China and US agree to slash tariffs (www.ft.com)
from cyrano@lemmy.dbzer0.com to world@lemmy.world on 12 May 07:17
https://lemmy.dbzer0.com/post/44099660

#world

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cyrano@lemmy.dbzer0.com on 12 May 07:17 next collapse

Nothing ever happens 📈📈📈📈

blinfabian@feddit.nl on 12 May 07:36 next collapse

NOOOO PLS LET IT CONTINUEEE I WAS ENJOYING THE SHOW

tetris11@lemmy.ml on 12 May 07:41 next collapse

Aww, how sweet

neon_nova@lemmy.dbzer0.com on 12 May 07:49 next collapse

Text?

cyrano@lemmy.dbzer0.com on 12 May 08:05 collapse

archive.is/…/92887b83-1b99-4d69-ba70-6bc812e23dbe

neon_nova@lemmy.dbzer0.com on 12 May 08:52 collapse

Thank you very much 🙏

overload@sopuli.xyz on 12 May 08:05 next collapse

Reuters link: US and China reach deal to slash trade tariffs - reuters.com/…/us-china-reach-deal-slash-tariffs-o…

besselj@lemmy.ca on 12 May 08:09 next collapse

Wow, he sure showed China who’s boss 🤡

scarabic@lemmy.world on 12 May 22:08 collapse

AND the stock market ROARS BACK to… 80% of previous baseline. O the winning!

wewbull@feddit.uk on 12 May 08:34 next collapse

So what has changed from before all of this? What have they agreed to that makes this all worth while?

Saleh@feddit.org on 12 May 10:13 next collapse

A 90 day truce while China accepts 30% US tariffs for that time.

wewbull@feddit.uk on 12 May 19:18 collapse
  • US put up tariffs
  • Chine put them up in response
  • They now both drop them for 90 days

Nothing has been achieved.

What goal are we closer to? What does Trump want to get out of these negotiations?

ozymandias117@lemmy.world on 13 May 00:04 collapse

He’s on video congratulating people like Charles Schwab making 2.5 billion dollars from his constantly changing tariffs, so…

Probably that. Occam’s razor and all

drhodl@lemmy.world on 12 May 21:28 collapse

Well, there was a little bit of Insider Trading, so fortunes were made… Oh, you mean worth while for the Country? There was nothing gained, nothing. But a lot was lost…

kebab@endlesstalk.org on 12 May 09:01 next collapse

This is what y’all came for:

the US will lower tariffs on Chinese goods to 30 per cent from 145 per cent and China will reduce duties on US imports to 10 per cent from 125 per cent.

jacksilver@lemmy.world on 12 May 15:31 collapse

For those not aware. Duties are apparently any kind of tax that may be levied on imports (could be anti-dumping fees, etc.) while tariffs are just import taxes.

Mediocre_chad@piefed.social on 12 May 09:13 next collapse

Oh goodie! It's all better now that we'll only have to pay an arbitrary 30% more for goods from China! Whew, glad they saved the day! Long live fascicapitalism!

cyrano@lemmy.dbzer0.com on 12 May 09:47 collapse

For now, so far trump always chicken out (TACO)

DoGeeseSeeGod@lemmy.blahaj.zone on 12 May 10:14 next collapse

Like honestly I’m mad about this and idk why. Like I know the tariffs were ass fucking backwards stupid and would likely cost me my job. I know Trump is a spineless piece of shit conman croward. But come on. All this fucking bark, and and we got what like 2 days of actual tariffs being levied and he backs off? Like I wish the piece of shit and his whole admin would die so very very very painfully, and yet he is able to disappoint me?

I know i should feel grateful, so yay for not totally fucking up the economy for next 90 days, hopefully, you spineless rotting cumstain

Coreidan@lemmy.world on 12 May 14:32 collapse

Don’t worry. The economy is still going to get fucked up but at least there is an end date on it.

But let’s be real. It’s not over.

Zier@fedia.io on 12 May 10:16 next collapse

Fake trade war was 'solved' to still impose more import taxes on the US consumer.
These people couldn't negotiate their way out of a plastic, sealed, bag.

poopkins@lemmy.world on 12 May 10:50 next collapse

Now it’s up to the justice department to obtain details about shorts made prior to the tariff war and investments made prior to the reconciliation so they can prosecute anybody who performed blatant market manipulation.

homesweethomeMrL@lemmy.world on 12 May 12:27 collapse

Y’know they couldn’t even bust him for stealing nuclear secrets to sell to the Saudis.

Smoogs@lemmy.world on 12 May 13:33 next collapse

The facepalm admin

skozzii@lemmy.ca on 12 May 14:43 next collapse

You mean the USA capitulated to the one and only demand China had. And now we are back where we werr before the trade war started, but in a much worse position.

cyrano@lemmy.dbzer0.com on 12 May 15:00 next collapse

Trump, the pump and dump president

InvertedParallax@lemm.ee on 13 May 06:59 collapse

Yes, but he gets to claim victory.

drhodl@lemmy.world on 12 May 21:24 next collapse

Regardless of any outcome, Drumpf was always going to claim a resounding victory.

grysbok@lemmy.sdf.org on 12 May 21:43 collapse

De minimus exemption is still dead, right?