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.
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.