Countries to lower reciprocal tariffs by 115% as US treasury secretary says ‘neither side wants a decoupling’
China and the US have agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with reciprocal tariffs to be lowered by 115%.
The 90-day lowering of tariffs applies to the duties announced by Donald Trump on 2 April, which ultimately escalated to 125% on Chinese imports, with Beijing responding with equivalent measures.
China also imposed non-tariff measures, such as restricting the export of critical minerals that are essential to US manufacturing of hi-tech goods.
watch closely. prices will still rise. blame will still be placed on the war. note who does this. the problem, of course, is capitalism
All 90 days does is increase the pricing on shipping for the next 30-60 days while everyone tries to import in preparation for the resume of the import taxes.
exactly
Yes, it will, and to a large extent rightly so. I’d hope you understand that this insane fucking whiplash means the following:
I’m 100% certain there are things I’m failing to consider here. Trump moved past the point on the curve where deformation can be considered elastic.
I work in a factory in R&D, we are planning a factory out. What you are saying is absolutely true. After a certain point the tariff walk backs are irrelevant because big purchases have already been made which locks the choice in. This point has already been hit and upper management, hell honestly even vendor we talk to, has zero confidence in how everything will play out until trumps out of office.
i think your points are, indeed, completely on point. no pun intended. I think, on a long enough time scale, prices on consumer products will follow the same ever adapting and almost instantly changing formulas fuel prices have.
“cApiTAhlizm bAd”
This shits so old here. All you people just parrot eachother. Money is the problem. Not your boogeyman capitalism.
Trump’s the real problem here.
one can have money and be fine. one cannot pretend there is an invisible market controlling your choices as a business owner; it’s gaslighting and sociopathic.
You’re conflating free markets with capitalism. They’re different.
they are different but in the context here - a lot of folks will be a lot of screwed because a lot of assholes will “pretend” they “need” to raise prices because of “trump.” He’s a symptom not a cause.
Amazingly capitalism bad is always only brought up with America on lemmy. Which is apparently the only capitalist country in the world.
It’s propaganda and people are eating it up.
This “trade war” has nothing to do with capitalism. It’s only a thing because of trump.
trump is a capitalist. china is capitalist. what are you talking about?
I know it can be difficult sometimes. But try to stay focused.
What happening in the rest of the world?
Oh, rising fascism?
No through line there.
I guess we should solely place the blame on a singular person instead of taking any time to consider the systems that create these outcomes in the first place. You are very smart because you know trump is the singular issue and nothing else is wrong with the world. Capitalism is working perfectly everywhere but America, right?
How’s British housing going? How’s Germany doing with the antisemitism thing? What’s italy up to these days? All irrelevant and pointless questions that have nothing to do with trump and therefore aren’t bad.
I have a lot to learn I guess.
Entirely missing the point. But I’m glad you got that off your chest.