Tuesday, May 13, 2025

Those 145% China tariffs? Nothing but another round of Trump bluster.

 
Headline:  New York Times, 5/13/2025

German Lopez reports:
President Trump made big promises with his China tariffs: China needs us more than we need it. America can outlast China in a trade war. Those advantages will let the administration get big concessions and rebalance global commerce. 
Trump’s actions, however, suggest the talk was bluster. Yesterday, his administration cut its China tariffs from 145 percent to 30 percent for at least a few months. China will reciprocate by lowering its retaliatory levies from 125 percent to 10 percent. Both sides will keep talking.

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