Wasn’t there already an exemption that NVIDIA, Apple, etc begged for on what makes up 80 something percent of Chinese exports? Electronics/chips/etc?
Ok but 30% is still a lot. It’s not the completely comical number it was before but 30% increases on all imports from China is still gonna cause a lot of businesses to go under and prices to go up.
There was already pretty large tarrifs on China from Biden
If China was able to bait and switch them and get the existing under Biden 100% tarrif on EVs down to 30% that’s a win. Same with solar panels.
Edit: Only new tarrifs are paused :(
This tarrif reduction is only to do with tarrifs from early April 2025 onwards, so the EV tarrifs are unchanged for now:
both parties had committed to a 90-day suspension of most of the levies imposed since early April.
Bessent said the temporary reductions would effectively reduce the level of U.S. tariffs still in place on Chinese goods to about 30%, while China was reducing its levies on American imports to 10%.
Why couldn’t the US just destroy itself?! Don’t make the rational move! JDPON DON I believed in you!
In case y’all missed it, the (real) Xiaohongshu wrote a very lengthy but well detailed explanation about why it was in China’s interest to reduce tariffs quickly:
I read that. To me it just sounds like we’ll never see the end of the US Empire in our lifetimes
Yeah, by making themselves indispensable to the US economy they’ve prevented the US from outright attacking them (so far) but it also means the US economy is indispensable to China’s, and they’ll keep the US alive and prop it up for far longer than it needs to be.
you place it down gently until it can no longer reach the big nuke button
