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HarryLime [any]@hexbear.net to Chapotraphouse@hexbear.netEnglish ·
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7 months ago

Trump has brought reciprocal tariffs on China back down to 30%, surrendering on the trade war he started

hexbear.net

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Trump has brought reciprocal tariffs on China back down to 30%, surrendering on the trade war he started

hexbear.net

HarryLime [any]@hexbear.net to Chapotraphouse@hexbear.netEnglish ·
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7 months ago
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  • joaomarrom [he/him, comrade/them]@hexbear.net
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    7 months ago

    • HarryLime [any]@hexbear.netOP
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      7 months ago

      I wouldn’t call it nothing

      • joaomarrom [he/him, comrade/them]@hexbear.net
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        7 months ago

        I suppose it’s somethingn’t

  • VILenin [he/him]@hexbear.net
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    7 months ago

    Once again supporting my theory that will never be a decisive moment in time when everything comes crashing down, things are just gradually going to get worse, and worse, and worse… there will be no September 1st moment, the heat is (literally) going to be turned up until we’re all cooked to death.

  • ThermonuclearEgg@hexbear.net
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    7 months ago

    has cancelled all reciprocal tarrifs on China

    Source? I thought it was going back to 30% which is still very close to the initial “reciprocal” tariffs

    • CarlMarks
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      7 months ago

      I think the baseline default was around 20% before, which makes 30% still an increase.

  • AntiOutsideAktion [he/him]@hexbear.net
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    7 months ago

    I am personally feeling some relief. I am the trough. Now probably I just have to deal with a couple slow months instead of staring down unemployment.

    • Photuris@lemmy.ml
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      deleted by creator

      • AntiOutsideAktion [he/him]@hexbear.net
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        7 months ago

        They’re going to say they win either way. Bad conditions don’t result in better politics they just get more extreme in their views. If that were the case you should already be seeing positive results.

      • JD_Vyvanse [he/him, they/them]@hexbear.net
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        7 months ago

        The accelerationist in me prefers a flare-up over a slow burn, so I dunno.

        imo things getting worse without the working class building & bolstering militant institutions of direct power just means things get worse. you need capitalism to hit a crisis point + the working class to become an actual existential threat and force to be reckoned with for revolutionary change to go down. the amerikan left is nascent at best rn (though in my most optimistic moments i think maybe we’re planting strong seeds, or at least stronger seeds than it seems at a glance), so anything that alleviates suffering and buys our class time to build the bones of something substantial is the best outcome at this juncture.

        • FunkyStuff [he/him]@hexbear.net
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          7 months ago

          The problem is that there’s not really a chance for the working class to build consciousness and organization until material conditions reach a more radicalizing point, so you have a chicken and egg problem. I think the real danger is in things deteriorating too suddenly, reaching a boiling point before the socialist organizations have enough maturity to seize the chance.

      • Self_Sealing_Stem_Bolt [he/him, they/them]@hexbear.net
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        7 months ago

        If we avoid complete economic meltdown

        The whole world has confirmation that amerika isn’t to be trusted and dealt with. The global south has watched for a year and a half of amerika doing genocide while talking about Rules and Human Rights. Nobody outside The West, thinks very highly of amerika anymore. Plus, there’s gonna be a gap in the supply chain from when there was so much uncertainty. It might not be as catastrophic now, but amerika isn’t gonna fully recover from this.

    • Des [she/her, they/them]@hexbear.net
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      7 months ago

      same. both my partner and I are on different ends of the retail slop chain. our jobs are shitty but typically considered “recession proof”

  • HelluvaBottomCarter [comrade/them]@hexbear.net
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    7 months ago

    • lil_tank [any, he/him]@hexbear.net
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      7 months ago

      And they said art is dead

  • DengistDonnieDarko [none/use name]@hexbear.net
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    7 months ago

  • porcupine
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    3 months ago

    deleted by creator

  • BeanBoy [she/her]@hexbear.net
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    7 months ago

    First time playing Victoria 3 shit

  • TheSpectreOfGay [hy/hym, she/her]@hexbear.net
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    7 months ago

    this is the “art of the deal” right

  • SootySootySoot [any]@hexbear.net
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    7 months ago

    In exchange for China bringing their own tariffs down to 10%, no? I thought this was kind of a disappointing China concession after all.

    • Lussy [he/him, des/pair]@hexbear.net
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      7 months ago

      Yeah, didn’t tariffs on China increase 5 in total and remain the same the other way around?

  • notarobot@lemm.ee
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    7 months ago

    I really thought it was “president 11”.

    • Lucien [he/him]@mander.xyz
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      7 months ago

      Same?? Not sure why, I guess because of the all-caps

  • Finger [he/him]@hexbear.net
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    7 months ago

    no more half measures walter

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