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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u/GroupKooky Mar 03 '25

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

255

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

397

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

60

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.

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