As part of an agreement hammered out in Geneva over the weekend, the US will lower tariffs on Chinese goods to 30 per cent from 145 per cent and China will reduce duties on US imports to 10 per cent from 125 per cent.Masterful gambit, sir, not quite solving a problem you created in the first place, once again.
30% is still going to do a lot of damage. Low enough that more necessary goods will flow, but not much of the rest of it. Small businesses will be fucked.
Also, it's only for 90 days. The uncertainty is more important than the levels, at this point. It takes awhile to turn the boats back on.
Also, lol.
