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 US China suspends tariffs. Cut by 115%

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xerox900
post May 12 2025, 03:43 PM

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What happen to reshoring?
xerox900
post May 12 2025, 04:30 PM

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US can replenish those shelves now. What happened to Made in US?
xerox900
post May 12 2025, 04:36 PM

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QUOTE(andrekua2 @ May 12 2025, 04:34 PM)
price tag made in USA

one thing though... damage has been done.

China cancelled USA soybeans, LNG, etc. Those farmers wont get their orders back. China buying LNG from Australia, not USA.
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Yea those cuts likely only benefit China, unless they have a clause on China have to resume certain imports from US.
xerox900
post May 12 2025, 04:46 PM

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QUOTE(brian81st @ May 12 2025, 04:43 PM)
not benefit china only, the trade benefits china and US. without china inputs, certain industry in US especially SME cant function, therefore sales and revenue will drop, triggering a recession.

and without china inputs, military complex cant function too, as this is critical for US own safety interest.
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Yea definitely, but what did Trump achieve?
xerox900
post May 12 2025, 04:49 PM

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QUOTE(Wedchar2912 @ May 12 2025, 04:48 PM)
He got to claim that he is the alpha.
And now every other country will have to kiss his arse and thank him for 10% tariff on all.

To be fair, if everyone gets taxed at 10%, it's basically just an import tax to reduce American appetite.
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By destroying USA's reputation? Doesn't seem worth it..
xerox900
post May 12 2025, 08:02 PM

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QUOTE(lurkingaround @ May 12 2025, 07:42 PM)
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No lah.

Other countries that did not impose Retaliatory Tariffs on USA after 8 April 2025, were granted 90-days pause on their Reciprocal Tariffs to allow tariff  negotiations = they kena only 10% US Tariffs for 90 days.

But CCP China bontot sakit, go and impose Retaliatory Tariffs on USA on 9 April 2024 until 125% and  CCP China pun kena until 145% US Tariffs  = US-China trade frozen. 
....... So, AFAIK, this 90-days pause and 30% vs 10% Tariffs are mainly to unfreeze US-China trade and to reduce the US trade deficit with CCP China, ... which in 2024, were US$439 billion exported by CCP China to USA and only US$144 billion exported by USA to CCP China.

To me, Scott Bessent is poor at maths, ie USA should have retained about 40% Tariffs on CCP China, in order to effectively reduce the US trade deficit bc US$439 billion vs US$144 billion is more like 40% vs 10%, not 30% vs 10% .
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30% is 10% (baseline same with other countries) + 20% fentanyl

 

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