alt Hacker NewsEffective total tariffs on China will be 54% effective 9 April. No way US does not go into recession...
And wait for the response from the trading partners...
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galimalint • 04/02/2025
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Effective total tariffs on China will be 54% effective 9 April. No way US does not go into recession...
And wait for the response from the trading partners...
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Correction: average tariffs on China prior to today was 42% https://www.piie.com/research/piie-charts/2019/us-china-trad.... This means after today, average tariffs on China will be 76%.
China is already in a Great Depression, and this tariff hike guarantees China to be in 30+ years of economic depression.