US-China Joint Statement: US tariff on Chinese goods reduced to 30%, China tariff on US goods reduced to 10%, agreement lasts for 90 days
U.S. and China to ease tariffs significantly for 90 days, White House announces
In case y'all missed it, the (real) Xiaohongshu wrote a very lengthy but well detailed explanation about why it was in China's interest to reduce tariffs quickly:
I read that. To me it just sounds like we'll never see the end of the US Empire in our lifetimes
Yeah, by making themselves indispensable to the US economy they've prevented the US from outright attacking them (so far) but it also means the US economy is indispensable to China's, and they'll keep the US alive and prop it up for far longer than it needs to be.
you place it down gently until it can no longer reach the big nuke button
Yeah, I know why they're doing this, but it is still frustrating. I'm a western leftist, we demand socialism for all within the decade regardless of material conditions!
That’s every xiaohongshu post, nothing matters until the PRC stop being libs
It could still happen, the collapse will just be messier and triggered by climate change
My brain is too fried for xioshonghu's posts, but the US was a big part of their exports. I'm not surprised that they wanted to renegotiate the with the US.
I guess it's a win for china, they've gone from absurdly high tariffs on their goods to just high tariffs.