General Administration of Customs of China: An additional 84% tariff on all imported goods originating from the United States will take effect from April 10, 2025, at 12:01 PM based on the current applicable tariff rates.

#美国加征关税
Regarding China-US economic and trade relations, this is China's position

Firm countermeasures: Starting from April 10 at 12:01 PM, China will increase the tariff rate on all imported goods originating from the United States from 34% to 84%.

Let's not talk about how much will be lost tomorrow
Really damn impressive.

The China-US 104% tariff war has officially landed.
I just asked an Amazon seller
"We can only raise prices, everyone will raise prices"
"The US does not produce it locally, if everyone raises prices, it’s like no one is raising prices"
"Walmart basically imports from China, it will soon start at 50%"

Inflation is causing supermarkets to raise prices significantly,
This is very painful for Americans,
Far more painful than a decrease in factory orders.

China's exports to the US
(including direct trade and potential transshipment trade)
account for about 3.2%-4.2% of China's GDP.
Assuming the tariff war eventually leads to a halving of trade volume,
that would mean a 2% decline in total social demand,
this is not a matter of severe injury.

The Chinese government can compensate for this 2%
through consumption subsidies,
money expansion, and infrastructure investment,
don't forget that the central government's debt ratio in China
is at an absolute low level by world standards.

But if Walmart raises prices by 50%,
that is a pain that the US government cannot solve,
if Trump's tariffs continue,
there will soon be great entertainment to watch

#美国加征关税 #巨鲸动向 $BTC

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