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Surprise US-China trade deal gives global economy a big reprieve https://www.byteseu.com/1004594/ #90DayPause #CriticalMinerals #DonaldTrump #economy #fentanyl #GenevaTalks #GlobalEconomy #InflationaryPressure #NontariffBarriers #ScottBessent #TradeRelations #TrumpTariffs #UsChinaTradeDeal #USChinaTradeWar #XiJinpingReciprocalTariffs
this is my first time riding on the interstate in months and wow #pennsylvania must have a new #fentanyl program because there are hella billboards about febtanyl treatment options!
1 BMO: Yesterday, the #U.S. and #China agreed to turn down their #tradewar for 90 days and negotiate a #tradedeal in the interim. America’s 125% #reciprocaltariff on China will be lowered to the 10% universal #levy, but the 20% #fentanyl #tariff remains.
#markets
>Mr. Bessent and Jamieson Greer, the United States Trade Representative, for the Trump administration, said the two countries had substantive discussions on U.S. demands that Beijing crack down on the trafficking of the chemical ingredients used to make fentanyl. Mr. Bessent said the Chinese “understood the magnitude” of the fentanyl crisis in the United States.
LOL that's the canard they're gonna hide under?
US |
CHINA
U.S. and China Agree on 90-Day Tariff Cut
Geneva talks end with mutual tariff reduction to ease trade tensions.
Joint negotiation framework set by Bessent & He Lifeng.
U.S. seeks end to rare earth export limits, curbs on fentanyl materials.
Chinese markets rally; yuan gains after deal.
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