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China urges U.S. to ‘immediately’ cancel reciprocal tariffs, vows counter-measures

Posted on 4/2/25 at 9:58 pm
Posted by Hoopla
Member since Mar 2025
38 posts
Posted on 4/2/25 at 9:58 pm
Dow Futures down 800
Nasdaq Futures down 650

CNBC
Posted by SloaneRanger
Upper Hurstville
Member since Jan 2014
10811 posts
Posted on 4/2/25 at 10:03 pm to
So the country that gave the world the COVID pandemic has demands. Nice.
Posted by Rize
Spring Texas
Member since Sep 2011
17305 posts
Posted on 4/2/25 at 10:05 pm to
Make them squirm.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47216 posts
Posted on 4/2/25 at 10:09 pm to
Well China not going to back down immediately shocking.

shite going to get more expensive

quote:

The White House clarified to CNBC’s Eamon Javers that the tariff rate on Beijing comes in addition to existing 20% tariffs on imports from China, meaning the true tariff rate on China is 54%.


Amazon about to get fricked
This post was edited on 4/2/25 at 10:16 pm
Posted by beaverfever
Little Rock
Member since Jan 2008
34210 posts
Posted on 4/2/25 at 10:24 pm to
Why would they counter tariffs since that’s just a tax on themselves? Also, the US exports 1/3 of what it imports from China. How does escalation help any country that has a favorable trade balance with the US?
Posted by Powerman
Member since Jan 2004
164920 posts
Posted on 4/2/25 at 10:27 pm to
quote:

Why would they counter tariffs since that’s just a tax on themselves?

They can mitigate this by importing more goods from other countries that aren't trying to start a global trade war

Brazil will likely be one of the countries that benefits the most from this nonsense. They can fill some of the agricultural exports that China won't be buying from us now.
Posted by beaverfever
Little Rock
Member since Jan 2008
34210 posts
Posted on 4/2/25 at 10:38 pm to
Is Brazil going to buy $400B from China though? That’s the issue. Who dumps $400B into their economy?
Posted by notsince98
KC, MO
Member since Oct 2012
19998 posts
Posted on 4/3/25 at 6:39 am to
quote:


Why would they counter tariffs since that’s just a tax on themselves? Also, the US exports 1/3 of what it imports from China. How does escalation help any country that has a favorable trade balance with the US?


It also wouldn't impact anything for china other than increase the gov revenue. Most american products or services sold to china are luxury/status symbols. Their rich wont care about any increased costs.
Posted by Auburn1968
NYC
Member since Mar 2019
23001 posts
Posted on 4/3/25 at 11:00 am to

Counter measures are allowing their American manufacturers to move to Viet Nam who just dropped their tariffs.
Posted by UltimaParadox
North Carolina
Member since Nov 2008
47216 posts
Posted on 4/3/25 at 11:04 am to
quote:

Counter measures are allowing their American manufacturers to move to Viet Nam who just dropped their tariffs.


You think Vietnam can replace China industrial base? Would take decades
Posted by SDVTiger
Cabo San Lucas
Member since Nov 2011
86944 posts
Posted on 4/3/25 at 11:33 am to
Good they should increase the tariffs


Can any of the MT geniuses break down how much more we will pay duento evil tariffs?
Posted by fareplay
Member since Nov 2012
5875 posts
Posted on 4/3/25 at 12:39 pm to
I love paying $200 for a frying pan soon
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144345 posts
Posted on 4/3/25 at 12:45 pm to
Wonder if my $100 49cc mini dirtbike I ordered from temu will ever show up now
Posted by SuperSaint
Sorting Out OT BS Since '2007'
Member since Sep 2007
144345 posts
Posted on 4/3/25 at 12:49 pm to
quote:

fareplay
you've been top-notch melting for some weeks now. Trump tariffs have wrecked you.

If I didn't know better I'd take you for an IBFreeman alter.
Posted by imjustafatkid
Alabama
Member since Dec 2011
57733 posts
Posted on 4/3/25 at 1:13 pm to
China can't feed themselves. They have no bargaining power here.
Posted by ronricks
Member since Mar 2021
9678 posts
Posted on 4/3/25 at 1:25 pm to
quote:

You think Vietnam can replace China industrial base? Would take decades


The key is to take from China and spread it out. Encourage removing manufacturing from China and then move to Vietnam, Singapore, India, etc.

There is no need to try and move it all to one place.
Posted by LatinTiger30
New Orleans
Member since Oct 2007
4792 posts
Posted on 4/3/25 at 9:42 pm to
It doesn't help the other nation, but they know especially China and Russia that the resolve of the American is paper thin, so they will hold on, if possible for Trump to leave office to score a sweeter deal with the democrats.
Posted by Marshhen
Port Eads
Member since Nov 2018
875 posts
Posted on 4/4/25 at 6:25 am to
quote:

I love paying $200 for a frying pan soon


Looks like you suck in math and English
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