China retaliates with 84% tariffs on US goods as Trump trade war rattles markets – business live

Stock markets down in UK and across Europe after steep declines in Asia as Donald Trump presses ahead with huge 104% tariffs on China

• Full report: Trump unleashes new wave of tariffs

 

https://www.theguardian.com/business/live/2025/apr/09/stock-share-markets-us-china-trade-trump-tariffs-business-news-live-updates

Why does it have to be the Guardian all the time ?

Why not have a bit of variety and use a different media source ?

Yield on 10 years treasure are going in opposite direction in the US and China. Yield is going up to 5% in the US while falling to 1.6% in China.

As some point, something will break.

 

Trump’s tariff onslaught against China launches a battle the US may not be able to win

 

https://edition.cnn.com/2025/04/08/politics/china-trump-tariffs-trade-war/index.html

You forget to mention an export stop on rare earth minerals to the US.

7 minutes ago, bubblegum said:

You forget to mention an export stop on rare earth minerals to the US.

 

And this

 

https://finance.yahoo.com/news/china-adds-us-companies-lists-113111729.html

 

BEIJING (Reuters) - China's commerce ministry on Wednesday added 12 U.S. companies to its export control list and six to its unreliable entities list, effective Thursday, according to ministry statements.

8 minutes ago, 3NUMBAS said:

https://edition.cnn.com/2025/04/08/politics/china-trump-tariffs-trade-war/index.html
 

 

 

Trump’s tariff onslaught against China launches a battle the US may not be able to win

 

Not a chance!

 

Some stable genius said "trade wars are good, and easy to win!"

 

18 minutes ago, ExpatOilWorker said:

Yield on 10 years treasure are going in opposite direction in the US and China. Yield is going up to 5% in the US while falling to 1.6% in China.

As some point, something will break.

 

What's that work out to.........per capita.........when you're holding a $37 Trillion debt AND you just increased the pentagons allowance to $1 Trillion, despite announcing an 8% annual cut over the next 5 years, AND you just spent $500 Billion bombing the hoot out of the desert, AND you're about to start bombing Iran, and you're set to begin drone strikes on Mexico?

 

Oh, the winning!

Trump's base will be going ape-feces very soon with the price increases they'll be seeing.

 

Imagine spending all of that time and money to follow Trump around to his rallies.....

 

These morons had other options.  They could have stayed home and burned a cross or banged their sister.

 

Instead, they put on their best "Who Farted?" t-shirt, jump started the El Camino, and showed their support.

 

They spent money they earned from working an extra shift on the Tilt-A-Whirl or robbing liquor stores, money they could have spent on crystal meth or abortions.  

 

  Now, Trump has implemented the largest tax increase in American history on them.  Ouch.

4 minutes ago, TheAppletons said:

Trump's base will be going ape-feces very soon with the price increases they'll be seeing.

 

Imagine spending all of that time and money to follow Trump around to his rallies.....

 

These morons had other options.  They could have stayed home and burned a cross or banged their sister.

 

Instead, they put on their best "Who Farted?" t-shirt, jump started the El Camino, and showed their support.

 

They spent money they earned from working an extra shift on the Tilt-A-Whirl or robbing liquor stores, money they could have spent on crystal meth or abortions.  

 

  Now, Trump has implemented the largest tax increase in American history on them.  Ouch.

This is an early entry for post of the year

Kerry Packer famously said you only get one Alan Bond in your lifetime, meaning a dumbass who bought a media business for $1 billion from Packer, who bought it back for $300 million a few years later.

 

Alan Bond went broke owning a brewery, in a nation of beer drinkers. Trump went broke on three casinos, in a nation where gamblers lose more money than any other country.

 

Xi is probably thinking he will only get one Trump in his lifetime.

4 minutes ago, Lacessit said:

 

Xi is probably thinking he will only get one Trump in his lifetime.

 

U sure my Son ?

 

Pooh we love you my favorite word is retaliation 

11 minutes ago, Lacessit said:

Kerry Packer famously said you only get one Alan Bond in your lifetime, meaning a dumbass who bought a media business for $1 billion from Packer, who bought it back for $300 million a few years later.

 

Alan Bond went broke owning a brewery, in a nation of beer drinkers. Trump went broke on three casinos, in a nation where gamblers lose more money than any other country.

 

Xi is probably thinking he will only get one Trump in his lifetime.

Bond went broke borrowing too much money. Packer died young. Both losers now. Trump is still alive.

They don't buy anything from us anyway so it pretty much doesn't matter. 

7 minutes ago, Cryingdick said:

They don't buy anything from us anyway so it pretty much doesn't matter. 

 

China Imports from United States was US$165.16 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Imports from United States - data, historical chart and statistics - was last updated on April of 2025.

2 minutes ago, CallumWK said:

 

China Imports from United States was US$165.16 Billion during 2023, according to the United Nations COMTRADE database on international trade. China Imports from United States - data, historical chart and statistics - was last updated on April of 2025.

 

I didn't mean it to be taken literally. America sells way less to China than China sells to the USA. That means to a degree America decides how much its people suffer from tariffs and has the upper hand. 

1 hour ago, bubblegum said:

You forget to mention an export stop on rare earth minerals to the US.

Great. So Ford can start pumping out V8's again. Smart phones are a menace. We need to get back to simple yet high quality goods that last decades. The age of consuming high tech Chinese garbage that lasts as long as a horse race is over. Thank goodness. China can go puff their opium pipes.

15 minutes ago, Cryingdick said:

 

I didn't mean it to be taken literally. America sells way less to China than China sells to the USA. That means to a degree America decides how much its people suffer from tariffs and has the upper hand. 

 

Of course the US buys more from China, much of it from US companies manufacturing in China, because it can't be produced at those prices in the US.

So guess who is suffering.

The US customer is suffering from the tariffs, but would be equally suffering if it was manufactured in the US because it would cost more to produce.

But now also the US industry is suffering, because they will export less to China because of the counter tariffs.

 

Win- Win eh?

5 minutes ago, SunnyinBangrak said:

Great. So Ford can start pumping out V8's again. Smart phones are a menace. We need to get back to simple yet high quality goods that last decades. The age of consuming high tech Chinese garbage that lasts as long as a horse race is over. Thank goodness. China can go puff their opium pipes.

Economically speaking what you're wishing for is at best a bad recession but more likely a depression. And whether that's what you wish for or not, you're not going to find a lot of Luddites out there to join with you.

And you've really got to join the 21st century. China is now a leader in all sorts of highly advanced tech.

I see it a bit different.  This would be more advantageous to India, Vietnam, etc 

 

Retaliatory Tariffs supports the US narrative that China is Bad.

 

US would be more willing to work a deal with either of those countries just to spite China.

1 minute ago, placeholder said:

Economically speaking what you're wishing for is at best a bad recession but more likely a depression. And whether that's what you wish for or not, you're not going to find a lot of Luddites out there to join with you.

And you've really got to join the 21st century. China is now a leader in all sorts of highly advanced tech.

Are you saying their wholesale theft of IP (which is where their "leadership in all sorts of highly advanced tech" comes from) is a good thing? 

3 minutes ago, J Branche said:

I see it a bit different.  This would be more advantageous to India, Vietnam, etc 

 

Retaliatory Tariffs supports the US narrative that China is Bad.

 

US would be more willing to work a deal with either of those countries just to spite China.

The Chinese are the losers here. They will effectively be back in the bronze age after losing their main markets for everything they make and which their whole economy revolves around

 Xi and the elites will be just fine, but ordinary folk will lose everything. In a few months tv coverage of the Chinese famine will resemble Cambodia and Ethiopia in the 80s. No Dead Kennedys left to make tongue in cheek songs about starving babies.

Nice one, Xi.

19 minutes ago, Cryingdick said:

 

I didn't mean it to be taken literally. America sells way less to China than China sells to the USA. That means to a degree America decides how much its people suffer from tariffs and has the upper hand. 

 

Much of that was assembled in China from components manufactured by international (or even American) firms in South Korea, Japan, and Taiwan Province.

 

~$1000 is attributed to China for each iPhone, but there may be $950 in components shipped into China.

5 minutes ago, CallumWK said:

 

Of course the US buys more from China, much of it from US companies manufacturing in China, because it can't be produced at those prices in the US.

So guess who is suffering.

The US customer is suffering from the tariffs, but would be equally suffering if it was manufactured in the US because it would cost more to produce.

But now also the US industry is suffering, because they will export less to China because of the counter tariffs.

 

Win- Win eh?

 

The USA in the long run has its own resources and ability to produce food. If things go really badly America will suffer and China will implode. The other thing is we can't leave it how it is. It's a matter of national security should we ever have to go to war with China. We needed to do something decades ago. Doesn't look like Trump is backing down so I guess we are going to find out. 

 

An economic reset might actually be a good thing for young Americans who can't afford a house or anything else. A lot of boomer money is about to go up in smoke.

2 minutes ago, SunnyinBangrak said:

The Chinese are the losers here. They will effectively be back in the bronze age after losing their main markets for everything they make and which their whole economy revolves around

 Xi and the elites will be just fine, but ordinary folk will lose everything. In a few months tv coverage of the Chinese famine will resemble Cambodia and Ethiopia in the 80s. No Dead Kennedys left to make tongue in cheek songs about starving babies.

Nice one, Xi.

 

Exports to US account for <3% of Chinese GDP.

 

If they no longer need to worry about sanctions, they can more than make up for it by selling wunder waffles to Russia, Iran, North Korea, and Mexican cartels.

4 minutes ago, SunnyinBangrak said:

The Chinese are the losers here. They will effectively be back in the bronze age after losing their main markets for everything they maje and which their economy revolves around

 

It seems China has some other countries to which it exports.

 

Just now, NoDisplayName said:

 

Exports to US account for <3% of Chinese GDP.

 

If they no longer need to worry about sanctions, they can more than make up for it by selling wunder waffles to Russia, Iran, North Korea, and Mexican cartels.

LOL Yeah North Korea can make up the short fall. Listen to yourself.

7 minutes ago, SunnyinBangrak said:

Are you saying their wholesale theft of IP (which is where their "leadership in all sorts of highly advanced tech" comes from) is a good thing? 

Trying to put words in my mouth? I'm not denying that the Chinese have engaged in and are engaged in intellectual theft. But given that they are the leaders in many high tech areas of the economy, are you suggesting that they have some kind of time machine and are stealing from the future?

4 minutes ago, NoDisplayName said:

 

Much of that was assembled in China from components manufactured by international (or even American) firms in South Korea, Japan, and Taiwan Province.

 

~$1000 is attributed to China for each iPhone, but there may be $950 in components shipped into China.

But it faces tariffs on it's entire value no matter where the parts come from.