The White House said the higher tariff is as a result of Chinese retaliation.
  • Saleh@feddit.org
    23·
    6 days ago

    Only for goods that the US almost exclusively sourcing from China. So quite a lot of them.

    While things like textiles and simple plastics could probably be on-shored to the US in relatively short time, many more advanced products will cost a lot more.

    But the tariffs seem much smaller than China deciding to stop selling refined rare earths and products from them to the US and US allies such as the EU. That is going to make the US bleed big time.

    • HenriVolney@sh.itjust.works
      41·
      6 days ago

      Yeah, what’s with the EU getting hit with stray bullets? They are not imposing crazy tariffs on Chinese goods, apart from EV cars which are heavily subsidized by the Chinese government

      • zout@fedia.io
        11·
        6 days ago

        I’m Dutch. If China would keep on selling this stuff to us, I guarantee you someone from my country will find a way to sell it to the US. Something called “Dutch east India Company mentality”.