- cross-posted to:
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- cross-posted to:
- [email protected]
Summary
China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration’s threats as a “meaningless tariff numbers game.”
Donald Trump’s move to impose tariffs “wiped trillions of dollars off Wall Street” and raised duties on foreign goods, claiming to bring back U.S. manufacturing jobs.
A White House fact sheet announced tariffs on some Chinese imports would rise to 245%.
China’s Commerce Ministry said the move “fully exposes the fact that the United States has become irrational” and vowed to see the trade war “through to the very end.”
There’s two ways this works out.
Basically, you’re fucked. Chinese goods stop flowing, medical devices and equipment stop coming, tools and utilities stop being restocked. You’re on your own. Welcome to Thunderdome.
Then we capitulate to China, end up paying more overall but not an impossibly high figure for our items and life goes on… only a little less swimmingly.
My bet is on #1. Stock up on ammo and food, road warrior.
… and TP. don’t forget to stock up on TP
Those who don’t will have to take brown-town to the shower nozzle.