The White House said the higher tariff is as a result of Chinese retaliation.
  • Karyoplasma@discuss.tchncs.de
    141·
    8 days ago

    Doesn’t matter whether it’s a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.

    • Frozengyro@lemmy.world
      11·
      8 days ago

      It does make a difference. Let’s say a thing you need about once a month to run your business was 10 dollars from China. You can get a similar product in the US, but it’s 30 dollars. At 80%, it’s still cheaper to get from China, 18 bucks. At 245%, it’s now 24.50 to buy from China. Still cheaper than buying from the US, but now way more expensive.

      I know these are made up numbers, but it isn’t that unusual for US made items to be 3-10x the price of making it in ‘cheap labor’ countries. Also, this assumes there is a comparative replacement made in the US. But many machine parts have no analog or are proprietary, you must buy it from China or end that part of your business.

      • buddascrayon@lemmy.world
        61·
        8 days ago

        Your point is fairly good but you need to recheck your math. At 145% a $10 product will be $24.50. At 245% it’s gonna be $34.50. And that doesn’t even take into account additional federal, state, and local taxes.

        • Ajen@sh.itjust.works
          1·
          8 days ago

          Non-tarrif taxes would apply equally to foreign and domestic goods and can be ignored when comparing prices.

    • Cowbee [he/they]@lemmy.ml
      9·
      8 days ago

      It was 145% last, before the current rate, for those curious. It only further cements your point, it no longer has real impact, importing from China is just as dead.

        • Cowbee [he/they]@lemmy.ml
          7·
          8 days ago

          Many, it’s all over the news. It seemingly changes based on emotion though, we thought it was 125% but it was really 145%.

          • TranquilTurbulence@lemmy.zipEnglish
            2·
            8 days ago

            I’ve seen a bunch of articles, each with just the latest number and a date. In order to make a nice graph out of all of them, I would need to set up some sort of webscraping project to pool the numbers together. I’ve also seen a bunch of articles that have other types of graphs and tables that don’t really answer my question. The data is out there, but it’s scattered all over the place.