SG Talk

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

Quote: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.”

CHINA has to kowtow lah...

(12-05-2025, 03:24 PM)Sharexchange Wrote: [ -> ]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.

Trump is a genius

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

Stomach first face viewing second loh..