News: 1744050146

  ARM Give a man a fire and he's warm for a day, but set fire to him and he's warm for the rest of his life (Terry Pratchett, Jingo)

Trump doubles down, vows to make Chinese imports even more expensive for Americans

(2025/04/07)


World War Fee President Donald Trump has threatened to increase tariffs on Chinese goods by a further 50 percent this week, meaning imports from the Middle Kingdom into America would have a 104 percent levy. And buyers are expected to pick up the extra cost.

Reacting to China's Friday [1]decision to match 34 percent tariffs set by the US President - plus a ban on the export of certain rare earth minerals - on Monday morning Trump took to his state-slash-social-media site to announce additional tariffs on the Middle Kingdom unless Beijing backed down - using "the [2]most beautiful word in the dictionary" (tariffs) six times in a single sentence.

Essentially, if China doesn't drop its 34 percent import tax on American goods, matching what America put on China, the United States will up its recent tariff increase on Chinese products to 104 percent on April 9.

[3]

"China issued Retaliatory Tariffs of 34 percent, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the US by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set," Trump [4]said on Truth Social.

[5]

[6]

"Therefore, if China does not withdraw its 34 percent increase above their already long term trading abuses by tomorrow, April 8, 2025, the United States will impose ADDITIONAL Tariffs on China of 50 percent, effective April 9."

China was already under a 20 percent tariff rate and during last week's so-called Liberation Day announcement at the White House, an additional 34 percent tariff was added to anyone paying for Chinese goods. By adding another 50 percent to that the cost of imports is effectively doubling, and companies bringing into components and goods from China have already said they'll have no choice but to pass that on to end buyers.

[7]

In addition, the deal-maker-in-chief said the US would pull out of any trade talks until China kowtows to his demands. We're not expecting Beijing to back down.

Speaking on Air Force One after a weekend spent golfing and fundraising, Trump complained the US had a huge trade deficit with China. He seems surprised that a rich super-power like America would buy more stuff from a nation that has a significantly lower GDP-per-capita than that nation buys from America. Then again, he was also seemingly surprised that Canada, a resource-rich ally with the population of one US state, would sell more into the US than it buys from the US.

Meanwhile, the financial markets slumped globally as investors realized very few people are going to win from this tariff war. Not in America where prices will go up, or profits will be lowered and layoffs will follow, and retirements are being postponed, and not in China where exports are likely to drop and revenues fall.

[8]Trump tariffs thwart TikTok takeover as China digs in heels

[9]EU may target US tech giants in tariff response

[10]Asian tech players react to US tariffs with delays, doubts, deal-making

[11]China hits back at America with retaliatory tariffs, export controls on rare earth minerals

After two days of massive selloffs on US exchanges, the markets are still looking battered this morning. There was a brief rally when randoms with paid-for blue ticks on Twitter said the tariffs were going to be paused for 90 days, though the White House director of communications [12]called this out as fake news. So far, indexes at least are stabilizing.

In the UK, the FTSE dropped 5 percent on Monday, before recovering slightly. Hong Kong's Hang Seng index is down 13 percent and Shanghai was down 7 percent. President Trump shows no sign of backing down.

[13]

"Oil prices are down, interest rates are down (the slow moving Fed should cut rates!), food prices are down, there is NO INFLATION, and the long time abused USA is bringing in Billions of Dollars a week from the abusing countries on Tariffs that are already in place," [14]he thundered on state media.

"This is despite the fact that the biggest abuser of them all, China, whose markets are crashing, just raised its Tariffs by 34%, on top of its long term ridiculously high Tariffs (Plus!), not acknowledging my warning for abusing countries not to retaliate. They’ve made enough, for decades, taking advantage of the Good OL’ USA! Our past “leaders” are to blame for allowing this, and so much else, to happen to our Country. MAKE AMERICA GREAT AGAIN!" ®

Get our [15]Tech Resources



[1] https://www.theregister.com/2025/04/04/china_hits_back_at_trump/

[2] https://www.theguardian.com/news/audio/2024/dec/16/the-most-beautiful-word-in-the-dictionary-donald-trumps-tariff-plan-podcast

[3] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=2&c=2Z_RLAl889TeecXgYWLOXSQAAA1U&t=ct%3Dns%26unitnum%3D2%26raptor%3Dcondor%26pos%3Dtop%26test%3D0

[4] https://truthsocial.com/@realDonaldTrump/posts/114297331052690348

[5] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Z_RLAl889TeecXgYWLOXSQAAA1U&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[6] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Z_RLAl889TeecXgYWLOXSQAAA1U&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[7] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=4&c=44Z_RLAl889TeecXgYWLOXSQAAA1U&t=ct%3Dns%26unitnum%3D4%26raptor%3Dfalcon%26pos%3Dmid%26test%3D0

[8] https://www.theregister.com/2025/04/07/trump_tariff_tiktok_takeover/

[9] https://www.theregister.com/2025/04/07/eu_to_target_us_tech/

[10] https://www.theregister.com/2025/04/07/asia_tech_news_in_brief/

[11] https://www.theregister.com/2025/04/04/china_hits_back_at_trump/

[12] https://x.com/StevenCheung47/status/1909258267680788674

[13] https://pubads.g.doubleclick.net/gampad/jump?co=1&iu=/6978/reg_onprem/publicsector&sz=300x50%7C300x100%7C300x250%7C300x251%7C300x252%7C300x600%7C300x601&tile=3&c=33Z_RLAl889TeecXgYWLOXSQAAA1U&t=ct%3Dns%26unitnum%3D3%26raptor%3Deagle%26pos%3Dmid%26test%3D0

[14] https://x.com/realDonaldTrump/status/1909258777380974625

[15] https://whitepapers.theregister.com/



Paul Crawford

Someone is clearly lacking their dried frog pills

abend0c4

Probably struggling to import them.

Anonymous Coward

Wait 'til he sees what his powdered rhino horn refill is going to cost.

Jou (Mxyzptlk)

The pink, lavender or mauve colored one?

A Non e-mouse

I would ask: "Did Trump not think China would retaliate?"

And then I realised 50% of that sentence is superfluous.

MrBanana

I'll see your 50%, and raise you 34%.

Woke up this morning ...

Mitoo Bobsworth

... with the fanciful notion that America had stopped bitching about its own idiocy & finally acted on righting itself. Nope - must have been a dream.

Re: Woke up this morning ...

Wang Cores

That would require the supposedly sane "blue team"/dems stop allowing their lives to be dictated by people who think pi = 3.

What I am afraid of is what's coming next when this Great (Value) Leap Forward fails. The armed civilian populace+police/military is 8:2 "red team"/MAGA, conservatively.

If it goes to shit and they will never admit Trump was at fault but they can blame the unarmed city dwellers who thumbed their nose at the Anointed Orange.

I bet

Boris the Cockroach

the maga crowd gonna be pissed when they find out all the maga gear they buy doubles in price overnight.

Who put Homer Simpson in charge?

Re: I bet

Jou (Mxyzptlk)

I didn't do it. No one saw me do it. You can't prove anything.

Re: I bet

GNU SedGawk

Biden, this is all on Genocide Joe - he single handedly made Donnie Boy a nailed on winner, I remind you

We're gonna win so much you may even get tired of winning and you'll say please please it's too much winning we can't take it anymore. https://www.youtube.com/watch?v=puRU3UkD9H8

Re: I bet

Tron

The presidential system is much easier to game into autocracy than parliamentary governments that do not have presidents - Turkey and Russia also spring to mind for this sort of thing, ruling by decree etc. So there is an inherent flaw in the US system of government that was quite easy to exploit. The two US political parties are not really parties and not really managed. Just a motley assortment of like minds with no coherence or official policies. There seems to be no leader of the opposition or shadow cabinet. But the Democrats have to take their share of the blame for this. They spent three point nine years not making any real preparation for a successor. They kept Trump in the public eye by prosecuting him when he should have been put out to grass. And then they gave him the choice of winning or going to jail. None of this yelled competence. The American people have been let down by all of their politicians, and as with the UK and Brexit, they are really going to suffer for it.

MAWA

Jou (Mxyzptlk)

Make America Weak Again! But only until I bought some stock at record low, then he can pretend what great plan and play he made.

Re: MAWA

RPF

Make America Gormless Again, more like.

Immovable object meets unstoppable force

Jason Bloomberg

With neither side able to back down because it will be deemed to show weakness I'm hoping the popcorn supply doesn't dry up.

Re: Immovable object meets unstoppable force

IGotOut

It's not going to dry up, just cost a lot more.

Fascinating

Eclectic Man

As a right-pondian, albeit an appalled one at the current situation, I find myself in a 'Mr Spock' situation. The fact is that neither Donald Trump nor Xhi Jin Ping are of the mentality to back down. Neither tolerates being treated as a 'naughty boy', and neither (AFAIK) is in a politically precarious situation regarding their present status as the leader of their respective country.

In this current brinksmanship, it is not about which one has the lesser determination, but more whose economy can withstand the tariff war the longest. It is not about whose economy is the biggest (the USA's I believe) but whose is the most robust, which may not necessarily be the same thing. And Trump has just picked a fight with literally the entire world.

So, yup, this will be fascinating to watch, from the relatively safe haven of the UK (10% on most things, but 25% on cars). I can only give my best wishes to those actually involved in this struggle and hope that you somehow come out of it ok.

Re: Fascinating

Dinanziame

I think Xi Jinping has the advantage — unlike Trump, he only needs to handle high tariffs with one country, not all of them. The very stable genius thinks it's so easy to win trade wars, he's declared war with the whole world.

Re: Fascinating

Eclectic Man

Interesting analysis in the Guardian : https://www.theguardian.com/commentisfree/2025/apr/07/donald-trump-world-economy-shock-us

Not sympathetic to Trump, of course

"After decades winning in an international trading game it wrote and refereed the rules for, the US is now facing serious competition – primarily from China, but with Europe as an expensive irritant. The response of this administration is to kick over the table, and demand everyone starts again. What it ultimately wants is a cheaper dollar to revive US manufacturing and Chinese competition held off, all the while keeping the dollar as the world’s reserve currency. And the rest of the world will pay the price.

There are precedents. In October 1979, Paul Volcker, newly appointed as chair of the Federal Reserve, drove up interest rates to a remarkable 13% in a bid to tackle inflation, later raising them to 17%. Soon the US was in recession. Millions lost their jobs over the next two years, notably in manufacturing, where soaring interest rates had driven up the value of the dollar, making US exports less affordable on the world market. After a light easing of interest rate hell by the Fed, Volcker applied a second dose of the medicine, driving interest rates up to 19% and forcing the economy back into a double-dip recession. Unemployment peaked at around 10% in late 1982.

But by mid-1983, inflation had come down to 2.5%. For the rest of the 1980s, the US economy boomed. The “Volcker shock” appeared to have worked. Volcker is today a folk hero among central bankers: Ben Bernanke, chair of the Federal Reserve during the 2008 crisis, praised Volcker’s “independence” and willingness to brazen out the political storm."

Re: Fascinating

Anonymous Coward

> by mid-1983, inflation had come down to 2.5%. For the rest of the 1980s, the US economy boomed. The “Volcker shock” appeared to have worked.

Wasn't the largest market crash the one of 1989? but the Fed pumped so much money into it that people didn't notice. Just more rich-get-richer, poor-get-poorer.

So from 1983-1988 the market boomed. Then it utterly collapsed in 1989. This came at a cost of the entire manufacturing industry, which the US has been trying it's damndest to get back for the past 15-20 years, once it started to realize what was lost, and it doesn't seem like that will happen in the next 10-30 years.

So short-term profits, for the mid-1980's, at, we now see, significant (reprehensible) long-term cost. The bankers loved it.

Re: Fascinating

Fruit and Nutcase

from the relatively safe haven of the UK

Nice invitation for a 2nd state visit you have there. Shame if it were to be withdrawn

Re: Fascinating

Jonathan Richards 1

> Trump has just picked a fight with literally the entire world.

Well, except uninhabited sub-Antarctic islands, of course. That would be nuts, it would be something that would happen if you pasted some dumb formula down all the rows of a spreadsheet full of trade figures; that wouldn't get past this team of stable geniuses, would it?

Question.

Tron

Is there a mechanism for removing an insane president from office and moving him to a secure facility where he can play golf with the golf pixies in his remaining dotage?

Re: Question.

Gary Stewart

Yes there is. Unfortunately it requires congress to do it and I hear they will get right on it after they return from vacation, sorry holiday, for at least a couple of days before they go back on holiday for a month and when they return wait for hell to freeze over (or hopefully just until midterm elections).

Let me tell you a few things

VoiceOfTruth

First, a minor fix: echo "deal-maker-in-chief" | sed s'/maker/breaker/'. Just ask Canada who made their trade deal. Hahahah.

Amongst the really 'free' countries of the world, that is countries which are not under the yoke of misnamed 'American security', trust has long been ebbing away. The USA is a weak competitor in global trade. So it has to resort to coercion to achieve its goals.

People say that Trump is a bully. But Trump is only the mouthpiece. Do not forget all the MAGA fools who chow down on their chlorinated chicken and highly processed gloop who voted for him. Trump complains that Japan does not buy American cars (in any significant quantity). Any reasonable company would ask "why not?", and see that there is not much demand for their over-priced sub-par veeeeehickles outside its home market. And even that home market is problematic.

The MAGA people who think that manufacturing jobs are going to move back on mass to the USA are deluded. They may support turning women into breeder cattle and restricting voters from registering and finding justifications for slavery in their bibles and scriptures, but a lot of these obese people will not want to work in factories doing manual work. China's factory automation and robots makes Amazon warehouses look like they were built using hobby kits.

Many years ago the steel works at Gary, Indiana went through one of its downsizing episodes. It chopped 3,000 workers. A year later, with automation, it was producing more steel than before. Those jobs disappeared forever. That is an example of what can be done. I can't imagine that Rudy Huckleberry will want to work in a field picking fruit. So what is he going to do?

We are watching the American empire collapse. It is collapsing under the weight of its national debt, greed, and laziness. I expect it will get more messy soon. Any sensible country would be looking for new friends, cos the USA is not one.

Muskheil Trumpkovich

I hope China doesn't back down, they sure AF need us less than we need them. I want to see the peasants here in pain, thanking their yawhe akbar for their sodomite leader.

beast666

Please Mr President we can't take it anymore, laughing at the deluded masses. Have mercy.

One possible reason that things aren't going according to plan
is that there never was a plan in the first place.