China Strikes Back, Trump Spirals Out Of Control
As China and the EU retaliate with massive tariffs, Donald responds with what could be the most sinister move of his presidency
At midnight last night, Trump’s 104% tariffs on China went into effect — which is effectively a 104% additional sales tax on all Chinese imports that will be paid by the American consumer.
A.k.a. the man who promised to lower prices just raised prices — bigly.
This morning…
China clapped back at Trump’s tariffs by imposing a retaliatory 84% tariff on all American imports — which will now harm any American businesses that sell to China, as Chinese importers will be less incentivized to purchase from us in order to avoid paying the 84% tariff.
Plus…
The European Union has approved a 10–25% retaliatory tariff against American imports as well, which will further deter Europe from purchasing U.S. goods.
In other words…
Not only are Trump’s tariffs taking away customers from small businesses that sell overseas, but he’s also making the cost of imports exponentially more expensive — which will cripple small businesses that rely on imports for their products and infrastructure.
Meanwhile, he’s jacking up the price of all the tech, commodities, games, cars, toiletries, clothes, and other goods that come from China by more than double — and that’s not including the tariffs he’s imposed on Canada, Mexico, and the EU.
At the same time…
Trump is gaslighting the nation into believing that everything is going great, despite erasing all of Biden’s stock market gains since 2022.
In fact, here’s what the felon posted at this morning’s stock market open:“THIS IS A GREAT TIME TO BUY!!! DJT”
That is the President of the United States telling us, effectively, to ‘buy the dip’ — which is either the most corrupt post of all time or the most evil post of all time.