Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
Did it ever go away? I’ve been hearing about tarrifs ever since the orange retard started blubbering about it
It dropped to 30%, which is still painful but larger businesses (which make of the vast majority of the stock excahnges) can manage without too much stress. The 100% shock number lasted less than a week, if I remember correctly. Until now. TBD how long this go round lasts.
Just delayed