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Offline mystery-ak

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China retaliates with 34% tariffs on US imports
« on: April 04, 2025, 09:37:45 am »
April 4, 2025 6:40am EDT | Updated April 4, 2025 7:17am EDT
China retaliates with 34% tariffs on US imports
New China tariffs against the U.S. will go into effect on April 10

By Greg Norman FOXBusiness

China announced Friday it will impose 34% tariffs on the U.S., just days after President Donald Trump unveiled the same amount against Beijing under his reciprocal tariff plan.

The new China tariffs against the U.S. will go into effect on April 10, according to The Wall Street Journal.

"The U.S. announced tariff hikes on imports from many countries, including China, under the pretext of reciprocity. This gravely violates World Trade Organization rules, and undermines the rules-based multilateral trading system. China firmly rejects this and will do what is necessary to defend our legitimate rights and interests," Chinese Foreign Ministry spokesperson Guo Jiakun said at a briefing in Beijing yesterday.

"We have emphasized more than once that trade and tariff wars have no winners. Protectionism leads nowhere. We urge the U.S. to stop doing the wrong thing, and resolve trade differences with China and other countries through consultation with equality, respect and mutual benefit," he added.

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https://www.foxbusiness.com/economy/china-retaliates-34-tariffs-us-imports
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Offline Free Vulcan

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Re: China retaliates with 34% tariffs on US imports
« Reply #1 on: April 04, 2025, 10:01:50 am »
China is about the most protectionist country out there. The hypocrisy is so thick you could build a football stadium on it.

More high minded bluff and smoke.
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Offline jmyrlefuller

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Re: China retaliates with 34% tariffs on US imports
« Reply #2 on: April 04, 2025, 06:00:35 pm »
We run one of our country's biggest deficits with the Reds, who does anyone think this is fooling?
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Online mountaineer

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Re: China retaliates with 34% tariffs on US imports
« Reply #3 on: April 04, 2025, 06:15:19 pm »
Has anyone reported on what tariff China already had imposed on US goods before Trump took action? Seems like something to know.
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Offline Kamaji

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Re: China retaliates with 34% tariffs on US imports
« Reply #4 on: April 04, 2025, 06:59:23 pm »
What does China import from the U.S. anyways?
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Offline bigheadfred

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Re: China retaliates with 34% tariffs on US imports
« Reply #5 on: April 04, 2025, 07:03:42 pm »
Quote from: Kamaji on April 04, 2025, 06:59:23 pm
What does China import from the U.S. anyways?

$15 billion in soybeans.
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Offline Wingnut

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Re: China retaliates with 34% tariffs on US imports
« Reply #6 on: April 04, 2025, 07:40:02 pm »
Quote from: bigheadfred on April 04, 2025, 07:03:42 pm
$15 billion in soybeans.
China doesn't worry about starving their people.
They can go to Brazil for those beans.   
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Offline Wingnut

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Re: China retaliates with 34% tariffs on US imports
« Reply #7 on: April 04, 2025, 07:43:14 pm »
Quote from: mountaineer on April 04, 2025, 06:15:19 pm
Has anyone reported on what tariff China already had imposed on US goods before Trump took action? Seems like something to know.

Besides Erik Swalwell's concubine and other chink spies sleeping with demcrats... Nothing I can't live without. 
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Offline Hoodat

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Re: China retaliates with 34% tariffs on US imports
« Reply #8 on: April 04, 2025, 08:28:54 pm »
Quote from: Free Vulcan on April 04, 2025, 10:01:50 am
China is about the most protectionist country out there. The hypocrisy is so thick you could build a football stadium on it.

More high minded bluff and smoke.

You got that right.
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Offline Hoodat

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Re: China retaliates with 34% tariffs on US imports
« Reply #9 on: April 04, 2025, 08:42:30 pm »
Quote from: mountaineer on April 04, 2025, 06:15:19 pm
Has anyone reported on what tariff China already had imposed on US goods before Trump took action? Seems like something to know.

The PRC tariff on US auto imports now sits at 59%.
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Offline jafo2010

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Re: China retaliates with 34% tariffs on US imports
« Reply #10 on: April 04, 2025, 09:24:10 pm »
I say the sooner we END TRADE WITH CHINA, the better for all concerned in the USA. 
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Offline Hoodat

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Re: China retaliates with 34% tariffs on US imports
« Reply #11 on: April 04, 2025, 09:47:17 pm »
Quote from: jafo2010 on April 04, 2025, 09:24:10 pm
I say the sooner we END TRADE WITH CHINA, the better for all concerned in the USA.

That's been my point.  If trade with China is bad, then ban trade with China.
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Online mountaineer

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Re: China retaliates with 34% tariffs on US imports
« Reply #12 on: April 04, 2025, 09:50:11 pm »
If only the presidents and congresscritters of the past few decades had adopted laws and policies to promote American manufacturing, perhaps we wouldn't be in this trade deficit pickle.
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Offline Hoodat

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Re: China retaliates with 34% tariffs on US imports
« Reply #13 on: April 04, 2025, 10:07:04 pm »
Quote from: mountaineer on April 04, 2025, 09:50:11 pm
If only the presidents and congresscritters of the past few decades had adopted laws and policies to promote American manufacturing, perhaps we wouldn't be in this trade deficit pickle.

The two aren't necessarily related.  Protecting US manufacturing does not mean we will have a trade balance.

Eliminating the trade deficit is not important in the grand scheme of things.  Trade surpluses do not translate to economic prosperity.  As long as GDP browth outpaces the trade deficit (which it easily does), then we are OK.  And the result of that deficit is that our dollars flow to other parts of the world.  And there's only one place for those people to invest those dollars.  The US.
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Offline catfish1957

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Re: China retaliates with 34% tariffs on US imports
« Reply #14 on: April 04, 2025, 11:52:43 pm »
Considering the trade imbalance, Chicom's bluster of raising tariffs on us, is pretty like Wormer imposing Double Secret Probation.

Laughable.
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Offline Weird Tolkienish Figure

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Re: China retaliates with 34% tariffs on US imports
« Reply #15 on: April 05, 2025, 12:04:12 am »
Trump should have just put imports on China only and nobody would have cared, even worldwide, because other countries hate china as much as we do on this issue
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Offline IsailedawayfromFR

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Re: China retaliates with 34% tariffs on US imports
« Reply #16 on: April 05, 2025, 09:35:31 am »
Quote from: Weird Tolkienish Figure on April 05, 2025, 12:04:12 am
Trump should have just put imports on China only and nobody would have cared, even worldwide, because other countries hate china as much as we do on this issue
So you are comfortable with +100% Canadian tariffs on US dairy products, and the EU tariffs of 10% on American made cars while US only places 2.5% of EU made cars?

If so, please explain how these unequal duties benefit the USA.
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Offline Weird Tolkienish Figure

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Re: China retaliates with 34% tariffs on US imports
« Reply #17 on: April 05, 2025, 10:49:44 am »
Quote from: IsailedawayfromFR on April 05, 2025, 09:35:31 am
So you are comfortable with +100% Canadian tariffs on US dairy products, and the EU tariffs of 10% on American made cars while US only places 2.5% of EU made cars?

If so, please explain how these unequal duties benefit the USA.

It's called the difference between being tactful and tactless. Canada and the EU didn't strip America or it's manufacturing jobs... they're basically in the same boat we are, or similar.
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Offline IsailedawayfromFR

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Re: China retaliates with 34% tariffs on US imports
« Reply #18 on: April 05, 2025, 10:56:36 am »
Quote from: Weird Tolkienish Figure on April 05, 2025, 10:49:44 am
It's called the difference between being tactful and tactless. Canada and the EU didn't strip America or it's manufacturing jobs... they're basically in the same boat we are, or similar.
Didn't explain why a tariff 4X the size on cars for our exports to EU benefit the US.

Try one more time to make sense
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Offline catfish1957

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Re: China retaliates with 34% tariffs on US imports
« Reply #19 on: April 05, 2025, 10:57:24 am »
Quote from: Weird Tolkienish Figure on April 05, 2025, 10:49:44 am
It's called the difference between being tactful and tactless.

I like that one.....

The word tact and Donald Trump is analogous to bull and  china shop.  In the normal world, I'd tend to agree.  But now is not normal, and we have played nicely with a "kick me" post-em on our back for decades.

I support a shift change on how trade is managed in this country. This week was only the opening salvo.  When the floodgates open, and other countries  start doing reciprocal trading?   Trump will come across as a genius.   
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Offline Weird Tolkienish Figure

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Re: China retaliates with 34% tariffs on US imports
« Reply #20 on: April 05, 2025, 10:58:51 am »
Quote from: catfish1957 on April 05, 2025, 10:57:24 am
I like that one.....

The word tact and Donald Trump is analogous to bull and  china shop.  In the normal world, I'd tend to agree.  But now is not normal, and we have played nicely with a "kick me" post-em on our back for decades.

I support a shift change on how trade is managed in this country. This week was only the opening salvo.  When the floodgates open, and other countries  start doing reciprocal trading?   Trump will come across as a genius.

When competing an opponent like China, I'm not sure alienating the rest of the world, especially when they might sympathize with you, is a good idea.
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Offline Weird Tolkienish Figure

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Re: China retaliates with 34% tariffs on US imports
« Reply #21 on: April 05, 2025, 11:02:11 am »
Quote from: IsailedawayfromFR on April 05, 2025, 10:56:36 am
Didn't explain why a tariff 4X the size on cars for our exports to EU benefit the US.

Try one more time to make sense

Welp, from what I've read, Trump is actually partially right, our trading partners are often not fair with us. Which I wish he would have revised his graphic to show more truthful numbers, knock off the China tariffs first, maybe then put the EU on notice.

And yeah, Trump not known for his tact. I get that.
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Offline catfish1957

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Re: China retaliates with 34% tariffs on US imports
« Reply #22 on: April 05, 2025, 11:28:31 am »
Quote from: Weird Tolkienish Figure on April 05, 2025, 10:58:51 am
When competing an opponent like China, I'm not sure alienating the rest of the world, especially when they might sympathize with you, is a good idea.

Wait a minute...  Trying to adjust trade to equity is an alienation? 

That's like pissing off the local burglar because you put in a security system.   
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Offline Hoodat

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Re: China retaliates with 34% tariffs on US imports
« Reply #23 on: April 05, 2025, 11:32:02 am »
Quote from: catfish1957 on April 05, 2025, 11:28:31 am
Wait a minute...  Trying to adjust trade to equity is an alienation? 

Define 'equity'.  Are you seeking equity of opportunity?  Or equity of result?  If it is the former, then expect trade deficits (which are not a bad thing).  But if you are looking for net zero trade balance, then the only way to achieve that is to ban imports altogether.
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Offline IsailedawayfromFR

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Re: China retaliates with 34% tariffs on US imports
« Reply #24 on: April 05, 2025, 12:30:06 pm »
Quote from: Weird Tolkienish Figure on April 05, 2025, 11:02:11 am
Welp, from what I've read, Trump is actually partially right, our trading partners are often not fair with us. Which I wish he would have revised his graphic to show more truthful numbers, knock off the China tariffs first, maybe then put the EU on notice.

And yeah, Trump not known for his tact. I get that.
putting the EU on notice?

That's sorta like Biden putting Iran on notice, then handing them a billion $ cash on a pallet.  The EU would simply continue tariffing us without consequence.

I get it, you think China is the enemy, and it is.  Doesn't mean 'friends' should be stealing our jobs, taking our money, and not paying their fair share of defense.
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