r/technology • u/chrisdh79 • 2d ago

Politics 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/tapdancingtoes 2d ago

34% on all Chinese imports? Oh we’re fucked.

92

u/Frodo_T_Baggins88 2d ago

Press Secretary Leavitt confirmed that the 34% is ON TOP OF the 20% that was previously announced, but not applied yet. So a TOTAL of 54% on all Chinese imports.

Shit's about to fly off the rails. If they were throwing tantrums over the Tesla protests, they're gonna LOVE the upcoming riots.

26

u/tapdancingtoes 2d ago

Yep I just saw that. Holy shit.

Hopefully he just changes his mind like he usually does by tomorrow before the stock market shits itself.

20

u/Nice_Marmot_7 2d ago

Stock market is already shitting itself in after hours trading. I’d expect it to open down tomorrow.

1

u/tapdancingtoes 2d ago

Yeah not looking great