The US president said he will introduce the extra tariff unless China withdraws its own 34% counter-tariff on American goods.
  • @xenomor@lemmy.worldEnglish
    32•9 days ago

    “If he does impose the additional 50%, US companies would pay a total rate of 104% on Chinese imports.”

    This was the bit of information I was confused about before reading this article. I was under the impression that we were already charging over 50%, and for some reason I didn’t realize that we can charge more than a 100% tariff.

    As others have already said, JFC we are cooked.

    • @imvii@lemmy.caEnglish
      3•8 days ago

      US companies would pay a total rate of 104% on Chinese imports.

      The more money people lose, the more desperate they become. This is going to get interesting. Who goes after Trump first? The ultra rich or the average working class?