this post was submitted on 04 Apr 2025
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  • 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.

https://archive.ph/ZmcZJ

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[–] Grandwolf319@sh.itjust.works 9 points 6 days ago (1 children)

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

[–] DoubleSpace@lemm.ee 1 points 6 days ago

Just wait for the ridiculous and convoluted shipping paths to bypass tariffs.

[–] Buffalox@lemmy.world 219 points 1 week ago (65 children)

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.

[–] Gammelfisch@lemmy.world 4 points 6 days ago

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.

[–] ms_lane@lemmy.world 131 points 1 week ago (4 children)

Xi got China to #1 world superpower 24 years early!

Without a war.

Congratulations China.

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