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Rumblestiltskin@lemmy.ml

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war (www.nbcnews.com)

submitted 3 weeks ago by humanspiral@lemmy.ca to c/economics@lemmy.ml

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There is still BS fentanyl tariffs. China only slightly higher than other 2 biggest US trade partners.

I don't expect any energy, agriculture, or boeing purchases by China until fentanyl tariffs removed. Same with Chinese mineral export restrictions.

Objectively, US looks weak to walk back its measures, that were, somehow, supposed to unite world on its side, while getting nothing in return.

Would be hilarious if other nations get liberation day tariffs for 1 month while China doesn't, but if it was stupid the first time, and US is weak, then only bigger losers like UK, agreeing to buy more US stuff seems about right.

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[–] Telorand@reddthat.com 3 points 2 weeks ago

But the Dow rallied 1000 points! /s