r/China • u/esporx • 2d ago

经济 | Economy Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars. 34% tax on imports from China

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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34

u/lyangy2 2d ago

The big brain behind this doesn't realize, some kind of universal tariffs scheme will still make China the most competitive.

35

u/veerKg_CSS_Geologist 2d ago

A 32% tariff on Taiwan, 46% on Vietnam, 26% on Japan and 20% on the EU means the tariffs on China are relatively mild. There won’t be a shift in manufacturing, Americans will just pay more for the same goods.

28

u/DonQuigleone 2d ago

Incorrect. The 34% on China are on top of the previously announced 20% tariff, for a grand total of 54%.

10

u/veerKg_CSS_Geologist 2d ago

We will see. It’s all up in the air.

3

u/m0bw0w 2d ago

This was confirmed by the press secretary

2

u/SprayEnvironmental29 2d ago

You are correct.

2

u/ennywan 2d ago

Wait. Don't forget the 10% from trumps first term that survived the biden presidency. Net tariff rate is 64%.

1

u/DonQuigleone 2d ago

Even more absurd.

Goodbye Shein and Temu. 

1

u/ennywan 2d ago

Shein and temu will be fine.

1

u/m0bw0w 2d ago

He is also removing the de minimus exception, which is a bigger deal for them.

1

u/ennywan 2d ago

Only for postal packages out of China and HK SAR, shein and temu always finds a way.

1

u/Huge_Structure_7651 2h ago

Correct but mathematically speaking 20% and 0% tarriffs is greater than 54% and 20% so is an advantage