US Administration announces 34% tariffs on China

Re:US Administration announces 34% tariffs on China – 20% on EU by rtkwe on Thursday April 03, 2025 @10:40AM (#43570403)

California produced 1.94 million gallons of olive oil in 2023. That same year the US used ~98.5 million gallons of olive oil. There just isn't enough space to produce that much olive oil in CA much less produce it profitably or in ways that wouldn't devastate the environment. And all that is ignoring that it takes around 10 years for an olive tree to get to consistent production.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by e40 on Thursday April 03, 2025 @11:21AM (#43571051)

Oh, I agree. I was just pointing out we have some, and it's going to get a lot more expensive now.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by andreygrehov on Thursday April 03, 2025 @12:18PM (#43571926)

> it's going to get a lot more expensive now

why? local producers don't pay the tariffs.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by e40 on Thursday April 03, 2025 @12:27PM (#43572063)

Because they will price their product to be just a little cheaper than the imported alternatives. This has been discussed to death, with citations, and I believe it to be true. We will see, I guess.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by andruby on Thursday April 03, 2025 @04:15PM (#43574805)

And even if they don't raise their prices to below the imported alternatives immediately, the increase in demand means they'll sell out so quickly, they'll raise their prices anyway

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by rtkwe on Thursday April 03, 2025 @12:57PM (#43572475)

Companies tend to just take the extra profit instead of keeping their prices lower than their competition for no reason.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by taeric on Thursday April 03, 2025 @01:53PM (#43573141)

I mean, if their main competitor just got price jacked by taxes, that will push the demand to them. Since they cannot scale up to satisfy the demand, a correct choice is to raise prices. You can argue that this is price gouging, but the easy counter is that this is the market reacting to the taxes and adjusting the going price.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by andreygrehov on Thursday April 03, 2025 @03:10PM (#43574019)

Fair.

[ Parent | on HN ]

Re:US Administration announces 34% tariffs on China – 20% on EU by dontlikeyoueith on Thursday April 03, 2025 @02:25PM (#43573508)

Oh look, a Trump advisor who understands nothing.

[ Parent | on HN ]