Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
  • 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

  • finitebanjo@lemmy.worldEnglish
    29·
    3 days ago

    Imagine everything currently produced on earth loses about a third of its efficiency/affordability and a large chunk of everything has shortages/unavailability for the next 30 years.

    Now imagine with the loss of trade relationships diplomacy slowly returns to that of the dark ages and a new era of war begins.

    Things we take for advantage are peace and prosperity.