Well, that didn’t take long. Mere hours after China announced it would raise tariffs on good imported from the US from 34% to 84%, United States president Donald Trump has hit back by slapping China with an additional 21% tariff.
With this, the total tariff imposed on China by the US is now 125%. Trump took to Truth Social to make the announcement. “Based on the lack of respect that China has shown to the world’s markets, I am hereby raising the tariff charged to China by the United States of America to 125%, effective immediately,” he said in a post on his social media site.
Trump also said more than 75 countries have called US representatives to negotiate tariffs and have not “retaliated in any way, shape or form against the United States.” As a result, Trump has postponed the individualised tariffs that these countries are subject to for 90 days, although they are still being imposed with the 10% baseline tariff as well as a 25% tax on aluminium, steel and cars during the pause.
If you need a recap of the tariff saga, it all began in February this year when Trump announced tariffs of 25% on Canada and Mexico, while China would face a 10% tax. China would respond by imposing its on tariffs on various US-made goods, including agricultural machinery, large-displacements cars as well as pick-up trucks the same month.
These tariffs came into effect on March 4, at which point Trump said the tariff on Chinese imports would be hiked to 20%. Next came a 25% tariff on imported cars that was announced on March 27 and went live on April 3, with the same rate set to apply to car parts later on May 3.
Following this, Trump announced, on April 2 (dubbed ‘Liberation Day), a series of “reciprocal tariffs” that included a baseline 10% on all countries, while individualised rates would apply to countries deemed as the “worst offenders.” China was subject to an additional 34%, which brought the total tariff charged by the US to 54% at this point.
In retaliation, China imposed a 34% on US imports on April 4, after which Trump threatened to tack on an additional 50% against China for a total of 104%, which has already gone into effect as of April 9. On the same day, China said it is increasing its tariff on the US from 34% to 84%, effective April 10. With the latest development, Trump is adding another 21%, bringing the total tariff imposed on China to 125%.
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Yay so some gets to go to USA for free and then now we should celebrate all our tariff same as Singapore yay but there goes to all our neighbors too which was higher.
We will buy more from CCP
China ship us cheaper cars
Subsidize more discount pls
Just buy more of our palm
Any deficits our Govt will loan
more to sustain buying from ya
So in future all countries have to listen to US and afraid of their tariff? It seems the US tariff has zero sustainability and. Trump happy today withdraw 20% and suddenly slamp 50% the next day. Who gonna dare to do business with US. The product delivery will take weeks and during the weeks before the item deliver the tariff goes like down 20%, up 50%, down again 10% and up again bla bla bla. Based on Trump’s idea, all businessman who do business with US need not to have plan. All they need is LUCK when the item arrive to US.
Trump want all manufacturers setting up manufacturing plan in US. Daytime do get drunk okay. US manpower salary is few times higher than China workers. Yet US unable to bring down the cost due to poor supply chain compare to China who has the most mature supply chain system to bring down the cost. Iphone 16 Prox Max now is USD 1,599 and if produce in US the price at least USD 2,300 or some analysts predict may up to USD 3000.
If you don’t want tariff, don’t impose tariff on others. Simple as that. First you impose tariff, when people impose reciprocal tariff, you cry father cry mother.
Start a portal brader
wasting time increase tariff bit by bit…. want to fight, 1 time increase it by 1000 folds or directly sanction the country lah,
to survive this war. dont take sides.
But v still can take jagung & fries or salad as sides..
Are v going to get very cheap BYD, JAECOO, CHERRY…. soon?
just wait until their petrol price skyrocket due to imported crude….ekekekekekekkekekeke
Luckily didnt buy Tesla..lol
I have a feeling US needs China products, more than Chinese needs American products.
Berita Baik
Berita Baik