China has announced new tariffs of 84% on the US, in a response to Donald Trump’s trade war that will raise fears of further escalation.The Chinese ministry of finance said it will impose 84% tariffs on US goods from Thursday, up from the 34% previously announced, according to Reuters.
(www.axios.com)
🤜 FIGHT! FIGHT! FIGHT! 🤛
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I've wanted to decouple our supply chains and reliance on China for a very long time.
The fact that China is retaliating after getting called out for ripping us off for decades puts the blame on China.
That makes this all the better.
With AI and technology the world is less reliant on cheap slave labor, which is the only thing China offered. "Those" workers are being replaced anyway by tech. Might as well use technology here. If we still need cheap labor, there is plenty of it in Mexico and making their economy stronger is better for our immigration policy - they will want to stay there for the good jobs rather than invading our country looking for work.
And here is the thing, making things in China simply isn't "cheap" anymore. Has anyone seen the price of a pair of Nikes or a Nike track suit lately? Those two things could set you back $400 to $500. It's absurd! All made in Chyna!
F the CCP.
I would put the blame on the so-called Americans who sold their souls for a few pieces of silver that their CCP overlords dangled in front of them.
I believe the word is GREED.
The retail cost of goods isn't a good sign of how much it costs to produce. All the middle men get their cut of value, plus there's demand that is setting the retail price.
I generally agree with you, except to point out that the tariffs placed on Mexico don’t make sense if this is the thinking.
I think the current tariffs on Mexico, and the rest of the world for that matter, was a way to show that the tariffs were not singling anyone out, namely China.
China way overplayed their hand.
With the breaking news that Trump has paused all tariffs for 90 days, EXCEPT for CHYNA, I think the play all along was to set a trap for China to walk into and they jumped right in.
China is the mortal enemy of US. More than any other nation by far.
China played the largest role of all with the Covid Plandemic, and their control of the WHO, and their infiltration of American decision makers.
Trump knows this.
The economic war we are in with Chinahas been decades in the making. I personally believe that Chinapalyed an outsized role in the vocid hysteria, election theft, and the continued gutting of our economy, in addition to their flooding our nation with fentanyl.
We are in a battle royale with China and I expect many more layers to this. I will not be surprised at all if China makes a move on Taiwan as a counter measure.