dead [he/him]@hexbear.net to news@hexbear.netEnglish · 9 months agoUS-China Joint Statement: US tariff on Chinese goods reduced to 30%, China tariff on US goods reduced to 10%, agreement lasts for 90 dayswww.cbsnews.comexternal-linkmessage-square46linkfedilinkarrow-up1108arrow-down10file-text
arrow-up1108arrow-down1external-linkUS-China Joint Statement: US tariff on Chinese goods reduced to 30%, China tariff on US goods reduced to 10%, agreement lasts for 90 dayswww.cbsnews.comdead [he/him]@hexbear.net to news@hexbear.netEnglish · 9 months agomessage-square46linkfedilinkfile-text
https://www.whitehouse.gov/briefings-statements/2025/05/joint-statement-on-u-s-china-economic-and-trade-meeting-in-geneva/ https://english.news.cn/20250512/3bfe051fddb1495abced83014ba39298/c.html
minus-squareUmbraVivi [he/him, she/her]@hexbear.netlinkfedilinkEnglisharrow-up60·9 months agoOk but 30% is still a lot. It’s not the completely comical number it was before but 30% increases on all imports from China is still gonna cause a lot of businesses to go under and prices to go up.
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up55·edit-29 months agoThere was already pretty large tarrifs on China from Biden If China was able to bait and switch them and get the existing under Biden 100% tarrif on EVs down to 30% that’s a win. Same with solar panels. Edit: Only new tarrifs are paused :(
minus-squareMarmiteLover123 [comrade/them, any]@hexbear.netlinkfedilinkEnglisharrow-up31·9 months agoThis tarrif reduction is only to do with tarrifs from early April 2025 onwards, so the EV tarrifs are unchanged for now: both parties had committed to a 90-day suspension of most of the levies imposed since early April.
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up3·9 months agoAww, I thought they tricked em
minus-squareSmokinStalin [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up23·9 months agoYo that is actually sweet. I want a chinese ev so bad.
minus-square30_to_50_Feral_PAWGs [she/her]@hexbear.netlinkfedilinkEnglisharrow-up6·9 months agoDomestic? Sure. US export model? Ehhhh
minus-squareSmokinStalin [comrade/them]@hexbear.netlinkfedilinkEnglisharrow-up3·9 months agoReliable chinese branded EV. Not whatever bezos is gonna do. Down to learn enough mandarin to read safety labels and shit.
Ok but 30% is still a lot. It’s not the completely comical number it was before but 30% increases on all imports from China is still gonna cause a lot of businesses to go under and prices to go up.
There was already pretty large tarrifs on China from Biden
If China was able to bait and switch them and get the existing under Biden 100% tarrif on EVs down to 30% that’s a win. Same with solar panels.
Edit: Only new tarrifs are paused :(
This tarrif reduction is only to do with tarrifs from early April 2025 onwards, so the EV tarrifs are unchanged for now:
Aww, I thought they tricked em
Yo that is actually sweet. I want a chinese ev so bad.
Domestic? Sure. US export model? Ehhhh
Reliable chinese branded EV. Not whatever bezos is gonna do. Down to learn enough mandarin to read safety labels and shit.