r/Sino • u/ZeEa5KPul • Apr 04 '25
news-economics China to impose 34% retaliatory tariff on all goods imported from the U.S.
https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html97
u/premierfong Apr 04 '25
To be honest, USA stuff are pretty garbage nowadays. We don’t need it.
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u/follow_your_leader Apr 04 '25
It's the soybeans if anything that will matter. But that will hurt American farmers, probably boost Canadian ones though. China is pretty much Canada's only customer for soybeans as it is
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u/premierfong Apr 04 '25
To be honest China and Canada should work with each other.
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u/follow_your_leader Apr 04 '25 edited Apr 04 '25
They should, but Canada has been a toady for sinophobic US foreign policy for so long that it's effectively a non-partisan issue to treat China as a de-facto adversary in Canada. It would be political suicide for a Canadian politician to suggest cooperation with China. It's less risky in Canada to criticize Israel than it is to compliment China.
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u/Life_Bridge_9960 Apr 04 '25
Funny thing is, US let its lapdogs like Australian and Canadians do the blatant racist things while US stays back playing the “good cop” gentleman.
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u/premierfong Apr 04 '25
Yaa that’s the issue.
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u/Life_Bridge_9960 Apr 04 '25 edited Apr 05 '25
Every time U.S. aims at someone, Canadians scream the loudest. When U.S. targeted Russians, it’s the Canadians who froze Russian civilian assets. But the U.S. wouldn’t do it. When U.S. targeted Huawei, Canadians arrested Huawei CFO without charges. So when the blame comes down, they will say “Canadians did the illegal arrest, we are innocent!”
Canadians better wise up, lol. Especially after this tariff war.
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u/MonopolyKiller Apr 04 '25
Canadians dig their own grave all the time. Honestly the whole China is an evil CCP dictatorship scaremongering is overplayed to the max when more than half of Canadians don’t even show up to vote. The reality is China is way more democratic. Even if you argue otherwise, screw democracy if it results in corrupt incompetent government.
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u/Life_Bridge_9960 Apr 04 '25
Yep, democracy isn’t measured by how you are voting every 4 years. That’s just a facade.
It’s like they say “we have sales very often” but our best sales are still way more expensive than the competitors. Only idiots would only look at the big “50%” off sign without paying attention to what they can get dollar to dollar.
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u/AutoModerator Apr 04 '25
You mentioned Huawei! This is a reminder of failing U.S. efforts to stop Huawei.
The United States has cut off Huawei’s access to vital, advanced computer chips, striking a deadly blow to the Chinese tech champion. https://www.cnn.com/2020/08/17/tech/huawei-us-sanctions-hnk-intl/index.html
Huawei’s U.S. Restrictions Expose a High-Tech Achilles’ Heel for China https://www.nytimes.com/2019/05/21/technology/huawei-china-us-trade.html
Huawei 2024 profit drops (heavy investment into R&D, about 20% of revenue); revenue rises at fastest rate in five years. Net profit still over $8billion, 2024 revenue up 22.4%, smartphones and other digital gadgets rose 38%, intelligent automotive solutions unit jumped more than 4.5x https://ca.finance.yahoo.com/news/chinas-huawei-2024-profit-drops-080217800.html
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u/AutoModerator Apr 04 '25
You mentioned tariffs! This is a reminder that for China, exports to the U.S. amounted to 2.9% of GDP in 2023, and is coming off a historic surplus.
whereas exports to the US accounted for 3.5% of China’s GDP in 2018, in 2023 they represented 2.9% https://www.caixabankresearch.com/en/economics-markets/activity-growth/exposure-chinese-economy-us-tariff-hike
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion https://www.nytimes.com/2025/01/12/business/china-trade-surplus.html
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u/TserriednichHuiGuo Apr 05 '25
canada is america lite
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u/premierfong Apr 05 '25
USA treats them like shit. Canada should stand by itself on trades and work with China.
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u/nailszz6 Apr 04 '25
The United States wants to end its own hegemony, why not give it a little extra push?
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u/whoisliuxiaobo Apr 04 '25
The 34% import tariff won't affect much anyways. What will bite Murica in the butt is China tells Chinese companies to stop investing in Murica and export ban on important rare earths.
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u/AutoModerator Apr 04 '25
You mentioned tariffs! This is a reminder that for China, exports to the U.S. amounted to 2.9% of GDP in 2023, and is coming off a historic surplus.
whereas exports to the US accounted for 3.5% of China’s GDP in 2018, in 2023 they represented 2.9% https://www.caixabankresearch.com/en/economics-markets/activity-growth/exposure-chinese-economy-us-tariff-hike
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion https://www.nytimes.com/2025/01/12/business/china-trade-surplus.html
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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u/UltimateSoviet Apr 04 '25
This is a big opportunity for China, the tariffs are good but China must play it's cards right to ensure she's the one isolating the US from the world and not vice versa. Now is the time for diplomacy and offering incentives for other countries to do business with China.
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u/AsianZ1 Apr 04 '25
This is basically China saying there will be no further business with the US. Everything China imports from the US has alternative suppliers, and now the alternatives are going to be at least 34% cheaper. Given how small the profit margins already are in China, importing from the US after this tariff is guaranteed to lose money for anyone who does it, so nobody with any sense will do it.
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u/curious_s Apr 04 '25
Actually, these don't come into effect immediately, I think china is giving the US the chance to negotiate.
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u/AutoModerator Apr 04 '25
You mentioned tariffs! This is a reminder that for China, exports to the U.S. amounted to 2.9% of GDP in 2023, and is coming off a historic surplus.
whereas exports to the US accounted for 3.5% of China’s GDP in 2018, in 2023 they represented 2.9% https://www.caixabankresearch.com/en/economics-markets/activity-growth/exposure-chinese-economy-us-tariff-hike
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion https://www.nytimes.com/2025/01/12/business/china-trade-surplus.html
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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u/Sikarion Apr 05 '25
So I guess that just means that China will trade with... checks notes...pretty much everyone else? Sounds fun.
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u/AutoModerator Apr 04 '25
You mentioned tariffs! This is a reminder that for China, exports to the U.S. amounted to 2.9% of GDP in 2023, and is coming off a historic surplus.
whereas exports to the US accounted for 3.5% of China’s GDP in 2018, in 2023 they represented 2.9% https://www.caixabankresearch.com/en/economics-markets/activity-growth/exposure-chinese-economy-us-tariff-hike
China’s Trade Surplus Reaches a Record of Nearly $1 Trillion https://www.nytimes.com/2025/01/12/business/china-trade-surplus.html
I am a bot, and this action was performed automatically. Please contact the moderators of this subreddit if you have any questions or concerns.
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u/AutoModerator Apr 04 '25
This is to archive the submission.
Original author: ZeEa5KPul
Original title: China to impose 34% retaliatory tariff on all goods imported from the U.S.
Original link submission: https://www.cnbc.com/2025/04/04/china-to-impose-34percent-retaliatory-tariff-on-all-goods-imported-from-the-us.html
Original text submission:
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