Seems like a divergent of western source and Chinese. Chinese say 10% to all. I will lean Chinese source for now. Complete surrender by US!
Trump 2.0 official thread
- Thread starter siegecrossbow
- Start date
Not only did the tariffs collapsed but this is just the beginning. The climbdown in tariffs is to allow for negotiations in the next 90 days.
Judging by the complete removal of the reciprocal tariffs, I think we could end up with things like a BYD plant in the US or even loosen rules on semi-conductors (Trump already removed the 3rd party bans on NVIDIA.)
Trump has pretty much changed his tariffs story to "a way to get a deal" not as a de-coupling strategy. Getting Chinese investment (he said before he wouldn't mind BYD building in the US) or having NVIDIA sell more chips would be a "win" in his book.
This fucker in the long run might be better for Sino-American relations than Biden. LOL
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How does it deal affect other countries that got hit by tariffs but stood their ground, like Japan?
They are going to FOMO themselves to a lopsided deal with the USA. China - US thaw has given US space to go harder on these other nations.
They are going to FOMO themselves to a lopsided deal with the USA. China - US thaw has given US space to go harder on these other nations.
Nah, US has demonstrated to the whole world that all you need to do is tell them to fuck off and they will back down after a month. Many countries will still be scared because that month will be very painful, but US leverage is weakened by the lack of followthrough.
That doesn't work for economies such has Japan that are significantly dependent on the USA. It doesn't matter if the whole world thinks that Americans are cunts. If they do not have an equally powerful nation supporting them they will fold.
Of course not every country can behave like China, but the point is however much leverage those smaller countries had yesterday, they have more today. Because the US has just demonstrated the (relative lack of) consequences for defying them.
And of course it matters because everyone will accelerate hedging and diversifying over the long term. Because nobody wants to depend on a bunch of cunts. US can certainly gain short-term concessions out of fear, but it cannot be everywhere to watch everyone all the time. When the US is not in the room is when those smaller countries' opinion matters for which decisions they make.
Opinion matters, but that doesn't mean pissing other countries off is something to always avoid. It just means you need to gain something worthwhile from pissing them off, something of higher value. Trump has forfeited opinion but gained nothing.
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lcloo
Captain
The deal between China and US is a "90 days ceasefire" rather than a binding agreement to cancel the tariff, the war is not yet ended And Trump's flip-flop style may torpedo the ceasefire.
There will be more negotiations to reach a permanent agreement to stop the Tariff war. There is still a long road to go.
There will be more negotiations to reach a permanent agreement to stop the Tariff war. There is still a long road to go.
Perhaps this is the most accurate interpretation-
Current Tariff Retention Status:
U.S. Side:- 10% base tariff + 20% additional (retained)
- 10% base tariff +
- 15% surcharge on coal and liquefied natural gas (LNG)
- 10% surcharge on crude oil, agricultural machinery, high-displacement vehicles, and pickup trucks
- Additional tariffs on select U.S. imports:
- 15% on chicken, wheat, corn, cotton
- 10% on sorghum, soybeans, pork, beef, aquatic products, fruits, vegetables, dairy
U.S. Commitments:
- Full cancellation of 91% tariffs imposed under:
- Executive Order 14259 (April 8, 2025)
- Executive Order 14266 (April 9, 2025)
- Modification of 34% reciprocal tariffs (EO 14257, April 2, 2025):
- 24% suspended for 90 days
- 10% retained
Chinese Countermeasures:
- Full cancellation of 91% retaliatory tariffs on U.S. goods
- 34% reciprocal retaliatory tariffs:
- 24% suspended for 90 days (mirroring U.S. action)
- 10% retained
- Ministry of Commerce:
- Customs:
Except there isn't a lack of consequences. What US did to China if done to a smaller economy will devastate it.
Long term isn't independent of the short term. In the short term if US is able to extract benefits and further solidify it's control over other nations that will pose a long term threat.
Public opinion doesn't matter - isn't it quite clear after these years? Hard power wins. These nations and their public are going to get real pissy when it comes to America but the moment democrats come to power they will forget everything prior to it.