President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%.
It’s a loss IMO. 55% tax on every chinese goods? Price of everyday things are going to rocket. I don’t think tariffs were not this high in the pre-world trade agreement era.
Or a lot of shit starts being “made in Vietnam” or Malaysia that looks suspiciously like it was made in China by new companies that popped up overnight.
I’m still waiting for how this trade war is a good thing. Should we be celebrating this “win?”
It’s a loss IMO. 55% tax on every chinese goods? Price of everyday things are going to rocket. I don’t think tariffs were not this high in the pre-world trade agreement era.
Or a lot of shit starts being “made in Vietnam” or Malaysia that looks suspiciously like it was made in China by new companies that popped up overnight.