this post was submitted on 08 Apr 2025
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Global News

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The president just keeps introducing more chaos.

Archived version: https://archive.is/newest/https://gizmodo.com/trump-threatens-104-tariffs-on-china-as-the-mad-king-plays-chicken-with-the-global-economy-2000585944


Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.

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[–] [email protected] 9 points 1 week ago (2 children)

Is this a cut off your nose kind of thing again?

The way I see it: US consumer wants Chinese thing, pays China. With tariffs US government goes: "Hey, we don't do that over here, pay me" - US customer also pays US government.

US customer ends up paying more for the same thing.


Now to the tricky part:

If economic theory works and thing costs what it's worth, this means tariffed consumer is overpaying and leaving margin for others to fill. A domestic producer could then make a profit even when not as efficient as the Chinese, cool.

But, a lot of things China does aren't currently made in the US, factories have to be built, some things won't be viable at higher prices (maybe not many enough would pay $99 for a phone cover), and some things will never be able to be produced cheaper (no child labor, expensive adult labor).

So it would take quite some effort to first figure out if it's viable to produce in the US and then to build the production in the US. It also takes quite a lot of time, years probably. Will the tariffs stay that long? If unsure, why risk wasting the effort. If sure, how will the years of punishing prices affect consumers?

[–] [email protected] 2 points 6 days ago* (last edited 6 days ago)

that is why I think this tariff thing is not an attack on other countries but just a way for trump to collect more tax from americans, since they have no choice but to buy from china. Trump collects more tax from Americans while making them think he is attacking foreign countries. lol.

In reality, Trump Threatens 104% “GST” tax (tariffs) increase on American for buying imports from China. It is just a fancy GST/VAT tax that discriminate based on country.

you need to stop wearing underwear on your head while thinking.