- cross-posted to:
- economics@lemmy.world
- politics@lemmy.world
- cross-posted to:
- economics@lemmy.world
- politics@lemmy.world
- 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.
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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.Xi got China to #1 world superpower 24 years early!
Without a war.
Congratulations China.
Props to Pooty-poot for the assist
props to trump for the assist!
Xi? You misspelled Trump. Congratulations to China anyway.
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.
Their potential is already proven. Xenophobe or not.
More like their potential is already realised.
Better to be a Black guy in China than a Black guy in the US.
Depends…
I would say: Blue Jurisdiction in the US > Tier 1 City in China (Beijing, Guangzhou, Shenzhen, Shanghai) > Red Jurisdiction in the US.
But then you also have to factor in the reach of the government. You can’t criticize the Central Government of China, likewise, nowadays, you cannot criticize the Federal Government of the US. (Also, don’t have tattoos, authoritarians hate it)
Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.
Only applies to “Liberal” cities. A conservative town in the US could potentially be worse than a Tier 1 City in China.
There are plenty of economic and demographic problems to solve.
Good news, or bad news depending on how self reliant your government is. China is doing exactly what it promised it would do if they were the sole super power. Which is we will not militarily interfere with your nation no matter the situation.
So if your like Thailand, or Brazil, wonderful. You get to keep all your freedom and autonomy and China will happily trade with you.
If your Myanmar or Sudan, well good luck revolutionaries. There’s no America to stand in your way of overtaking your government. If your the governments of these nations…
What if you’re Taiwan…
Or Vietnam or Philippines or Malaysia
This again? Taiwan isn’t a recognized country. So they would not be interfering with a nation. IF you disagree with that, petition your own country to recognize Taiwan. The funniest thing is I’m Taiwanese and frankly the Taiwanese don’t want independence at this point. That’s why the Taiwanese congress is majority status quo and about 50/50 on independence and actually returning to China. The reason president Lai won is because the split is so strong that a 40% vote for Lai got him the win. A few more from the people who wanted status quo voted for him instead of Hou at 34%. Yet if you saw what congress did immediately after, which is handcuff him from ever declaring independence, you’ll know the will of the Taiwanese.
So all that is to say, no China won’t be attacking Taiwan either. That’s just nonsense noise from the west, which frankly I as a Taiwanese person is absolutely sick of. The agreement is simple, Taiwan doesn’t declare independence and China will at most saber rattle.
*Edit: Oh and what’s not reported is that right after Congress did that, China started a charm offensive. Inviting the former head of the KMT to China and undoing travel restrictions for Taiwanese citizens. So yeah, the war is only in your head, not ours.
Edit 2:. Loving. The down votes for a Taiwanese person explaining to a westerner what our actual opinions are. Why don’t you all westsplain to me how I should feel.
This again?
Still.
Still what? I’ve already explained China isn’t attacking. And if you would like Taiwan to be independent petition your own government.
That’s a bad take. Independence should be in the view of the people living there. I’m not going to gauge if Taiwan is a country based on if I can convince the US to recognize them, that’s nonsense garbage logic
Is it? So you’re for the independence of Barcelona? Hawaii? Ireland? Falken Islands? When do they get to choose?
could you provide some evidence you’re Taiwanese in Taiwan?
I already did, look through my comments.
then you are the only Chinese person I’ve ever heard say “Hans Chinese”
Wait, when did I say I’m Chinese?
Edit 2:. Loving. The down votes for a Taiwanese person explaining to a westerner what our actual opinions are. Why don’t you all westsplain to me how I should feel.
This is exactly what happens on every .ml or hexbear discussion when someone mentions Ukraine, BTW.
.ml
Of course.
The one thing I liked about Connect better than Voyager. The instance blocking on Connect worked. A whole lot didn’t, but that did.
I don’t think user comments are typically blocked, just communities. Which is fine with me, I don’t have a problem with every single user on instances I have blocked.
In Connect it would auto hide posts made by someone in a blocked community. They’d all be there, but you’d have to elect to have it shown to see it.
If they keep that promise, that’s mostly good news IMO. Interference doesn’t always go so well.
I think Afghanistan is a good example, we were there for 20 years, trying to establish democracy. And now they are right back where they were 20 years ago.
We can’t keep policing such countries indefinitely. This is a link of our (Denmark) losses, as a small country that helped the UN effort.
https://da.wikipedia.org/wiki/Danske_tab_i_Afghanistan_siden_2002It’s horrible how they treat their own population, but we can’t control the entire Muslim world. And all Muslim dominated countries are horrible AFAIK. So I’m good with staying out, as long as they don’t create trouble here. Problem is that they do, sometimes for stupid religious reasons.
Of course they will. They’re winning. China is patient if anything. That’s why even Rubio said they have a 10,000 year plan to take over America. Which is absurd since USA didn’t exist then, but that’s besides the point. What he’s right about is China will wait.
To establish democracy? Are you joking?
That’s State Department propaganda that’s been completely debunked for a while. The aims of US foreign policy on Afghanistan were lucrative financial exploitation and destabilizing the region.
The U.S. occupation of Afghanistan was colonialism that prevented Afghan self-determination
What? I’m guessing Taiwan isn’t a real country. People in Hong Kong didn’t have right to self determination.
The bulletts in fired on the Indian border were fake news?
I’m Taiwanese, I know much better what the Taiwanese want than you do. Go through these posts if you want to know my opinion, as well as you’ll see my passport.
As to the other stuff, bullets were not fired at India. They don’t even patrol with guns. Please read the news before making stuff up.
China will fail, because the 1st World Asian countries view the CCP and PLA like the Europeans do toward Russia. China under the CCP is not beacon, but a dump.
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.
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.
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.
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.
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?
Most people recognize that communism as an actual government has been trash, but do strongly support the Nordic model with capitalism coupled with socialist-lite pro worker policies. Free trade and capitalism makes so much money that you can’t do without it, but it does suck for workers because all the money ends up with the owner class. A pro people socialist-lite Nordic model helps everyone but it needs the money from free trade to afford it.
I do understand the difference between communism as an ideal model that only comes after socialism but that’s not how it is used in the real world.
I mean, you’d need a fair election to ever happen again for that.
Is Orange Turd going to complain how unfair this is?
This was his response. Very sane. Very calm. Not at all unhinged.
…/s
So is it all caps these days all the time?
Such old man yells at clouds vibes
My experience with elderly relatives is that all caps is the only way they can read the screen.
The idea that China “panics” can only be sold to the most gullible.
Yes
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.
Australia never had an empire, maybe it’s time?
there was the EMU and kangaroo dynasties,.
See also: Big Brucey
This emu is out there to conquer the whole world.
But the deep depression wasn’t entered “willingly”. Better justification for righteous anger back then.
People can be angry at Trump and that momentum could be utilized by the next candidate. Nah, sounds too elaborate.
You could just form an authoritarian dictator monarchy, and gun down anyone who disagrees. There are many countries that followed this path already.
Not only that but he’s going to act like it’s an amazing surprise that came out of nowhere.
“So unfair. Nasty people.”
If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
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.
I don’t wanna look away from Cuba 😭
In your exampke Cuba is the rest of the world, not a small backwater embargoed country.
No, The US takes Cuba’s place, just as in their example.
The US in the past pressured the world to embargo Cuba, now the US is forcing the hand of the rest of the world to work without it. Different causes, similar-lish effects.
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.
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.
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.
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.
As an example of that, Canada currently depends massively on trading with the US. US tariffs are devastating to Canada’s economy.
But, over the last week or so, the Canadian dollar has done extremely well against the US dollar because for all the damage the US is doing to Canada, it’s hurting itself so much more.
And I hope Canada can manage to find stronger trade partners with everyone else, especially the EU
It would be smart to diversify, but it’s going to take a long time, and it’s never going to be as efficient as just moving things across the biggest land border in the world.
Canada would have to build up the Atlantic shipping ports, and all the rail and highway connections leading to those ports to do more business with Europe. That’s going to be expensive and take a long time.
As an example, Australia is an isolated continent so everything entering/leaving has to go by port. Its largest port is the Port of Port Hedland in WA. That port handles more than 500 million tonnes of cargo every year.
By contrast, the biggest port in Canada is the Port of Vancouver which handles only 140 million metric tonnes, less than 1/3 of what Port Hedland handles. Australia has multiple other ports over 100 million tonnes too.
Death to folks who can’t afford to have their basic needs met.
I think they asked about the other countries, not US.
Did they? Unless they edited their comment, it sounds very open to me.
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.
In addition, tariffs need to be seen as a rational thing that will be kept in place for a long period.
If Trump wants to bring manufacturing jobs back to the US, businesses need a minimum 5 year plan to buy or build factories, buy equipment, hire people, and so-on. That’s a huge investment and a big risk. If the tariffs are cancelled before the factory is finished and orders start coming in, the investors might be out the entire amount.
Trump’s tariffs are utter chaos. They’re applied then removed, the value changes randomly. He’s putting tariffs on US military bases and uninhabited islands. In that kind of environment potential investors are just going to convert their money into gold and wait out the chaos.
They will. If they don’t retaliate, it gives trump the signal that he can do whatever they want. We will hopefully slowly see a shift in the world order.
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.
Nintendo has already delayed preorders…
with the eggs
Both regular and Kinder
Gaming consoles declared weapons of mass destr(a/)uction incoming.
The Yanks are making enemies everywhere! Except Russia that is…
jokes on them … how they gonna tariff empty shipping containers ?
Who’s gonna benefit from all this extra taxes? Public services will sky rocket in 2025!
It will be used to bail out companies, who struggle to financially survive. The money will go to the higher managements though.
Ah, so no change.
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
So government controlled companies.
…
Public services will sky rocket in 2025!
Elon Musk laughing
No they won’t.
With his embarrassing hysterical laugh
People with lots of money to buy low.
The people who pay taxes don’t have extra money to pay extra taxes, so they will not be able to pay extra taxes and no extra tax will be collected.
Nobody benefits.
Serious question.
They didn’t put this on Canada right? So shouldn’t prices in Canada stay relatively low?
Wouldn’t China want to buy more from Canada and vice versa?
Surely corporates won’t price gouge this time
/s
Just wait for the ridiculous and convoluted shipping paths to bypass tariffs.
deleted by creator
They tariffed US. US finally responds. Now China wants to tariff that, ok. All I can say, Walmart is screwed if they don’t switch back to US first.
I can’t find details of what China’s existing tariffs on the US were? I’m not saying I don’t belief you, I’m interested in what they were - any chance you could link me to the details please?
According to MSN’s timeline of the tariff war, it started with Trumps first term where he enacted Tariffs on China in 2017-2018. So it looks like Trump started it.
Thanks. Yes, that’s the only reference I can find also
Let’s say you’re right, does china import more from USA or does USA import more from china?
USA generally using Chinese materials for their end products, and with trump he essentially destroyed profit for companies that don’t adjust prices, and rear ended customers that buy at newly adjusted prices
These companies won’t stop buying from china for materials, even with tariffs it’s the most reliable chain and is still cheaper than other alternatives barring India or maybe South Korea or Japan
But whatever, revenge is more important.
