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White House: China now faces up to 245% tariff
- duxup 1y agoIt’s like a random number generator at this point. No rhyme or reason just shouting larger numbers at the clouds.
- taylodl 1y agoNone of it is based on rational policy or analysis. Hire a clown, expect a circus. Just make sure you have plenty of popcorn.
- rstuart4133 1y agoHistory doesn't repeat, it rhymes: https://theonion.com/fuck-everything-were-doing-five-blades-1819584036/ https://theonion.com/fuck-everything-were-doing-five-blades-...
- tonetheman 1y ago[dead]
- suraci 1y agoThe Chinese people are suffering from this https://news.ycombinator.com/item?id=43703166 https://news.ycombinator.com/item?id=43703166
- duxup 1y agoIt’s going to hit everyone. I’m seeing anecdotal reports from local small businesses of businesses / leads drying up, some VERY dramatically.
- mystified5016 1y agoYup, my startup is on the verge of bankruptcy due to various gov fuckups, including simply not paying for our completed contract.
- nothercastle 1y agoUncertainty is terrible for business. How does anyone make plans more than 60 days out? Even that far out is too uncertain. Many will just hunker down and go into low risk survival mode
- TheCoelacanth 1y agoHow do you make plans one hour out?
- nothercastle 1y agoIdk someone should sell insurance products for this
- fleek 1y agoThat's the whole point. Make it hurt so their government has to comply.
- ty6853 1y agoLol the Chinese government will make out like bandits. "Corrupt" party members will be paid to look the other way as import/export business forge paperwork and wash the point of origin through proxies. The tariff differential between China and proxy countries is basically a corruption bounty.
- lawn 1y agoThere's absolutely no chance that China will comply just because some of their population will hurt. They even nailed shut the doors during Covid to prevent people from going out.
- hilbert42 1y agoI'm at a compete loss to understand the rationale behind these blanket-coverage tariffs. Even if one does not agree with tariffs one can understand putting a tariff on foreign goods that one wants manufacture locally—goods of strategic importance etc. but to penalize local consumers on low-tech day-to-day items that local industry could tool up for at any time without much effort seems counterproductive. If tariffs must be implemented then they should be very carefully tailored.
- duxup 1y agoYou'd think for trade you'd start with negotiations, even if things go bad then you turn to targeted tariffs. Rather we get scatterbrained tariffs, and we piss everyone around the world off so that we have no friends in this fight... Honestly though I'm not even sure there is a strategy outside a sort of "government capture". Trump and is cronies break as much as possible regardless of ideology, and now if you want to legislate and fix it, you have to go through them and pay the bribe. Trade, etc, all through them.
- queenkjuul 1y agoIt's like 90s Russia. Break the system, let whoever pays the right bribes privatize the pieces, long term stability and the good of the economy be damned
- ashoeafoot 1y agoEvery dictarship has some incompetent nephew doing the mr.tenpercent on all imported goods. up next police checkpoints seezing money and demanding "favors" from beautiful woman . Oh and cant have a govoffice without the clueless spending a buisness day waiting for processing of some form, missing the "pay up for speed" signal .
- hilbert42 1y agoI'm not in the US so watching this play out is like watching episodes of The Three Stooges. — one's not sure whether to burst out into hysterical laughter or cry. Right, not only is most of the world pissed off but we're just gobsmacked in disbelief. We keep pinching ourselves just to check it's not some mad dream.
- neuralRiot 1y agoUSA faces 245% charges on imported goods from China. FTFY