Beijing's measures come in the wake of duties imposed by U.S. President Donald Trump's administration earlier this week.
  • China’s finance ministry on Friday said it will impose a 34% tariff on all goods imported from the U.S. starting on April 10.
  • The ministry criticized Washington’s decision to impose 34% of additional reciprocal levies on China — bringing total U.S. tariffs against the country to 54% — as “inconsistent with international trade rules.”
  • U.S. stock futures and European markets fell sharply on news of the reciprocal tariffs.

https://archive.ph/ZmcZJ

  • MDCCCLV@lemmy.caEnglish
    4·
    1 day ago

    Most people recognize that communism as an actual government has been trash, but do strongly support the Nordic model with capitalism coupled with socialist-lite pro worker policies. Free trade and capitalism makes so much money that you can’t do without it, but it does suck for workers because all the money ends up with the owner class. A pro people socialist-lite Nordic model helps everyone but it needs the money from free trade to afford it.

    I do understand the difference between communism as an ideal model that only comes after socialism but that’s not how it is used in the real world.