Thursday, 24 April 2025 10:25

Make it 1000%!

Written by  The Hound

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.”

More like this

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global economic event" - Donald Trump's trade tariffs - and unsustainable debt, but with the Government reportedly borrowing $500 million a week, interest costs now exceed the combined budgets of Police, Corrections, Justice and Defence.

Can't help itself

OPINION: Greenpeace claims that the appointment of Dr John Roche as the PM's Chief Science Advisor is handing the powers to polluters.

Editorial: Winston's words of wisdom

OPINION: Foreign policy is a real strength of Winston Peter and this is recognised by Ministry for Foreign Affairs and Trade (MFAT) officials who, so the story goes, wanted him in his present role because of his experience in that field.

Featured

National

Machinery & Products

New Holland combines crack 50 years

New Holland is celebrating the 50th anniversary of the introduction its Twin Rotor threshing and separation technology, which has evolved…

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Double standards

OPINION: Imagine if the Hound had called the Minister of Finance the 'c-word' and accused her of "girl math".

Debt monster

OPINION: It's good news that Finance Minister Nicola Willis has slashed $1.1 billion from new spending, citing "a seismic global…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter