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U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war (1 Viewer)

anatta

anatta

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90 day pause. leaves tariffs on Chinese exports at 30% / US exports are 10%.. read the entire link for details
www.nbcnews.com

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.
www.nbcnews.com www.nbcnews.com
HONG KONG — The United States and China said Monday that they had agreed to a 90-day pause on most of the tariffs they have imposed on each other since last month, sending stocks soaring amid hopes of an easing trade war between the world's two largest economies.

Bessent rejected the suggestion that it might have been better to start with negotiations rather than announcing a series of tariffs that caused global financial turmoil, saying the U.S. had already tried to rebalance trade by working within the system and that “business as usual” would not have worked.

In an interview Monday morning on CNBC, Bessent said that the two countries now have "a mechanism to avoid the upward tariff pressure."
 
We’re talking about China here. Hellooooo.
We’ve been f****d around by China long enough. Just like the border, he’s doing something about it.
 
www.nbcnews.com

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.
www.nbcnews.com www.nbcnews.com
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The combined U.S. tariffs rate on Chinese imports will be cut to 30% from 145%, while China’s levies on U.S. imports will be cut to 10% from 125%, the two countries said in a joint statement.
Click to expand...
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In an easing the US-China Trade War, tariffs will temporarily drop for 90 days

However under the current agreement, American citizens will be paying a 30% tax on imported goods - while Chinese citizens will only be paying a 10% tax.

Is this a good deal for American citizens?
 
Last edited:
Chomsky said:
Is this a good deal for American citizens?
Click to expand...
Yes! King Trump graciously reduced the price of Chinese imports from 145% to 30%. How can that not be good for us peasants? King Trump is truly looking out for us.

Under Sleepy Joe, China was robbing us blind. They were forcing us to buy their goods at a much lower price, and that is bad for the King's coffers. At 30%, we can make sure the King has plenty of gold to hold elaborate feasts with his court.

Long live King Trump!
 
Chomsky said:
In an easing the US-China Trade War, tariffs will temporarily drop for 90 days

However under the current agreement, American citizens will be paying a 30% tax on imported goods - while Chinese citizens will only be paying a 10% tax.

Is this a good deal for American citizens?
Click to expand...
🤣

The arsonist has made a half-assed attempt to extinguish the inferno he set. His supporters cheer as their own house burns down.
 
Airyaman said:
Yes! King Trump graciously reduced the price of Chinese imports from 145% to 30%. How can that not be good for us peasants? King Trump is truly looking out for us.

Under Sleepy Joe, China was robbing us blind. They were forcing us to buy their goods at a much lower price, and that is bad for the King's coffers. At 30%, we can make sure the King has plenty of gold to hold elaborate feasts with his court.

Long live King Trump!
Click to expand...

It still looks like we've got the wrong end of the stick.

I recently had to forgo an item from a Chinese retailor. Now it looks like I may be able to get it, but it will cost me 30% more than my last purchase.

I suppose that now I can buy it is at least some consolation.
 
Chomsky said:
www.nbcnews.com

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.
www.nbcnews.com www.nbcnews.com
--



--

In an easing the US-China Trade War, tariffs will temporarily drop for 90 days

However under the current agreement, American citizens will be paying a 30% tax on imported goods - while Chinese citizens will only be paying a 10% tax.

Is this a good deal for American citizens?
Click to expand...
So now we are back to Biden levels? I thought Republicans were opposed. Or are we still being charged for Trump's tariff increases albeit smaller?
 
Allan said:
Americans must be punished for this outrage!
Click to expand...
Yes! Now, not only will I need to pay income tax, but a national import sales tax of at least 10%, or in the case of China, 30%! But I'm told this will bring in a new golden age.

Trust King Trump!
 
Good news. Hopefully this shifts some production away from China.
 
gman said:
We’re talking about China here. Hellooooo.
We’ve been f****d around by China long enough. Just like the border, he’s doing something about it.
Click to expand...
How has China f***** you around?
That's just another lie your Dear Leader feeds his cult.
 
No mention of the farmers who are still cut out of export to China nor of China's position on rare earth minerals. I guess that's part of the future negotiations but the farmers can't wait 90 days. I also find it telling, in a bad way, that when you take out the supposed fentanyl penalty the "reciprocal" tariffs are 10% , Same level as GB who the US enjoys a trade surplus with. Ludnick has said the new benchmark is 10% . So I would say his cards are on the table! Give me something and in return you'll get 10% tariffs. Clearly trade imbalances, unfair treatment and repatriation of production have noting much to do with what amounts to a 10% national sales tax imposed by a President absent Congressional consent.
 
Chomsky said:
www.nbcnews.com

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war

The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.
www.nbcnews.com www.nbcnews.com
--



--

In an easing the US-China Trade War, tariffs will temporarily drop for 90 days

However under the current agreement, American citizens will be paying a 30% tax on imported goods - while Chinese citizens will only be paying a 10% tax.

Is this a good deal for American citizens?
Click to expand...
This is the ballyhooed 'trade deal'? A step back towards the way things were before Trump started 'fixing' it.
Trumpspeak- "Hey, we're undoing what I did a month ago! See? Progress!"
 
Allan said:
🤣

The arsonist has made a half-assed attempt to extinguish the inferno he set. His supporters cheer as their own house burns down.
Click to expand...

Yep. Trump beat us over the head with 145% tariffs, then reduced them to still screwing-us over with a 30% tax. And, we're supposed to cheer?
 
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