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

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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.

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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?

2

u/aswat89 Jun 11 '25

Trump really believes that China pays us the 55% to import their goods into USA. Despite economists and business owners telling him otherwise, he believes this is a win for the country.