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.

  • 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.