Sure what the hell. After 100% it really doesn’t matter anymore. Can’t wait for US tariffs to go to infinity plus one percent tomorrow. - ThreadSky

josephpolitano.bsky.social • 20 days ago

Sure what the hell. After 100% it really doesn’t matter anymore. Can’t wait for US tariffs to go to infinity plus one percent tomorrow.

Reposted from MarketTwits

CHINA TO INCREASE TARIFFS ON US GOODS TO 125%

Comments

minerva1.bsky.social•20 days ago

So much winning! Trump really has China on the ropes. 😂

uchusky23.com•20 days ago

+C (constant)

urbancic.bsky.social•20 days ago

Can't have a trade deficit if there isn't any trade!

😬🤦

crparadis.bsky.social•20 days ago

That will bring down the tariffs to 10% and then trade will start again the deficit will rise so will tariffs and then they will rise so much it will stop the trade and bring back tariffs down which will boost trade…

rich335.bsky.social•20 days ago

Someone on Bloomberg yesterday said there is no way for China to get to even on the deficit and I screened inside. Not knocking that person because I know what he was trying to say

adamcobb.bsky.social•20 days ago

At this point they’d honestly be as well just putting on a trade embargo and being done with these silly numbers.

splitrailfence.bsky.social•20 days ago

But then they might compromise their ability to buy on dips.

pettirosso.me•20 days ago

Gotta get more yips first

petrsol.bsky.social•20 days ago

kaisermiller.family•20 days ago

Oh yeah? Well MY tariffs are going to infinity plus TWO percent. So there!

arandomguy641.bsky.social•20 days ago

The humble “infinity squared” percent tariff.

corgusbutticus.bsky.social•20 days ago

That's..not true at all?

ventifact212.bsky.social•20 days ago

Second hand stores and thrift shops will be a growth industry now. Best Buy will go bankrupt, WalMart will go bankrupt. So much winning…

greenhombre.bsky.social•20 days ago

Glad I got my great new e-bike in March.

microlocaltourist.bsky.social•20 days ago

Inaccessible cardinal number % tariffs now wow

mtsw.bsky.social•20 days ago

to the extent it matters i suppose its mostly about how quickly it will bankrupt american small businesses that already ordered stuff that's on boats right now

ncallaway.bsky.social•20 days ago

Do you *have* to pay a tariff if it arrives at customs? Is there any way to like...reject the shipment at customs to avoid the tariff?

persistentpoasting.bsky.social•20 days ago

If the tariff isn't paid it usually ends up being auctioned off, not returned.

davehaterofracism.bsky.social•19 days ago

yes if you don't pay it gets held there - after so long they auction it off or dump it.

koubitz.bsky.social•20 days ago

Also smaller companies in China that sell cool goodies to people in the USA

Trump's #1 enemy this administration is small business owners everywhere, apparently lol

bellhouser.bsky.social•20 days ago

There’s an “on the water” provision in the reciprocal tariff order to get around this. But small businesses are still going to suffer, for sure.

tgrantjames.bsky.social•20 days ago

It would be funny if this administration somehow knew what ordinal numbers were

q-fromthebackrow.bsky.social•20 days ago

Is gold paint imported from China? There’s a helicopter he hasn’t slathered with it yet. I’m not sure the tariffs are well thought out

christosilvia.bsky.social•20 days ago

There's nothing special about 100%

dodgerfanla.bsky.social•20 days ago

My guess is they view this as a effective embargo and are trying to call his bluff on “no negotiations”

jenonymous.bsky.social•20 days ago

It looks like China actually said “we’re functionally done trading and we’re just going to ignore any additional tantrum-driven raises.”

thecontentflywheel.bsky.social•20 days ago

Look forward to another trump backdown which will be hailed as a strategic master stroke by his base.

inforwars.bsky.social•18 days ago

Trump’s tariff exemptions for tech giants like Apple show he’s more bark than bite. Exemptions now cover $390B in imports, including $101B from China. #ArtOfTheSqueal

thefoodandwinediva.bsky.social•20 days ago

My god, drumpf must have a minuscule penis!

Other than toxic psychopathy, nothing else explains his constant need to assuage his inadequacy.

ashybae.bsky.social•20 days ago

I'm sorry you have been having such a rough time trying to figure out actual economic impacts while everything goes back and forth and back again. I hope things start looking up for you.

bc.swifties.social•20 days ago

How about a number bigger than ∞%?
Like say…P(ℵ₀)%?

rosemaryd52.bsky.social•20 days ago

"I know what the hell I'm doing." - Trump 😬

shorelined.bsky.social•20 days ago

“I don’t need you to make a fool out of me.”

paulrusof.bsky.social•20 days ago

Ah, but which infinity?

itsjohns.network•20 days ago

What does the arbitrage look like on this? Like, if I'm buying hay in China, I don't buy a brand, right? I order from Mexico and assume it came from California? Meanwhile, consumers of an "iPhone" presumably want to be confident it's authentic? Less interested in the iPhone that 'fell off a truck'?

koubitz.bsky.social•20 days ago

10,000% tariffs on both sides by June

oldak.bsky.social•20 days ago

∞ + 1
∞ + ∞
∞ × ∞

flipturns.bsky.social•20 days ago

Ugh!

mutual-a.bsky.social•20 days ago

Ω% tarrifs

fodder650.bsky.social•20 days ago

Tariffs based on the show "That Girl" with Marlow Thomas?
And zero people will get this

kiymon.bsky.social•20 days ago

China is behind the times. It's 145% after the super secret tariffs that were never announced.

keeganc15.bsky.social•20 days ago

What now 160% ?

hypercharge.bsky.social•20 days ago

Yes, and that's exactly what Chinese MOF said
https://bsky.app/profile/kjoules.org/post/3lmjkzr42g22n

q-fromthebackrow.bsky.social•20 days ago

So much like a toddler melting down, except this one has a sharpie and a seat in the Oval Office

snabbkassa.bsky.social•19 days ago

nmwilkinson.bsky.social•20 days ago

https://bsky.app/profile/nmwilkinson.bsky.social/post/3lmew3tfb422r

sakumar.bsky.social•20 days ago

There are no Chinese made electric cars in the US because the US imposes 100% tariff on them.
So yes, 100% (or more) tariff on all goods means that trade between US and China has effectively dropped to zero. Cold turkey! Trump’s going to fold. Only thing that is unknown is what excuse he will use.

zetaof1.bsky.social•20 days ago

Why wouldn't it matter past 100%?

adamcobb.bsky.social•20 days ago

There’s a point where the tariff is so enormous that you just kill bilateral trade and we’re probably there for most things

zetaof1.bsky.social•20 days ago

I know that but strikes me as odd that that point is supposed to be at 100%, see no good reason for that. Short-term I doubt that a 100% tariff would kill bilateral trade, demand for some things is just too inelastic

adamcobb.bsky.social•20 days ago

I’ll let @josephpolitano.bsky.social pick that up but IMO it’s just a good psychological marker of ‘this is stupid’

zetaof1.bsky.social•20 days ago

"this is stupid" has rarely in the history of mankind kept people from buying things anyway, otherwise I would not own a 4k accordion that I hardly ever play

grifter.bsky.social•20 days ago

Probably correct — some products it’s going to take longer to reorient supply chains as there likely isn’t alternative suppliers of scale and in the meantime you’re forced to pay the piper I guess. Rare earths, solar panels, and (some) electronics come to mind if I had to take a poke

adamcobb.bsky.social•20 days ago

Also depends how porous things are. How much quiet rebadging of stuff takes place etc. Not legal but tonnes of it has happened vis a vis the Russia embargo.

zetaof1.bsky.social•20 days ago

In this case we are talking US imports to China so you'd rather have to discuss those instead of rare earths etc.
But yeah, I wager that chinese imports to US are a lot less elastic than vice versa so reciprocal tariffs may well deepen the trade deficit 🤷

marcellograz.bsky.social•20 days ago

Let's see how export controls of RE will work out for us. Jfc

zetaof1.bsky.social•20 days ago

Are we ... Are we exposing export controls on Random-Effects-models?

... Does @jmwooldridge.bsky.social know?

jmwooldridge.bsky.social•20 days ago

Everything can be negotiated. Heavy tariffs on RE, none on FE.

marcellograz.bsky.social•20 days ago

😂😂😂

bellathelab.bsky.social•20 days ago

Straight out of grade school, “I triple dog dare you!”

jgsimmerman.bsky.social•20 days ago

My nursery was going to order TDS meters and I was just saying that even if we decided we could eat the tariffs at 145%, it could be 1000000% by the time we got what we've ordered. Thankfully, TDS meters aren't mission critical, so we'll just not, but it's not a great environment!

samuelosinaike.bsky.social•20 days ago

Starting to think Trump will actually back down based on what he says in the video here.

Gift article:
https://on.ft.com/4j6jrDP

samuelosinaike.bsky.social•20 days ago

Double gift!
Dollar and Treasuries sell off as Donald Trump’s China tariffs spook investors - https://on.ft.com/4j6jrDP

interestingchips.bsky.social•20 days ago

Didn't seem like a man with all the cards in that clip

samuelosinaike.bsky.social•20 days ago

His bluff got called already. But he's still holding

zinifax.bsky.social•20 days ago

Saw a story...a toaster made in the USA has no idea what it does...but would cost $2k. I thought it was nonsense. No one will be able to afford bread.

atomicpopwi.bsky.social•20 days ago

We've not even gotten into double secret tariffs yet, where taxes really skyrocket but excitement is unlimited! (If Karoline Leavitt steals this bit from me I'm going to be pretty upset)

eli403.bsky.social•20 days ago

Are we already at the point when the number is irrelevant and both sides will just stop buying?

xehtfodrol.bsky.social•20 days ago

Banging my head against the wall from so many people telling me how ACKTCHULLY this is all great and China will lose and everyone is gouged because anything bought from China is cheap and for pennies and like...

Please just learn a tariff is a tax on the consumer, not the country :/

votechuck.bsky.social•20 days ago

China’s just cracking the ratchet until the US crumbles

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