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dead [he/him]@hexbear.net to news@hexbear.netEnglish ·
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2 days ago

US-China Joint Statement: US tariff on Chinese goods reduced to 30%, China tariff on US goods reduced to 10%, agreement lasts for 90 days

www.cbsnews.com

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US-China Joint Statement: US tariff on Chinese goods reduced to 30%, China tariff on US goods reduced to 10%, agreement lasts for 90 days

www.cbsnews.com

dead [he/him]@hexbear.net to news@hexbear.netEnglish ·
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2 days ago
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U.S. and China to ease tariffs significantly for 90 days, White House announces
www.cbsnews.com
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The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.

https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/

https://english.news.cn/20250512/3bfe051fddb1495abced83014ba39298/c.html

  • RNAi [he/him]@hexbear.net
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    1 day ago

    Nothing ever happens proved right once again

    • nohaybanda [he/him]@hexbear.net
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      1 day ago

      Kinda disagree on this. 30% is still a massive mark up that will torpedo a lot of businesses. But it’s also small enough that Trump will look like he caved to the Chinese. Real art of the deal galaxy brain move

      • SkingradGuard [he/him, comrade/them]@hexbear.net
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        1 day ago

        that Trump will look like he caved to the Chinese.

        Idk, his followers and the media infrastructure surrounding it will play it as a win. And it sort of is (they will likely go extra hard even more on war with China now as they more slowly decouple, especially with that Hegseth at the helm, who wants to nuke China personally in his “crusade”).

        • CleverOleg [he/him]@hexbear.net
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          1 day ago

          Trump is talking about how he is getting China to “open up their markets” like he’s fucking Commodore Perry or something. I have no idea what that means, likely BS but who knows with him.

          • buh [she/her]@hexbear.net
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            1 day ago

            :richald-trixon:

        • ProletarianDictator [none/use name]@hexbear.net
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          1 day ago

          Never doubt the Trump camp’s ability to spin any news as a win

      • RNAi [he/him]@hexbear.net
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        1 day ago

        inshallah

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