Politics Tariffs/Trade Wars

[PEMM]

If tariffs add 10% to the imported option, in an otherwise equal market, the local guy can increase his prices by 9%……

Probably not quite that much (for them wanting to be clearly cheaper option), but this is how you end up with increased prices due to tariffs across the board.

 

[Chazman]

 

[Hiryu2.0]

Trump claims ‘total reset’ in US-China trade relations after tariff talks in Geneva

US president praises ‘very good’ discussions as top US and Chinese officials meet over trade war triggered by Trump’s tariff blitz

www.theguardian.com

before

https://edition.cnn.com/2025/05/10/business/zero-ships-china-trade-ports-pandemic?utm_medium=social&utm_source=blueskyCNN&utm_content=2025-05-10T10:05:38

 

[Chazman]

 

[Hiryu2.0]

China is said seeking Argentina crops as it skirts US tariffs

China signed a letter of intent with exporters in Argentina to buy about US$900 million of soybeans, corn and vegetable oil.

www.batimes.com.ar

 

[PEMM]

US folds and lowers the tariffs to 30%. For at least next 90 days.

I guess the reality was setting in.

• Trade war breakthrough: The US and China agreed to drastically roll back tariffs on each other’s goods for an initial 90 days, de-escalating a punishing trade war and buoying global markets. By May 14, the US will temporarily lower its overall tariffs on Chinese goods from 145% to 30%, while China will cut its levies on American imports from 125% to 10%.

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edition.cnn.com

 

[Chazman]

https://www.cnbc.com/2025/05/12/bessent-sees-tariff-agreement-as-progress-in-strategic-decoupling-with-china.html

 

[Chazman]

US folds and lowers the tariffs to 30%. For at least next 90 days.

I guess the reality was setting in.

Explain how you define that as "US folds"

 

[Chazman]

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[thelistener]

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Art of the deal implies you got something in return. What did you get? Only a ceasefire to a trade war you started or?

 

[Chazman]

Art of the deal implies you got something in return. What did you get? Only a ceasefire to a trade war you started or?

We don't know the details yet, do we? But what we might know is, China agrees to open it's home markets to US products, China agrees to end fentanyl production, (we'll see), and all other tariffs on what the US considers to be strategic products, ie.; steel, pharmaceuticals, etc., remain.

You guys should look up the definition of "deal".

 

[thelistener]

We don't know the details yet, do we?

Because there isn't a deal yet?

 

[Chazman]

Because there isn't a deal yet?

From what I understand, it hasn't been put to paper yet. There is supposed to be a joint press conference today.

 

[PEMM]

Explain how you define that as "US folds"

US stated just, was it last week, that it won't lower the tariffs.

And here we are, very close to the starting point (didn't they start from 30%?).

Deal where you walk back is still a deal.

 

[Chazman]

US stated just, was it last week, that it won't lower the tariffs.

And here we are, very close to the starting point (didn't they start from 30%?).

Deal where you walk back is still a deal.

If I'm not mistaken, China said the same thing.

 

[Chazman]

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[Chazman]

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[Chazman]

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www.cnbc.com

 

[Hiryu2.0]

https://www.cnbc.com/2025/05/12/china-trade-trump-tariffs-beijing.html

 

[Junglejim]

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www.cnbc.com

So basically they got the American consumers to pay more of the deficit. Nice.