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

96% Upvoted

1.9k comments sorted by

View all comments

148

u/UnfazedBrownie Mar 03 '25

So what’s the end goal with the tariff, as in what levers need to be met by these countries for the tariff to be lifted? This can’t be some permanent PIP.

219

u/Nice_Dependent_7317 Mar 03 '25

I don’t know what his end goal is… he wants to reduce taxes (always good to score popularity points) and have the gaps filled with tariffs. Either way, it ultimately is the American consumer paying the US government. It’s just taxing with extra steps, and it wouldn’t surprise me if it turns out that only the rich will be able to enjoy the tax cuts, while Average Joe gets fked two times over.

126

u/noor1717 Mar 03 '25 edited Mar 03 '25

I’m pretty sure the middle classes taxes are going up under trumps plan too

75

u/IrishPigs Mar 03 '25

They are. I think the income line where you start coming out on top is 300k.

3

u/Boxofcookies1001 Mar 03 '25

Combined or single?

9

u/yunnybun Mar 04 '25

Combined. 320k.

1

u/Time_Definition_2143 Mar 04 '25

well duh, the lower class doesn't make enough for the taxes to satisfy the upper class

1

u/SwampOfDownvotes Mar 04 '25

There hasn't been any officially recently revealed details about Trumps Tax plan.

Yes he is likely screwing the middle class and below, but anything about his "tax plan" that you see is with some older unofficial data. We will have to wait and see.

22

u/bandy_mcwagon Mar 03 '25

The average consumer could, in theory, save money if they stopped buying stuff except the basics and got the benefit of lower taxes. But consumer spending tanking of course kills the economy at large

18

u/ItsActuallyButter Mar 03 '25

And a tanked economy means that saved money is worth much less. And the benefits of lowered taxes is wiped out.

5

u/Loud-Fig-1446 Mar 04 '25

There are no lowered taxes for the people who would need to reduce spending.

1

u/bandy_mcwagon Mar 04 '25

If prices decline like one would expect them to, that doesn’t seem correct

2

u/SeveredFromMySoul Mar 04 '25

If prices are going down we are truly fucked.

3

u/ItsActuallyButter Mar 04 '25

Tanking economy does not exactly mean that prices go down my guy :)

1

u/bandy_mcwagon Mar 04 '25

So nothing will ever be cheap again, eh?

1

u/ItsActuallyButter Mar 04 '25

The only thing that’s cheap is your education.

Try again. What do you think a tanked economy means?

0

u/bandy_mcwagon Mar 04 '25

In this context I’m assuming a crashed stock market

1

u/ItsActuallyButter Mar 04 '25

Jesus Christ man.. have a good day.

0

u/bandy_mcwagon Mar 04 '25

So you’re not gonna be helpful, kk

→ More replies (0)

2

u/[deleted] Mar 04 '25

[deleted]

1

u/bandy_mcwagon Mar 04 '25

One would hope (foolishly) they’d at least be smart enough to keep income taxes low

1

u/pumpkin_spice_enema Mar 04 '25

Great I'll just stick to egg- FUCK

10

u/PandazCakez Mar 03 '25

So Jon Stewart was right? We at the Diddy party and have to pay for the baby oil.

8

u/SenoraRaton Mar 04 '25

Tariffs in and of themselves are a regressive tax. Poor people are forced to spend their money to survive, and drive consumer spending. Every penny of that is taxed from the tariffs. The rich on the other hand can hold equities, which aren't taxed and instead generate wealth. So inherently tariffs will raise costs for those who are poor, and the tax "cuts" they make will almost certainly benefit the rich.

5

u/fakieTreFlip Mar 04 '25

it's taxing with extra steps and a massive erosion of good will between the US and its (presumably former) allies

2

u/Nebbii Mar 04 '25

In theory:He wants companies in USA to isolate themselves and boost the country by themselves without over reliance in foreign exchanges.

In practice;This takes a lot of time and effort, and companies will just hold the ground for 4y until another democrat saves their asses again(after they get tons of bails out and profits by passing all the costs to consumers)

9

u/giddycocks Mar 04 '25

In theory, he's a moron. But in reality, he's a fucking idiot.

This has never worked. Stopped being a fence sitter. 

1

u/D_hallucatus Mar 03 '25

I think if someone told him that a GST is like putting a “Tariff On Everyone!!” he’d just go with that and be done with it