Countries to lower reciprocal tariffs by 115% as US treasury secretary says ‘neither side wants a decoupling’
China and the US have agreed a 90-day pause to the deepening trade war that has threatened to upend the global economy, with reciprocal tariffs to be lowered by 115%.
The 90-day lowering of tariffs applies to the duties announced by Donald Trump on 2 April, which ultimately escalated to 125% on Chinese imports, with Beijing responding with equivalent measures.
China also imposed non-tariff measures, such as restricting the export of critical minerals that are essential to US manufacturing of hi-tech goods.
What happening in the rest of the world?
Oh, rising fascism?
No through line there.
I guess we should solely place the blame on a singular person instead of taking any time to consider the systems that create these outcomes in the first place. You are very smart because you know trump is the singular issue and nothing else is wrong with the world. Capitalism is working perfectly everywhere but America, right?
How’s British housing going? How’s Germany doing with the antisemitism thing? What’s italy up to these days? All irrelevant and pointless questions that have nothing to do with trump and therefore aren’t bad.
I have a lot to learn I guess.
Entirely missing the point. But I’m glad you got that off your chest.