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US imposes 104% tariffs on Chinese goods effective immediately (m.economictimes.com)

submitted 1 month ago by [email protected] to c/[email protected]

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[–] [email protected] 2 points 1 month ago (1 children)

What you just posted indicates there is actually a $300 billion deficit with China, which makes their point even more pronounced. China has much more to lose in terms of wealth from trade with the US.

Trump is still a dumbass and we're all the losers in this fiasco though. There are legitimate benefits to trade and sometimes things shouldn't be even.

[–] [email protected] 1 points 1 month ago

What is with the down votes? The trade deficit is literally $295 billion for 2024.