There’s no deal, just another 90 days of tension. In Trump’s logic there is going to be coming a lot less tariff money to the US though. He’ll explain it to us, I’m sure.
A 90-day trade pause? That’s not even enough time for a round trip ship from Beijing. Meanwhile, small traders have cancelled orders. Businesses have cut staff or shut down. This on-again, off-again cosplay trader routine isn’t strategy. It’s destroying lives.
💯 this uncertainty will kill business investment which will be seen in a couple of months. Meanwhile China is more popular and reliable than US. Whoever thought this would ever happen ??
Exactly. Would you place an order on goods that could be 150% more expensive by the time they land? It’s impossible to trade in this climate, even with a 90 day tariff pause. Everyone is just going sit this out while they’re waiting to see the next foolishness emerge from the White House.
But in the meantime, Trump and his insiders could add few more thous to their pocket with a bit of insider trading, using Trump crypto so that it cant be traced.. Natch, US pensions, which are invested in stocks, weren't one of the insiders. - if it's not exclusive, it won't work.
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In 15 minutes…
lower Tariff where they used to be! 😉
Watch Donny try to spin this as a Victory.
#ChinaTrade #SMEs #PolicyVsReality
https://www.politico.eu/article/usa-popularity-collapse-worldwide-trump-return/
*sigh*