China to impose 34% retaliatory tariff on all goods imported from the U.S. \ stacker news ~econ

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China to impose 34% retaliatory tariff on all goods imported from the U.S.www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html

549 sats \ 11 comments \ @siggy47 22h econ

It further 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” and “seriously” undermining Chinese interests, as well as endangering “global economic development and the stability of the production and supply chain,” according to a Google-translated report from Chinese state news outlet Xinhua.

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67 sats \ 0 replies \ @SimpleStacker 19h

80 sats \ 1 reply \ @SimpleStacker 18h

My attitude is usually one of, "Everyone overreacts to Trump, so let's wait for this overreaction to blow over," but he's really testing my cool

30 sats \ 0 replies \ @kepford 17h

What are you gonna do? Keep your cool. It isn't gonna be the end of the world. Could be bad but you'll survive. This attitude has served me well.

36 sats \ 3 replies \ @stack_harder 18h

is there a general consensus on how this will affect Americans? just 'many things getting more expensive?

32 sats \ 2 replies \ @kepford 17h

I've heard all sorts of things and that tells me no one knows. Per usual.

0 sats \ 1 reply \ @stack_harder 17h

everything i have heard so far has been negative , vibe is usually reversed in the btc community though which is why i like SN for a different take

0 sats \ 0 replies \ @SimpleStacker 15h

Maybe this post can help slightly

#934598

36 sats \ 1 reply \ @Solomonsatoshi 19h

USA had already lost the trade war. Now Trump is buying time- fending off insolvency with unlawful, isolationist and obstructive tariffs - the interest cost on that $36T US debt is almost $1T/year and growing. Trumps tariffs buy a little time (not much if they are squandered upon tax cuts for himself and his wealthy corporate sponsors) but mostly adversely impact US consumers and businesses and will result in significant inflation eventually driving up interest rates and further increasing the debt burden. US insolvency looms. Collapse of the USD and US empire. All other nations will shift trade even more toward China and away from the US. Within 5 years the global financial centre will be China/Hong Kong. Much more trade denominated in Yuan and Euros. USA will be reduced to a regional power standing over the Americas and estranged from Europe and traditional allies who will have come under the Chinese trading empire even more swiftly than they were already. Trumps tariffs only make sense if the next step is war and you need to rebuild domestic supply chains in order to reduce the currently huge dependence upon Chinese supply chains.