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US backs down on China tariffs [1]
['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']
Date: 2025-05-12
The BBC is reporting that, in a not-at-all shocking development, the US and China have agreed to reduce mutual 100+% tariffs by 115% for 90 days.
Removing idiotic tariffs you only just imposed is not a trade deal, it's a capitulation. Krasnov, of course, will spin it as a "trade deal" just as he did a few days ago when he removed tariffs on imports from the UK and got almost nothing in return.
Much of the damage, of course, cannot be undone so easily. The rest of the world no longer sees the US as a reliable partner, and the US cannot even begin to fix that perception while Krasnov remains in office.
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[1] Url:
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