So this is like, extremely bad right? Someone tell me this isn’t extremely bad please
ModsAreLiterally1984 on
>The impact on manufacturing inputs from China was equally severe, particularly in key manufacturing inputs such as plastics, off 45.4%; copper, off 31.1%; and wood products, down 24%.
>These materials, crucial to industrial and manufacturing supply chains, now face significant tariff pressure. The situation intensified on April 10 when the White House pushed tariffs on Chinese goods to a staggering 145%, combining a previously announced 125% rate with an additional 20% import tax.
It is interesting to think about how poorly designed these tariffs are. There doesnt appear any goal at all except to completely isolate the US from every other country.
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So this is like, extremely bad right? Someone tell me this isn’t extremely bad please
>The impact on manufacturing inputs from China was equally severe, particularly in key manufacturing inputs such as plastics, off 45.4%; copper, off 31.1%; and wood products, down 24%.
>These materials, crucial to industrial and manufacturing supply chains, now face significant tariff pressure. The situation intensified on April 10 when the White House pushed tariffs on Chinese goods to a staggering 145%, combining a previously announced 125% rate with an additional 20% import tax.
It is interesting to think about how poorly designed these tariffs are. There doesnt appear any goal at all except to completely isolate the US from every other country.