President Donald Trump has floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting as he looks to deescalate the trade war.

President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war.

  • whyNotSquirrel@sh.itjust.worksEnglish
    10·
    18 hours ago

    The only outcome from this is empty shelves and stagflation.

    Wrong, there’s also prices dropping for us(no caps) Europeans

    • filister@lemmy.worldEnglish
      11·
      16 hours ago

      That’s not exactly true, as a lot of companies are increasing prices in other regions to offset their profit dips and/or retain some market share in the US. This trade war sucks for absolutely everyone and it is sickening that a single looney idiot can achieve so much damage.