U.S. and China to ease tariffs significantly for 90 days, White House announces
www.cbsnews.com
The White House says the U.S. and China have agreed to suspend for 90 days most of the tariffs imposed against each other over the last couple months.
  • space_comrade [he/him]@hexbear.netEnglish
    24·
    22 hours ago

    Why did China put lower tariffs than the US? Seems like an L, doesn’t seem like they needed to do this, what is China even buying from the US?

    • quarrk [he/him]@hexbear.netEnglish
      2·
      5 hours ago

      My guess is that China doesn’t need tariffs to outcompete nonexistent US industry. China this whole time has wanted a return to status quo and really doesn’t care for escalation just to save face.

      This lets Trump brag about winning without him actually winning much of anything