US and China reach a deal to slash sky-high tariffs for now, with a 90-day pause
apnews.com
U.S. and Chinese officials said they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war for more talks on resolving their trade disputes.

The U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

  • magic_lobster_party@fedia.io
    128·
    2 days ago
    1. Deliberately put your own house on fire.
    2. Let it burn!
    3. Nvm, let’s put out these flames.
    4. Brag about how you saved the house from destruction.

    Art of the deal!

      • ColeSloth@discuss.tchncs.de
        5·
        1 day ago

        It’s kinda worse, now. At 30% there’s zero chance “US manufacturing” would ever be able to compete with Chinese manufacturing, so it’s just a 30% tax on the US people that we’re going to be handing over.