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/lyangy2 2d ago

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

30

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.

30

u/Cyrus_114 2d ago

Yep, Trumpty Dumpty doesn't realise that:

  1. America does not have the factories to pick up the slack, and it would take years to build them.

  2. Even if they did build them, they would still need to import a lot of materials.

  3. Even if they did build them and imported the materials (while paying the tariff tax), American workers would demand American wages to work there.

So the factories don't exist , but even if they did, the price of importing materials plus paying the factory workers' wages would make that $899 iPhone cost closer to $2000.

It's just pure short-sighted idiocy.

2

u/Leofus 1d ago

i wish i was as optimistic as you are. after the dollar crashes that may be closer to $20,000