It further criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules” and “seriously” undermining Chinese interests, as well as endangering “global economic development and the stability of the production and supply chain,” according to a Google-translated report from Chinese state news outlet Xinhua.
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264 sats \ 0 replies \ @StackerJack 5 Apr freebie
Tariffs are just taxes in disguise — and both sides are playing chicken with their own economies.
US tries to fight insolvency with isolation, China responds with retaliation, and we’re left watching the fiat empires stumble around like drunk giants. Meanwhile, inflation gets baked into the cake and average folks foot the bill — again.
This isn’t just a trade war. It’s a signal: the global supply chain is fragmenting, trust is eroding, and money itself is under siege.
When the dust settles, those holding hard assets — land, energy, Bitcoin — won’t need to panic. The rest? They’ll be adjusting to $15 eggs.
Stack accordingly ⚡
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67 sats \ 0 replies \ @SimpleStacker 4 Apr
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80 sats \ 1 reply \ @SimpleStacker 4 Apr
My attitude is usually one of, "Everyone overreacts to Trump, so let's wait for this overreaction to blow over," but he's really testing my cool
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30 sats \ 0 replies \ @kepford 4 Apr
What are you gonna do? Keep your cool. It isn't gonna be the end of the world. Could be bad but you'll survive. This attitude has served me well.
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36 sats \ 3 replies \ @stack_harder 4 Apr
is there a general consensus on how this will affect Americans? just 'many things getting more expensive?
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32 sats \ 2 replies \ @kepford 4 Apr
I've heard all sorts of things and that tells me no one knows. Per usual.
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0 sats \ 1 reply \ @stack_harder 4 Apr
everything i have heard so far has been negative , vibe is usually reversed in the btc community though which is why i like SN for a different take
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0 sats \ 0 replies \ @SimpleStacker 4 Apr
Maybe this post can help slightly
#934598
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36 sats \ 1 reply \ @Solomonsatoshi 4 Apr
USA had already lost the trade war.
Now Trump is buying time- fending off insolvency with unlawful, isolationist and obstructive tariffs - the interest cost on that $36T US debt is almost $1T/year and growing.
Trumps tariffs buy a little time (not much if they are squandered upon tax cuts for himself and his wealthy corporate sponsors) but mostly adversely impact US consumers and businesses and will result in significant inflation eventually driving up interest rates and further increasing the debt burden.
US insolvency looms.
Collapse of the USD and US empire.
All other nations will shift trade even more toward China and away from the US.
Within 5 years the global financial centre will be China/Hong Kong.
Much more trade denominated in Yuan and Euros.
USA will be reduced to a regional power standing over the Americas and estranged from Europe and traditional allies who will have come under the Chinese trading empire even more swiftly than they were already.
Trumps tariffs only make sense if the next step is war and you need to rebuild domestic supply chains in order to reduce the currently huge dependence upon Chinese supply chains.
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0 sats \ 0 replies \ @Jer 5 Apr
Heavy
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36 sats \ 0 replies \ @022fbc9cef 4 Apr
Hahaha
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36 sats \ 0 replies \ @BlokchainB 4 Apr
The war is getting hot! 🥵
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0 sats \ 0 replies \ @openyoureyes 17h
When china creates a export tax on all products shipped to the US it will get funny.
Why pay subsidy for production and then export the product without tax?
It is like paying to be able to work.
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