U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.
The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.
Brace yourselves.
Neverending “I fixed the problem I created. Everyone should thank me” posts incoming.
The damage has already been done. People have already decided not to buy, where not to buy and move toward austerity. Just like during covid, people don’t come back. Trump is an imbecile.
Also, it will take weeks for the whole process to get started again. Once deals are made, factories start production again, and containers are loaded onto ships, which will then take weeks to make it across the ocean. We’re talking months of supply chain shocks in the best possible case.
I’m confused is this still supposed to bring back American manufacturing?
Or is this to stop fentanyl?
What a nasty question!
Did he even say thank you?
So we still get worse prices, only this time we get them on top of self inflicted supply issues
I hate this timeline…
“Trump Backs Down And Americans Still Paying 30% Tax On Chinese Goods”
Thanks conservatives. You’re a bunch of dumbfucks.
30% tarrifs is still way too high.
doesn’t matter. still not buying anything. vote with your wallet.
President Climbdown strikes again.
Not that I mind.
Bump and dump the market……again?
A 90-day pause doesn’t do anything. People are not going to make any long-term plans based on 90 days of uncertainty. Who’s going to make a plan for 90 days when day 91 everything could change? If they done this like a month ago maybe it would have helped, but now it’s too late.
