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/BINGODINGODONG Mar 03 '25

Its not just negative. Its supa negative. And with debt accelerating cus of tax cuts. This gonna be a wild ride until Donnie finds out tariffs are paid by US companies

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u/M_from_Vegas Mar 03 '25

That's the neat part.

Donnie doesn't care. He said he was going to place tariffs from the get-go.

The only ones who will benefit are those who get to sweep in and buy on the cheap for the next four years. Just check who he keeps in close company.

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u/PHK_JaySteel Mar 03 '25

He can also selectively lift tariffs from specific companies. Now, with bribery being legalized again, you only need to pay coin to the regime and continue business unimpeded while your competition drowns.

I imagine this was always the intention of the tariffs. It's just another grift with these people.

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u/signalflo4 Mar 03 '25

Yup. By lifting the rules on anti money laundering and doing away with shell company owner verification, nearly nothing is stopping the rich from damn near wiring money to an account in exchange for getting on the exempt list

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u/Fast-Noise4003 Mar 04 '25

doing away with shell company owner verification

Wait, they repealed the new beneficial ownership reporting rules?

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u/signalflo4 Mar 04 '25

For US owned companies, yes. And now you can buy a gold US citizenship card for 5,000,000.