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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[–] Buffalox@lemmy.world 220 points 1 week ago (58 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.

[–] ms_lane@lemmy.world 132 points 1 week ago (3 children)

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

Without a war.

Congratulations China.

[–] homesweethomeMrL@lemmy.world 31 points 1 week ago (1 children)

Props to Pooty-poot for the assist

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[–] angrystego@lemmy.world 18 points 1 week ago

Xi? You misspelled Trump. Congratulations to China anyway.

[–] jumjummy@lemmy.world 37 points 1 week ago (6 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.

[–] Buffalox@lemmy.world 11 points 1 week ago (1 children)

Their potential is already proven. Xenophobe or not.

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[–] Wilco@lemm.ee 76 points 1 week 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.

[–] madcaesar@lemmy.world 66 points 1 week ago (3 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 13 points 1 week ago* (last edited 1 week ago) (2 children)

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

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[–] some_designer_dude@lemmy.world 40 points 1 week ago (2 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.

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[–] LeninOnAPrayer@lemm.ee 19 points 1 week ago (6 children)

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?

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[–] CanadaPlus@lemmy.sdf.org 14 points 1 week ago

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

[–] TheBat@lemmy.world 70 points 1 week ago (5 children)

Is Orange Turd going to complain how unfair this is?

[–] jballs@sh.itjust.works 70 points 1 week ago (3 children)

This was his response. Very sane. Very calm. Not at all unhinged.

.../s

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[–] chaosCruiser@futurology.today 18 points 1 week ago* (last edited 4 days ago) (5 children)

Now that USA will spiral down to deep depression, it’s going to be much easier to get the people behind whatever plan comes next.

So, how about you build a new empire, invade neighboring countries, commit war crimes left and right, and start exterminating people who don’t fit your arbitrary criteria. Germany did that and everything worked out perfectly.

Oh, wait…

Well anyway. I’m out of ideas.

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[–] atzanteol@sh.itjust.works 15 points 1 week ago

Not only that but he's going to act like it's an amazing surprise that came out of nowhere.

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[–] udc@lemmy.world 64 points 1 week ago (8 children)

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

[–] UnderpantsWeevil@lemmy.world 82 points 1 week ago* (last edited 1 week ago) (3 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 30 points 1 week ago

I don’t wanna look away from Cuba 😭

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[–] WanderingThoughts@europe.pub 52 points 1 week ago (1 children)

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.

[–] merc@sh.itjust.works 12 points 1 week ago

I hope one of the first things to change is the ridiculous Intellectual Property laws the US forced on the rest of the world. Those laws benefit the US at the expense of everyone else.

[–] SnuffyThePunk@lemmy.world 41 points 1 week 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.

[–] finitebanjo@lemmy.world 28 points 1 week 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 21 points 1 week 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.

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[–] CheeseNoodle@lemmy.world 19 points 1 week ago (3 children)

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.

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[–] aceshigh@lemmy.world 17 points 1 week ago (2 children)

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

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[–] echodot@feddit.uk 11 points 1 week ago* (last edited 1 week ago) (1 children)

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.

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[–] ProfAel@feddit.org 42 points 1 week ago
[–] puppinstuff@lemmy.ca 41 points 1 week ago (3 children)

So now the US will have to watch out for Switch 2s and iPhone 17s beings smuggled in at the Canadian border along with the eggs.

[–] nolannice@lemmy.world 16 points 1 week ago

Nintendo has already delayed preorders...

[–] MeatsOfRage@lemmy.world 12 points 1 week ago

with the eggs

Both regular and Kinder

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[–] Lanske@lemmy.world 37 points 1 week ago

The Yanks are making enemies everywhere! Except Russia that is...

[–] TheReturnOfPEB@reddthat.com 25 points 1 week ago (4 children)

jokes on them ... how they gonna tariff empty shipping containers ?

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[–] Suoko@feddit.it 22 points 1 week ago (4 children)

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

[–] Zacryon@feddit.org 27 points 1 week ago* (last edited 1 week 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.

[–] dovah@lemmy.world 16 points 1 week ago (1 children)
[–] Baguette@lemm.ee 11 points 1 week 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

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[–] UnderpantsWeevil@lemmy.world 13 points 1 week ago* (last edited 1 week ago) (1 children)

Public services will sky rocket in 2025!

Elon Musk laughing

No they won't.

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