Trade war: Is China equipped to deal with US tariffs? • FRANCE 24 English
Donald #Trump announced that he would suspend his “reciprocal #tariffs” on #imports to the #US mere hours after they went into effect Wednesday, but further increased the levy on imports from #China to a whopping 125%. Can China cope with the high tariffs? FRANCE 24’s Business Editor Charles Pellegrin explains.
#Trade #US #China
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2 comments
The Art of the DEAL, but the deal was NOT tariffs. The tariffs were the tool to drive the markets down. Then he and his billionaire buddies bought right before announcing the "Pause". Now the markets are rising. At some point there will be rumblings of the tariffs coming back, the markets will start to slip. They'll sell and then the tariffs will be back "on" the market will tank again. Rinse, Wash, rinse again, repeat.
10% is still huge.
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