{"id":2401242,"date":"2025-04-07T18:46:53","date_gmt":"2025-04-07T22:46:53","guid":{"rendered":"https:\/\/monetizemail.com\/magatoon\/?p=2401242"},"modified":"2025-04-07T18:53:49","modified_gmt":"2025-04-07T22:53:49","slug":"are-you-ready-to-pay-a-104-tariff-on-all-products-from-china","status":"publish","type":"post","link":"https:\/\/monetizemail.com\/magatoon\/2025\/04\/07\/are-you-ready-to-pay-a-104-tariff-on-all-products-from-china\/","title":{"rendered":"Are You Ready To Pay A 104% Tariff On All Products From China?"},"content":{"rendered":"

How many products do you have in your home right now that were made in China? \u00a0If you are like most Americans, that number is very high. \u00a0We should have never allowed ourselves to become so dependent on cheap Chinese goods, but we did. \u00a0Walmart, Target and our dollar stores are absolutely teeming with products that were manufactured in China, and now those products are about to get much more expensive. \u00a0The 34 percent \u201cretaliatory tariff\u201d that the Trump administration recently imposed on the Chinese was on top of a 20 percent tariff that the Trump administration had already imposed on them. \u00a0The White House has confirmed this. \u00a0Unfortunately, the 54 percent tariff that we were potentially facing will now rise to 104 percent thanks to an additional 50 percent tariff that will go into effect on April 9th. \u00a0Earlier today, President Trump posted the following on his Truth Social account<\/a>\u2026<\/p>\n

\n

Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th. Additionally, all talks with China concerning their requested meetings with us will be terminated! Negotiations with other countries, which have also requested meetings, will begin taking place immediately. Thank you for your attention to this matter!<\/p>\n<\/blockquote>\n

The math is very clear: 20 percent plus 34 percent plus 50 percent equals 104 percent.<\/p>\n

No matter how the pundits try to spin this, the truth is that we will be paying this tariff if we continue to purchase Chinese products.<\/p>\n

It is easy to say that we should just switch to products made in the U.S., but in thousands of cases there simply are not any similar products manufactured here.<\/p>\n

And in thousands of other cases, products that are ultimately assembled in the U.S. depend on components that come from China.<\/p>\n

Once again, we should have never allowed ourselves to get into this situation.<\/p>\n

Trying to reverse course now is going to be a major league headache. \u00a0I asked Google AI to tell me some of the products that we get from China, and it produced quite an extensive list\u2026<\/p>\n

\n

Consumer Electronics: China is a major source for smartphones, computers, video game consoles, and other electronic devices.<\/p>\n

Toys and Games: A significant portion of the toys, games, and sporting goods imported into the U.S. come from China.<\/p>\n

Furniture and Bedding: China is a major source for furniture, bedding, and other home goods.<\/p>\n

Textiles and Clothing: China is a major source for textile products and clothing.<\/p>\n

Machinery and Electrical Equipment: China is a major source for machinery, nuclear reactors, boilers, and electrical equipment<\/p>\n

Other Products: China also supplies the U.S. with items like lithium-ion batteries, plastics, and miscellaneous manufactured goods.<\/p>\n

Food: While a small percentage of the U.S. food supply comes from China, it is a major supplier for specific items like apple juice, garlic, canned mandarin oranges, fish, and shrimp.<\/p>\n<\/blockquote>\n

At this point, a list of things that we don\u2019t get from China might be shorter.<\/p>\n

I am particularly concerned about what these tariffs will do to the pharmaceutical industry, because Google AI says that the vast majority of the active ingredients in our pharmaceutical drugs are imported from China\u2026<\/p>\n

\n

While it\u2019s difficult to pinpoint an exact percentage, a significant portion of raw materials for pharmaceutical drugs in the U.S. come from China, with estimates suggesting that around 80% of active pharmaceutical ingredients (APIs) are sourced from China and other countries like India.<\/p>\n<\/blockquote>\n

We are in so much trouble.<\/p>\n

Bill Ackman is warning that unless these tariffs are rolled back we are headed into a \u201cself-induced economic nuclear winter\u201d<\/a>\u2026<\/p>\n

\n

Billionaire fund manager Bill Ackman, a staunch President Trump ally, has warned that the world is on the brink of \u201cself-induced economic nuclear winter\u201d as he begged the commander-in-chief to pause his sweeping tariffs.<\/p>\n

\u201cThe President has an opportunity on Monday to call a time out and have the time to execute on fixing an unfair tariff system. Alternatively, we are heading for a self-induced, economic nuclear winter, and we should start hunkering down,\u201d Ackman wrote in a lengthy X post Sunday night.<\/p>\n

\u201cMay cooler heads prevail.\u201d<\/p>\n<\/blockquote>\n

Bill Ackman wouldn\u2019t have become a billionaire if he wasn\u2019t extremely sharp, and I agree with his assessment.<\/p>\n

The outlook for the months ahead is extremely dismal.<\/p>\n

In fact, BlackRock CEO Larry Fink is admitting that most CEOs that he talks to \u201cwould say we are probably in a recession right now\u201d<\/a>\u2026<\/p>\n

\n

BlackRock CEO Larry Fink said that the stock market could see declines deepen by another 20% amid uncertainty over President Donald Trump\u2019s tariffs and that CEOs are telling him they think the U.S. economy is likely already in a recession.<\/p>\n

\u201cMost CEOs I talk to would say we are probably in a recession right now,\u201d Fink told the Economic Club of New York on Monday. Tariffs are expected to make a wide variety of products more expensive, exacerbating inflationary pressures that have been persistent in recent months.<\/p>\n<\/blockquote>\n

As I discussed on Friday<\/a>, our economic momentum has been taking us in the wrong direction for a long time.<\/p>\n

And now these tariffs are going to introduce a tremendous amount of chaos into the equation.<\/p>\n

As a result of the tariffs that were just imposed, Volkswagen is actually \u201cholding 37,000 cars at US ports\u201d<\/a>\u2026<\/p>\n

\n

Volkswagen is holding 37,000 cars at US ports amid tariff turmoil.<\/p>\n

Audi, the luxury arm of the world\u2019s second largest global automaker, has confirmed it\u2019s in a high-stakes holding pattern triggered by President Donald Trump\u2019s 25 percent tariff on imported vehicles.<\/p>\n

The affected cars arrived in the U.S. the same day Trump announced the sweeping levies. Now, they sit idle as VW considers its next move. Executives are thought to be hoping for either a presidential U-turn or a chance to negotiate a lower rate.<\/p>\n<\/blockquote>\n

How long can they possibly hold these vehicles at our ports?<\/p>\n

Of course the U.S. auto industry is going to be hit really hard as well<\/a>\u2026<\/p>\n

\n

If President Trump\u2019s trade war has a physical battleground, it is Michigan, where companies and workers are already feeling the beginning of an onslaught that could blow a hole in the state\u2019s economy.<\/p>\n

Nearly 20% of the economy is tied to the auto industry, which has become increasingly dependent on parts and vehicles from Canada, Mexico and China\u2014imports Trump hit with steep tariffs in recent weeks. This trade has grown so large that Michigan ranks fifth in the nation by the size of its imports and exports, even though its total economy ranks 14th.<\/p>\n<\/blockquote>\n

Even before the tariffs were announced, it was clear that a major slowdown was now upon us.<\/p>\n

For example, the number of commercial bankruptcies in March 2025 was much higher<\/a> than the number of commercial bankruptcies in March 2024\u2026<\/p>\n

\n

More companies filed for Chapter 11 bankruptcy protection in March than a year ago, indicating economic stress among U.S. businesses, according to the American Bankruptcy Institute (ABI).<\/p>\n

\u201cCommercial Chapter 11 bankruptcy filings increased 20 percent in March 2025, with filings climbing to 733 from the 611 filings registered in March 2024,\u201d ABI said in an April 3 statement<\/a>.<\/p>\n<\/blockquote>\n

And during the first three months of this year, U.S. banks filed to close hundreds of local branches<\/a>\u2026<\/p>\n

\n

Banks filed nearly 400 notices for the planned closures of some of their locations across the U.S. in the first three months of the year, according to the Office of the Comptroller of the Currency\u2019s (OCC) records.<\/p>\n

Only some of these branches have already shut their doors. The closure of others has received approval from the OCC but has not yet been carried through by the bank, which may ultimately decide against it. Many are pending approval from the OCC, an independent federal agency which safeguards the U.S. banking system, making sure it remains accessible to underserved consumers and communities.<\/p>\n<\/blockquote>\n

I have been warning that it was not going to take much to push the U.S. economy over the edge.<\/p>\n

Unfortunately, we just got a really big shove.<\/p>\n

We have been through so much economic pain over the past four years, and I know that a lot of people out there were quite eager for better times to arrive.<\/p>\n

Sadly, what we are about to experience is not going to be pleasant at all.<\/p>\n

Michael\u2019s new book entitled\u00a0\u201cWhy\u201d<\/a>\u00a0is available\u00a0in paperback<\/a>\u00a0and\u00a0for the Kindle<\/a>\u00a0on Amazon.com,\u00a0and you can subscribe to his Substack newsletter at\u00a0michaeltsnyder.substack.com<\/a>.<\/strong><\/p>\n

<\/a><\/p>\n

About the Author:<\/strong>\u00a0Michael Snyder\u2019s new book entitled\u00a0\u201cWhy\u201d<\/a>\u00a0is available\u00a0in paperback<\/a>\u00a0and\u00a0for the Kindle<\/a>\u00a0on Amazon.com. He has also written eight other books that are available on Amazon.com including\u00a0\u201cChaos\u201d<\/a>,\u00a0\u201cEnd Times\u201d<\/a>,\u00a0\u201c7 Year Apocalypse\u201d<\/a>,\u00a0\u201cLost Prophecies Of The Future Of America\u201d<\/a>,\u00a0\u201cThe Beginning Of The End\u201d<\/a>, and\u00a0\u201cLiving A Life That Really Matters\u201d<\/a>.\u00a0 When you purchase any of Michael\u2019s books you help to support the work that he is doing.\u00a0 You can also get his articles by email as soon as he publishes them by subscribing to his\u00a0Substack newsletter<\/a>.\u00a0 Michael has\u00a0published thousands of articles on\u00a0The Economic Collapse Blog<\/a>,\u00a0End Of The American Dream<\/a>\u00a0and\u00a0The Most Important News<\/a>, and he always freely and happily allows others to republish those articles on their own websites.\u00a0 These are such troubled times, and people need hope.\u00a0 John 3:16 tells us about the hope that God has given us through Jesus Christ: \u201cFor God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life.\u201d\u00a0 If you have not already done so, we strongly urge you to invite Jesus Christ\u00a0to be your Lord and Savior<\/a>\u00a0today.<\/p>\n

The post Are You Ready To Pay A 104% Tariff On All Products From China?<\/a> was first published by Michael Snyder on The Economic Collapse Blog<\/a> and is republished here with his permission. Please support his efforts.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

How many products do you have in your home right now that were made in China? \u00a0If you are like most Americans, that number is very high. \u00a0We should have never allowed ourselves to become so dependent on cheap Chinese goods, but we did. \u00a0Walmart, Target and our dollar stores are absolutely teeming with products …<\/p>\n","protected":false},"author":127,"featured_media":2401244,"comment_status":"close","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[25],"tags":[71],"class_list":["post-2401242","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-us-news-politics","tag-opinion"],"_links":{"self":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2401242","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/users\/127"}],"replies":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/comments?post=2401242"}],"version-history":[{"count":1,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2401242\/revisions"}],"predecessor-version":[{"id":2401243,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/posts\/2401242\/revisions\/2401243"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/media\/2401244"}],"wp:attachment":[{"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/media?parent=2401242"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/categories?post=2401242"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/monetizemail.com\/magatoon\/wp-json\/wp\/v2\/tags?post=2401242"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}