China to raise reciprocal tariffs on U.S. goods to 84%

So everything made in China coming into the US is more expensive for the consumer, and anything made in the US and exported to China is more expensive, meaning less of it will be bought.<p>Double gut punch for Americans. Hold onto your hats, it’s about to get capital letters BAD.

Surprised they&#x27;re only taxing goods...<p>Why not tax services (banking, insurance, etc)?<p>Why not tax IP (pay a tax of ¥30 for every viewing of a US film)<p>Why not tax foreign business? McDonald&#x27;s China has to pay an extra 10% tax on revenue compared to a non-US company.

I don’t know what the US sells to China, but in terms of the other direction: the U.S. will likely move towards Indian-made iPhones, the PRC-made iPhones will go to other markets. Clothing will increasingly come from Vietnam. Both countries are moving towards full free trade with the US.

Nice, hope they buy more European stuff instead, at least until they manage to just produce the same stuff within China, which they likely aim for already.

It feels like the headline needs to specify that these are actual reciprocal, tit-for-tat tariffs exactly matching (some of!) the tariffs that the USA applied on China.<p>Since Trump started calling his made up numbers reciprocal it muddies the waters.

Surely all that is going to happen is that the Chinese exporters set up intermediary companies in countries within the US&#x27;s 10% import tariff band and then just re-export their goods from there? And then just rotate countries if Trump slaps a bigger tariff on those countries? Feels like they could keep this going pretty easily until Trump leaves office. Or is there something in place to prevent this?