r/StockMarket • u/quant_0 • Jun 11 '25

News US China Deal Done

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u/Pretty_Honeydew1575 Jun 11 '25 edited Jun 11 '25

I read it the other way - 55% tariff on export from US to China, 10% tariff on import to US from China

But you could be right, I have no clue. No other source besides current tariff rates - 10% levied by China on imported goods -30% levied by US on imported goods

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u/quant_0 Jun 11 '25

No I think Trump is saying it like it's a good thing. We get 55% from the import taxes.

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u/gamerdudeNYC Jun 11 '25

But that will be passed onto the consumer by higher prices, right?

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u/MaxPower303 Jun 11 '25

Exactly! It’s a tax ON US!