The Tariffs are failing....

[Salty Again]

... Nations stepped up and got negotiations started.
So NOW the US can enjoy free trade that's also FAIR trade.

... Yet-another WIN for President Trump!... ...

##### Salty

[VitaMan]

When you have time Salty, can you list all the completed deals ?


Meantime, millions of jobs lost.....ports operating at 60 % of capacity....impossible for businesses to
plan what to do......contracted GDP pf - 0.3 %.


I don't see WINNING here.

[txdot-guy]

And all this is temporary for the next 90 days. If they can’t come to some kind of agreement we’ll just have to do this again. And in the meantime we still have a 30% tariff still in effect.

Was this the plan all along?

[Lucas McCain]

The master bullshit joke of a negotiator sure showed China who was boss. But hey, what the fuck does Trump care? Nice of him to concede for 90 days and to stop fucking over everyone else in this country while he and his family are only enriching themselves.

It will be funny how Trump will announce this as a victory for America and his dipshit sheep will believe it. It's not a victory when you stop doing shit that shouldn't have been done in the 1st place. Meanwhile, many small businesses have lost their asses because of his sheer stupidity. That is called WINNING (for China)!

https://finance.yahoo.com/news/xi-de...212056893.html

Monday a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30% from 145% for a 90-day period, while Beijing dropped its levy on most goods to 10%.

The dramatic reduction exceeded expectations in China, and sent the dollar and stocks soaring — providing some much-needed market relief for Trump, who is facing pressure as inflation looks set to speed up at home. Chinese equities also surged.

The deal ended up meeting nearly all of Beijing’s core demands. The elevated “reciprocal” tariff for China, which Trump set at 34% on April 2, has been suspended — leaving America’s top rival with the same 10% rate that applies to all countries including the UK, a longtime ally that reached a deal with the US last week.

[VitaMan]

"Larry Summers, former treasury secretary, on Monday said it was President Donald Trump who caved in the U.S.-China trade war. In an interview with CNN’s “The Arena,” Summers said “it’s very clear” that Trump was the one to blink here.

“We had said that we were determined to impose these policies for an indefinite period,” Summers said. “China didn’t make any consequential or significant change in its policies.”

Summers credited Treasury Secretary Scott Bessent, who led the delegation representing the U.S. in the Geneva talks with China, for reaching an agreement with Beijing under the circumstances.
“Look, sometimes it’s good to blink when you make a mistake, it’s usually best to correct it and retreat, even if it’s a little bit embarrassing,” he said.

Xi seemed to make a subtle reference to the U.S. in his first remarks since the trade war pause.

“There are no winners in tariff wars or trade wars,” he said,. “Bullying or hegemonism only leads to self-isolation.”