The 90-day truce in the U.S.-China trade war reduces the risk of product shortages and makes a recession less likely in the short-term. But it does little to lift the cloud of uncertainty that has hung over the U.S. economy since Trump took office.
My story:
www.nytimes.com/2025/05/13/b...
#EconSky
China Truce Eases Tariffs but Does Little to Resolve Future Uncertainty
And it will continue post Trump. Sorry, the world sees that even your legislators can’t do a darn thing when a crazy person ascends the throne. And Trump won’t be the last. The US just gave away its “exceptionalism.”
A 30% tax hike on goods from China, substantial layoffs in government, science and medicine, no ships in transit, and massive uncertainty about what the mad king will do next and you think the economy is just going to hum along?
Dass der immer diese bescheuerte Kappe aufsetzt.
#NarrenkappeBen,
I wish reporters would stop calling this situation a trade war. It's not a war. It's a man of the 80's longing for the 50's without the tax rates. It's all hot air. Trump has no authority to levy tariffs. Someone should tell him. The uncertainty seems more like a scheme for insider trading.
I'm starting to think clouds of uncertainty are the real goal for now. They can be quite lucrative for Trump & Friends.
The best way to say this is, we’re all feeling really confident about the economy now, aren’t we? I mean, don’t you just want to run out and buy a Tesla and start a new business? Of course you do. The signs of imminent prosperity are everywhere. Never have we as consumers felt safer to buy big items
Want to know whether Donald Trump or Xi Jinping will win the trade war? China just signed the world’s largest free-trade agreement with Japan and 14 other Southeast Asian Nations. These 16 nations hold $ Trillions in USA Treasury Bonds. How much of their long-term debt is the USA holding? None.
Another 90-day pause. Keep an eye on how many (and which) Republicans sell stocks on or around Tuesday, July 8th (all of the other tariffs resume on July 9th) and then again on Monday, August 11th.
Want to know whether Donald Trump or Xi Jinping will win the trade war? China just signed the world’s largest free-trade agreement with Japan and 14 other Southeast Asian Nations. These 16 nations hold $ Trillions in USA Treasury Bonds. How much of their long-term debt is the USA holding? None.
HOW IS THAT GOING TO GET THE FACTORIES TO COME BACK TO THE US????
Are things being 30% more expensive than they were a month ago really a "truce"?
that is the point. it isn't by accident.
30% is still a ridiculous tax on Americans consumers.
