Trump says China tariffs will drop ‘substantially – but it won’t be zero’

7 comments

1. Submission Statement: Donald Trump said during a White House news conference that high tariffs on goods from China will “come down substantially, but it won’t be zero”.
   Trump’s remarks were in response to earlier comments on Tuesday by treasury secretary Scott Bessent, who said that the high tariffs were unsustainable and that he expects a “de-escalation” in the trade war between the world’s two largest economies.

2. The Trump who cried tariffs, Reality has been checked folks

3. Looks like China won this one.

   What this trade war made the world realize is that what’s devastating isn’t not having no access to US dollars. What’s truly devastating is not having access to the goods and commodities.

   People keep forgetting that currency is just a medium used to facilitate trade, but the result of the trade and getting access to the goods is what is ultimately important.

   China has the goods, the capabilities to produce the goods (at a reasonable price and incredible speed) and an unparalleled supply chain. Those are the recipes for winning the trade war.

   Even if China is fully cut off from using the US dollar, do you think people will stop buying Chinese goods? Just look at Russia. Russia had no problem selling its oil, and I am sure that China won’t have problems sell its merchandises.

4. It’s likely that this has far less to do with China’s retaliatory tariffs, but far more to do with the fact that so many American businesses and low consumer prices are dependent on Chinese sourcing.

   That’s the thing with applying tariffs on China, it’s self-defeating to an extent- there needs to be some restraint on their levels (or more time given to ‘friendshore’)- 145% all at once is too much of a shock.

5. So you lost all credibility, all the friends and finally all the tarriffs to gain what? *checks notes*

   The art of the deal

6. Looks like Trump had a long conversation with the worlds most powerful man, Jerome Powell…

7. Trump folding again.

Comments are closed.