The world’s been in turmoil since 02 April 2025, when the maddest madman alive—some say the most egoistical maniac since Emperor Nero—decided to slap tariffs on almost the entire planet, including some unheard-of, uninhabited island somewhere near Antarctica. Whatever twisted strategy it was meant to be, it brought the global stock markets crashing to their knees, wiping out trillions of dollars in value.
And what happened at the end of the day? Donald Trump claimed almost every country came crawling back to, in his own words, kiss his ass. What an idiot. He insults the world, then boasts when others return just to thank him for capping the damage at a mere 10 percent tariff.
But Xi Jinping isn't one for blinking. Maybe it is out of principle, pride or ideology, whatever, China isn't blinking.
When the world’s two biggest economies go head-to-head in a tariff war, who really expects either to back down? It’ll be tit-for-tat until—who knows—kingdom come? One thing’s certain: trade between China and the United States is heading for a near-standstill. Imagine this—imports from China hit with a 125 percent tariff, and goods from the US slapped with an 84 percent duty and likely to climb higher soon.
And China? I'm certain that they've still got weapons to unleash and inflict pain on the United States. Cutting off rare earth exports to the US, for one. Dumping US Treasury securities, for another. As for what cards the US has left up its sleeve—I honestly don’t know.
Trump's chart of tariffs
The tariff rates on US imports that were originally threatened, and those that were announced after the pause on the 9th of April:
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