- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
No, they’re all making money on it. They buy now. When he announces that he’s relaxed the tariffs, because of some made up reason that doesn’t exist, they’ll all sell. It’s disgusting.
Treasonous bullshit