Trump just announced all country tariffs will be paused for 90 days except for China whos stuck at 125% now. There will be a minimum 10% tariff applied during this 90 days pause.
And I'm thinking this is just what he planned out in advance. Not only did he get everyone to take his threat seriously, he actually collected tariffs. Now that everyone knows he's crazy enough to do this he graciously gave a pause and lowered all the tariffs except china to 10%, something a lot of these countries are now so happy for. And something they'll want to keep after 90 days
Interesting to see what China does next. Maybe release new covid
Basically, he's sidelined China who thought they could stand toe to toe to America only because they have more media influences thanks to western media's failing.
Now that the likes of Japan, South Korea and India suddenly have their tariffs down to 10%, they feel like they can breathe while China is the one guy outside in the cold.
China is just flailing in the wind with a “counter tariff.” All it did was stop them from getting pig, which just starves the Chinese populace more.
Now China is asking for a negotiation
How fast did they fold last time Trump had a trade war with China? Was it more than a month?