US Treasury Secretary Bessent: It's implausible tariffs on China go below 10%

Trump did not give in. This is good news for everyone. Trump and Xi look like hero's and that is fine. If the deal did not go as planned, China would suffer as much as USA and the rest of the world.

Quick: Who understands economics and who talks only based on a political bias?
That is to say, was 2.5% tariff on imported BMW "fair" and was the 10% tariff on Chevrolet (22% on pickups) imported into Germany "correct" plus 15% to 25% VAT?

Oh no. Trump wants to crash the economy say politically biased commentators.

And how about the US negatoive balance of payments Trump wants to lessen? Huh? What is that?

And so it goes......

Hey just take the additional liquidity that it provides the markets. We are just participants in a market that consistently ebbs and flows.

pls how do you trade this kind of market conditions? Which timeframe are you looking at? My strategy doesn't work in this conditions pls help a brother

Not much surprising, and Donald to give in from his bullying approach in the last weeks, that simply dont work in China. Now down to normal customs and toll rates, and no "trillions in income" like Donald used in campaign, all a play, based upon his mobster methods, also described in his garbage book. It may work in Soprano-land, but not in China. They both need each other, in my clear opinion USA more than China (note, I do not discuss this, as it is an opinion based upon 15 years of working and trading in China and Asia, knowing their culture well. Also some 25 years in North and Latin America). But now more "risk off", stronger USD, and very important: stability in the financial markets. It is positive news and stock markets strengthening on this. The parties and companies can now plan, budget, and execute business immediately based upon this, not wait and hold business back - "business as usual".

It's going to be a wild open in the stock market.

yes this is so annoying, never seen this kind of unpredictable and unreliable set of people in USA government before

bro lets just trade tommorw wait for this meeting to get over

Yes, China's trade is arrogant and disobedient. Time to teach them a lesson.

"decoupling" should get more attention as its directly contradicting Bessents most recent statement

Tired 🥱 of these tiger paper,

how's that a bad news after 140%?

gold might go further down ????

RESPUESAS DE CHINA.....

Lol Bessent spent last weekend studying the dictionary

45mins later said another thing... damn retard

So we're done with pretending that the US will onshore manufacturing and the tariffs will replace income tax?

What a circus. 3.5 more years until the next presidential election.

Not a bad news. China interest in nothing from US