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Global market turmoil continues as Donald Trump threatens additional 50% tariffs on China (www.france24.com)

submitted 1 month ago by newsBot@metawire.eu to c/France24@metawire.eu

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Global stocks continued to tumble for a third straight session, with Europe's main market indexes losing more than 4% for the day. Taking to social media, Donald Trump called for patience saying "don't be a stupid". In a separate post, the US president threatened to impose additional 50% tariffs on Chinese imports if Beijing didn't withdraw its retaliatory measures.

Creator: Yuka ROYER Publish Date: 07.04.2025, 20:12 Categories: Business

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[–] givesomefucks@lemmy.world 3 points 1 month ago (1 children)

Started at 20%...

He added 34%...

If he adds 50% on top, that's over 100% tarrifs, fucking insane. If you buy a $1000 iPhone, you pay trump more than $1000 for the privilege.

[–] Chip_Rat@lemmy.world 1 points 1 month ago (1 children)

Well than Apple should just open up a phone factory in Ohio, hire minimum wage TFW employees and start making iPhone! Shouldn't take more than a week or two, just trust Trump you have to trust him he has been thinking about this for 30 years and now you have to trust him he is so smart.

[–] givesomefucks@lemmy.world 2 points 1 month ago

I saw a clip of a trump official literally saying they want to bring the specific job of screwing iPhones together over to America instead of it being done for $2 a day overseas...

Even if the tarrifs "work" and gets those jobs, it's still going to drastically increase prices, because Apple isn't going to let profits dip.

There's zero ways America wins this one.