World News

123 readers

437 users here now

!usa@ponder.cat

founded 8 months ago

MODERATORS

Deceptichum@quokk.au

Quokka@quokk.au

140

Trump gives China one day to end retaliations or face extra 50% tariffs (arstechnica.com)

submitted 2 months ago by Deceptichum@quokk.au to c/world@quokk.au

43 comments fedilink hide all child comments

Tech companies' worst nightmare ahead of Donald Trump's election has already come true, as the US and China are now fully engaged in a tit-for-tat trade war, where China claims it expects to be better positioned to withstand US blows long-term.

you are viewing a single comment's thread
view the rest of the comments

[–] Redfugee@lemmy.world 4 points 2 months ago (1 children)

It's more simple than that. It is consistent with everything he does, it's about achieving more power and wealth. The blanket tariffs hurt everyone and they want businesses to offer the administration a pledge of loyalty (campaign contributions, positive press, fire people in their company that they don't like, etc) in exchange for exceptions on tariffs that they want.

[–] AwesomeLowlander@sh.itjust.works 2 points 2 months ago

Problem with that hypothesis is there's plenty of big businesses that have been kissing his ass, but nobody got an exception from the current round of tariffs. See apple and their stock price