As US and China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims
apnews.com
The way President Donald Trump sees it, beating China in a trade war should be easy. After all, the Chinese sell Americans three times as much stuff as Americans sell them.

President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war.

  • shawn1122@lemm.eeEnglish
    14·
    19 hours ago

    The only way this could hypothetically accomplish reshoring is if it was heavily government subsidized which has not been the stated intention. Trump wants to keep tariff revenue to enrich himself and his cronies.

    No one is investing millions to reshore when Trump changes his mind on tariffs every few days.

    • oozynozh@lemm.eeEnglish
      2·
      3 hours ago

      Trump even reversed the domestic industrial subsidies that Biden signed in so double dumbass for that one