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BREAKING: China slaps additional retaliatory 50% tariffs on all U.S. goods! China raised its tariff rate on all imports from the U.S. from 34% to 84%, starting from April 10, the Customs Tariff Commission of the State Council announced on Wednesday.

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35,001 views • 1 year ago •via X (Twitter)

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JD Vance just blatantly lied to the people of Michigan. He claimed that when Trump put tariffs on China, it caused prices to come down for the American people. This is a lie. When Trump put the tariffs on China, China retaliated by doing the same to American goods. The prices of goods did not generally come down for Americans. In fact, the opposite happened in many cases. Tariffs are essentially a tax on imported goods, and when these tariffs were applied to Chinese products, the increased costs were often passed on to American consumers in the form of higher prices. Additionally Trump's tariffs on China had significant negative impacts on American farmers. China's retaliation led to a sharp decline in demand for American farm products from Chinese buyers, which in turn caused a drop in prices and substantial financial losses for American farmers. Trump then gave subsidies to the Farmers in order to try and fix the mess he created.
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JD Vance just blatantly lied to the people of Michigan. He claimed that when Trump put tariffs on China, it caused prices to come down for the American people. This is a lie. When Trump put the tariffs on China, China retaliated by doing the same to American goods. The prices of goods did not generally come down for Americans. In fact, the opposite happened in many cases. Tariffs are essentially a tax on imported goods, and when these tariffs were applied to Chinese products, the increased costs were often passed on to American consumers in the form of higher prices. Additionally Trump's tariffs on China had significant negative impacts on American farmers. China's retaliation led to a sharp decline in demand for American farm products from Chinese buyers, which in turn caused a drop in prices and substantial financial losses for American farmers. Trump then gave subsidies to the Farmers in order to try and fix the mess he created.

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