krisevol Mar 03 '25

Your logic is keep going to first time home buyers are age 60. What kinda is logic is that?

8

u/ReturnOfDaSnack420 Mar 03 '25

You do realize that homes are built out of things yes? Things that would become more expensive once they are tariffed? Which would make a new house even more expensive and even more out of reach for the average first-time buyer?

Homes are expensive because of shitty nimby laws restricting supply against demand alongside a whole host of complicated issues, and doing the world's stupidest most self-destructive economic tactic isn't going to do anything to fix that

-2

u/Krisevol Mar 03 '25

And doing what we have been doing won't make it better either. The Democrats have failed us, as every party that fueled the government though debt has.

53

u/Iamthewalnutcoocooc Mar 03 '25

Disregarding consequences

25

u/rocc_high_racks Mar 03 '25

Sometimes you have to disregard to fully regard.

6

u/[deleted] Mar 03 '25

We are already paying 50% on semiconductors from china

5

u/Objective-Muffin6842 Mar 03 '25

Remember when people said he was bluffing?

4

u/esotericimpl Mar 03 '25

He is upset about the trade deal he ripped up last term and renegotiated himself.

Even trump knows he’s an idiot at negotiating.

3

u/Real_Stranger_7957 Mar 03 '25

Fuck, maybe 30% by the end of the week ?!?!?

2

u/dipmyballsinit Mar 04 '25

Trying to destroy America so him and his billionaire pals can buy up everything and control even more wealth

2

u/sigep0361 Mar 04 '25

Isolating the USA. All part of the plan.

1

u/aManPerson Mar 04 '25

thailand made car parts and PCBway #1

1

u/Woodofwould Mar 04 '25

Charging China less than Canada.

And supporting the Russian economy soon.

1

u/KingoftheRoad44241 Mar 04 '25

Tanking the US economy will make it easier for puppet master Putin to take over the world.

1

u/PeterNippelstein Mar 04 '25

There's a lot of money to be made in a crumbling democracy.

1

u/-hayabusa Mar 04 '25

Meanwhile FXI is currently up a point.

1

u/DYMAXIONman Mar 04 '25

Almost every electronic will be affected by this lol.

1

u/NoIsland23 Mar 04 '25

You cannot convince me this man isn't deliberately trying to crash US economy.

Either for a certain easter european man to gain power, or for tech oligarchs to be able to buy everything at a massive discount from the plebs (that's us).

-1

u/dallassky24 Mar 03 '25

incentivizing manufacturing in the States. no tariffs for selling chips made in Arizona.

6

u/AFWUSA Mar 04 '25

Wasn’t he railing against the CHIPS act months ago? Now he wants to take credit for its successes? And you’re buying that?

-27

u/PRH_Eagles Mar 03 '25

No politics bro delete this

17

u/atlasmountsenjoyer Mar 03 '25

Delete yourself.

3

u/NotHearingYourShit Mar 04 '25

This post is about policy. You do know that policy is literally politics. Fuck off