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The White House said the higher tariff is as a result of Chinese retaliation.
Archived version: https://archive.is/20250416092702/https://www.newsweek.com/china-245-trump-tariff-2060295
Disclaimer: The article linked is from a single source with a single perspective. Make sure to cross-check information against multiple sources to get a comprehensive view on the situation.
4% of the world population with 90% of the world wealth though…
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We can only hope
I feel like I may owe the accelerationists an apology if this causes dedollarization.
Just checked wikipedia and it says 30%.
I think they’re confusing wealth in general with dollars specifically.
I guess foreign oligarchs skew the calculation to other areas maybe? I wonder what the distribution is with a max cut off of 100 million dollars
Remove the oligarchs from that calculation.
According to the IMF, the US has 15% of the world PPP GDP, versus China’s 20%.