THEPH0NECOMPANY [he/him, comrade/them]

Adding to one reasons that China didn’t develop capitalism in the same way as Europe.

Confucianism played a huge role both culturally and politically in China at the time. There was a civil service exam that you needed to take to get into government positions, and almost all commoners would have experience with Confucius philosophy. And Confucius considered making a profit to be something that petty men do.

I think it’s one of the major reasons that the merchant classes never held the same sway with the the government as they did in Europe.

I think the 245% is referencing Chinese EV exports which already had a 100% tariff implemented on them by the Biden admin. So it’s the 145% plus the 100% previous tariff