After what China did to us with COVID-19, payback is going to be a bitch… Little Winnie the Pooh Xi is about to get hit with 104% tariffs on all Chinese junk coming into this country after Xi tried to play tough guy with 34% tariffs on US goods going to China.
Now this is more like.. After what China has done to us with COVID, currency manipulation, stealing intellectual property and sending us their total crap, it’s time for China to put up..
This will completely crash China’s stock market, and that’s a good thing.
President Donald Trump will slap 104-percent tariffs on China at midnight Tuesday, April 8, after President Xi Jinping refused to withdraw retaliatory tariffs placed on the United States.
Last week, Trump announced reciprocal tariffs on countries that have historically imposed high tariffs on the U.S., including China, which faced a 34 percent tariff in addition to existing tariffs on its goods.
In response, China’s state-run Global Times called the reciprocal tariffs a tool to “blackmail” China and a “tool for extreme pressure and to pursue selfish interests.”
Likewise, Xi announced a 34-percent retaliatory tariff on the United States. Trump then announced that China will face an additional 50-percent tariff if the retaliatory tariffs are not withdrawn.
On Tuesday, reports indicated that Xi had no plans to withdraw the retaliatory tariffs and White House Press Secretary Karoline Leavitt confirmed that the combined 104-percent tariffs on China would go into effect at midnight.
“Countries like China, who have chosen to retaliate and try to double down on their mistreatment of American workers, are making a mistake,” Leavitt said. “President Trump has a spine of steel, and he will not break.”