this post was submitted on 04 Apr 2025
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  • China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
  • The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
  • U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://archive.ph/ZmcZJ

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[–] udc@lemmy.world 49 points 18 hours ago (7 children)

If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?

[–] SnuffyThePunk@lemmy.world 6 points 3 hours ago

You see, when the US pisses on the rest of the world, the rest of the world gets wet - But when the rest of the world will piss on the US, the US will drown.

[–] WanderingThoughts 17 points 6 hours ago

The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.

[–] CheeseNoodle@lemmy.world 7 points 6 hours ago

So a tariff is like punching the other guy but also punching yourself, only the US is doing that to a lot of people so all the other countries get hit a few times sure but the US is beating itself black and blue.

[–] echodot@feddit.uk 6 points 6 hours ago* (last edited 6 hours ago)

The United States descends to the level of economic relevance as South Africa and the rest of the world continues as usual.

Trade tariffs can work if they are used as a scalpel, If they are applied very precisely and explicitly they kind of achieve the desired effect. Trump is just wielding them around like a mallet and is repeatedly hitting himself in the groin while everyone stands at a safe distance away and watches with mild amusement.

[–] finitebanjo@lemmy.world 24 points 15 hours ago (1 children)

Imagine everything currently produced on earth loses about a third of its efficiency/affordability and a large chunk of everything has shortages/unavailability for the next 30 years.

Now imagine with the loss of trade relationships diplomacy slowly returns to that of the dark ages and a new era of war begins.

Things we take for advantage are peace and prosperity.

[–] Fleur_@hilariouschaos.com 16 points 11 hours ago (1 children)

Umm no the rest of the world can trade with each other just fine it's just trade involving the states that will be hindered.

[–] finitebanjo@lemmy.world 3 points 10 hours ago

Yeah I misread the prompt as if everyone put up tariffs lol.

[–] UnderpantsWeevil@lemmy.world 68 points 18 hours ago* (last edited 18 hours ago) (2 children)

Look at Cuba. Now look at the US. Now look at Cuba again.

Okay, now image Cuba but without the public health care, housing, jobs programs, and mass transit.

[–] some_designer_dude@lemmy.world 24 points 15 hours ago

I don’t wanna look away from Cuba 😭

[–] Valmond@lemmy.world 0 points 7 hours ago (1 children)

In your exampke Cuba is the rest of the world, not a small backwater embargoed country.

[–] nodiratime@lemmy.world 4 points 3 hours ago

No, The US takes Cuba's place, just as in their example.

The US in the past pressured the world to embargo Cuba, now the US is forcing the hand of the rest of the world to work without it. Different causes, similar-lish effects.

[–] aceshigh@lemmy.world 17 points 18 hours ago (2 children)

Death to folks who can’t afford to have their basic needs met.

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[–] Wilco@lemm.ee 58 points 20 hours ago (4 children)

Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.

[–] LeninOnAPrayer@lemm.ee 6 points 5 hours ago

Can we please this time support the Communist and Socialist organizations that did armed protest in order to get those actual results? Can we please please learn from history and not allow the capitalist to continue to control the means of production? Because in another 100 years we'll be in the exact same place with the ruling class trying to destroy the social safetynets that only served as temporary measures.

We need a real systemic change in who deciding how the economy is run and who's interest it is meant to serve.

How long will we keep pretending a bunch of 20-30 year old white dudes in the 1700s had the best idea of how to run things?

[–] some_designer_dude@lemmy.world 26 points 15 hours ago (1 children)

They could drop all tariffs tonight, but the inertia of new trade deals being made to circumvent the US is pretty strong. It will keep strengthening while the US rots on the vine because they’ve been geopolitically exiled for having revealed themselves to be governmentally retarded.

[–] Valmond@lemmy.world 4 points 6 hours ago

Especially in everything related to security, like army, navy, space. If we can't trust the USA when we need to use the weapons we bought, what's the use buying them in the first place.

This is really shooting thyself in the foot, you can't just walk back from that disaster.

[–] madcaesar@lemmy.world 54 points 18 hours ago (1 children)

60 years ago there was no fox news and social media. These morons will forget in 2 months let alone 2 or 4 years.

The American electorate dumber than a bag of rocks

[–] CanadaPlus@lemmy.sdf.org 12 points 18 hours ago* (last edited 18 hours ago) (1 children)

Talk to really old people sometime, we haven't gotten dumber. Maybe more tolerant of dumbness.

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[–] CanadaPlus@lemmy.sdf.org 12 points 18 hours ago

I mean, you'd need a fair election to ever happen again for that.

[–] Suoko@feddit.it 21 points 19 hours ago (3 children)

Who's gonna benefit from all this extra taxes? Public services will sky rocket in 2025!

[–] sik0fewl@lemmy.ca 5 points 11 hours ago

People with lots of money to buy low.

[–] Zacryon@feddit.org 23 points 16 hours ago* (last edited 16 hours ago) (2 children)

It will be used to bail out companies, who struggle to financially survive. The money will go to the higher managements though.

[–] Valmond@lemmy.world 1 points 6 hours ago

So government controlled companies.

...

[–] dovah@lemmy.world 12 points 16 hours ago (1 children)
[–] Baguette@lemm.ee 7 points 13 hours ago

The change is that companies will use this to commence the massive layoffs once again citing hard financial times but still pay the execs the same big bucks

[–] UnderpantsWeevil@lemmy.world 12 points 18 hours ago* (last edited 18 hours ago) (1 children)

Public services will sky rocket in 2025!

Elon Musk laughing

No they won't.

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[–] Buffalox@lemmy.world 199 points 1 day ago (53 children)

With USA committing political and economic suicide, the road is now clear for China to become the world dominating power.
I just hope they will take a graceful approach to their role, when nobody is in a position to oppose them.

[–] jumjummy@lemmy.world 23 points 20 hours ago (4 children)

Not a chance. China’s massive xenophobic approach to anyone non-Han Chinese will severely limit their potential.

Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.

[–] zephyreks@lemmy.ca 7 points 13 hours ago (1 children)

Better to be a Black guy in China than a Black guy in the US.

Depends...

I would say: Blue Jurisdiction in the US > Tier 1 City in China (Beijing, Guangzhou, Shenzhen, Shanghai) > Red Jurisdiction in the US.

But then you also have to factor in the reach of the government. You can't criticize the Central Government of China, likewise, nowadays, you cannot criticize the Federal Government of the US. (Also, don't have tattoos, authoritarians hate it)

Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.

Only applies to "Liberal" cities. A conservative town in the US could potentially be worse than a Tier 1 City in China.

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[–] ms_lane@lemmy.world 120 points 1 day ago (4 children)

Xi got China to #1 world superpower 24 years early!

Without a war.

Congratulations China.

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