- cross-posted to:
- politics@lemmy.world
- cross-posted to:
- politics@lemmy.world
- China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
- The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
- U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.
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With USA committing political and economic suicide, the road is now clear for China to become the world dominating power.
I just hope they will take a graceful approach to their role, when nobody is in a position to oppose them.Xi got China to #1 world superpower 24 years early!
Without a war.
Congratulations China.
Props to Pooty-poot for the assist
Xi? You misspelled Trump. Congratulations to China anyway.
Not a chance. China’s massive xenophobic approach to anyone non-Han Chinese will severely limit their potential.
Point out all the racism in various Western countries, and it pales in comparison to what goes on in China.
Their potential is already proven. Xenophobe or not.
China will fail, because the 1st World Asian countries view the CCP and PLA like the Europeans do toward Russia. China under the CCP is not beacon, but a dump.
If every country he puts tariffs on ends up implementing their own retaliatory tariffs, what would happen?
You see, when the US pisses on the rest of the world, the rest of the world gets wet - But when the rest of the world will piss on the US, the US will drown.
Look at Cuba. Now look at the US. Now look at Cuba again.
Okay, now image Cuba but without the public health care, housing, jobs programs, and mass transit.
I don’t wanna look away from Cuba 😭
In your exampke Cuba is the rest of the world, not a small backwater embargoed country.
No, The US takes Cuba’s place, just as in their example.
The US in the past pressured the world to embargo Cuba, now the US is forcing the hand of the rest of the world to work without it. Different causes, similar-lish effects.
They will. If they don’t retaliate, it gives trump the signal that he can do whatever they want. We will hopefully slowly see a shift in the world order.
Imagine everything currently produced on earth loses about a third of its efficiency/affordability and a large chunk of everything has shortages/unavailability for the next 30 years.
Now imagine with the loss of trade relationships diplomacy slowly returns to that of the dark ages and a new era of war begins.
Things we take for advantage are peace and prosperity.
So a tariff is like punching the other guy but also punching yourself, only the US is doing that to a lot of people so all the other countries get hit a few times sure but the US is beating itself black and blue.
Death to folks who can’t afford to have their basic needs met.
I think they asked about the other countries, not US.
Did they? Unless they edited their comment, it sounds very open to me.
Hopefully the political correction happens fast. The last two tariff wars created massive depressions. The Great depression saw a landslide democratic victory and it took Republicans 60 years to become relevant again. This could be good.
60 years ago there was no fox news and social media. These morons will forget in 2 months let alone 2 or 4 years.
The American electorate dumber than a bag of rocks
they had the southern strategy which were racists and bigots, it works.
Rocks are smarter than fucking MAGA. Those neo-Nazi Russian supporting asswipes have a vacuum between their ears.
They could drop all tariffs tonight, but the inertia of new trade deals being made to circumvent the US is pretty strong. It will keep strengthening while the US rots on the vine because they’ve been geopolitically exiled for having revealed themselves to be governmentally retarded.
Especially in everything related to security, like army, navy, space. If we can’t trust the USA when we need to use the weapons we bought, what’s the use buying them in the first place.
This is really shooting thyself in the foot, you can’t just walk back from that disaster.
Can we please this time support the Communist and Socialist organizations that did armed protest in order to get those actual results? Can we please please learn from history and not allow the capitalist to continue to control the means of production? Because in another 100 years we’ll be in the exact same place with the ruling class trying to destroy the social safetynets that only served as temporary measures.
We need a real systemic change in who deciding how the economy is run and who’s interest it is meant to serve.
How long will we keep pretending a bunch of 20-30 year old white dudes in the 1700s had the best idea of how to run things?
Because the examples where the capitalist were not in control anymore were so good for the average worker?
Replacing a system that fails in one country but essentially nowhere else on the planet, despite being dominant, with a system that failed every single time is not exactly reasonable.
Yeah. I guess we should go back to Monarchy by that logic. Seems to be a very strong system that was strong for centuries and centuries. I guess when the first revolutions against monarchs failed people should have just given up and not tried to improve upon existing systems.
Your argument is literally just in favor of keeping the existing hierarchy because it is the one that exists now. That’s literally all you’re saying.
Zzzzzzz. Get better arguments.
How is that what you got from my comment? Monarchies failed all the time and people were miserable, like in any communist thing we had so far.
Individual Monarchy’s failing is not what I mean. I’m talking about the transition between a world ruled by monarchs under feudalism to a world rule by capitalist under capitalism.
That transition took centuries with many failed attempts to dissolve the Monarchy and replace it with forms of a democracy under different class structures and in many different parts of the world. The one that won out in the west was capitalism. But attempts to dissolve the existing class structures of the monarch failed countless times. And even ones that succeeded also eventually failed.
My point is. You are essentially a peasant in the 1500s saying “the kings is sanctioned by God to rule us! There is clearly no better system! Look at the Greeks! Those idiots tried a class based democracy and it failed! Monarchy has been the best system for centuries! My family was meant to toil the land for the king! The king is much greater than I!”
Capitalist economies have failed, fuedalist economies have failed, socialist economies have failed, that doesn’t mean that this systems are not positive progressions from one another.
It is such a simplistic and naive understanding of history to expect capitalism to continue forever. Especially when it’s systems inherently rely on an oppressive class hierarchy just as the others did.
And many of the brief experiments with socialism have been absolutely successful, beneficial, and most importantly BETTER than the systems that came before it.
Cuba under socialism is SIGNIFICANTLY better than it’s sugar plantation slavery under its fascist dictatorship.
Russia under the USSR was significantly better for its people than under the Tsarist rule. It brought a feudalist peasant society to a state where it defeated the Nazis (most of which Europe failed to do).
To act like an economic system is inherently good or bad is naive. It can absolutely fail and have its problems. But capitalism has absolutely failed and has significantly more problems on our planet than it solves.
If you think that people in the USSR were better off you might want to read about their rights (or rather lack thereof), regardless of Russia, Ukraine etc. Human rights in the Soviet Union It is absolutely crazy how little rights they had, we could easily argue that a peasant in 800 was better off in terms of his rights. If we include the planned starvation of millions, then he was also better off in such basic necessities.
Is Orange Turd going to complain how unfair this is?
Yes
The Yanks are making enemies everywhere! Except Russia that is…
They tariffed US. US finally responds. Now China wants to tariff that, ok. All I can say, Walmart is screwed if they don’t switch back to US first.
