• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

China slaps retaliatory tariffs of 84% on U.S. goods in response to Trump

Allan

Allan

DP Veteran
Joined
Sep 30, 2019
Messages
50,221
Reaction score
73,712
Gender
Male
Political Leaning
Liberal
Shit just got real folks. This could shut down economies.

China has pushed back once again to U.S. President Donald Trump's tariff policies by hiking its levies on U.S. imports to more than 80%.

China's Office of the Tariff Commission of the State Council said tariffs on U.S. goods will rise to 84% from 34% starting on April 10, according to a translation of the announcement. This comes after the latest U.S. tariff hike — which brings levies on Chinese goods to more than 100% — took effect at the start of April 9.
Click to expand...

 
Allan said:
Shit just got real folks. This could shut down economies.



Click to expand...
I avoid Walmart, haven't been inside one in years, before I got married I went for years without buying anything made in China. It wasn't always easy to find an alternative that wasn't made in China. I say this because Walmart won't survive this. I won't miss them but that's tons of working people who aren't going to have a job.
 
soap box said:
I avoid Walmart, haven't been inside one in years, before I got married I went for years without buying anything made in China. It wasn't always easy to find an alternative that wasn't made in China. I say this because Walmart won't survive this. I won't miss them but that's tons of working people who aren't going to have a job.
Click to expand...
I don’t think the MAGA base has given much thought to the ramifications these trade wars are going to have in their local communities.

It can quickly become a chain reaction.
 
BirdinHand said:
I don’t think the MAGA base has given much thought to the ramifications these trade wars are going to have in their local communities.
Click to expand...
People of Wal-Mart (remember that site?) = basically MAGA
 
soap box said:
I avoid Walmart, haven't been inside one in years, before I got married I went for years without buying anything made in China. It wasn't always easy to find an alternative that wasn't made in China. I say this because Walmart won't survive this. I won't miss them but that's tons of working people who aren't going to have a job.
Click to expand...
Wal-Mart's supply chain just got trashed. Even during the Covid recession they didn't have to deal with that.
 
Airyaman said:
People of Wal-Mart (remember that site) = basically MAGA
Click to expand...
I deplore Walmart and have been screaming about Walmart from the rooftops for years.

But, Walmart has decimated local economies and become the “only game in town” in many of them.

Walmart falls and a lot of those red areas will be economically crushed. They don’t have anything else to fall back on.


Walmart is one of the single largest employers in the US. And, those jobs are located in some of our most economically depressed areas.
 
BirdinHand said:
I don’t think the MAGA base has given much thought to the ramifications these trade wars are going to have in their local communities.

It can quickly become a chain reaction.
Click to expand...

One example of the impact farmers are feeling...

Last month, Nicholas Gilbert received a delivery of grain for the 1,400 cows he tends at his dairy farm in Potsdam, New York, 20 miles from the Ontario border. The feed came with a surprise tariff of $2,200 tacked on. “We have small margins,” he told me. “I had a contracted price on that grain delivered to my barn. It was supposed to be so much per ton. And they added that tariff right on top because it comes from a Canadian feed lot.
Click to expand...

www.theatlantic.com

Here Are the Places Where the Recession Has Already Begun

Towns near the Canadian border are suffering.
www.theatlantic.com www.theatlantic.com
 
soap box said:
I avoid Walmart, haven't been inside one in years, before I got married I went for years without buying anything made in China. It wasn't always easy to find an alternative that wasn't made in China. I say this because Walmart won't survive this. I won't miss them but that's tons of working people who aren't going to have a job.
Click to expand...
All I can say is, between the exchange rate and tarriffs what a boost to cross border shopping ! There are one hell of a lot of Americans who can only afford Walmart, Target and Dollar stores.
 
Allan said:
Dow futures are -741. Play stupid games...
Click to expand...
What hurts the portion of my heart that’s still capable of sympathy for the idiots caught up in the MAGA cult - is that it didn’t have to be this way.
 
It's literally like dumbass MAGA voters don't know that you can sit down and have adult negotiations with other nations about tons of stuff (trade, intelligence, technology, health, etc).

Nope, they think attacking is the only thing that works when, in truth, attacking gets you the OPPOSITE result that you want LONG TERM. And it's because the people you attack get emotional and creative and pissed and find any way they can to bend you over even when you don't know they're doing it.
 
BirdinHand said:
I deplore Walmart and have been screaming about Walmart from the rooftops for years.

But, Walmart has decimated local economies and become the “only game in town” in many of them.

Walmart falls and a lot of those red areas will be economically crushed. They don’t have anything else to fall back on.

Walmart is one of the single largest employers in the US. And, those jobs are located in some of our most economically depressed areas.
Click to expand...

Yet when a Walmart closes, everyone is upset about it:

 
Allan said:
Shit just got real folks. This could shut down economies.
Click to expand...
It will shut down the Chinese economy...or Xi will be ousted.

This is what it's all about with respect to China...

 
BirdinHand said:
Good for them.

Never thought I’d find myself cheering for China…but here we are.


Trump has the US acting like a school yard bully.
Click to expand...

Citizens and leaders all across the world are now cheering for China. That Trump makes a ruthless dictatorship into the "good guy".

"The president made the bold remark during a 90-minute address as he attempted to court political donors at the National Republican Congressional Committe’s annual fundraising dinner in Washington, D.C. on Tuesday evening.

“These countries are calling us up, kissing my a**” to negotiate deals on tariffs, Trump said just hours before his reciprocal duties went into effect against dozens of nations just after midnight on Wednesday, including a 104 percent levy on Chinese imports.

“They are,” he emphasized. “They are dying to make a deal.”

The president went on to mock the tariff-deal supplicants, pretending to be them as he pitifully pleaded in a simpering voice: “Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir.”"

www.independent.co.uk

Trump brags world leaders are ‘kissing my a**’ and celebrates ‘great Hannibal Lecter’

‘Please, Sir, make a deal. I’ll do anything. I’ll do anything, Sir,’ Trump mocked just hours before his sweeping reciprocal tariffs were imposed
www.independent.co.uk www.independent.co.uk
 
Trump thinks he's an irresistible force...

...welp, here's an immovable object to prove it on. A trade partner Trump can't minimize or dominate.

Let's get this over with, so we can start picking up the pieces.
 
WillyPete said:
Let's get this over with, so we can start picking up the pieces.
Click to expand...
Yeah, about that.

Trump is deliberately driving the global economy into a ditch. Meanwhile, Republicans are demanding big cuts to federal spending. If the Federal Reserve cuts interest rates, that will exacerbate the inflation caused by the tariffs.

Meaning this time, the US government is unlikely to provide much, if any, relief from the next recession -- which will make it much, much worse than recent recessions. The world will be lucky if it's a repeat of the 2008 recession.
 
You must log in or register to reply here.
Back
Top Bottom