Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
  • 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

  • OmegaLemmy@discuss.onlineEnglish
    3·
    1 day ago

    Let’s say you’re right, does china import more from USA or does USA import more from china?

    USA generally using Chinese materials for their end products, and with trump he essentially destroyed profit for companies that don’t adjust prices, and rear ended customers that buy at newly adjusted prices

    These companies won’t stop buying from china for materials, even with tariffs it’s the most reliable chain and is still cheaper than other alternatives barring India or maybe South Korea or Japan

    But whatever, revenge is more important.