Trump backs away from biggest tariffs, but hits China with 125pc rate
www.abc.net.au
Almost all countries will now be subject to a 10 per cent tariff, rather than the larger "liberation day" rates announced last week. But China will be hit with an extraordinary tariff of 125 per cent.

US President Donald Trump has announced a 90-day pause on “reciprocal” tariffs that had just been placed on imports from dozens of countries.

Those countries will now by subject to the 10 per cent baseline tariff, rather than the additional tariffs announced by the president last week.

In the same social media post, Mr Trump said he was again increasing the tariff on Chinese goods to 125 per cent.

  • shirro@aussie.zoneEnglish
    6·
    6 days ago

    I live in a civilized country under the rule of law so I won’t advocate violence here. But factually and historically in the past countries with far fewer hand guns have found popular solutions to problems like this that involved mobs with sharp pointy things.

    This is the furthest thing from responsible government I can imagine. Even the craziest authoritarian leaders usually commit to something then do it. Lets kill all the sparrows. Or lets shoot all the people wearing glasses. This is fucking crazy. It looks more like stock market manipulation than economic policy. The uncertainty alone has to be costing billions in productivity as businesses pause investments, orders, lay off employees etc.