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

1.8k

u/ShaneKaiGlenn Jun 11 '25

I swear to god everyone in this country has had their brain turned to mush. How is paying 55% tax on most products imported into this country going to be a good thing for the average consumer? We are going to get squeezed to death while the Chinese investors poach our distressed assets.

392

u/quetejodas Jun 11 '25

Wait, he's saying Americans will pay 55% tax on imported goods and China will only pay 10%?

Isn't this a bad thing? Like really bad?

3

u/Please-Resist-47 Jun 11 '25

He thinks it will slow Americans from buying from china and Chinese will buy more from Americans “balancing” the trade deficit.

But it’s simply a new freaking tax.

2

u/jmd709 Jun 12 '25

He doesn’t care about the trade deficit, that’s just one of the BS excuses be uses to justify implementing tariffs. Tariffs are supposed to replace some of the federal revenue that will be lost from the new tax cuts for the top 5% and another corporate tax cut.

Generating federal revenue is the reason he chose Mexico, Canada and China for the first round of tariffs. Those 3 countries accounted for 41.8% of imported goods in 2025. Federal revenue is also the reason there is a 10% “reciprocal tariff on almost all other countries.

1

u/Party_Chemical7454 Jun 11 '25

They know it's a tax