125%

Of all the countries that did not kiss Dump’s ass and call him sir, it appears that China did not do either of those things the most.

Beijing increased its tariffs on U.S. imports to 125% on Friday, hitting back against U.S. President Donald Trump’s decision to hike duties on Chinese goods and raising the stakes in a trade war that threatens to up-end global supply chains.

China’s retaliation intensified the economic turmoil unleashed by Trump’s tariffs, with markets tumbling further and foreign leaders puzzling how to respond to the biggest disruption to the world trade order in decades.

Chinese leadership indicated that if Dump hikes tariffs again, it will do something else in response. But how go the stonks?

The brief reprieve for battered stocks seen after Trump decided to pause duties for dozens of countries for 90 days quickly dissipated, as attention returned to the escalating trade conflict between the U.S. and China.
The tit-for-tat increases stand to make goods trade between the world’s two largest economies impossible, analysts say. That commerce was worth more than $650 billion in 2024.

Global stocks fell, the dollar slid and a sell-off in U.S. government bonds picked up pace on Friday, reigniting fears of fragility in the world’s biggest bond market. Gold, a safe haven for investors in times of crisis, scaled a record high.

Eeek, the recession/depression high-wire act sure is difficult. That could be why leaders who aren’t ignorant piles of skin don’t attempt it.

Trump had told reporters at the White House on Thursday that he thought the United States could make a deal with China and said he respected Chinese President Xi Jinping.

Anyone who believes Rumpledthinskin could respect another person is a bigger dipshit than he is. Meanwhile, Xi is doing more enemy of the U.S. stuff, like attempting to forge a deeper alliance with other nations that might not be so thrilled with the U.S. shitshow.

Xi, in his first public remarks on Trump’s tariffs, told Spanish Prime Minister Pedro Sanchez during a meeting in Beijing on Friday that China and the European Union should “jointly oppose unilateral acts of bullying,” in a clear swipe at Trump’s tariff policies.