☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 3 months agoUS and China agree to drastically roll back tariffs in major trade breakthroughwww.cnn.comexternal-linkmessage-square21fedilinkarrow-up142arrow-down10cross-posted to: [email protected][email protected]
arrow-up142arrow-down1external-linkUS and China agree to drastically roll back tariffs in major trade breakthroughwww.cnn.com☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to World News@lemmygrad.mlEnglish · 3 months agomessage-square21fedilinkcross-posted to: [email protected][email protected]
minus-square☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOPlinkfedilinkarrow-up21·3 months agoThere was already a 25% tariff on a lot of goods from China before the trade war started. Now they’ve agreed to a flat 30% tariff, so basically Trump managed to raise tariffs on China by 5%. https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet-president-biden-takes-action-protect-american-workers-and
There was already a 25% tariff on a lot of goods from China before the trade war started. Now they’ve agreed to a flat 30% tariff, so basically Trump managed to raise tariffs on China by 5%.
https://www.commerce.gov/news/fact-sheets/2024/05/fact-sheet-president-biden-takes-action-protect-american-workers-and