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/Halbaras Mar 03 '25

He genuinely doesn't understand that trade can be mutually beneficial, he thinks somebody always has to 'lose'.

They also genuinely don't understand how tariffs work, and are simultaneously floating the idea of putting up tariffs to strengthen their own industries (*cough* reduce international trade) and seem to think they can replace income tax with tariffs which will decrease in revenue every year if they actually work.

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u/Bo-zard Mar 04 '25

He doesn't seem to understand that the trade imbalance with Canada and Mexico are due to the trade deal he negotiated.

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u/Tylanthia Mar 04 '25

He genuinely doesn't understand that trade can be mutually beneficial, he thinks somebody always has to 'lose'.

If you've never won at a trade before, you might come to that conclusion.