- cross-posted to:
- economics@lemmy.world
- cross-posted to:
- economics@lemmy.world
- China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
- The ministry 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.”
- U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.
Who’s gonna benefit from all this extra taxes? Public services will sky rocket in 2025!
It will be used to bail out companies, who struggle to financially survive. The money will go to the higher managements though.
Ah, so no change.
The change is that companies will use this to commence the massive layoffs once again citing hard financial times but still pay the execs the same big bucks
So government controlled companies.
…
Elon Musk laughing
No they won’t.
With his embarrassing hysterical laugh
People with lots of money to buy low.
The people who pay taxes don’t have extra money to pay extra taxes, so they will not be able to pay extra taxes and no extra tax will be collected.
Nobody benefits.