China to impose a 34% tariff on imports of all U.S. products starting April 10.

@newjaninev2 Not necessarily. America can still export the same amount to China. But the Chinese will add a tariff of 34% to be paid by the Chinese recipient.

@whowasthatmaskedman Exactly - and the tariff will be passed on to the Chinese consumer through an increase in the price, so the Chinese consumer will seek goods imported from elsewhere, or manufactured in China.

@newjaninev2 True. But here is the thing. China buys so little from America compared to what it sells America. The way Trumps people (I dont credit him with being able to make change) have worked out the tariff numbers is as if each nation trades the same amount to its trading partner that it buys from them. Comparing apples with Apples. Not only does America not to do. (no one does) But America buys over a $trillion more every year from round the world than it sells to the world.. Paying for it with fiat currency effectively an IOU.. That cant go on.😷

@whowasthatmaskedman It seems the trump circus decided tariff rates by using a simplistic method along the lines of exports divided by imports as a percentage and dividing that by two.

I'll if I can find the article...

@newjaninev2 I heard an explanation of it. Apart from being a terrible idea. The execution was deeply flawed..😷

@newjaninev2 /s!