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
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102

u/goldenlamp Mar 03 '25

Rookie numbers, EU, Mexico and Canada are getting way higher tariffs

14

u/bandy_mcwagon Mar 03 '25

Keep in mind this is on top of previous ones

1

u/QwertyPolka Mar 04 '25

You get tariffs, and you get tariffs too. More tariffs for you! And you, here's a brand new tariff!

4

u/[deleted] Mar 03 '25

[deleted]

16

u/ThePlatypus35 Mar 03 '25

Which are all on top of other tariffs for specific products. Steel products are at 70% now. Source; my company is fucked.

13

u/StarGaurdianBard Mar 03 '25

Don't worry, we will now also have 25% tariffs on Canadian steel too!

1

u/Fractales Mar 03 '25

Steel company? Automotive?

3

u/Temporary_Leg_8955 Mar 03 '25

Looks like it’ll just raise the previous 10% tariffs to 20% total, according to this article.

1

u/Defences Mar 03 '25

No it’s not. It’s raising the current ones to 20%

0

u/JohnLaw1717 Mar 03 '25

That's not even counting Bidens really good targeted tariffs, that we on reddit love.