News for hackers. Stuff that matters.

A comment on US Administration announces 34% tariffs on China – 20% on EU. Parent comment

Re:US Administration announces 34% tariffs on China – 20% on EU by giantg2 on Thursday April 03, 2025 @06:16AM (#43567451)
"because there will be domestic overproduction."

Is that from a decrease in demand, or an increase in supply from other countries? I'm curious what the price elasticity of demand looks like for Chinese imports.

[ Parent | on HN ]
Re:US Administration announces 34% tariffs on China – 20% on EU by darkwizard42 on Thursday April 03, 2025 @06:27AM (#43567528)
My interpretation is: it’s domestic overproduction because China isn’t exporting as much to US so it will consume domestically and then not have need for imports from the other SE Asia countries.
[ Parent | on HN ]
Re:US Administration announces 34% tariffs on China – 20% on EU by giantg2 on Thursday April 03, 2025 @06:59AM (#43567812)
My question is more about where the US is then importing from. I assume some goods are more elastic than others. So will the US simply stop buying, or will it shift to buying elsewhere with lower tarrifs?
[ Parent | on HN ]