American levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
461 reposts2K likes
American levies on Chinese goods will drop from at least 145% to 30% for an initial period of 90 days, while Chinese levies are set to fall from at least 125% to 10% on American goods.
461 reposts2K likes
Do better @npr.org this is not a trade war, this is a self-inflicted reduction of trade put in place by Trump.
Guess the “National Emergency” is over then? What’s the plan to make up for the “$trillions” lost due to tariffs “reductions”. We were counting on the “more money than you know to do with” for tariffs “Taxcut” to buy dolls. www.businessinsider.com/trump-says-u...
www.theguardian.com/us-news/2025... There was a joint statement. This article gives the Chinese side of things a much better quote. Seeing this maybe it will happen in a week or two I don't think the Chinese side is in as big a rush as the US.