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  • 104% import duty for China

    From Joseph Pereira@1:124/5016 to All on Wed Apr 9 08:42:09 2025
    Yesterday there was a relief rally in the Dow Jones. That index rose 1,400 points in the hope of postponing the import duties by three months. That rumor was circulating because an advisor to Trump had suggested that as a way out of this misery.

    However, Trump did not bite and did the opposite. He decided to increase the import tariff on Chinese goods to 104%. That import tariff has now come into effect.

    The behavior of a toddler...

    China called it a mistake piled on top of a mistake.

    The question then is... where is this going. 90% of the shit that American households buy comes at least partly from China. The department stores in the US are now full, but in the coming weeks the shelves in the US will become empty, because no importer is going to burn his fingers importing from China.

    It fits a dictatorship, empty shelves...
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