In a statement from China’s Ministry of Finance, which we’ve translated using Google, the country says that any further tariffs from the US side would “no longer make economic sense,” and that the US “will become a joke in the history of the world economy.”
China says that at the new tariff rate of 125 percent there is no longer any “market acceptance for US goods exported to China,” so there’s no sense in raising tariffs further. “If the US continues to play the tariff numbers game, China will ignore it,” the statement says.
China isn’t ruling out other forms of retaliation, however, ending the statement with a warning: “If the US insists on continuing to substantially infringe on China’s interests, China will resolutely counterattack and fight to the end.” Yesterday the country announced it was reducing the number of Hollywood films it would permit to release, and over the last week it has also restricted import and export rights for a number of US companies.
Can’t wait to see $5k iphones only inside US.
actually, if there is no longer any market acceptance of US goods inside China, then China can freely keep raising tax on US goods to any amount since there are no longer any US goods to tax.
It is pointless to raise tariffs for china, but it is fun to see Trump getting triggered.
That was exactly China’s most recent response. Nobody will buy US products at these tariff rates, so further response will be through other avenues.
Yea, i think they probably stopped at the highest amount where the US made product will still be more expensive than China imports.
iPremium iPhone device they are going to upsell it to the rich. For the poor they will market a monthly subscription.
Remember when jokes were supposed to make people laugh? This is a horror movie. And we’re all the happy young girl you see in the first scene that you know is going to be gored within the first 10 minutes
To quote the Stanley Parable:
This is not a challenge. It’s a tragedy.
The Verge can’t afford a proper translator? Especially when there are direct quotes with nuanced vocabulary?
The verge can’t even afford someone who knows how to build a PC
They changed the titles of everyone in the facilities department to “journalist”
Just one more
lanetariff, bro“a joke” is the perfect one word term for the US… I’m tired of being constantly embarrassed
So what was that about electing trump to prevent WWIII?
Also he said he would lower prices, but of course his tariffs will instead raise prices.
As the New York Times put it last year: “Trump Vows to Lower Prices. Some of His Policies May Raise Them.”
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I just searched the internet for any news articles from 2024 about Trump’s comments on prices. Here is a video from Truth Social where Trump complains about prices rising under Biden. But now Trump is of course causing price rises himself with his tariffs.
Speaking of Truth Social, it says on that website: “Proudly made in the United States of America”. But Truth Social seems to be based on Mastodon, as indicated on one of their pages about open source software. And Mastodon was largely made by a German guy, presumably in Germany, rather than in the USA.
he also backtracked he cant lower grocery prices after elected.
But guys, guys, there’s gonna be so many jobs sorting tiny screws in factories.
And it even pays half minimum wage! So great again!
Final time, sure.
Probably final from China. If they were to increase it again they might as well block trade completely. Not that the geniuses in charge of the US won’t increase it again just to have the final word like a child
If life was not so shitty under Trump I would be laughing too.
china will just do what they did with the soybean tariffs, export it to other countries cheaply to offset some of the cost.and then once the tariffs get rescinded, china doesnt need the us anymore.
Trump:
“God damn you, Jina!!!”
Probably.
China, you used to be cool. What happened?
1989 happened
CCP and the Tiananmen Square
Opium
They gave up their bicycles and quaint straw hats for modernity and now they think they’re entitled to the same standard of living as Americans.
