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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184

u/Ticksdonthavelymph 1d ago

25 years to recover from last Great Depression. It all depends on your age whether you hold or not now

74

u/Yogurt_Up_My_Nose It's not Yogurt 1d ago

i'll be "retiring" right when it recovers? excellent.

118

u/kindasortaish 23h ago

New retirement goal unlocked: "break even"

12

u/JinkoTheMan 23h ago

New retirement goal unlocked: “Survive”

8

u/Feeding2B 21h ago

New goal unlocked: "retire"

1

u/2birbsbothstoned 1h ago

Lmaooo let's do it bois

4

u/wsbgodly123 23h ago

What does that word mean?

2

u/SeriousGoofball 20h ago

I'm 10 years away from retirement. I'll never recover.

1

u/HonorableOtter2023 2h ago

You will never make back missed gains though

1

u/Yogurt_Up_My_Nose It's not Yogurt 1h ago

i'm not gonna be missing any gains.

1

u/HonorableOtter2023 1h ago

If it takes ypu a year to recover you will have missed a years worth of gains..

1

u/Yogurt_Up_My_Nose It's not Yogurt 1h ago

no shit regard. it was a joke. you new here?

1

u/HonorableOtter2023 13m ago

I mean, sorta yeah.. :(

22

u/_Chaos_Star_ 1d ago

I love this post so much.

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u/ArmedWithBars 22h ago

The modern US would never survive another great depression. People forget that the people that went through the great depression were already use to hard times. They weren't coddled by modern western society for multiple generations then thrown into destitute poverty.

The most important fact is the US was still a manufactering economy back then, compared to a majority service economy today.

A great depression level event would vaporize the service economy and all the jobs that come with it. We are talking about unemployment rates north of 50-60%. That's a recipe for mass civil unrest, riots, looting, and the destruction of the modern US.

FEMA and government agencies can't even manage regional disasters like a hurricane, now imagine a nationwide disaster.

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u/Stock-Time-5117 21h ago

He got rid of FEMA.

Should be a clear indicator how much he cares about people.

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u/1Sundog 23h ago

7 years including dividends.

1

u/Shasan23 7h ago

And deflation