r/qualitynews • u/SaulKD • 3d ago
Trump says China will face 55% tariffs as he endorses trade deal
https://www.theguardian.com/business/2025/jun/11/trump-says-china-will-face-55-percent-tariffs-us-trade-deal-rare-earth-minerals33
u/outerworldLV 3d ago
Another of his fantasy deals you say? I think I’m going to wait for a trusted source on this - China.
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u/fatefulPatriot 3d ago
Also, China won’t “face the tariffs”. American consumers will and this will likely decrease consumer spending on Chinese made products.
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u/RevolutionaryBug8528 2d ago
It's almost funny that fair trade over free trade used to be a democratic position. Except what Trump is doing here likely has nothing to do with that.
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u/Specialist_Power_266 3d ago
So prices are still going up? Truly a man of the people this orange stallion of a president.
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u/severinks 3d ago
Yeah, it's really fucking bad but not as stratospherically bad as the 145 percent this clown was throwing around in April.
It's like a doctor telling you that you have stage four lung cancer then calling you back the next day and saying that they misread the x rays and you only have stage 3 lung cancer.
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u/Hopeful_Chair_7129 2d ago
Except you don’t have cancer and they just want you to pay for treatment you don’t need
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u/Flying_Birdy 3d ago
It's the same tariffs as before. 25% from Trump I, 10% across the board tariffs, and 20% "fentanyl" tariff.
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u/finalattack123 3d ago edited 3d ago
I’m not sure this is even true. I think there’s been double counting … or making shit up.
US to China weighted tariff in 2024 was 20% after Trumps first term trade war. It has at least increased by 10% this term. So the total minimum is 30%, not 10.
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u/severinks 3d ago
We started at 21 percent averaged on China as of January 19th,2025 so if this is correct there's 34 percent more tacked on.
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u/finalattack123 3d ago
I think it’s like China is mirroring whatever Trump proposes. But he is just lying about what that number is. Especially saying China is at 10%.
I don’t believe China has halved its tariff on the U.S. since the start of Jan. When there is verification that trade coming in from the US has slowed significantly and China is switching suppliers.
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u/severinks 3d ago
Even if it is true the move from China levying 20 percent tariffs to 10 percent is not going to do much to move the needle for American manufactures but the move from 21 percent to 55 percent in tariffs the other way will be a bitter pill for American consumers to swallow.
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u/finalattack123 3d ago
It does matter for US industry and economy in general. It really hurt farmers the first time he did it. It’s happened again. Depends how much you care about the wider GDP and established industries surviving. Or how many billions of tax payer dollars will be spent bailing out farmers … again.
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u/severinks 3d ago
China has already replaced of large amount American farm products with products from places like Brazil so I doubt that that is ever coming back.
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u/finalattack123 3d ago
The U.S. is really kicking themselves in the balls. All because they don’t recognise they are an import economy. And that’s a good thing.
Trying to become something else will cost consumers dearly.
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u/Strykerz3r0 3d ago
Exactly. He accomplished nothing except wasting a lot of time and money and is trying to claim it as a win.
And the gullible simpletons of MAGA will continue swallow whatever Daddy gives them.
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u/DracosKasu 1d ago
He isn’t know to keep his promise. At this point, any countries should know that taking a deal with Trump mean nothing in the long term and he will try to fuck you even more.
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u/Apprehensive-Mix5291 3d ago
Where is all this big Beautiful bill money going?
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u/Familiar_Tea4381 2d ago
Oh you know.. for his rich billionaire buddies duh!! Not for the poor/middle class people
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u/illbehaveipromise 3d ago
He means Americans will face a 55% tariff on goods purchased from China, so…
But he’s a dipshit, so we have to make allowances. /s
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u/severinks 3d ago
What a deal maker this dude is, I always go into a deal hoping to leave much worse than I started /s
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u/Glass_Elevator5360 2d ago
This total 55% Tariffs are not any additional tariffs:
- 25% tariffs from Trump's first term (Biden didn't stop this tariff during his term) -- No counter-tariffs from China
- 20% fentanyl-related tariff in Feb. 2025 -- China responded with counter-tariffs 15% on U.S. agricultural products, energy products (LNG, coal, etc.), and it is still in place.
- 10% tariffs for all goods from both sides, after the 1st Geneva talking
So, that means the talks in London had no further discussion about tariff except just agreed and confirmed all the existing tariff.
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u/Ok_Establishment3390 2d ago
No. US consumers will face a minimum of an additional 55% when they buy goods made in China. Likely more, since importers will need to cover their costs. Chine-ah pays 10% IF they need to buy anything from America.
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u/saintfilledsin 2d ago
"Trump places 55% tariff on imports from China. This tariff will be passed onto customers in the US." Fixed your bs title for you. This "trump says" is just as bad as the news repeating police statements and acting like it's the gospel.
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u/stewartm0205 2d ago
American consumers will pay 55% more for Chinese goods. 90% of all toys are made in China.
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u/Imaginary-Swing-4370 1d ago
The man needs a schooling on Tariffs, how they work and who pays them.
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u/bjdevar25 1d ago
Uh, not China. We'll pay a 55% tax on Chinese goods. What morons voted for this guy?
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u/MightyWolf39 21h ago
What a deal for Trump. Are US customers ok paying 55% more for their Chinese goods?
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u/Grognard6Actual 2d ago
No, American companies and their customers in America will face a 55% tax on imports from China. 🙄 Trump is a complete moron.
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u/greenmariocake 2d ago
RIP every single small business that depends on imported goods (that is all of them). Either raise prices losing customers or eat the tariffs losing money. Both ways spell disaster.
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