• Help Support The Rugby Forum :

A Political Thread pt. 2

S&P 500 down 5% already. There was always likely to be some pullback after yesterday's rally but jeez it's like playing in a bloody casino at the moment. Few more twists and turns to come even though the trade war field has narrowed.
 

He added 20% at the beginning of his term, then 34% "liberation day", then another 50% retaliation

20+34+50 = 104%

Now, apparently he's adding another 20% for the fentanyl bit which was the reasoning for the first 20%

From the BBC:

Why the White House is saying the China tariff is 145%

As we've just reported, the White House has briefed that the overall tariff imposed on most goods imported from China stands at 145%.

Yesterday, Trump announced on Truth Social that China was facing 125% "reciprocal" levies, which is what has been reported since.

However, the Trump administration is saying today that an existing 20% tariff - which was previously imposed on countries which the US says produce the drug fentanyl - will continue to be in place on top of that 125%. That takes the total to 145%.

He's just making up numbers now, tariffing twice for the same thing.
 
Just so I can catch up after a couple of days fishing. Is everyone apart from China now not being tariffed?

Reciprocal tariffs have been suspended for 90 days for all countries that didn't retaliate but a 10% import tax still applies across the board. Trump is trying to claim that he goaded China into retaliating and they took the bait.
 
Can we just take a moment, in all this madness and give credit to China's meme game...

MAGA fans were the ones who utilised the meme war, but China are on fire lol
 

Latest posts

Sponsored
UnlistMe
Back
Top