World News

289 readers

699 users here now

Rules:

Be a decent person
No spam
Add the byline, or write a line or two in the body about the article.

founded 2 months ago

MODERATORS

[email protected]

214

Trump threatens 100% tariff on the BRIC bloc of nations if they act to undermine US dollar (apnews.com)

submitted 3 days ago by [email protected] to c/[email protected]

88 comments fedilink hide all child comments

His threat was directed at countries in the so-called BRIC alliance, which consists of Brazil, Russia, India, China, South Africa, Egypt, Ethiopia, Iran and the United Arab Emirates.

you are viewing a single comment's thread
view the rest of the comments

[–] Ab_intra 1 points 1 day ago (1 children)

No, that's the point. Both the less exspensive and the exspensive products will go up in price because of this. Just look at what happened with washing machines under Trumps first period. They went way up in price and drying machines did also go up in price. This will happen to most products in general if these tolls will be implemented. China will never pay for these tarrifs and the consumers will be the ones that has to.

[–] DarkCloud 1 points 20 hours ago

China pays in the form of making less sales/exports.

....and no, prices of Cars can't be blamed on tariffs on washing machines. Nor can market rules be derived from "what happened under Trump". COVID global supply shortages also happened under Trump.