Changed the video out for Kramer. He's hilarious. The China-side tariffs kick in on June 1 & are ranged from 5 - 25% (mostly 25%) on ~4,000 products, around $60 billion worth, likely aimed at Trump's base, things like cotton, machinery, grains and aircraft parts.
On Friday Trump raised tariffs on $200 billion of Chinese goods (via Twitter) from 10% to 25%.
China imports ~$130 billion from US while US imports ~$550 billion from China. The gap has widened since Trump began trade negotiations.
China will pay Trump's tarrifs just like Mexico will pay for the wall. Kappa
(2 votes)
Comments
(Old Spike)
I think China is great, and they should just have whatever they want when they want it. They treat their own people so great, why not let them just run the world?
(Old Spike)
They've just lifted 700 million people out of extreme poverty in 40 years. If that's not treating people well then what is?
why not let them just run the world?
It's not up to us who has the most power in the world. The West has had a good run but somehow ended up with the Americans running shit. Now we got President Twitter thinking he can shape the world while he's on the can, with a dodgy hedge fund scammer heading the US treasury. If you think this ends well I have a bridge for sale you may be interested in.
(Old Spike)
Trump has reduced unemployment without having everyone work in conditions so shit they have to install nets on the side of the building, so they don't kill themselves. China is only important because everyone wants cheap shit, and they don't care that it's coming from what is basically slave labor.
Otherwise, they're another shithole country stealing IPs and making ghost town copycat cities from better cultures.
(Old Spike)
There's more slave labour in America right now than there is in China. They don't need suicide nets, they're in prisons with barred windows.
The US stole IP for over a 2 centuries before even recognizing foreign ownership of tech. Their entire industrial revolution was based on stealing state secrets, mainly from the Brits. The other main ingredients as the US was industrializing was chattel slavery & land acquisition by way of genocide.
"better cultures" lol. Your president is orange.
(Old Spike)
If I were a lefty, I'd cry "whataboutism" and call you racist for making fun of my president's skin color.
(Old Spike)
haha. That's one of the nicest things I can say about him. His wife is hot & yeah, the unemployment numbers are decent. They might get even better when these new tariffs kick in, everyone's gonna need to work more to afford the same shit.
(Old Spike)
Wow.
(Long Spike)
LOLOLOLOL. Holy shit. Trumptard state media is a key to the economic juggernaut that will defeat China and take over the world.
(Old Spike)
You'd think they'd change things up a bit. Sounds like famous last words.