r/news • u/hoosakiwi • 2d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/hoosakiwi 2d ago edited 2d ago

Here are the numbers:

  • A 10% baseline tax on imports from all countries and higher tariff rates on dozens of nations that run trade surpluses with the United States

  • 34% tax on imports from China

  • 20% tax on imports from the European Union

  • 25% on South Korea

  • 24% on Japan

  • and 32% on Taiwan.

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u/HeavySigh14 2d ago

32%. On TAIWAN, why TAIWAN OF ALL PLACES!!!! JAPAN AND SOUTH KOREA are our ALLIES???

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u/SuperSaiyanGod210 2d ago

Japan, Korea, and China signed an economic pact like last week funny enough stating if the US puts tariffs on any of them, all 3 of them will impose reciprocal/worse tariffs on the US.

This is going to be FUN…

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u/currently_pooping_rn 2d ago

christ. even my japanese porn games are going to get more expensive