No. of Recommendations: 19
So we currently have:
1. The US will lower the rate at which it taxes Americans who buy stuff from China, to 30%.
2. China will lower the rate at which it taxes Chinese folks who buy stuff from the US, to 10%.
Our macroeconomic prospects are better today than they were last week but much worse today than on Inauguration day.
So far we have two "deals":
1. Americans will pay a 10% tax on stuff they buy from the UK .
2. Americans will pay a 30% tax on stuff they buy from China.
Of course this is the opposite of what was promised, "When I win, I will immediately bring prices down, starting on Day 1!" ~Trump
Lastly, before getting excited about the China "deal," remember the UK "deal"...
which literally says, "Both the United States and the United Kingdom recognize that this document does not constitute a legally binding agreement."
reuters.com - US china reach deal slash tariffs officials saynpr.org - US china tariffs deal trade war beijing washingtonbsky.app: @justinwolfers.bsky.social on Bluesky 