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cyrano@lemmy.dbzer0.com to World News@lemmy.worldEnglish · 2 days ago

China and US agree to slash tariffs

www.ft.com

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China and US agree to slash tariffs

www.ft.com

cyrano@lemmy.dbzer0.com to World News@lemmy.worldEnglish · 2 days ago
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Deal to reduce duties for next 90 days marks first sign of tension easing between the two economic superpowers
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  • skozzii@lemmy.ca
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    1 day ago

    You mean the USA capitulated to the one and only demand China had. And now we are back where we werr before the trade war started, but in a much worse position.

    • InvertedParallax@lemm.ee
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      16 hours ago

      Yes, but he gets to claim victory.

    • cyrano@lemmy.dbzer0.comOP
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      1 day ago

      Trump, the pump and dump president

  • besselj@lemmy.ca
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    2 days ago

    Wow, he sure showed China who’s boss 🤡

    • scarabic@lemmy.world
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      1 day ago

      AND the stock market ROARS BACK to… 80% of previous baseline. O the winning!

  • Zier@fedia.io
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    2 days ago

    Fake trade war was ‘solved’ to still impose more import taxes on the US consumer. These people couldn’t negotiate their way out of a plastic, sealed, bag.

  • poopkins@lemmy.world
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    2 days ago

    Now it’s up to the justice department to obtain details about shorts made prior to the tariff war and investments made prior to the reconciliation so they can prosecute anybody who performed blatant market manipulation.

    • Optional@lemmy.world
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      1 day ago

      Y’know they couldn’t even bust him for stealing nuclear secrets to sell to the Saudis.

  • blinfabian@feddit.nl
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    2 days ago

    NOOOO PLS LET IT CONTINUEEE I WAS ENJOYING THE SHOW

  • DoGeeseSeeGod@lemmy.blahaj.zone
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    2 days ago

    Like honestly I’m mad about this and idk why. Like I know the tariffs were ass fucking backwards stupid and would likely cost me my job. I know Trump is a spineless piece of shit conman croward. But come on. All this fucking bark, and and we got what like 2 days of actual tariffs being levied and he backs off? Like I wish the piece of shit and his whole admin would die so very very very painfully, and yet he is able to disappoint me?

    I know i should feel grateful, so yay for not totally fucking up the economy for next 90 days, hopefully, you spineless rotting cumstain

    • Coreidan@lemmy.world
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      1 day ago

      Don’t worry. The economy is still going to get fucked up but at least there is an end date on it.

      But let’s be real. It’s not over.

  • wewbull@feddit.uk
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    2 days ago

    So what has changed from before all of this? What have they agreed to that makes this all worth while?

    • drhodl@lemmy.world
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      1 day ago

      Well, there was a little bit of Insider Trading, so fortunes were made… Oh, you mean worth while for the Country? There was nothing gained, nothing. But a lot was lost…

    • Saleh@feddit.org
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      2 days ago

      A 90 day truce while China accepts 30% US tariffs for that time.

      • wewbull@feddit.uk
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        1 day ago
        • US put up tariffs
        • Chine put them up in response
        • They now both drop them for 90 days

        Nothing has been achieved.

        What goal are we closer to? What does Trump want to get out of these negotiations?

        • ozymandias117@lemmy.world
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          23 hours ago

          He’s on video congratulating people like Charles Schwab making 2.5 billion dollars from his constantly changing tariffs, so…

          Probably that. Occam’s razor and all

  • Mediocre_chad@piefed.social
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    2 days ago

    Oh goodie! It’s all better now that we’ll only have to pay an arbitrary 30% more for goods from China! Whew, glad they saved the day! Long live fascicapitalism!

    • cyrano@lemmy.dbzer0.comOP
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      2 days ago

      For now, so far trump always chicken out (TACO)

  • drhodl@lemmy.world
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    1 day ago

    Regardless of any outcome, Drumpf was always going to claim a resounding victory.

  • overload@sopuli.xyz
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    2 days ago

    Reuters link: US and China reach deal to slash trade tariffs - https://www.reuters.com/world/china/us-china-reach-deal-slash-tariffs-officials-say-2025-05-12/

  • grysbok@lemmy.sdf.org
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    1 day ago

    De minimus exemption is still dead, right?

  • neon_nova@lemmy.dbzer0.com
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    2 days ago

    Text?

    • cyrano@lemmy.dbzer0.comOP
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      2 days ago

      https://archive.is/2025.05.12-071546/https://www.ft.com/content/92887b83-1b99-4d69-ba70-6bc812e23dbe

      • neon_nova@lemmy.dbzer0.com
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        2 days ago

        Thank you very much 🙏

  • cyrano@lemmy.dbzer0.comOP
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    2 days ago

    Nothing ever happens 📈📈📈📈

  • Smoogs@lemmy.world
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    1 day ago

    The facepalm admin

  • tetris11@lemmy.ml
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    2 days ago

    Aww, how sweet

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