China Slaps 84% Retaliatory Tariffs on U.S. Goods
Treasury Secretary Scott Bessent: “I can tell you that this escalation is a loser for them.”
China slapped 84% retaliatory tariffs on U.S. goods entering the communist country.
The move comes after President Donald Trump said tariffs on Chinese goods would increase to more than 100% starting at midnight.
According to the Office of the Tariff Commission of the State Council, the tariffs will go up from 34% to 84% on April 10.
“China urges the United States to immediately correct its wrong practices, eliminate all unilateral tariff measures against China, and properly resolve differences through equal dialogue with China on the basis of mutual respect,” wrote the office.
Treasury Secretary Scott Bessent responded:
“It’s unfortunate that the Chinese actually don’t want to come and negotiate because they are the worst offenders in the international trading system. I can tell you that this escalation is a LOSER for them.”
“They have some very smart economists, the academicians, technocrats within their bureaucracy and they would be telling the leadership that we do not have the edge here.”
“They are the surplus country. Their exports to the US are five times our exports to China, so they can raise their tariffs, but – so what?”
'SO WHAT?' – SCOTT BESSENT TORCHES CHINA AFTER 84% TARIFFS: "It's unfortunate that the Chinese actually don't want to come and negotiate because they are the worst offenders in the international trading system. I can tell you that this escalation is a LOSER for them."
"They… pic.twitter.com/SWDSz8giBm
— Eric Daugherty (@EricLDaugh) April 9, 2025
Trump needs to keep Bessent front and center of like everything. The man is intelligent and beyond smart. I have a crush on him.
Trump released many posts on Truth Social:
- THIS IS A GREAT TIME TO BUY!!! DJT
- BE COOL! Everything is going to work out well. The USA will be bigger and better than ever before!
- This is a GREAT time to move your COMPANY into the United States of America, like Apple, and so many others, in record numbers, are doing. ZERO TARIFFS, and almost immediate Electrical/Energy hook ups and approvals. No Environmental Delays. DON’T WAIT, DO IT NOW!
I’ll say it again: It’s a huge risk. Trump needs to cut red tape and regulations and offer tax breaks and incentives for these companies.
JPMorgan Chase Chairman and CEO Jamie Dimon said a recession will likely happen.
People, we’ve been in a recession for a long time.
You must follow Rudy. BTW, his last sentence is SARCASM.
We're not entering a recession. We've been in one.
Half of America's been in a depression since 2008.
If Trump's gamble fails, the Dems will take Congress in 2026, and then everything can finally be fixed. pic.twitter.com/l5rzgrPuNc
— Rudy Havenstein, Senior Markets Commentator. (@RudyHavenstein) April 3, 2025
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Comments
its our last gasp to regain and control our own destiny
all the others (potus/congress) gave away our power via manufacturing ( thank a union for that) and this is it
maga
Tariffs on what? The entire point of this is the fact our domestic production doesn’t exist. We’re a consumer, service and gig economy.
I don’t see the wisdom in this. Sounds like the same hairbrained politics that causes you to exterminate sparrows
it exists but lefty rino collaborations have shipped it off
and then regulated whats here so they could communistically control busine$$
bring the businesses back to america and as important control over our military and medicines etc supplies
Our domestic production got hollowed out because other nations used tariffs and govt support of their own competing industries to hollow us out.
So… your position if (say) China subsidizes their own steel production (with actual funds as well as with no pollution control requirements and slave-level wages) to make it cheaper to buy than US production is…. what?
Grin & bear it?
Have all those (ex) steel workers Learn To Code?
There’s a limit to how many workers can be gainfully employed as waiters or other service jobs if there’s no workers actually producing material product like refined materials or finished goods to sell. A town with (say) 1,000 folks but only needing 100 service positions filled and no other industry is not a viable town. 1,000 waiters all serving each other works about as well long-term as any other “perpetual motion machine” does – that is it doesn’t work.
So they are going to buy less of NOTHING???? I’m not sure they get how this works.
BTW – Thanks for unleashing the virus that wrecked the global economy. Eff off and die China. You need us more than we need you.
only 11% of our GDP is based on exports.
As a % of GDP, that apparently ranks us an unbelievable 183rd in the world, sitting between Kenya and Pakistan. I’m not sure if there’s a better data point available that highlights how laughably out of whack our trade imbalance is.
Yep. It demonstrates how little we have to lose in a ‘trade war’ compared to the EU or China both of which depend on exports for more than 1/3 of their own GDP. The difference exists precisely b/c of how many protectionist barriers to US exports exist in other Nations, even by our ‘Allies and friends’, under the globalists preferred version of ‘free trade’.
The china communist party doesn’t have to worry about mid-term elections. Chicoms have allowed millions of chinese citizens to starve death under their failed policies.
Mary
He’s gay and married
The Left routinely dings on the US democracy – and on the other western nations (that used to be democracies) as slave-owner fascist genocidal bigots who shamelessly exploit their own citizens and other nations economies to their own benefit.
China ACTUALLY is genociding and enslaving the Uyghurs as I type, their govt is as fascist as can be, and their governing Class truely believes they are genetically better than the rest of the world and the world’s population are their lessers.
But…. their Ruling Class Talks the Socialist Talk so Our Left gives them a free pass on all of that.
Lefties – better than the rest of us because they have double the rest of us’s #of standards.
As to tariffs, China has been (successfully) been engaging in economic War on the rest of the world – and us specifically – for decades. Our industrial economy has been hollowed out by China (and other nation’s) protectionism and specifically by China’s propensity to behave like patent protection only applies to everyone else.
About time someone in charge tried to reverse that trend.
We are talking about the wrong thing. It is the 104% Trump tariff on China that matters. Doubling the price of a package of screws at Home Depot will not bother many. Doubling the price of an iphone will make millions of people very angry. Meanwhile, Apple will not import any, hoping sanity returns. That will disrupt the supply chain, even if the issue gets resolved.
Your argument about IPhone prices and anger isn’t demonstrably true. Perhaps you have failed to notice the doubling and tripling of prices on all sorts of goods since 2020, without any discernable positive effect for the country, that has largely gone unremarked and certainly unresisted.
Unless people who buy new IPhones are substantially dumber than the rest of the populace, which might very well be true.
apple is going through india with its lower tariffs
also..apple can lower its prices to meet demand or suffer the loss of business
dont forget we have already paid and accepted that the we pay the tariffs from other countries
its only become bad b/c of course djt is doingit
fjb KEPT THE DJT tariffs on china and even added to them but msm…no problemo
Or Apple with build Iphones somewhere other than China.
There is abouta 4x or 5x markup on iPhones. Apple will eat tariffs rather then let Samsung get market share.
Apple actually contracted planes to ship immediately before tariffs went into effect. There’s a decent supply of all sorts of consumer electronics in impacted by tariffs. If someone doesn’t want to shell out for a Chinese made product they can substitute for another cheaper product. The same.way consumers substitute hamburger for a
T-Bone.
In the meantime they ain’t gonna shut down the factory b/c they gotta at least keep folks getting their scrappy commie cheap wages or Chinese Gov’t faces internal, domestic unrest. So once thks is resolved there will be consumer electronics to ship out immediately.
Settle.down. We got along fine without cell phones for decades. Hell when I retired from the Army in ’14 I turned in an Unclassified phone and a Classified phone back to the Army. Then I shut down my personal cell phone. Haven’t had one since then and …it is very liberating not to have an electronic ‘leash’. You should try it.
I don’t disagree with you, but that won’t stop them from raising the price anyway so as to increase their profit margin while waiting until the newly imported supply is depleted.
That assumes consumers choose to pay a higher price….they may not. They may switch to a different brand. They may decide they can live with their current model. They may ditch their cell for a simple flip phone and a Kindle. They might forego cell phones entirely. Consumers do have choices other than paying high prices and if Apple raises prices but the competition doesn’t then they will likely lose market share.
As you read this, Apple is moving production out of China to other nations.
I’m an iPhone-only owner, but I certainly won’t be harmed if I have to wait a year longer for my next hardware upgrade. Nor will the rest of you’all if you have to buy non-Apple phones.
When a business partner is “giving you the business” – ie – giving you the shaft – it only makes sense to change partners and trade short-term inconvenience for long term better business.
Just embargo the commie bastards and be done with it. They need us, we’re better off without them.
We can’t because we have too many critical supplies that are sourced from China. I mentioned this on another thread, but the 100 most common critical care meds (meds that are most frequently used in ERs/ICUs are not made in the US. About 40% are made in India and the rest are made in China…and not only are they made in China, but they’re made in the same factory in China. If that supply were interrupted for just a few weeks, emergency/critical medicine in this country would be sent back to the 19th century.
Another good reason to.seize the opportunity to reshore that capacity domestically. It is a Nat Security issue as much as an economic one. Use DoD and VA health purchase contracts to stimulate basic demand to get facilities built then use Medicare/Medicaid to require US sourced products if they exist to create incentives for further expansion.
Yeah I’ve mentioned this too, It’s inconceivable that we put our population at such risk but there you have it.
That just proves how incompetent and stupid American leadership has been for decades.
When you’re in a hole you should always consider maybe stop digging. A local employer here used to make medical needles – employed a lot of locals – they closed down 20 years back because…. China. Last I knew the equipment and buildings were all still there, but since no one was interested in buying it they were still keeping a guard shift on payroll.
That business, and all the others like it we let close down because…. China, will never reopen or be replaced domestically (or even on friendly foreign nations) as long as Chinese medical supplies are being manufactured and sold to us at prices we literally can never match without going from 1st world to 3rd world manufacturing & labor practices.
Now…. if we really ARE stuck with buying that sort of stuff from China – at least until other sources start up – AND the Chinese are making a profit selling X thousands of medical items Y a week – they have NO (short-term) grounds to complain. They don’t pay the tariff – our purchasers do – and if as you say we can’t go elsewhere they will continue to sell us X thousands of Y every week for quite a bit. Their bitch is (1) eventually other sources will pop up to undersell their (tariffed) selling price and (2) they no longer will be weakening us as a competing industrial nation with that particular tool of economic warfare.
CCP statements are always so annoying. They always boil down to we’re right you’re wrong. We’re the parent your the child. Just do what we tell you too, I don’t know if they actually believe the drek they sling or if it’s just their policy to annoy others. Maybe it’s part of their we’re the middle kingdom center of the world fantasy. For once I’d like someone to tell them to just go pound sand.
China buys what U.S.?
Our Property?