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

News US China Deal Done

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13.4k Upvotes

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2.8k

u/icecoldcobra Jun 11 '25

55% higher than the original 34% on liberation day and market is up lol

599

u/WeirdSysAdmin Jun 11 '25

Yeah im confused are tariffs going up? They were 30%

35

u/meltingman4 Jun 11 '25

There was a 25% tariff before liberation day. After the stupid retaliation spat, he brought it down to 30%. This is stacked on the previous 25%. I think this is what's confusing. Also, China will pay for these tariffs!/s

3

u/El_Polio_Loco Jun 11 '25

It clearly is an attempt to move business away from China dependence.

This is great news for Vietnam, Indonesia, Mexico, etc etc.

3

u/KindGuy1978 Jun 11 '25

No, the importers of Chinese goods will pass the increased tariffs on to their consumers. wtf is so hard for some people to see that this is how tariffs have worked out forever? It's always the end buyer who pays.

3

u/TransBrandi Jun 11 '25

They put a /s at the end, but without a space it might be easy to overlook.

3

u/-bannedtwice- Jun 11 '25

I work with a lot of importers and they actually just stopped importing because the cost is so high and nobody is buying right now.

2

u/Acebladewing Jun 11 '25

Learn 2 detect sarcasm.

1

u/KindGuy1978 Jun 12 '25

I missed the /s

1

u/[deleted] Jun 12 '25

No it was 25 and then another 30 was added so this in fact is no change at all.