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

  • Wilco@lemm.eeEnglish
    67·
    1 day ago

    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.eeEnglish
      152·
      10 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?

      • Eheran@lemmy.worldEnglish
        11·
        21 minutes ago

        Because the examples where the capitalist were not in control anymore were so good for the average worker?

        Replacing a system that fails in one country but essentially nowhere else on the planet, despite being dominant, with a system that failed every single time is not exactly reasonable.

        • LeninOnAPrayer@lemm.eeEnglish
          1·
          6 minutes ago

          Yeah. I guess we should go back to Monarchy by that logic. Seems to be a very strong system that was strong for centuries and centuries. I guess when the first revolutions against monarchs failed people should have just given up and not tried to improve upon existing systems.

          Your argument is literally just in favor of keeping the existing hierarchy because it is the one that exists now. That’s literally all you’re saying.

          Zzzzzzz. Get better arguments.

    • some_designer_dude@lemmy.worldEnglish
      361·
      20 hours ago

      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.

      • kent_eh@lemmy.caEnglish
        5·
        3 hours ago

        It’s well understood by business people (at least by competent ones) that if you do something that makes your customer leave, they dont come back.

      • Valmond@lemmy.worldEnglish
        7·
        12 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.worldEnglish
      592·
      23 hours ago

      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