Thursday, 24 April 2025 10:25

Make it 1000%!

Written by The Hound

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OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of 125% on the US, up from the 84% announced earlier.

That apparently pushes the tariff on US pork and pork variety meat to an eye watering 172%.

The new soybean tariff is more than 150%.

This follows Trump’s partial backdown after markets went into freefall, pausing reciprocal tariffs on most countries for 90 days, but upping the ante on China with a tariff of 145%.

Your old mate reckons once tariffs get that high, the actual number becomes academic.

The US Farm Journal concurs: “Whether the tariffs are 50% or 100%, it really doesn’t matter. Either one shuts down trade. It hurts our cotton exports, our beef and our pork.”

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