It was 145% last, before the current rate, for those curious. It only further cements your point, it no longer has real impact, importing from China is just as dead.
Comment on China now faces 245% Trump tariff
Karyoplasma@discuss.tchncs.de 2 months ago
Doesn’t matter whether it’s a 80% (or whatever it was, basically changes on a whim) or 245%. There is no difference.
Cowbee@lemmy.ml 2 months ago
TranquilTurbulence@lemmy.zip 2 months ago
These numbers are absolutely wild. Has anyone made a site for tracking this madness?
Cowbee@lemmy.ml 2 months ago
Many, it’s all over the news. It seemingly changes based on emotion though, we thought it was 125% but it was really 145%.
TranquilTurbulence@lemmy.zip 2 months ago
I’ve seen a bunch of articles, each with just the latest number and a date. In order to make a nice graph out of all of them, I would need to set up some sort of webscraping project to pool the numbers together. I’ve also seen a bunch of articles that have other types of graphs and tables that don’t really answer my question. The data is out there, but it’s scattered all over the place.
Frozengyro@lemmy.world 2 months ago
It does make a difference. Let’s say a thing you need about once a month to run your business was 10 dollars from China. You can get a similar product in the US, but it’s 30 dollars. At 80%, it’s still cheaper to get from China, 18 bucks. At 245%, it’s now 24.50 to buy from China. Still cheaper than buying from the US, but now way more expensive.
I know these are made up numbers, but it isn’t that unusual for US made items to be 3-10x the price of making it in ‘cheap labor’ countries.
buddascrayon@lemmy.world 2 months ago
Your point is fairly good but you need to recheck your math. At 145% a $10 product will be $24.50. At 245% it’s gonna be $34.50. And that doesn’t even take into account additional federal, state, and local taxes.
Ajen@sh.itjust.works 2 months ago
Non-tarrif taxes would apply equally to foreign and domestic goods and can be ignored when comparing prices.