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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[–] udc@lemmy.world 52 points 21 hours ago (7 children)

If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?

[–] SnuffyThePunk@lemmy.world 13 points 6 hours ago

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.

[–] WanderingThoughts@europe.pub 22 points 8 hours ago

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.

[–] CheeseNoodle@lemmy.world 10 points 9 hours ago

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.

[–] echodot@feddit.uk 9 points 9 hours ago* (last edited 9 hours ago)

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.

[–] UnderpantsWeevil@lemmy.world 71 points 20 hours ago* (last edited 20 hours ago) (2 children)

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.

[–] some_designer_dude@lemmy.world 24 points 18 hours ago

I don’t wanna look away from Cuba 😭

[–] Valmond@lemmy.world -1 points 9 hours ago (1 children)

In your exampke Cuba is the rest of the world, not a small backwater embargoed country.

[–] nodiratime@lemmy.world 7 points 6 hours ago

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.

[–] finitebanjo@lemmy.world 26 points 17 hours ago (1 children)

Imagine everything currently produced on earth loses about a third of its efficiency/affordability and a large chunk of everything has shortages/unavailability for the next 30 years.

Now imagine with the loss of trade relationships diplomacy slowly returns to that of the dark ages and a new era of war begins.

Things we take for advantage are peace and prosperity.

[–] Fleur_@hilariouschaos.com 20 points 13 hours ago (1 children)

Umm no the rest of the world can trade with each other just fine it's just trade involving the states that will be hindered.

[–] finitebanjo@lemmy.world 4 points 13 hours ago

Yeah I misread the prompt as if everyone put up tariffs lol.

[–] aceshigh@lemmy.world 17 points 20 hours ago (1 children)

Death to folks who can’t afford to have their basic needs met.

[–] Paddzr@lemmy.world 3 points 19 hours ago (1 children)

I think they asked about the other countries, not US.

[–] ZoopZeZoop@lemmy.world 5 points 17 hours ago

Did they? Unless they edited their comment, it sounds very open to me.