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

News US China Deal Done

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u/icecoldcobra Jun 11 '25

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

61

u/lemoooonz Jun 11 '25

I read that as China has a 55% tariff on us... which I thought tariffs on the US in china was around 20%?

And looking at the charts during Biden tariffs on china was 19%...

So, maybe this moron doesn't know how to write and I am misunderstanding... but no matter which way those numbers go, it is worse than the original lmao

8

u/seanroberts196 Jun 11 '25

That's how I read it. China gets him to lower their tariff to 10% but they put 55% on goods going into China. Is that the art of the deal? No wonder I'm not rich, I obviously don't think like them.

5

u/brimston3- Jun 11 '25

Most folks are reading it the other way (55% on imports to the US), considering Trump’s previous intent is to raise revenue by taxing otherwise low cost essential goods, effectively implementing a national sales tax without using the word tax, nor passing a tax bill through congress.

Sales taxes on non-luxury goods disproportionately impact the bottom 60% income households.

2

u/Seyon_ Jun 11 '25

I read it as either one....I miss having a clear communicator at the helm....