World News@lemmy.worldEnglish · 23 hours ago

Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war

apnews.com

cross-posted to:
politics@lemmy.world

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Trump floats cutting China tariffs to 80% ahead of meeting as he looks to deescalate trade war

apnews.com

RandAlThor@lemmy.ca to

World News@lemmy.worldEnglish · 23 hours ago

cross-posted to:
politics@lemmy.world

As US and China begin trade talks in Geneva, Trump's tariff hammer looks less mighty than he claims

apnews.com

The way President Donald Trump sees it, beating China in a trade war should be easy. After all, the Chinese sell Americans three times as much stuff as Americans sell them.

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.

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Angry_Autist (he/him)@lemmy.world
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3 hours ago
Not for no reason, because he somehow thought it would generate enough profit to cut taxes on the rich

Literally no one in his administration understands macroeconomics

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