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submitted 2 weeks ago* (last edited 2 weeks ago) by zaxvenz@lemm.ee to c/world@lemmy.world
  • China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
  • The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
  • U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://archive.ph/ZmcZJ

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[-] Buffalox@lemmy.world 1 points 2 weeks ago

With USA committing political and economic suicide, the road is now clear for China to become the world dominating power.
I just hope they will take a graceful approach to their role, when nobody is in a position to oppose them.

[-] jumjummy@lemmy.world 1 points 2 weeks ago

Not a chance. China’s massive xenophobic approach to anyone non-Han Chinese will severely limit their potential.

Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.

[-] zephyreks@lemmy.ca -1 points 2 weeks ago

Better to be a Black guy in China than a Black guy in the US.

[-] rabber@lemmy.ca 2 points 2 weeks ago

Lol there is absolutely no way that is the case

[-] Joncash2@lemmy.ml 0 points 2 weeks ago* (last edited 2 weeks ago)

Good news, or bad news depending on how self reliant your government is. China is doing exactly what it promised it would do if they were the sole super power. Which is we will not militarily interfere with your nation no matter the situation.

So if your like Thailand, or Brazil, wonderful. You get to keep all your freedom and autonomy and China will happily trade with you.

If your Myanmar or Sudan, well good luck revolutionaries. There's no America to stand in your way of overtaking your government. If your the governments of these nations...

[-] atzanteol@sh.itjust.works 0 points 2 weeks ago
[-] Joncash2@lemmy.ml 1 points 2 weeks ago* (last edited 2 weeks ago)

This again? Taiwan isn't a recognized country. So they would not be interfering with a nation. IF you disagree with that, petition your own country to recognize Taiwan. The funniest thing is I'm Taiwanese and frankly the Taiwanese don't want independence at this point. That's why the Taiwanese congress is majority status quo and about 50/50 on independence and actually returning to China. The reason president Lai won is because the split is so strong that a 40% vote for Lai got him the win. A few more from the people who wanted status quo voted for him instead of Hou at 34%. Yet if you saw what congress did immediately after, which is handcuff him from ever declaring independence, you'll know the will of the Taiwanese.

So all that is to say, no China won't be attacking Taiwan either. That's just nonsense noise from the west, which frankly I as a Taiwanese person is absolutely sick of. The agreement is simple, Taiwan doesn't declare independence and China will at most saber rattle.

*Edit: Oh and what's not reported is that right after Congress did that, China started a charm offensive. Inviting the former head of the KMT to China and undoing travel restrictions for Taiwanese citizens. So yeah, the war is only in your head, not ours.

Edit 2:. Loving. The down votes for a Taiwanese person explaining to a westerner what our actual opinions are. Why don't you all westsplain to me how I should feel.

[-] atzanteol@sh.itjust.works -1 points 2 weeks ago
[-] Joncash2@lemmy.ml 1 points 2 weeks ago

Still what? I've already explained China isn't attacking. And if you would like Taiwan to be independent petition your own government.

[-] ArmoredThirteen@lemmy.zip -1 points 2 weeks ago

That's a bad take. Independence should be in the view of the people living there. I'm not going to gauge if Taiwan is a country based on if I can convince the US to recognize them, that's nonsense garbage logic

[-] Joncash2@lemmy.ml 1 points 2 weeks ago

Is it? So you're for the independence of Barcelona? Hawaii? Ireland? Falken Islands? When do they get to choose?

[-] Rolder@reddthat.com -1 points 2 weeks ago

Your comment history certainly doesn’t paint you as a Taiwanese individual. More as an American who is desperate to make China look as good as possible…

[-] TheBat@lemmy.world -1 points 2 weeks ago

Tankie. That user is a tankie.

[-] Rolder@reddthat.com -1 points 2 weeks ago

I mean they are from .ml, being a tankie was assumed

[-] Suoko@feddit.it 0 points 2 weeks ago

Who's gonna benefit from all this extra taxes? Public services will sky rocket in 2025!

[-] Zacryon@feddit.org 0 points 2 weeks ago* (last edited 2 weeks ago)

It will be used to bail out companies, who struggle to financially survive. The money will go to the higher managements though.

[-] dovah@lemmy.world 0 points 2 weeks ago
[-] Baguette@lemm.ee 1 points 2 weeks ago

The change is that companies will use this to commence the massive layoffs once again citing hard financial times but still pay the execs the same big bucks

[-] udc@lemmy.world 0 points 2 weeks ago

If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?

[-] WanderingThoughts@europe.pub 0 points 2 weeks ago

The rest of the world starts building a new world order and economic system, one that will be a lot less advantageous to the USA than the one they just trashed.

[-] merc@sh.itjust.works 1 points 2 weeks ago

I hope one of the first things to change is the ridiculous Intellectual Property laws the US forced on the rest of the world. Those laws benefit the US at the expense of everyone else.

[-] CheeseNoodle@lemmy.world 0 points 2 weeks ago

So a tariff is like punching the other guy but also punching yourself, only the US is doing that to a lot of people so all the other countries get hit a few times sure but the US is beating itself black and blue.

[-] merc@sh.itjust.works 0 points 2 weeks ago

As an example of that, Canada currently depends massively on trading with the US. US tariffs are devastating to Canada's economy.

But, over the last week or so, the Canadian dollar has done extremely well against the US dollar because for all the damage the US is doing to Canada, it's hurting itself so much more.

[-] weew@lemmy.ca 1 points 2 weeks ago

And I hope Canada can manage to find stronger trade partners with everyone else, especially the EU

[-] TheBat@lemmy.world 0 points 2 weeks ago

Is Orange Turd going to complain how unfair this is?

[-] chaosCruiser@futurology.today 0 points 2 weeks ago* (last edited 1 week ago)

Now that USA will spiral down to deep depression, it’s going to be much easier to get the people behind whatever plan comes next.

So, how about you build a new empire, invade neighboring countries, commit war crimes left and right, and start exterminating people who don’t fit your arbitrary criteria. Germany did that and everything worked out perfectly.

Oh, wait…

Well anyway. I’m out of ideas.

[-] Grandwolf319@sh.itjust.works 1 points 2 weeks ago

Australia never had an empire, maybe it’s time?

[-] Ledericas@lemm.ee 1 points 2 weeks ago

there was the EMU and kangaroo dynasties,.

[-] chaosCruiser@futurology.today 1 points 2 weeks ago

See also: Big Brucey

This emu is out there to conquer the whole world.

[-] Wilco@lemm.ee 0 points 2 weeks ago

Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.

[-] LeninOnAPrayer@lemm.ee 0 points 2 weeks ago

Can we please this time support the Communist and Socialist organizations that did armed protest in order to get those actual results? Can we please please learn from history and not allow the capitalist to continue to control the means of production? Because in another 100 years we'll be in the exact same place with the ruling class trying to destroy the social safetynets that only served as temporary measures.

We need a real systemic change in who deciding how the economy is run and who's interest it is meant to serve.

How long will we keep pretending a bunch of 20-30 year old white dudes in the 1700s had the best idea of how to run things?

[-] Eheran@lemmy.world 0 points 2 weeks ago

Because the examples where the capitalist were not in control anymore were so good for the average worker?

Replacing a system that fails in one country but essentially nowhere else on the planet, despite being dominant, with a system that failed every single time is not exactly reasonable.

[-] LeninOnAPrayer@lemm.ee 0 points 2 weeks ago* (last edited 2 weeks ago)

Yeah. I guess we should go back to Monarchy by that logic. Seems to be a very strong system that was strong for centuries and centuries. I guess when the first revolutions against monarchs failed people should have just given up and not tried to improve upon existing systems.

Your argument is literally just in favor of keeping the existing hierarchy because it is the one that exists now. That's literally all you're saying.

Zzzzzzz. Get better arguments.

[-] Eheran@lemmy.world 0 points 2 weeks ago

How is that what you got from my comment? Monarchies failed all the time and people were miserable, like in any communist thing we had so far.

[-] LeninOnAPrayer@lemm.ee 0 points 2 weeks ago* (last edited 2 weeks ago)

Individual Monarchy's failing is not what I mean. I'm talking about the transition between a world ruled by monarchs under feudalism to a world rule by capitalist under capitalism.

That transition took centuries with many failed attempts to dissolve the Monarchy and replace it with forms of a democracy under different class structures and in many different parts of the world. The one that won out in the west was capitalism. But attempts to dissolve the existing class structures of the monarch failed countless times. And even ones that succeeded also eventually failed.

My point is. You are essentially a peasant in the 1500s saying "the kings is sanctioned by God to rule us! There is clearly no better system! Look at the Greeks! Those idiots tried a class based democracy and it failed! Monarchy has been the best system for centuries! My family was meant to toil the land for the king! The king is much greater than I!"

Capitalist economies have failed, fuedalist economies have failed, socialist economies have failed, that doesn't mean that this systems are not positive progressions from one another.

It is such a simplistic and naive understanding of history to expect capitalism to continue forever. Especially when it's systems inherently rely on an oppressive class hierarchy just as the others did.

And many of the brief experiments with socialism have been absolutely successful, beneficial, and most importantly BETTER than the systems that came before it.

Cuba under socialism is SIGNIFICANTLY better than it's sugar plantation slavery under its fascist dictatorship.

Russia under the USSR was significantly better for its people than under the Tsarist rule. It brought a feudalist peasant society to a state where it defeated the Nazis (most of which Europe failed to do).

To act like an economic system is inherently good or bad is naive. It can absolutely fail and have its problems. But capitalism has absolutely failed and has significantly more problems on our planet than it solves.

[-] Tygr@lemmy.world -1 points 2 weeks ago

They tariffed US. US finally responds. Now China wants to tariff that, ok. All I can say, Walmart is screwed if they don’t switch back to US first.

[-] NotJohnSmith@feddit.uk 1 points 2 weeks ago

I can't find details of what China's existing tariffs on the US were? I'm not saying I don't belief you, I'm interested in what they were - any chance you could link me to the details please?

[-] DrDominate@lemmy.world 1 points 2 weeks ago

According to MSN's timeline of the tariff war, it started with Trumps first term where he enacted Tariffs on China in 2017-2018. So it looks like Trump started it.

[-] NotJohnSmith@feddit.uk 1 points 2 weeks ago

Thanks. Yes, that's the only reference I can find also

this post was submitted on 04 Apr 2025
7 points (100.0% liked)

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