>Donald Trump won’t be so tough on China, after all.
>Treasury Secretary Scott Bessent announced early Monday that U.S. tariffs on China would temporarily decrease from 145 percent to 30 percent for the next 90 days. The suspension followed a meeting in Geneva where Bessent and other U.S. officials met with their Chinese counterparts and—at least for now—put aside some of their differences.
>“We concluded that we have a shared interest,” Bessent said at a news conference following the discussion. “The consensus from both delegations is that neither side wanted a decoupling.”
Holiday_Leek_1143 on
I wish people would wrap their minds around the fact you can’t say tariffs are a negotiation tactic AND a way to bring back manufacturing to the US. He’s playing with the stock market at the expense of the everyday American. I’m so sick of this nonsense.
I think he needs to reinstate the de minimis exemption or consumers are probably going to continue to be hit with surprise customs bills when importing.
Choice_Cup_3624 on
He is so out of his league.
a_little_hazel_nuts on
I guess we will find out how consumers feel about a 30% price increase. It’s way to early to call this a win. This may cripple small businesses.
TubeframeMR2 on
> Trump Just Caved on China Tariffs—Big-Time
**Trump Just Caved on China Traiffs – Bigly**
Fixed it so the MAGA crowd will understand.
theflower10 on
Bigly
RedRyder760 on
Not caving would be worse for us. This guy is just a loser no matter what he does.
Bearski79 on
The damage is done. Even if they manage to reach an agreement in the next 90 days and Trump doesn’t flip-flop it’ll still be months before ships from China start arriving with goods again. That leaves him plenty of time to get angry at China over something he saw on Fox News, or because Navarro whispered in his ear. And even if all of that is set aside, a baseline tariff of 30% on China and 10% on the rest of the world remains deal or no deal. It’s still inflationary, it’s still souring global relations, and it has resulted in manufacturing job losses rather than the triumphant return of factory jobs he promised.
2_Sheds_Jackson on
Caver-in-Chief?
Powerful_Network on
I doubt he cares about the state of the country 4 years from now. He only cares about grifting schemes. He gets off on watching the market swing when he speaks.
bardinlove on
La-Who-Za-Hers!!!
francois_du_nord on
As I said in an earlier thread, caving like a sand castle in rising tide.
DarrenEdwards on
And consumers just get a 10-25% instant increase in prices with a huge increase in government overreach! Anyone who bought enough volume to get a shipment from China last week bought at 145% rate and did so with credit at 8%. Now before those items get to store shelves, they are already underwater and have to eat that additional cost! In the mean time, some of Trump’s buddies cleaned up!
Trump will not acknowledge this failure and his people are not going to look further. There is no downside for him at all, while this still fucks everyone else.
Sure_Quality5354 on
I dont know why this is the narrative. We still have tariffs, prices are still going higher, thousands of people are still going to lose their jobs. All that happened is that we went from great depression to regular depression. Trump still made it worse
Big_Knobber on
I just bought a generator because FEMA is being dismantled, nobody can tell me how much a generator will cost in 60 days, hurricane season is coming fast, and I’m pretty sure it will be every man for himself.
g2g079 on
120% on $800 or less even with the pause. We’re bailing out the wealthy again guys.
MurtaghInfin8 on
So now what’s the incentive for companies to bring manufacturing back to the States?
Do you mean the whole premise was bullshit? /s
speedpetez on
When is Everyone going to learn that he’s a fraud? He destroys the market by breaking alliances and implementing half baked tariffs around the world. Then he caves, one country at a time, and the market rises slightly and he declares victory.
ggrieves on
I imagine the call went something like this:
„Stop, or I will tax the hell out of my own people!“
„We will do nothing differently and your people will still pay the price“
„Hah! we got you, we will keep the tariffs in place but at a lower rate. How you like them apples!?“
SpecialistChance0 on
His knees must be getting sore
ooorayray on
tHe ARt oF ThE dEaL
Dear-Pangolin1391 on
He and his billionaires buddies just made a killing off of the stock market. These tariffs are nothing more than a tool to exact their grift on the American people.
ReasonablePractice83 on
From 145% increase in tax to now 30% just for 3 months, still absolutely fucking garbage and it will help no normal people, thats a massive tax for no reason at all. Disgusting.
omgpuppiesarecute on
We still have 30% tariffs on China and >10% elsewhere. This isn’t caving so much as „door in the face“ negotiation. Start crazy high then retreat to the „also high but now more palatable by contrast“ level.
Why isn’t China gifting Trump a better plane than Qatar? He deserves one for his hard work on the tariff pauses. Also, when will the gift him TikTok already as he has paused that sale date two times for them?
Fresh_Strain_9980 on
I thinks the Chinese are better negotiators than this foo.
spokchewy on
Wow, Trump is amazing, it only took 2 weeks for all manufacturing to move back here to the US
jelloshooter1027 on
I feel like an idiot but doesn’t this mean everything imported to the US from China will cost 30% more.
I’m supposed to celebrate?
walla71 on
Fuck this guy. And fuck MAGA. You will never convert them to your way of thinking. They are broken for good. so treat them as garbage.
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>Donald Trump won’t be so tough on China, after all.
>Treasury Secretary Scott Bessent announced early Monday that U.S. tariffs on China would temporarily decrease from 145 percent to 30 percent for the next 90 days. The suspension followed a meeting in Geneva where Bessent and other U.S. officials met with their Chinese counterparts and—at least for now—put aside some of their differences.
>“We concluded that we have a shared interest,” Bessent said at a news conference following the discussion. “The consensus from both delegations is that neither side wanted a decoupling.”
I wish people would wrap their minds around the fact you can’t say tariffs are a negotiation tactic AND a way to bring back manufacturing to the US. He’s playing with the stock market at the expense of the everyday American. I’m so sick of this nonsense.
https://www.axios.com/2025/05/12/china-trade-deal-shein-temu-trump Still this.
I think he needs to reinstate the de minimis exemption or consumers are probably going to continue to be hit with surprise customs bills when importing.
He is so out of his league.
I guess we will find out how consumers feel about a 30% price increase. It’s way to early to call this a win. This may cripple small businesses.
> Trump Just Caved on China Tariffs—Big-Time
**Trump Just Caved on China Traiffs – Bigly**
Fixed it so the MAGA crowd will understand.
Bigly
Not caving would be worse for us. This guy is just a loser no matter what he does.
The damage is done. Even if they manage to reach an agreement in the next 90 days and Trump doesn’t flip-flop it’ll still be months before ships from China start arriving with goods again. That leaves him plenty of time to get angry at China over something he saw on Fox News, or because Navarro whispered in his ear. And even if all of that is set aside, a baseline tariff of 30% on China and 10% on the rest of the world remains deal or no deal. It’s still inflationary, it’s still souring global relations, and it has resulted in manufacturing job losses rather than the triumphant return of factory jobs he promised.
Caver-in-Chief?
I doubt he cares about the state of the country 4 years from now. He only cares about grifting schemes. He gets off on watching the market swing when he speaks.
La-Who-Za-Hers!!!
As I said in an earlier thread, caving like a sand castle in rising tide.
And consumers just get a 10-25% instant increase in prices with a huge increase in government overreach! Anyone who bought enough volume to get a shipment from China last week bought at 145% rate and did so with credit at 8%. Now before those items get to store shelves, they are already underwater and have to eat that additional cost! In the mean time, some of Trump’s buddies cleaned up!
Trump will not acknowledge this failure and his people are not going to look further. There is no downside for him at all, while this still fucks everyone else.
I dont know why this is the narrative. We still have tariffs, prices are still going higher, thousands of people are still going to lose their jobs. All that happened is that we went from great depression to regular depression. Trump still made it worse
I just bought a generator because FEMA is being dismantled, nobody can tell me how much a generator will cost in 60 days, hurricane season is coming fast, and I’m pretty sure it will be every man for himself.
120% on $800 or less even with the pause. We’re bailing out the wealthy again guys.
So now what’s the incentive for companies to bring manufacturing back to the States?
Do you mean the whole premise was bullshit? /s
When is Everyone going to learn that he’s a fraud? He destroys the market by breaking alliances and implementing half baked tariffs around the world. Then he caves, one country at a time, and the market rises slightly and he declares victory.
I imagine the call went something like this:
„Stop, or I will tax the hell out of my own people!“
„We will do nothing differently and your people will still pay the price“
„Hah! we got you, we will keep the tariffs in place but at a lower rate. How you like them apples!?“
His knees must be getting sore
tHe ARt oF ThE dEaL
He and his billionaires buddies just made a killing off of the stock market. These tariffs are nothing more than a tool to exact their grift on the American people.
From 145% increase in tax to now 30% just for 3 months, still absolutely fucking garbage and it will help no normal people, thats a massive tax for no reason at all. Disgusting.
We still have 30% tariffs on China and >10% elsewhere. This isn’t caving so much as „door in the face“ negotiation. Start crazy high then retreat to the „also high but now more palatable by contrast“ level.
https://en.wikipedia.org/wiki/Door-in-the-face_technique
Why isn’t China gifting Trump a better plane than Qatar? He deserves one for his hard work on the tariff pauses. Also, when will the gift him TikTok already as he has paused that sale date two times for them?
I thinks the Chinese are better negotiators than this foo.
Wow, Trump is amazing, it only took 2 weeks for all manufacturing to move back here to the US
I feel like an idiot but doesn’t this mean everything imported to the US from China will cost 30% more.
I’m supposed to celebrate?
Fuck this guy. And fuck MAGA. You will never convert them to your way of thinking. They are broken for good. so treat them as garbage.