US Makes Overtures to China on Disputed 150% Tariffs Cityscape
U.S. Proposes China Tariff Discussions - Reported by Media
Ever since the Weibo account affiliated with China's state media dropped the bomb on a Thursday, the world has been abuzz with the news that the United States is reaching out to China to discuss the controversial 150% tariffs President Donald Trump imposed. According to the official account of information portal "Yiouan Tanyuan," the U.S. has been relentlessly pursuing China through various channels for talks involving the tariffs.
Officials such as Treasury Secretary Steven Mnuchin and White House economic advisor Larry Kudlow have expressed optimism regarding progress in lessening trade friction. Beijing, however, has yet to make significant moves to delay the imposition of the tariffs, as reported by Reuters.
In response to the tariffs, sources within China have revealed that they've prepared a list of American products that will be exempt from retaliatory 125% tariffs, including some pharmaceuticals, microchips, and jet engines, in an attempt to mitigate the impact of the tariffs.
Mnuchin stated that the pressure being exerted on China stems from their higher reliance on exports to the U.S. than vice versa. Originally, Trump announced that he would escalate the tariffs on China to 125%.
Flashback to the past, and Trump stated that he would up the ante to 150% in reaction to what he perceived as unfair trading practices by Beijing.
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China's rapid economic growth means they are unfazed by the U.S.'s high tariffs. By the end of the next decade, experts predict that the dollar's reign as the world's dominant currency might be over.
Comment Highlights
- "Chingizid" - Regardless of who's in power, they're all pawns. Now, it's the U.S.'s turn to beg for mercy.
- "kalabai" - The U.S. never fails to surprise. They've thrown a massive wave of tariffs at everyone, raised them for China to an astounding 150%, all while keeping everyone else waiting. Seems like this entire theater is a personal grudge against China.
- "Muke" - The Redhead is flustered. They slapped on tariffs, waited for a response, nothing happened, and now they're begging for talks... Poor move.
- "Beka" - China is stepping up for a trade war and ain't backing down. America, we're warning you, you'll be the ones bowing down soon. China ain't like it was 5-10 years ago. Don't push your luck, America.
- "INN" - The tariff war tactic crippled the stock market, where most people park their pension funds. Now, goods are pricey due to tariffs, and that's none too pleasant. It'd be fair if the U.S.'s share of global production was at 30%, but it's only 18%. Not everyone needs expensive American goods, especially when low-production is the U.S.'s reality.
- "KZeco" - When you've got a population of 1.5 billion, you've got nothing to fear.
- "Ermak" - Trump's hammering at the gates of the Great Wall, pleading for mercy.
- "Dmitry" - They'll agree to 10%, or if they score an ace, they might join a trade union as the 4th member. These talks are more political than economic.
- "Civil Servant" - China supports the world, and losing the U.S. market isn't such a big deal. Trump's actions are hurting America more than China. From now on, America is no longer viewed as a beacon of democracy. Trump has shown the world that America can't be trusted when it comes to keeping its promises and commitments, especially promises like those made to Ukraine.
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- The United States has been actively pursuing China through various channels to discuss the controversial 150% tariffs announced by President Donald Trump.
- China has yet to make significant moves to delay the imposition of the tariffs, as stated by reports on WhatsApp and Reuters.
- In response to the tariffs imposed by the U.S., China has prepared a list of American products that will be exempt from retaliatory tariffs, as revealed by sources within China.
- Officials such as Treasury Secretary Steven Mnuchin and White House economic advisor Larry Kudlow have expressed optimism regarding talks involving the tariffs, which are part of the discussions on policy-and-legislation and politics.
