Summary

China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration’s threats as a “meaningless tariff numbers game.”

Donald Trump’s move to impose tariffs “wiped trillions of dollars off Wall Street” and raised duties on foreign goods, claiming to bring back U.S. manufacturing jobs.

A White House fact sheet announced tariffs on some Chinese imports would rise to 245%.

China’s Commerce Ministry said the move “fully exposes the fact that the United States has become irrational” and vowed to see the trade war “through to the very end.”

  • notsure@fedia.io
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    6 days ago

    …how anyone in the US sees this as positive is beyond my ability for faith and reason…

    • Match!!@pawb.social
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      6 days ago

      the trump voters largely do not want positive, they want big negatives for everyone else and are willing to accept negatives for themselves to get it

    • entwine413@lemm.ee
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      6 days ago

      That elected a 34 times convicted felon. I’m not sure why anyone is surprised anymore.

    • crank0271@lemmy.world
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      6 days ago

      What makes you think that they do? I imagine the biggest beneficiaries of this whole thing is a somewhat longer runway until Russian and Chinese demographic collapse.