US-China agree to slash tariffs

[Morphine Prince 109,926]

GENEVA (AP) — U.S. and Chinese officials said Monday they had reached a deal to roll back most of their recent tariffs and call a 90-day truce in their trade war to allow for more talks on resolving their trade disputes. 

Stock markets rose sharply as the globe’s two major economic powers took a step back from a clash that has unsettled the global economy. Economists warned that tariffs still remained higher than before and that the outcome of future talks was uncertain.

U.S. Trade Representative Jamieson Greer said the U.S. agreed to drop its 145% tariff rate on Chinese goods by 115 percentage points to 30%, while China agreed to lower its rate on U.S. goods by the same amount to 10%.

Read more: https://apnews.com/article/china-us-switzerland-tariffs-negotiations-b3f5174d086e39b2522ab848ddad9372

[Morphine Prince 109,926]

What really happened: Trump caved, China didn’t, and Americans will still pay 30% more during these 90 days. 

[Ladle Ghoulash 55,280]

This better be the last we hear of these tariffs. ****ing moron. 

[Flareon Voyager 379]

Art of the steal. Make it look like Trump took down tariffs when he’s the one that started this bs in the first place. Americans will continue to be blind.

[27monster27 16,039]

14 minutes ago, Morphine Prince said:

What really happened: Trump caved, China didn’t, and Americans will still pay 30% more during these 90 days. 

Careful, the MAGA cult can't read this.

[27monster27 16,039]

Can't wait for the stress to come back in 90 days!

[The Ew from Judas 1,516]

Unfortunately we’re not out of the woods yet but it’s good to see things getting like-a little better. 

but liiiike if a certain someone weren’t in power these tariffs wouldn’t be a thing in the first place sooooo

[REALITY 80,246]

9 minutes ago, Flareon Voyager said:

Art of the steal. Make it look like Trump took down tariffs when he’s the one that started this bs in the first place. Americans will continue to be blind.

This'll happen 100000%.

His supporters are going to glorify him even more when he started this sh*t in the first place. I need Trump supporters to die off quickly because I'm tired of this country being populated by so many idiots

[Lord Mayhem 3,589]

Doesn't undo the ripple effects the higher tariffs already did...an incompetent orange dictator