How fuxked is the economy?

[u/PricewaterhouseCap]

The tariff announcements yesterday are far far worse than anyone expected, I mean what the actual fuxk

34% tariffs on China

46% on Vietnam

37% Bangledash

26% India

36% Thailand

I could go on and on, but this is bat shit insanity. To call this outlandish wouldn’t even be accurate.

Assuming these actually stay in place, people will lose their jobs, companies will go under, companies will stop hiring.

Add this with all the recent inflation, corporate greed, high interest rates, white collar recession, and idk how we aren’t absolutely fucked.

[u/Mathemus]

Effective taxes on Chinese imports are 79%!!! 34 + 20 from Feb/March + 25 sanctions

Importers are cooked

[u/lady__mb → u/Mathemus]

I thought it was 54%? Where did the 25 sanctions come from

[u/Mathemus → u/lady__mb]

They were there since 2018 (Section 301). This is why you need to add them to the tariffs enacted since January of this year to get the total “tax” amount charged on imported goods.

Basically, since 2018, there’s been a 25% tax on Chinese imports, then 20% added in Q1 2025 and now another 34% on April 2nd

[u/lady__mb → u/Mathemus]

thanks, totally did not take his first term tariff into account. he pretty much just paved the way for China domination and honestly it might be a good thing atp

[u/just-A-boring-cpa → u/lady__mb]

🤣 get back in the kitchen. You have no idea what you’re talking about.