Trump tariffs live updates: 104% tariff rate on China to go into effect Wednesday - ABC News

https://abcnews.go.com/US/live-updates/trump-tariffs-live-updates-us-stronger-despite-market/?id=120551033

Boy, all Americans are about to find out now.

70 points · 5 comments · view on lemmy.world

5 Comments

ExtantHuman@lemm.ee · 26 pts · 1y

Ah yes, tripling down on something that hasn't worked previously will definitely change the outcome...

pelespirit@sh.itjust.works · 10 pts · 1y (2 replies)

I wonder what that looks like. Does it just show up in the computer system or something? Then all of those items currently in transit, what does their tariff look like? I don't envy the people who work at the ports.

bitofarambler@crazypeople.online · 14 pts · 1y

that's exactly how it works. import companies are currently cancelling all the orders from China and other countries currently en route and Americans are going to pay a lot more for whatever imported stock is left within the country and then there won't be anything from other countries in the US after a week or two: produce, meat, electronics, TP and so on.

YurkshireLad@lemmy.ca · 4 pts · 1y

Maybe their software only supports double digits for tariffs?

Yodan@lemm.ee · 4 pts · 1y

The ol' Let's undo 200 years of globalization on a whim without any internal infrastructure approach