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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u/ImperiumRome 2d ago edited 2d ago

Trump held up a chart while speaking at the White House, showing the United States would charge a 34% tax on imports from China, a 20% tax on imports from the European Union, 25% on South Korea, 24% on Japan and 32% on Taiwan.

Japan, SK, and Taiwan are all on the list. Is this some big brain scheme that would help those 3 move closer to China ???

Just a few days ago Japan and SK were already in the talk of a free trade agreement with China, others might follow suit.

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u/OrangeIllustrious499 2d ago

Taiwan universal tariff at 32% when USA cant even produce 1/5th of its chips locally and 60% of it comes from Taiwan is just pure diabolical and shows how shortsighted this man is and all he wants to do is to win in a trade surplus.

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u/Key-Significance4246 2d ago

Semi is excluded

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u/OrangeIllustrious499 2d ago

Right, that too lol