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Chinese vice premier says meeting with US in-depth, candid and constructive (www.globaltimes.cn)

submitted 1 month ago by yogthos@lemmygrad.ml to c/worldnews@lemmygrad.ml

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[–] yogthos@lemmygrad.ml 8 points 1 month ago (1 children)

So looks like they dropped the tariffs to 30% and China dropped theirs to 10%. Still funny, but was hoping China would just force them to drop them entirely.

[–] Commiejones@lemmygrad.ml 8 points 1 month ago (1 children)

Its a 90 day pause. So if China stonewalls the negotiations then Trump is going to look like a yo-yo. And new tariffs would come back on just in time for the shelves to be emptied by christmas retail season.

This could end up better than trump just backing down.

[–] yogthos@lemmygrad.ml 7 points 1 month ago (1 children)

Exactly, also this is gonna keep markets nervous because nobody knows what happens after 90 days. So, the US will have a hard time recruiting countries against China in the meantime.

[–] Commiejones@lemmygrad.ml 5 points 1 month ago

I don't know much about economics but this feels worse than no deal. What I do know is that I want to play poker with trump.