this post was submitted on 08 Apr 2025
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Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)
submitted 2 weeks ago by Deceptichum@quokk.au to c/world@quokk.au
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Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

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[โ€“] protist@mander.xyz 59 points 2 weeks ago (13 children)

So basically everything the US imports from China is going to suddenly cost 84% more. I'm really struggling to see Trump's end game here, because when domestic inflation inevitably gets out of control, the populace is going to get angry and he's going to become deeply unpopular.

The only two possibilities are 1.) He's purposefully wrecking the US economy, either to end US global hegemony and appease the Russians or to appease the tech billionaires and Heritage Foundation-types who want to destroy the federal government, or 2.) He's a moron who doesn't understand even basic economics

[โ€“] baggins@beehaw.org 1 points 2 weeks ago

2 because that leads to 1. Because he thinks he's a very clever businessman. In his mind he is never wrong, everyone else is.

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