China once again “agreed” to match whatever tarriff number Trump spewed out with their own tarriffs, which is now 10% for 90 days…. Which is what they were doing the whole time…. That is not what Trump wanted at all. Trump wants the US to have higher tariffs because he wants to rebalance trade. Trump surrendered in the trade war… nothing was gained.
It’s hard for a person not in the weeds of tariffs to follow, but I’m pretty sure with this 90 days 30% rate, China now has lower tariffs than Japan, Vietnam, and a bunch of other Asian countries. So if anything China now has an edge. Don’t get me wrong, I doubt any business who had already shifted factories to Vietnam or Cambodia or even India would consider going back to China even if it’s rates are now lower (temporarily), but companies still doing bizness w/China now have a temporary 10-20% advantage. It’s just an illustration how messed up this whole thing is.
There are real issues with China. China does not uphold intellectual property agreements. China does run phone rooms that commit identity fraud in the us(shown on 60 minutes last night). These are the issues we should be primarily be dealing with but no, Trump does this tariff nonsense instead.
We already have a 103 page tariff and trade deal thread. Trump finalizes tariffs on Canada, Mexico, China, triggering likely trade war | Page 103 | Swamp Gas Forums
market is down, prices are up, unemployment is up, people are starving, our allies don't trust us, our enemies love us..you have a curious definition of winning..
What won’t be talked about is the long term distrust of Americans and American policies. We used to be the most stable government on the planet. No more.
lack of intelligence sharing, loss of faith of the dollar as the world reserve currency, loss of status in developing countries where China is happily stepping in to dominate africa, dismantling of the systems that have made the us best in world in science, humanitarian aid, the amount of damage being done just keeps going. seemingly intelligent people refusing to acknowledge the obvious.
I called it this morning when I called it this morning when discussing with an old Navy buddy. MAGA is gullible enough to think this is a win.
This is simply too funny. You guys think he’s a great negotiator and naively believe he has a plan so you get worked up over what was the announcement of a non-deal to a crisis manufactured by Trump in the first place. Will you never realize you’re his marks, he’s not a business or econ genius, and what he’s doing is harming the US?
if Trump healed cancer you guys on the left would find some way to poo poo it- we get it- for y'all orange man bad no matter what happens- you are cheering for his failure- 190 more weeks
See the difference is Maga pisses itself when Trump "declares" a win but in actuality it's nothing but a "concept of a win". As of now he's basically lost on everything he ran on.
He literally negotiated a pause to a trade war he created in the first place and you’re calling it a win. It’s not, not even close.
Can you outline the gains from this deal? Is it the lower tariffs rates, which are still much higher than they previously were on both sides?