"President Donald Trump said the United States would impose a new tariff of 100% on imports from China “over and above any Tariff that they are currently paying,” starting on Nov. 1.

Trump also said that the U.S. on that same date also would impose export controls on “any and all critical software.”

The move is in retaliation for new export controls that China imposed on rare earths minerals."

  • DeathsEmbrace@lemmy.world
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    1 day ago

    The US can’t decouple from China not without losing $461 billion in import value? Thats half a trillion gone and nothing to replace it?

    • LifeInMultipleChoice@lemmy.world
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      1 day ago

      No see it’s cheaper then for a reseller to purchase the products from China, then reship them at a higher cost to the U.S. Middleman makes there money, China still gets to sell of of their stuff and the U.S. population gets higher prices for the same products “Made in Nepal.”

      • iopq@lemmy.world
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        9 hours ago

        Not allowed, you still have to pay the tariff if it’s made in China. If you don’t, it’s just contraband

        • LifeInMultipleChoice@lemmy.world
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          8 hours ago

          Sticker says made in Nepal, came from Nepal… how many investigations are we going to perform on a $15 t shirt because he took the exclusions out for cheaper product.