China faces 245% Trump tariff
www.newsweek.com
The White House said higher tariffs are a result of Chinese retaliation on trade.

Just when you think the idiocy couldn’t get worse.

Good luck America! It’s not a dust bowl this time. It’s an orange turd that’s gonna ruin you.

  • MuskyMelon@lemmy.worldOP
    15·
    3 days ago

    What would be incredibly based is if the PRC starts paying off loans in Africa with its dollars, decoupling the Global South from the US even further. Gets rid of dollars and debt in the Global South, potentially freeing up new customers for goods produced in China and strengthening ties.

    This is exactly what’s going to happen.

      • Cowbee [he/they]@lemmy.ml
        7·
        3 days ago

        Yep, the reason China hasn’t done it long ago is because it was biding time to build up BRICs and BRI so that it has alternative customers, and thus was more reliant on the US as a consumer. Trump’s strategy likely would have worked in the 90s, but we aren’t in the 90s anymore. Now that the US is destroying economic ties to the PRC, China can respond by severing the US’s ties to Africa, Latin America, the Middle East, and SEA. The EU will have to pick either China or the US.

    • Cowbee [he/they]@lemmy.ml
      3·
      3 days ago

      Would certainly be a huge benefit for African countries to free up money for more consumption, but I’ll retain cautious optimism.