President Donald Trump announced Wednesday that the United States will get magnets and rare earth minerals from China under a new trade deal and that tariffs on Chinese goods will go to 55%.
    • RandAlThor@lemmy.caOP
      11·
      5 days ago

      It’s a loss IMO. 55% tax on every chinese goods? Price of everyday things are going to rocket. I don’t think tariffs were not this high in the pre-world trade agreement era.

      • markovs_gun@lemmy.world
        4·
        5 days ago

        Or a lot of shit starts being “made in Vietnam” or Malaysia that looks suspiciously like it was made in China by new companies that popped up overnight.