The White House said Tuesday that President Donald Trump’s tariffs on imports from China might rise overnight to 104%. Beijing refuses to withdraw its retaliatory tariffs on U.S. exports.
“It was a mistake for China to retaliate. When America is punched, (the president) punches back harder,” White House press secretary Karoline Leavitt said. “That’s why there will be 104% tariffs going into effect on China tonight at midnight,” she said during a presser.
Chinese goods were already set to be slapped with 54% tariffs. The figure combined a 20% previously imposed tariff and a 34% additional tariff on Chinese goods. This is in retaliation for the U.S.’s large trade deficit with China.
“Right now, we’ve received the instruction to prioritize our allies and our trading partners like Japan and Korea and others,” White House economic adviser Kevin Hassett said on Fox News.
China is bracing for a war of attrition. Manufacturers are warning about profits and scrambling to plan new overseas plants. Citing rising external risks, Citi cut its 2025 China GDP growth forecast to 4.2% from 4.7%.
Stock futures are going down.
Xi Jinping will “fight to the end.”
Yesterday, #China‘s stock market fell 10% after Trump threatened an additional 50% tariffs. #XiJinping decided to “fight to the end.” The White House announced that 104% tariffs on China took effect at noon. The Dow up 3%+, the S&P up 3.2%, & the Nasdaq up 3.6%. Who is winning? pic.twitter.com/qnCRQ1aYA0
— Solomon Yue (@SolomonYue) April 8, 2025
The American people pay the tariffs, not the Chinese.
After a bullet brushed his brain, has Xi’s instinctive reaction ever been to stand up, thrust his fist in the air, and shout, “FIGHT! FIGHT! FIGHT!”?
Ah Trump, his kung fu so strong. Can’t wait to see the red chinese back in those blue pant suits and riding bicycles again. I won’t be satisfied until I hear Xi call him Uncle Trump. There is plenty of blame to go around for COVID here and China.
104% Chinese tariff. That’s sure going to hit CA’s Greasy Gasom Newsom hard. He so depends on regulating Chinese trade with the US, hammering truckers, shippers and making sweetheart deals that enriches him. He’s also big in prompting, promoting and encouraging the infant Chinese citizenship invasion that has become an industry in CA.
What, pray tell, are CA bureaucrats going to do when they no longer have the importers, the shippers, the truckers, et al to micromanage and persecute, fine and tax?
Any US company that is not already starting to make American made stuff, has missed the boat. We can make stuff here, China will lose this one. Alot of China’s income is from selling to us.
The deal with China to supply them with our methods and technology in order to supply us with goods was suicidal let alone evil. But short sighted execs could only see the fat profits to be made by circumventing US labor prices and laws. When you let someone else do your work for you, you lose the ability to defend yourself.
Let’s not forget, CHINA released that Wuhan virus that screwed us over
Financed by us via Fauci.
Yes, china released the Fauci Virus, on orders from our own government.
China to retaliate by invading Taiwan?
Trade may have been the one reason for Xi’s restraint in invading Taiwan. China’s economy is totally dependent on US consumerism. And it is filthy – we supply them with our technology and they supply the dirt cheap labor. Most of the drug paraphernalia used in this country is imported directly from China, and that does not include all the raw drug chemicals (meth, fentanyl,…) that come in from China through Mexico. They supply here what they execute there for. This is a super good move by TRUMP. If we are to have a war, let it begin here.Thank you Nixon, Carter, Bush I/II, Obama, Biden.
The only thing next is China cutting off all trade with the US. They can afford it. They exported 1.6 trillion to BRICS nations last year. More than the US, EU, and Japan combined. Trump is, as usual, lying about everything. He actually claimed a 1 trillion dollar trade deficit with China yesterday, and it was only 285 billion in 2024. While a certainly large sum. The EU rips us off more than that.
(D)aniel <– Loves his Chicom comrades, apparently. Has stage 4 TDS also.
“Daniel” is a liar.
Does money given to the EU fund battleships and aircraft poised to kill American soldiers? Because we will defend Taiwan, and the CCP is going to try to take it.
What China does that is not logged by the $285B trade deficit is send product to Canada n Mexico for final assembly, slap a Made in CA/MX sticker on product n ship to USA tariff free under USMCA agreement.
These Non-Tariff issues stop.
You watch way too much CNN!
ONLY 285 BILLION?WTF?
I understand your concern and I’m not sure which figure is accurate (1 trillion vs. 285 billion) but this isn’t the point of the tariff anyway. The point is to bring manufacturing back to our soil where it belongs. Economic prosperity is achievable here again, and when America prospers so does the rest of the world. The “America First” policy of the Trump Administration is common sense. Otherwise, why have nations and borders in the first place? Every sovereign nation has the right to put their own interests first. America is no exception.
Comments are closed.