Trump announces 90-day tariff pause for most countries, raises China rate to 125% — as he blasts ‘yippy’ critics, boasts stock rebound ‘gotta be a record’
nypost.com
President Trump announced Wednesday that his heightened “reciprocal” tariff scheme was being paused for 90 days in response to overtures from dozens of countries — but duties on C…
    • thanks AV@lemmy.world
      91·
      18 days ago

      Yeah i was wondering why the fuck spy jumped $50 in 10 minutes, makes sense this coward once again reversed course

    • UnderpantsWeevil@lemmy.worldEnglish
      21·
      18 days ago

      Stocks Surge After Trump Pauses Tariff Hikes on Non-Retaliating Countries

      After Trump’s hike on China tariffs and pause on the rest the world, a perverse dichotomy now exists for global trade: 125% US duties on Made-in-China vs 10% or 25% levies on products made elsewhere, though only for 90 days.

      The consequence? Tremendous opportunities for “re-assembly” plants in Vietnam or Southeast Asia, or outright smuggling operations in Mexico or Canada, given the potential arbitrage opportunity.

      Such a situation couldn’t last long, with US consumers paying higher prices and third countries making a good profit - to evade US tariffs. The 90-day pause provides a good off-ramp, and Beijing and Washington may both think long and hard about the risks of further escalation. The tariff on China may eventually settle at a level where both countries can tout as a win, while leaving it not that profitable for a third-country detour.

      Lolz. Lmao, even.

  • Lit@lemmy.world
    12·
    18 days ago

    lol can’t afford china tariffs, so he had to drop other countries tariffs to focus on china. lol. Well done, china.

    Now, he is forcing Americans to pay 125% tax on china imports.