r/wallstreetbets • u/s1n0d3utscht3k • 1d ago

News China Imposes 34% Tariffs on All US Imports

https://www.bloomberg.com/news/articles/2025-04-04/china-imposes-34-tariffs-on-all-us-imports-as-retaliation

China will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency.

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u/aZnRice88 1d ago

You mean to tell me there are only escalations from here on out???????

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u/DreadPiratePete 1d ago

After the EU is done you wont even be allowed to call it sparkling wine.

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u/AenarIT 1d ago

especially because the EU is slow to move, but when it does it slaps. A response will take time, but it will arrive

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u/ZapruderFilmBuff 21h ago

That is how it looks like if you think how it will effect your population the least and USA (especially the red states) the most. I heard on Times Radio that they are putting together a list of individual companies and products to tariff to maximize the pain to red states.

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u/flossyokeefe 17h ago

That is awesome

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u/[deleted] 11h ago

I just wish I wasn’t stuck in Tennessee and too broke to leave. I hate being collateral damage to my neighbors idiocy

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u/flossyokeefe 11h ago

Yeah, we’re all collateral damage now. It’s just a matter of when and how much.

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u/GolfVol 9h ago

“Stuck in Tennessee” posts all the time about weed addiction

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u/[deleted] 9h ago

Brother the last post I have about doing drugs was over 2 years ago when I was in college

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u/GolfVol 9h ago

Are you saying none of that impacted your financial situation any ?

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u/[deleted] 16h ago

[deleted]

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u/sccarrierhasarrived 15h ago

You'll be getting a lot more blue komrades soon kommadant

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u/bonzotegotypubenc 14h ago

It always works this way, and you have Trump to thank for it. As the person above wrote, Europe works slowly and thoughtfully, while your Mango throws random numbers at everything and everyone, and then fuck it lets play golf. As they say, the danger in a country is when it’s ruled by an idiot who thinks he’s smart.

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u/ihambrecht 11h ago

They ain’t doing shit. We’re their biggest customer.

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u/christoffer5700 9h ago

Wanna bet?

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u/bonzotegotypubenc 5h ago

He’s biggest customer in psychiatric hospital xD

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u/GraphicDesignerMom 11h ago

We did that in Canada, then we just took all the American liquor off to boot

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u/Dont_shoot_3242 7h ago

Yeah i get all my liquor from Kentucky anyway

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u/PolemicFox 7h ago

Why don't they just use the trade deficit, much faster

/s

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u/telerabbit9000 2h ago

Europe, I could not love you more.

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u/GandalfTheUnwise 21h ago

That would be illegal. What EU will do is write very specific guidelines which areas should be targeted to affect only those said companies. "Social media apps that are owned by billionaires who are connected to U.S. president's office and support far left movements in the EU will face sanctions"

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u/Flintshear 20h ago

That would be illegal.

Targeted sanctions are not illegal, what makes you say that?

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u/GandalfTheUnwise 19h ago

WTO rules. You can't slap tarrifs on a single company, you have to apply this to the whole country

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u/Maleficent-2023 19h ago

Isn’t US quitting WTO?

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u/asinens 19h ago

They can't explicitly target a single company, but they can create a very specific rule to apply to a whole country that effectively only targets a narrow band of particular companies within the country.

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u/GandalfTheUnwise 19h ago

Exactly my point above

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u/After-Imagination-96 18h ago

Maybe you don't know this but US states, particularly red ones, tend to have only a small handful of industries (if that many) that generate the bulk of their revenue. Tariffs on Bourbon or Oranges for example.

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u/Sad_Lettuce_7486 17h ago

Yah but your point is moot because there is a simple legal way around it. So yes they will target specifically target certain specific categories and not outright target a company. But effectively they can and will target specific companies just in a roundabout way. There’s always a way around. Totally legal, totally justified. But won’t stop drump from screeching illegal and doing his little hand motion.👐🏻

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u/novlsn 17h ago

This changes nothing, put tariffs on social media apps und you have 99% USA punishment lol

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u/Kulas30 14h ago

Thought the US was leaving the WTO which means yes single companies can get slapped

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u/StoreImportant5685 16h ago

It isn't rocket science to hit republican areas. You just target agricultural imports and their derived products.It has the added advantage of being easy to replace and isn't a major input to European businesses. People are really overthinking the red state tariff narrative. The things with the least impact also happen to be from republican areas, because those are economically less developed.

The last time they also got a bit creative by also tariffing Levi's (CA: Pelosi, senate dem leader), Harley Davidson (WI: Ryan, rep House Speaker) and bourbon (KY: McConnell senate rep leader) in the hopes they could apply some pressure. We'll see what they come up with this time.

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u/Hillary4SupremeRuler 8h ago

Pelosi was the Democratic Speaker of the House from january 2019- January 2021 of 45's first term.

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u/StoreImportant5685 3h ago

But she was the opposition leader during Trumps term.

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u/onpg 19h ago

The tariffs the USA is doing are illegal and breaking all kinds of trade agreements, what is your point?

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u/GandalfTheUnwise 19h ago

That EU is not US and will find a legal way to punch back

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u/onpg 15h ago

Nothing illegal about targeting red states.

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u/SwingNinja 19h ago

How's that illegal? Canada is doing it right now with whiskey. It won't be a surgical precision. But the red states would be hurt the most.

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u/MikhailBakugan 13h ago

Canada banned all American liquor but the ban disproportionally effects red states

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u/RockinMadRiot 19h ago

There's always away around any law

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u/Excellent_Routine589 18h ago

I mean yeah, takes a bit to get multiple sovereignties on the same page.

Hate it or love it, the CCP has the benefit of being able to shift the priorities of 1.2b people at a moment’s notice, which that is actually a crazy as fuck power that most people don’t truly understand.

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u/Irr3sponsibl3 1h ago

Easy to unite people when you threaten their money

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u/DefiantMouse2587 17h ago

I really like how you wrote this down, spot on!

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u/OvenFearless 14h ago

All of this bullshit just for the poorest ones to get even more hungry it really is just a sad pathetic world sometimes. Just sad man.

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u/MotorCurrent1578 6h ago

They suffer because we don't tax the billionaires.

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u/bonzotegotypubenc 12h ago

And as Poland, we buy much more from you than we sell, and even Trump didn’t realize that we would snap and Germany would drag us down even further, although it’s probably obvious which side we are more aligned with. Trump could have shown us some respect and not interfere because the Russians are starting to cause trouble in a drunken frenzy, and even though we bought some equipment from you, I’m starting to worry if there will be anything to load into it. You all are starting to bother us and meddle in your affairs, and our only interest is to punch the drunkard in the face as soon as he gets close.

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u/BigDaddyReptar 16h ago

Love that in 3 months we went from great allies better than ever nearly to the Eu almost certainly having a meeting with the direct purpose of discussing. "How do we harm the US economy as much as possible before tanking ours"

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u/donkeycheez 7h ago

The EUs average GDP is like the GDP of Wyoming. Yall are embarrassing

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u/greenskinmarch 7h ago

Those are backward looking statistics though.

Let's see how US GDP looks after a few years of Trumpcession.

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u/Fearless_Cucumber_56 23h ago

Ha, jokes on you if you think any Americans could even afford sparkling wine after the EU is done. Lol. 

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u/MorningToast 23h ago

It's seems so bonkers fully unifying the EU against yourself when history clearly says you should not. There's probably a big red line in bold text in the presidential manual that says something along these lines.

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u/abiona15 21h ago

As a European I must say, thats the one single good thing coming out of this whole bullshit. Europe made it self too realiable on the rest of the world. We didnt really learn this lesson during Covid. Now tanking the economy though... thats sth we didnt really need

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u/fumar 19h ago

Trump is the grand unifier. He just unifies everyone else against the US.

China-Korea-Japan? Check

Canada? Check

EU? Check

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u/BleepBopBoop43 8h ago

I doff my hat to your language skills (meaning I find them genuinely very impressive)- but may I point out that the word ‘reliant’ is probably the one you want, going forwards. 🙏

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u/jackfirecracker 21h ago

If there was a literal manual Trump wouldn’t have the reading level or attention span for any of it. Dude probably plays iPhone games while being read briefings

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u/Flintshear 20h ago

His staff have said many times that he won't pay attention to any briefing that doesn't have lots of pictures and statements to boost his ego.

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u/protipnumerouno 19h ago

What's bonkers to me is all these rich people don't see that the US is rich because of international trade.

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u/Revelati123 21h ago

He's not really an eager reader...

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u/sleal 21h ago

Bold of you to think our orange overlord can read let alone be bothered to actually open it

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u/pcoutcast 19h ago

The UK survived and thrived for centuries by working very hard to prevent unification of the Continent for exactly that reason.

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u/VilltraAnime 19h ago

the dumbest thing is that the EU following Russia's invasion was ride or die with USA. Trump turned his ally into an enemy, and not just in the EU. Same with Japan and Canada.

so infantile, pointless. they are using 1700's economics and think it makes sense

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u/whatsgoing_on 19h ago

Yeah, it’s right next to the other classic blunder: “never start a land war in Asia”

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u/Yazwho 18h ago

I find it really interesting that the US for decades has tried to stop Eurpean unfication especially in defence, using the UK as a proxy for their agument.

Brexit of course weakened that plan. But now all of that could be wiped away in litterally a handful of months.

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u/Yazwho 18h ago

I find it really interesting that the US for decades has tried to stop Eurpean unfication especially in defence, using the UK as a proxy for their agument.

Brexit of course weakened that plan. But now all of that could be wiped away in litterally a handful of months.

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u/gnnr25 20h ago

Won't be able to afford sparkling water

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u/plottingyourdemise 23h ago

🤣

We gonna have to drown our sorrows with the shittiest Californian bubble grape juice 🧃

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u/murkywaters-- 23h ago

Sparkling bourbon. $1/gallon

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u/DreadPiratePete 22h ago

I am being told we can't call it that unless it was hand tapped by a member of the Royal House d'Bourbon.

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u/BeBearAwareOK 20h ago

Best I can do is malt liquor with "edible" glitter in it.

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u/wellzor 21h ago

Its not a trade war in the EU. They call it sparkling sanctions.

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u/PinkCormano 5h ago

This should be on history books

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u/_Ivan_Karamazov_ 1d ago

I'm awaiting a 15k tax refund, I'm all here for that

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u/ghandi3737 19h ago

We'll call it freedom juice.

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u/tmac022480 21h ago

You can only call it sparkling wine if it comes from the sparkling wine region of France.

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u/knx0305 23h ago

with those non detachable caps and all.

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u/asetniop 21h ago

I'll call my dumpster pruno whatever I like thank you very much.

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u/soareyousaying 🎲🎲 20h ago

We are no longer allowed to call it champagne. It is now called napa.

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u/iconofsin_ 19h ago

We won't be able to call them french fries :(

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u/88xeeetard 15h ago

Fizzy alcoholic fermented grape juice?

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u/Craft-Sudden 14h ago

"Bubbly alcohol”

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u/donkeycheez 7h ago

The EU is a joke

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u/ip2k 7h ago

Everything I lost this week in my post-tax portfolio I can make up on my wine collection now 🥴

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u/lurked 23h ago

But white house secretary of the treasury asked really politely yesterday, for other countries to wait and see how it goes before imposing counter-tariffs, because then it would lead to escalations!

The US starting a trade war with the whole world (except Putin and friends, ofc) and then asking not to retaliate because it would lead to escalations, is... I would say short-sighted, but no.

It really is the Art of the Deal.

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u/Total-Beyond1234 1d ago

France discussed stopping all foreign investment into the US.

China stopped all foreign investment into the US.

Tourism from Canada dropped I believe 85%.

The EU's rearming efforts exclude US companies from the process, when the US used to be its biggest supplier.

Etc.

It can and will get worse.

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u/Jiktten 19h ago

The EU's rearming efforts exclude US companies from the process, when the US used to be its biggest supplier.

Honestly I'm surprised this one at least hasn't had bigger consequences for the leadership. From over on this side of the pond my understanding was that if there's one thing you do not fuck with in the US it's the MIC. But I guess there's probably a lot going on behind closed doors we don't know about.

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u/ShitOnFascists 19h ago

The MIC may be powerful, but it needs materials Nad people to function, it's more likely that many defense companies are thinking of creating new companies inside the EU to participate in the rearming effort rather than making them hostile on principle

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u/Pinejay1527 19h ago

Man I missed the boat on Rhinemetall and the Czech ammo industry. Shit's going to (continue to) go straight to the moon to fill the gap left by the US industry.

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u/No_Mercy_4_Potatoes 1d ago

Get your lube ready. Or else it'll be a very rough ride

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u/_FATEBRINGER_ 12h ago

There is no kink shaming on this sub. Reported

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u/Bocasun 20h ago

Short answer: Unfortunately most likely yes. Examine prior tariff wars.

The 1828 Tariff of Abominations https://en.m.wikipedia.org/wiki/Tariff_of_Abominations

1930 Smoot Hawley Tariff Act. ".. Overall, world trade decreased by some 66% between 1929 and 1934. " https://en.m.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act

Fast forward another hundred years, the 2025 Tariffs.

It might help to see the historical tariffs graphically. As of this moment, the current Tarrifs announced haven't been seen in a hundred years. https://www.statista.com/chart/amp/34236/average-effective-tariff-rate-on-us-imports/

Once a Tariff war is started, it can create a chain reaction of retailatory tariffs with a result of a potential economic contraction, if lasting at least 2 quarters, economic recession. Economic depression is generally categorized as a sharp GDP decline, high unemployment, and widespread hardship lasting years. It can be challenging to reverse an economic trade war kicked off by a Tariff war once started.

Now this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning. - Winston Churchill.

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u/Bocasun 20h ago

Ferris Bueller's Day Off. Smoot Hawley Tariff Act. The illustration of how American students were NOT PAYING ATTENTION in the 1980's. https://youtu.be/X_wHBlouFSc?si=svyxgZp1XKZzaL8v

We're all going to get a cold serving of Economics and History in real time.

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u/Least-Back-2666 1d ago

Begun, the trade wars have

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u/Careful-State-854 1d ago

Buy as much clothes as you can, a few months from now a pajama will cost 250$ and that is second hand 😀

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u/nomeansnocatch22 20h ago

Merry piss has a ring to it.

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u/kuldan5853 19h ago

The Trade War has not even started in earnest..

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u/Intelligent_Jelly_26 15h ago

Yes also known as trade boners

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u/QuizzicalSquid7 12h ago

Yes. Forget about any green for the next two years, the world is cooked. The pain being from the U.K. is watching some dickhead blow up my portfolio on a meagre bet that it’ll improve the US economy. I’m doubtful

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u/Stahl_Scharnhorst 🐱 meow meow meow meow meow 🐱 11h ago

I'm here to inform you the steaks have risen.

Sizzling noises

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u/Weary-Heart-3232 11h ago

always have been.

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u/Ragnarawr 9h ago

In the game of chess you can never let your adversary see your pieces