Stock market is way up |
So are groceries. |
Until the next round of "beautiful tariffs" is announced. We will have shortages nonetheless because the supply chain moves slowly. Many companies cut back on orders in the face of the massive tariffs with China. And, let's face it, who believes this will last? If I were WalMart I would not order goods from Asia until 2028. This sundowning POTUS can and will do almost anything at any time. |
Oh, wow. SMH. You gotta PhD in economics? |
“Mr Xi Jinping’s decision to stand his ground against US President Donald Trump could hardly have gone any better for the Chinese leader.
After two days of high-stakes talks in Switzerland, trade negotiators from the world’s biggest economies announced on May 12 a massive de-escalation in tariffs. In a carefully coordinated joint statement, the US slashed duties on Chinese products to 30 per cent from 145 per cent for a 90-day period, while Beijing dropped its levy on most goods to 10 per cent. The dramatic reduction exceeded expectations in China, and sent the dollar and stocks soaring – providing some much-needed market relief for Mr Trump, who is facing pressure as inflation looks set to speed up at home. Chinese equities also surged. The deal ended up meeting nearly all of Beijing’s core demands. The elevated “reciprocal” tariff for China, which Mr Trump set at 34 per cent on April 2, has been suspended – leaving America’s top rival with the same 10 per cent rate that applies to Britain, a long-time ally. The US met Beijing’s call for a point person for talks by setting up a mechanism headed by US Treasury Secretary Scott Bessent. And the two sides agreed to take “aggressive actions” to stem the flow of fentanyl, which could eventually lead to the elimination of the additional 20 per cent tariff. “This is arguably the best outcome that China could have hoped for – the US backed down,” said Mr Trey McArver, co-founder of research firm Trivium China. “Going forward, this will make the Chinese side confident that they have leverage over the US in any negotiations.” https://www.bloomberg.com/news/articles/2025-05-12/xi-defiance-pays-off-as-trump-meets-most-chinese-trade-demands |
Obviously. Trump has caved on the china tariffs, which is what caused it to tank in the first place. |
It will back to Biden economy with 0% tariff, and he will declare victory and soooo tired of winning. Him and his cronies, and some who know how to benefit from this situation are already pocketing millions from the stock market turmoil he purposely created. This is basically all about. Wealth movement, securing wealth till the next seven generations. |
He didn’t cave. It’s the art of the deal. Why no credit, at all, for anything he or the administration does. What is wrong with negotiating and coming to a more equitable and fair solution for both countries. Isn’t the left all about equity and fairness?! |
Trump is chaotic. Market does not like chaos. |
=1 the spy options trading on friday was off the charts. someone made a lot of money |
He caved. There isn't a single objective media source or economist who says otherwise. The US is in a worse position today than if Trump had done nothing on tariffs at all back in January. |
lol temporary 90 day deal |
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Trump got trumped and out played. |
This wonderful news!!!!
Aren’t we supposed to pay 147%… and now we only need to pay 30%.. Everybody should thrilled!! (IYKYK) |
He really did get played. He’s weak and hired idiots like Bessent. He was barely coherent, too. My god. |