US and China slash tariffs for 90 days

https://www.thetimes.com/business-money/economics/article/us-and-china-slash-tariffs-for-90-days-qj98n9lrg

Posted by TimesandSundayTimes

7 comments

  1. The United States will temporarily slash tariffs on Chinese imports back to 30% from 145% in return for the promise of talks on the future of the two countries’ trade relationship, negotiators said on Monday.

    The Chinese side in return will cut its retaliatory tariffs on US goods to 10 per cent from 125%, Scott Bessent, the US treasury secretary, and the Chinese commerce ministry said in simultaneous statements

  2. Create a problem, then fix it. Seems like a common pattern here.

    With that said, if both sides are now engaging in a good faith negotiation, something good may come out of it.

  3. Well Donnie just exposed that the us cannot live without china.

    China on the other hand, had a dry run of how the sanctions will be like if they took Taiwan. the last major card the us has to deter china is gone.

  4. Well, there goes his idea of intimidating everyone into “deals”. IT went down as quickly as it could I believe.

    I wonder what the reminder of the presidency will look like.

  5. Bessent almost literally there going “90 days” in finger quotes.

  6. I will be surprised if Trump obtains even one meaningful concession from any country. All he’s doing is maximising his sales commission from selling Boeing planes in exchange for tariff relief at the moment.

    Maybe he could have got something out of China if he built a coalition of countries willing to pressure them together, but the temptation to backstab his allies is too strong for him to participate in an alliance.

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