RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 1 day ago

Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war

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Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war

RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 1 day ago

As US and China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims

The way President Donald Trump sees it, beating China in a trade war should be easy. After all, the Chinese sell Americans three times as much stuff as Americans sell them.

President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war.

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Angry_Autist (he/him)@lemmy.world
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The damage is done, we will be in Depression 2.0 by midsummer

Supply chain is already broken, it will take months to rebuild if they ended the tariff bullshit RIGHT NOW

But as slow as this is moving, we’re going to see massive layoffs in shipping infrastructure and that will take YEARS to rebuild

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