[sgbuffett]

Like I said in the end will be 20% and 0%.

U.S. Stocks Jump as US and China Agree to Major Reductions in Tariffs for 90 Days
Tiger Newspress

2025-05-12 15:18

The US and China will temporarily lower tariffs on each other’s products, according to a joint statement released in Geneva, in a move to cool trade tensions and give the world’s two largest economies three more months to resolve their differences.

The combined 145% US levies on most Chinese imports will be reduced to 30% including the rate tied to fentanyl by May 14, while the 125% Chinese duties on US goods will drop to 10%, according to the statement and officials in a briefing Monday.

“We had a very robust and productive discussion on steps forward on fentanyl,” Treasury Secretary Scott Bessent said. “We are in agreement that neither side wants to decouple.”

[Sharexchange]

CHINA has to kowtow lah...

[sgbuffett]

CHINA has to kowtow lah...

All along Trump target 20% for China.
To get countries to accept he did a smoke screen to hike tariffs to extreme level then give reprieve of 90 days. This  is to make them panic and willingly accept 10%...and be happy its not worse.

Now countries are okay with the 10% levied.on them.

[Bluebull]

Trump is a genius

[Ineedhelp]

Just an elaborated show to tax the people. Both govt happy, including their big earnings from market manipulation.

[ysh02]

Stomach first face viewing second loh..