Trump tariffs: 'Do not retaliate and you will be rewarded,' White House says
www.cnbc.com
President Donald Trump's tariffs on nearly all U.S. trade partners will drop to 10% for 90 days, but tariffs on China will jump to 125%.

Trump in a Truth Social post says he is “immediately” raising U.S. tariffs on Chinese imports to 125% “based on the lack of respect that China has shown to the World’s Markets.”

But Trump in the same post says he has “authorized a 90 day PAUSE” for other countries, pointing to what he says are more than 75 nations who have reached out to negotiate.

That pause, and “a substantially lowered Reciprocal Tariff during this period, of 10%,” are both “effective immediately,” Trump writes.

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  • Alsephina@lemmy.mlOPEnglish
    65·
    8 天前

    He folded pretty quick lmfao

    Wonder how long it’ll take for him to fold on China

    • OhVenus_Baby@lemmy.ml
      6·
      8 天前

      How is this folding?

      He said he was willing to renegotiate in the beginning due to unfair trade agreements.

      I’m not a supporter. I’m just being objective here. How does this conclude to folding by taking the time to renegotiate to a better deal supposedly for his country which was the beginning goal again supposedly for his entire plan.

      I see no evidence of him folding yet. To reiterate. Being objective to politics.

  • Dave@lemmy.nz
    27·
    8 天前

    How do we know this isn’t market manipulation? When stock values are all over the place that’s a good opportunity for people with money to make more money.

  • reallykindasorta@slrpnk.net
    23·
    8 天前

    In terms of both economic and military strength it feels like Trump expected everyone to go “Oh no we need them, guess we’ll have to take a worse deal” but instead they were like “We need stability and can’t trust the US to keep its contracts for the next several years at least, so we’ll have to source elsewhere.”

  • jenni007@lemm.ee
    22·
    8 天前

    If I were an American, and especially a MAGA, I would be deeply deeply ashamed of this circus.

    • davel [he/him]@lemmy.mlEnglish
      15·
      8 天前

      I don’t feel particularly shameful because I don’t self-identify with the dictatorship of the bourgeoisie. It’s not my state, it’s theirs.

    • Supervisor194@lemmy.world
      7·
      8 天前

      MAGA people can’t feel shame over any of this, they are incapable. This is a wealth and religion thing, you’ll notice MAGA people are nearly universally either wealthy, religious or both.

      Particularly in America (because of the historical confluence of wealth and religion) these two types of people don’t experience shame the same way normal people do. Wealthy people’s sense of superiority over their position in society has bred in them the notion that shame is for their lessers. The richer they are, the worse this is. Religious people feel that nothing in the world is more righteous than sticking it to nonbelievers and no effort put forth in pursuit of that goal can be considered shameful. In fact, the opposite. In any case their shame quotient is sodden with their own repressed sexuality.

  • LarmyOfLone@lemm.ee
    2·
    7 天前

    I guess this is a tactic to isolate China and break up a possibly alliance of countries acting in concert to combat these tariffs? Well it’s a trade war.

    • HumanPenguin@feddit.ukEnglish
      5·
      7 天前

      I can def believe he thinks that is what he is doing.

      But by putting world tarrifs on hold. He is just giving Europe 90days to worry and discuse China. While giving China more reason to consider deals with Europe.

      Add to that China has been building deals with most of the world for over 20 years.

      China has less to lose then the big US corp owners that back trump and depend on China for manufacturing and parts etc.

      • LarmyOfLone@lemm.ee
        2·
        7 天前

        Especially since the USA can’t do anything to coordinate the response of their industry, having fired their people and only relying on the market to sort it out. While China could systematically and rapidly invest in any industries and goods from the USA that now face retaliation tariffs in China or EU.