US and China Agree To Temporarily Slash Tariffs (cnn.com) 255
The United States and China said Monday they reached an agreement to temporarily reduce the tariffs [non-paywalled source] they have imposed on each other in an attempt to defuse the trade war threatening the world's two largest economies. From a report: In a joint statement, the countries said they would suspend their respective tariffs for 90 days while they negotiate. Under the agreement, the United States would reduce the tariff on Chinese imports to 30 percent from its current 145 percent, while China would lower its import duty on American goods to 10 percent from 125 percent.
"We concluded that we have a shared interest," said Treasury Secretary Scott Bessent at a news conference in Geneva where U.S. and Chinese officials met over the weekend. "The consensus from both delegations is that neither side wanted a decoupling," he said. The agreement breaks an impasse that had brought trade between China and the United States to a halt. Many American businesses had suspended orders, holding out hope that the two countries could strike a deal to bring down the tariff rates while raising the spectre of price increases.
"We concluded that we have a shared interest," said Treasury Secretary Scott Bessent at a news conference in Geneva where U.S. and Chinese officials met over the weekend. "The consensus from both delegations is that neither side wanted a decoupling," he said. The agreement breaks an impasse that had brought trade between China and the United States to a halt. Many American businesses had suspended orders, holding out hope that the two countries could strike a deal to bring down the tariff rates while raising the spectre of price increases.
meaning (Score:5, Insightful)
la Presidenta and his Maggots figured that since imports at U.S. ports were tanking and the U.S. economy would not be far behind, they caved and told China they craved a deal. The 90 day limit is mostly so they can figure out if the new 30% tariffs would also do the job of tanking the U.S. economy. China on the other hand is playing rope a dope.
Re:meaning (Score:4, Insightful)
Yeah it is beyond pathetic.
Re:meaning (Score:5, Insightful)
You mean saving his ass from a tanked stock market, hugely disrupted economy, just so he can play Let's Make A Deal host on global television?
It took a long time to get to a post-Pandemic stable economy, and he wrecked that stability in seconds, the trajectory like an arrow pointed at his feet.
Rough? Blunt? He's an egomaniac ex-TV star with no experience in government, just promoting rubes to high office so that they'll be sycophantic and loyal, their lot risen.
2 doll donald (Score:5, Interesting)
If joe biden had done this, he would be kililng america. Since mango mussolini did this, it's brilliant and you should thank him for raising prices with his narcissism and megalomania.
They're not serious people with any sort of logical thinking skills. They're just fascists that want complete control.
Re:meaning (Score:5, Insightful)
You have no clue.
And nope, the valuation is not what you say it is, can you even read? TSLA is one of the great rollercoaster stocks of our time. It's a plaything. It doesn't represent the market at large, only its insanity.
Re:meaning (Score:5, Insightful)
Insiders like Rep. Marjorie Taylor Greene are certainly finding the yo-yo markets to be a big investment opportunity.
It comes at the expense of middle class retirement savings. So tanking the stock market isn't all upsides.
Re: meaning (Score:4, Informative)
" What resistance are you fairy liberals even capable of other than throwing paint on walls or shooting up kindergartens?"
Mass shootings are an overwhelmingly Reich wing pastime. Don't blame us for your hobbies.
Re:meaning (Score:4, Informative)
All the skills, knowledge and taste of your idol in one short video.
https://www.youtube.com/watch?... [youtube.com]
You think someone this stupid can do any of the things you fantasize above?
Think again :)
Re:meaning (Score:5, Insightful)
Screaming and crying and trowing a tantrum while letting China walk all over us....is pathetic?
Of course it is, don't be ridiculous. Insofar as we have issues with trade with China, those issues can and have been addressed more effectively and with less self-sabotage than this. "At least he's trying something" is not justification for stomping all over the economy and then yelling, "China made me do it!"
Trump makes a big show out of everything he clumsily does. Because everything that he does is so big and stupid people pay attention. It's not that he's doing something new, he's just doing something visible. And if, somehow, it goes well then he puts his name on it. If it goes poorly he puts Biden's name on it, or China's or Mexico's, or someone else.
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The concept of getting China to trade more fairly isn't what is pathetic.
What is pathetic is the absolutely moronic way they tried to go about it, which only caused damage and fixed absolutely nothing. But you go on cheering for the arsonist that just lost his nerve and is trying to put out the fire he started, somehow thinking that's a good thing.
Re:meaning (Score:5, Funny)
don't forget that he 20% of the 30% are "fentanyl taxes", imposed to make sure that the US fabricates fentanyl in-house instead of importing, bring back manufacturing to the USA!
Re:meaning (Score:5, Insightful)
The level of partisanship derangement it takes to ridicule criticism of ineffective war-on-drugs bullshit that ultimately harms everyone except the drug dealers is truly astonishing.
Especially when everyone on both sides knows the policy had nothing to do with the war-on-drugs in the first place.
Do you really think illegal drug dealers are going to have problems obtaining fentanyl if foreign supplies are cut off when it's an entirely legal prescription drug made by normal pharmaceutical companies in the US?
Did you think think Pam Bondi was right when she claimed Trump saved 251 million lives the other day by preventing the importation of a few thousand pounds of the drug from... well, she didn't even say it was imported... a tiny fraction of what gets made here?
Amazing you've hung your hat on a fascist regime and you can't even come up with a coherent reason to support his ludicrous policies. Well, we still know why fascists support fascism, it's not exactly a big secret...
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Do you really think illegal drug dealers are going to have problems obtaining fentanyl if foreign supplies are cut off when it's an entirely legal prescription drug made by normal pharmaceutical companies in the US?
Yes! Compared to being able to order a kilogram in the mail? Absolutely they will have more problems.
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Are you implying that the USPS is a drug mule employer?
Kevin Costner is inconsolable.
Of course he doesn't believe any of that (Score:3)
It's a trick to tie us down and lock us down and prevent us from actually addressing the real horrible things they are doing.
They even have a name for it, shock and awe. They throw a bunch of bullshit at us and it's way too much for us to respond to and in the meantime they are dismantling the institutions that protect us. Like the right to vote.
Last year approximately 7 million Americans were denied the righ
Re:meaning (Score:5, Informative)
Admittedly what fascism is can be nebulous so let's ground it out with Umberto Eco's work. Which of these points doesn't fit the current Trump admin? Frankly I am surprised they fit nearly all of them.
1. The cult of tradition. “One has only to look at the syllabus of every fascist movement to find the major traditionalist thinkers. The Nazi gnosis was nourished by traditionalist, syncretistic, occult elements.” Probably the weakest but a lot of Trump supporters love the occult stuff.
2. The rejection of modernism. “The Enlightenment, the Age of Reason, is seen as the beginning of modern depravity. In this sense Ur-Fascism can be defined as irrationalism.” Absolutely the admin rejects modernism. The "Return" shit.
3. The cult of action for action’s sake. “Action being beautiful in itself, it must be taken before, or without, any previous reflection. Thinking is a form of emasculation.” Absolutely Trump's MO
4. Disagreement is treason. “The critical spirit makes distinctions, and to distinguish is a sign of modernism. In modern culture the scientific community praises disagreement as a way to improve knowledge.” You cannot reject Trump and have a place in the GOP today. Look at what happened to Rittenhouse when he hinted he might vote Libertarian.
5. Fear of difference. “The first appeal of a fascist or prematurely fascist movement is an appeal against the intruders. Thus Ur-Fascism is racist by definition.” Speaks for itself.
6. Appeal to social frustration. “One of the most typical features of the historical fascism was the appeal to a frustrated middle class, a class suffering from an economic crisis or feelings of political humiliation, and frightened by the pressure of lower social groups.” Speaks for itself.
7. The obsession with a plot. “Thus at the root of the Ur-Fascist psychology there is the obsession with a plot, possibly an international one. The followers must feel besieged.” Absolutely conspiracies everywhere. "Deep state"
8. The enemy is both strong and weak. “By a continuous shifting of rhetorical focus, the enemies are at the same time too strong and too weak.” Democrats and liberals are both feckless but also control everything including rigging elections.
9. Pacifism is trafficking with the enemy. “For Ur-Fascism there is no struggle for life but, rather, life is lived for struggle.”
10. Contempt for the weak. “Elitism is a typical aspect of any reactionary ideology.”
11. Everybody is educated to become a hero. “In Ur-Fascist ideology, heroism is the norm. This cult of heroism is strictly linked with the cult of death.”
12. Machismo and weaponry. “Machismo implies both disdain for women and intolerance and condemnation of nonstandard sexual habits, from chastity to homosexuality.”
13. Selective populism. “There is in our future a TV or Internet populism, in which the emotional response of a selected group of citizens can be presented and accepted as the Voice of the People.”
14. Ur-Fascism speaks Newspeak. “All the Nazi or Fascist schoolbooks made use of an impoverished vocabulary, and an elementary syntax, in order to limit the instruments for complex and critical reasoning.”
https://www.openculture.com/20... [openculture.com]
Re:meaning (Score:5, Informative)
That word...
Seriously, when you call everything fascist or nazi or racist....those terms tend to become meaningless.....which is sad when those actually do tend to pop up from time to time ....
While it's true that there is often a knee-jerk reaction to label some things as "fascist," it's also often a knee-jerk reaction to call out the labelers of fascism.
This is Wikipedia's description of fascism: "Fascism is a far-right, authoritarian, and ultranationalist political ideology and movement, characterized by a dictatorial leader, centralized autocracy, militarism, forcible suppression of opposition, belief in a natural social hierarchy, subordination of individual interests for the perceived collective interest of the nation or race, and strong regimentation of society and the economy."
It's quite amazing how many checkboxes Trump ticks off on the fascism list: far-right, authoritarian, ultranationalist, dictatorial leader, centralized autocracy, forcible suppression of opposition, belief in a natural social hierarchy.
Maybe Trump isn't a fascist. However, looking at the description of fascism, Trump appears to be a fascist wannabe.
Re:meaning (Score:4, Insightful)
"Fascism is a far-right, authoritarian, and ultranationalist political ideology characterized by a strong, dictatorial leader, centralized autocracy, and suppression of opposition. It prioritizes the nation over the individual, emphasizing militarism, social hierarchy, and strong regulation of society and the economy."
That's absolutely a description of trump. "Strong regulation of society and the economy" does not mean he is making the economy or society strong, it means he is a "strongman" who is willing to use violence to get his way. He's said he wants to use US military on US soil, and that tells us all we need to know - he is a fascist dictator 100% through and through. And no amount of his followers handwaving that away will make him not a fascist.
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> The level of partisanship derangement it takes to criticize efforts to reduce fentanyl imports is truly astonishing.
As if these tariffs or other policies are impacting black market fentanyl in any way.
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The annoying twits can dish it but can't take it, just like the felonious, sundowning lump they worship.
Re:meaning (Score:5, Insightful)
China won this one so easily it's shocking just how badly it went for Trump. It was so childish that it almost beggars belief.
Re:meaning (Score:4, Informative)
It's not shocking to me how badly it went for Trump. I think it was pretty obvious for anyone with half a gram of common sense that the orange idiot would lose this one badly.
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China won this one so easily it's shocking just how badly it went for Trump. It was so childish that it almost beggars belief.
MAGAts will still consider it a win.
Re:meaning (Score:5, Informative)
Push everything off the table. See how it how people react to all the broken stuff.
Later say how it was the best Pushing off ever and how breaking everything was the best thing ever.
Nobody ever broke things better.
Then offer to put things back on the table.
Then take credit for "solving" the destruction of what he pushed off the table.
Lather, rinse, repeat.
Enjoy the madness.
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Which one?
Re: meaning (Score:4, Insightful)
I actually suspect someone went back to Trump and was like "seriously, if tarrifs don't go down immediately there will be zero goods at Christmas. Even if you get a deal later, you will forever be blamed for the year that didn't have a Christmas. And since most small retailers live or die based on Christmas sales, you're likely to bankrupt substantial number of small retailers."
A 30% tarrif is (very) bad, but can maybe be absorbed, at least on the medium term. The sellers will lower margins a little, and the rest goes to the consumer. But at a level that can be stomached for smaller, non-essential goods. The real question is if Mark Cuban is right, and the transportation snarls we're about to see will rival what was seen in covid. If so, the inflation impact could be enormous even if tarrifs drop to zero.
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If this wasn't caving in, please tell me what concessions we got from China. Go ahead, I'll wait.
And if you think "coming to the table" is a concession, you're an idiot. They could have just as easily just picked up the phone and said "we'd like to have bilateral trade talks" and China would have sent a trade delegation without all the disruption. How do I know? They had no reason not to.
Stop simping for shitgibbons that have no idea what the fuck they're doing. They tried to bully without having lever
Trump won!! (Score:5, Funny)
So we've returned back to the Biden tariff levels! Another great example of Trumps genius and 3D chess playing ability and his ability to anticipate things years in advance.
Re:Trump won!! (Score:5, Interesting)
I should have also mentioned his other great economic victory this week, when he announced he is making pharmaceutical companies charge the same amount for their drug in all regions. That will cause prescription drug prices to rise, because the lack of foreign sales due to high un-affordability will cause a revenue shortfall that will have to be made up for with price increases. (An announcement celebrated by hypocrite Elon Musk, who offers Starlink for $150 a month in the US and $20 a month in Kenya. Model Y for $35K in China and $44K (plus $7.5k tax rebate courtesy American taxpayers) in the US.)
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Keep in mind, a lot of MAGA are working class traditionally liberal people that were left behind by Clinton's reorienting Democratic party toward oligarchs.So it would not be surprised if support for various social issues broadened from traditional GOP stances.
Re:Trump won!! (Score:5, Insightful)
A vague hand-wave of an executive order that will be immediately blocked in the courts is really just the appearance of doing something.
A real president would, you know, work to pass a law or something. But that would require work, and he's too busy accepting bribes from Qatar right now.
So, no, I for one will not acknowledge this action as anything other than virtue signaling.
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an executive order that will be immediately blocked in the courts
This is entirely different problem from the question of negotiating down drug prices.
Re: (Score:3, Interesting)
Other countries can negotiate drug prices because they typically have a government-funded healthcare system that's a huge buyer of drugs and has actually leverage to pressure pharmaceutical companies.
The USA doesn't have that and so doesn't have the same leverage.
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Medicare has 67 million enrollees
Thanks for the info. We'll get right on that.
Sincerely
DOGE.
Re:Trump won!! (Score:5, Interesting)
So he removed the Biden price negotiations only to try to do them again? So is this a Soviet-style price control? Are we no longer in a capitolism system?
It is too much to expect them to do any work on this.
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Kamala: "Wellity, wellity, wellity price controls aren't such a bad idea now are they?"
Yet another Biden Victory (Score:4, Informative)
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So we've returned back to the Biden tariff levels!
Missing context: Biden left tariffs on China in place that were put in place during Trump's first term.
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So we've returned back to the Biden tariff levels!
Missing context: Biden left tariffs on China in place that were put in place during Trump's first term.
Missing context: They weren't sweeping tariffs on every import.
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you wish. this 'temporary pause' still keeps our tariffs on chinese imports at 30%, so don't expect trade to come roaring back any time soon.
Re:Trump won!! (Score:5, Informative)
The de minimis exemption is still gone, so alas this isn't a drop to the levels set by Trump that Biden didn't change. Anyone ordering something that gets shipped directly from China, intentionally or unwittingly, is still going to get slammed with a bill.
President flip flop (Score:4, Insightful)
Guy has no idea what he's doing, terrible news for everyone.
"wax on... wax off.. wax on... wax of..."
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Brings a new twist to the meaning of the term edgelord.
Re:President flip flop (Score:5, Funny)
"tax on... tax off.. tax on... tax off..."
FTFY
This is really stupid ... (Score:5, Insightful)
In a joint statement, the countries said they would suspend their respective tariffs for 90 days while they negotiate. Under the agreement, the United States would reduce the tariff on Chinese imports to 30 percent from its current 145 percent, while China would lower its import duty on American goods to 10 percent from 125 percent.
This is just stupid. The Chinese are worried they will lose 16 million jobs, but they can afford to effectively put 16 million people on the dole by subsidizing affected businesses or by putting these people to work on extra public works projects. Meanwhile the Trump admin thinks it went to Geneva, where they dominated and won bigly like the alpha males they are because China lowered their tariffs more than the US but the Trumpkins are just shooting themselves in the foot, ... again. This is just the same old Trump shtick, create a problem, let everybody freak out over it for a while and the emerge, deus ex machina style, to 'solve' the problem you created. Problem is that other countries have gotten wise to this parlor trick. China cutting tariffs to 10% will perhaps do something to boost US soybean and pork exports (with all the transformative effects that's going to have on the US economy, LOL) but China has long since started sourcing all of that from other countries to de-risk from the US. Meanwhile any benefits from China's lower tariffs on US goods will be offset by a 30% price hike on all the cheap goods the US population has become accustomed to (while it now watches the richest 10% get colossal Trump tax cuts while public service are cut to pay for those cuts), the price of those goods will have become something like 50% higher by the time they arrive in the shelves at US stores (including a crap ton of pharmaceuticals) causing a price shock. All of this will still raise inflation to piss further off the US public which (apart from the bedrock MAGA cultists) are now less likely to uncritically swallow the idea that it's all and Biden's fault. If I was China I'd draw these 'negotiations' with Trumpistan out as long as I possibly could to buy time to negotiate trade deals with other far more trustworthy partners like ASEAN, MERCUSUR and the European Union.
Re:This is really stupid ... (Score:5, Insightful)
Hasn't this just reset to before the spat started in March?
I suspect the biggest problem the US is going to have now is restarting the supply pipelines from China. As the adafruit example showed, you can be hit by tariffs that didn't exist when you placed your order.
So a) there's going to be some importers unwilling to place orders even though the tariffs are back to what they were and b) the ones who do place orders are only going to be delivered in 30+ days. The current China->US pipeline is very significantly down in volume (and sailings) although the early stockpiling has hidden that from the US consumer so far.
https://nypost.com/2025/05/09/... [nypost.com]
https://www.cnbc.com/2025/04/2... [cnbc.com]
Re:This is really stupid ... (Score:5, Insightful)
Hasn't this just reset to before the spat started in March?
Maybe, but with tariffs on Chinese goods imported into the US. That's a 30% extra tax on the US poulation, it is inflationary and it won't be popular once the US public in general finally figures out that China ain't paying those taxes and that their own public services are being cut to pay for Trump tax cuts that will mostly benefit the super wealthy.
I suspect the biggest problem the US is going to have now is restarting the supply pipelines from China. As the adafruit example showed, you can be hit by tariffs that didn't exist when you placed your order.
So a) there's going to be some importers unwilling to place orders even though the tariffs are back to what they were and b) the ones who do place orders are only going to be delivered in 30+ days. The current China->US pipeline is very significantly down in volume (and sailings) although the early stockpiling has hidden that from the US consumer so far.
https://nypost.com/2025/05/09/... [nypost.com]
https://www.cnbc.com/2025/04/2... [cnbc.com]
Oh sure, US will have severe problems restarting those supply pipelines. But it's not just US companies stuck with price hikes on shipments they ordered before the tariffs were imposed or changed, it's also Chinese suppliers who are stuck with a completely non dependable business partner and those suppliers in China will be extremely reluctant to be burned twice because: Tarriffs are on, tariffs went up, tariffs went, down again, tariffs are waaaay up, ... tariffs are suspended for 90 days ... and then what? The 'mad-man' tactic that Trump is being celebrated for in the US right-wing press is a limited instrument, it's effectiveness wears off after the first few times you use it as people just get tired of your shit and restructure trade around you. Then there is the topic of Trump's frontal assault on the rule of law in the US which is going to make the country un-investable. This is about a whole lot more than just the organizational challenges of rebuilding supply pipelines, Trump is taking a sledgehammer to everything that makes the US a commercial and financial superpower.
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Trump's "art of the deal" skillz completely failed here, but I think we all knew that was going to be the case.
Trump should write a second volume and call it: "The art of no deal"
Re:This is really stupid ... (Score:5, Insightful)
That is not what a trade deficit means. JFC. A trade deficit means you find it *better value* as a nation to get other people to make some low-value add stuff for you, while you carry out *higher-value* economic activity in your own country. Like, ya know, the tech sector and running the world's reserve currency.
It's a false economy to think you should make everything in your own country in the same way it's a false economy to be your own personal hairdresser. Yes, you don't have to pay the hairdresser, but you still have to buy the kit, spend your time doing it instead of doing things that are a better use of your time, and your haircut will be shittier than the one you'd have had in the hairdresser. And you're a fucking accountant earning five times more than a hairdresser anyway.
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That might be true if you were actually doing the other high value economic activity.
The problem is we are not doing it. We have low unemployment but there is a ton of under-employment. We have big GDP number because it basically counts spending but if you look at the deficit, we don't have the income to offshore those other activities not and justify it.
In your analogy it is more like you're an account who makes $300/hr but you only have clients for a few hours of a week. The rest of the time you're stan
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You ought not to look at GDP, you should look at GNI per capita, massively ahead of the next G7 economy. No-one doubts that the US has a wild Gini coefficient, but that doesn't get improved by hiking up living costs for the portion of the US population that spends the greatest share of their income on day to day necessities.
Re your point about under-employment, your argument rests on the assumption that the jobs that will be onshored will be sufficiently attractive that people who are under-employed will wa
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That might be true if you were actually doing the other high value economic activity.
The problem is we are not doing it.
Not only are you doing it, you are doing it 6x over. That's literally what GDP per capita means. The economic activity assigned across your population is higher value than that of another population.
You are conflating a whole lot of different economic principles which have zero to do with each other. (Also another poster mentioned to look at GNI per capita, but fails to realise that this tracks very closely with GDP per capita - and GNI per capita is also 6x higher in then in China).
Stop listening to Fox an
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Do you think you can afford to buy cereal at the supermarket simply because the supermarket doesn't buy a product from you?
A trade deficit is not a bad thing.
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...they can afford to effectively put 16 million people on the dole by subsidizing affected businesses or by putting these people to work on extra public works projects.
This is false. Chinese economy is in a bad shape. [youtube.com]
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...they can afford to effectively put 16 million people on the dole by subsidizing affected businesses or by putting these people to work on extra public works projects.
This is false. Chinese economy is in a bad shape. [youtube.com]
Sure, according to a MAGA rando on YouTube with a bee in his bonnet about China.
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...they can afford to effectively put 16 million people on the dole by subsidizing affected businesses or by putting these people to work on extra public works projects.
This is false. Chinese economy is in a bad shape. [youtube.com]
Sure, according to a MAGA rando on YouTube with a bee in his bonnet about China.
I agree that one must take supposed news on YouTube with a healthy dose of skepticism, but it isn't all Maga, there are other sources who echo the sentiment. Asia Times probably isn't a MAGA rando
https://asiatimes.com/2025/05/... [asiatimes.com]
https://mediabiasfactcheck.com... [mediabiasfactcheck.com]
Then again, perhaps China is immune to any economic problems,
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> The Chinese are worried they will lose 16 million jobs, but they can afford to effectively
> put 16 million people on the dole by subsidizing affected businesses
Meanwhile, here on Ontario where we have a 75 year history of successful trade agreements with the US, the new tariffs have resulted in 35,000 lost jobs in the last two months due to cross-border shipments, much of that in the auto supply chain.
No announcement of dropping *those* tariffs... at least not until Ford and GM start laying off mass
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Even at 0% (Score:2)
Who voted for this quarterwit (Score:4, Insightful)
It's like if your neighbour threatens to set your house on fire but eventually just kicks over your mailbox. You somehow feel fortunate, but still wish you had a different neighbour.
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We are currently at war with Venezuela according to the Trump admin.
Re:Who voted for this quarterwit (Score:4, Insightful)
MAGA, let’s be honest.
If Biden accepted a $400 million “flying palace” from a foreign government, you’d be screaming treason. You lost your minds over fake China wire transfers that never happened.
Yet here’s Trump—about to accept a gold-trimmed Boeing 747-8 from Qatar’s royal family, retrofitted to serve as Air Force One. After his term? It goes to his presidential library foundation for personal use.
You’re silent.
He just told working Americans they might need to “bear the brunt” of higher prices—and mocked people for buying more than nine dolls—while privately touring his custom jet in West Palm.
So tell me again: is this “America First”? Or just grift first, loyalty blind?
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no new taxes
Tariff: A tariff or import tax is a duty imposed by a national government, customs territory, or supranational union on imports of goods and is paid by the importer.
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Precisely no one here is surprised that you voted Trump.
Unfortunate (Score:2)
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Effective what day? Now? Tomorrow? (Score:2)
Worthless article with most content below the paywall fold doesn't appear to say.
I need to order a solar controller, and I want it direct from China so I don't give money to that fuck Bezos.
Meanwhile (Score:2)
That will result in Maggie
Who knew? (Score:2)
It is nothing short of idiocy to believe that punitive tariffs won't be reciprocated.
We are part of the world.
While the intentions were probably to stimulate in-country manufacturing, this isn't the 1940's any more. Gotta find a different approach.
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Trump desparately wants to believe he can command the world. Didn't the US government just send letters to other countries asking them to cancel DEI activities/etc?
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Trump desparately wants to believe he can command the world. Didn't the US government just send letters to other countries asking them to cancel DEI activities/etc?
Not certain, but sounds about right.
I hope that the Democrats might do some deep introspection, they lost so much, while expecting a blue tsunami, and now have no political weapons other than filibuster.
"Temporary" (Score:5, Insightful)
They still managed to keep a 30% tax (Score:2)
The goal here is always a national sales tax. Because that way they can reduce their income taxes and corporate taxes and offset it with taxes you pay.
This is why every year you're doing a little bit worse. It's like boiling a frog only the frog is smart enough to jump out
Yep, that will help (Score:2)
Except for anybody that only does short-delay orders and shipping, this is absolutely meaningless.
A real solution (Score:2)
Bring back U.S. manufacturing jobs, exile management.
Consider, the same device made in China and sold by a Chinese company costs a small fraction of what the same device made in China and sold by a U.S. company does. Often the Chinese sold device has less anti-repair "features".
The problem in the U.S. ain't labor costs. Labor DOES cost more in the U.S. but with modern automation, labor costs are a fairly small part of the final price.
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Who took all the money DOGE "saved"? Where's my fat check it needs to be 20k minimum.
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Apparently, today it is the federal employees who receive unemployment payments while working for Deep State [x.com].
There are 100,000 of them, honestly!
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Are you implying that the Deepest of the Deep State is a "nothingburger"?
In the face of the mounting claims like the above plans for prospects of ways to search for EVIDENCE to the contrary?
Re: If only it were true (Score:2)
Re:If only it were true (Score:5, Informative)
Who took all the money DOGE "saved"? Where's my fat check it needs to be 20k minimum.
DOGE saved money? https://www.cbsnews.com/news/t... [cbsnews.com]
Re: (Score:3)
I'm sure it will trickle down any day now.
Re:If only it were true (Score:5, Informative)
The lower tariffs will work from the day of the agreement, so guess.
Re: (Score:3)
Good case for a lawsuit, I'd think, especially if the courts and/or Congress eventually get a spine and rule that Trump was not authorized to unilaterally impose the tariffs in the first place.
Re: (Score:2)
The guy is doing the same thing with prescription drugs, which is going to cause people to die in foreign countries and in the US. He is basically blocking companies from selling drugs in foreign countries (by making them unaffordable to the local population), and that will reduce the drug company's revenue which would have to be made up for by increasing the prices of drugs in the USA.
Sucker Re:Trump lost the game of chicken (Score:2)
The only America that is going to be great again is the one experienced by Trump and his pals sitting on a big bag of cash. You will be grovelling for a handout from your new Kings, selling your daughters into their brothels whilst still braying MAGA like a donkey.
Re: (Score:2)
george soros, LOL
Re: (Score:2)
Because he wasn't able to pass legislation because Trump is a bad negotiator.
Re: (Score:2)
Again. Trump lost the game of chicken again, playing against the same people he played against in his first "presidential" term. (Quotes used since there's nothing presidential about Trump)
Re: (Score:3)
> And also who is going to want to invest in US factories now that tarrifs can disappear as quickly as they ca
I really think this is not being reported on nearly enough.
We can build factories pretty quickly these days, but not this quickly, and not with actual staffing.
Re:Trump lost the game of chicken (Score:4, Interesting)
what chinese company is gonna send a boat full of stuff to an american importer when tariffs can pop back up any time the ship is in transit? do people think importers are gonna be willing to sign some deal that says they'll pay the duties when the ship arrives in port no matter what they end up being?
Re: (Score:2)
what chinese company is gonna send a boat full of stuff to an american importer when tariffs can pop back up any time the ship is in transit? do people think importers are gonna be willing to sign some deal that says they'll pay the duties when the ship arrives in port no matter what they end up being?
You are mistaken in how this works. Chinese companies don't give a shit about this and aren't affected. The decision to receive a boat is unilaterally that of the American importer, who is on the hook for the costs regardless of what mood the Orange moron is on any given day and what the tariff rate therefore is. The importer pays the cost and passes that on to consumers. There is no option to turn away a shipment. When it arrives at the border the importer is liable. You can't choose not to pay a tariff.
Ev
Re: (Score:3)
you one of those fools who can't read a comment? i said china's not interested in sending ships full of stuff that are gonna be turned away at port by the american importer because tariffs were jacked up to a level the importer isn't willing to pay while the boat is in transit.