alt Hacker News> This is Russia's and China's liberation day
With the tariffs in Asia (Vietnam: 46%, Thailand: 36%, Cambodia: 49%) it feels like a good opportunity for China to increase their trade/influence in the region as well.
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> it feels like a good opportunity for China to increase their trade/influence in the region as well
influence for sure. But trade? Vietnam/Thailand/Cambodia already have ~40% of their imports from China and 5% or so from the US, I don't think this tariff can realistically increase trade between China and SEA countries much.
The Chinese don't want to buy anything, except raw materials. Their idea of trade is to sell products to you, not buy anything from you.
Not to mention 29% tariffs on Norfolk Island. Who hasn’t exported anything to the U.S. in years.
And a 10% tariff on the Macdonald Islands, which has a population of zero (not including the penguins).
Perhaps Trump thought he was taxing a fast food competitor?
Fun fact: these are all internal territories of Australia. Why they get separate tariffs is weird.
Sri Lankan here. They just slapped 44% on us (higher than on China). The country is just trying to recover from the economic crisis and the sovereign debt default of 2022, so we have very high import duties on certain items (e.g. vehicles) to discourage dollar outflow. Looks like the US just saw that as hostile and decided to strike back.