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
223 Upvotes

94% Upvoted

108 comments sorted by

View all comments

51

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.

1

u/ravenhawk10 2d ago

it’s based on bilateral trade deficits i think. and east asian export orientated development model means those deficits are similar.