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dead [he/him]@hexbear.net to news@hexbear.netEnglish ·
edit-2
1 day 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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1 day 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

  • invalidusernamelol [he/him]@hexbear.net
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    22 hours ago

    There was already pretty large tarrifs on China from Biden

    If China was able to bait and switch them and get the existing under Biden 100% tarrif on EVs down to 30% that’s a win. Same with solar panels.

    Edit: Only new tarrifs are paused :(

    • MarmiteLover123 [comrade/them, comrade/them]@hexbear.net
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      1 day ago

      This tarrif reduction is only to do with tarrifs from early April 2025 onwards, so the EV tarrifs are unchanged for now:

      both parties had committed to a 90-day suspension of most of the levies imposed since early April.

      • invalidusernamelol [he/him]@hexbear.net
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        22 hours ago

        Aww, I thought they tricked em

    • SmokinStalin [comrade/them]@hexbear.net
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      1 day ago

      Yo that is actually sweet. I want a chinese ev so bad.

      • 30_to_50_Feral_PAWGs [she/her]@hexbear.net
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        1 day ago

        Domestic? Sure. US export model? Ehhhh

        • SmokinStalin [comrade/them]@hexbear.net
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          22 hours ago

          Reliable chinese branded EV. Not whatever bezos is gonna do. Down to learn enough mandarin to read safety labels and shit.

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