USA & China Slash Tariffs - Joe Blogs

[TexasTowelie]

In this video I talk about the announcement that the USA and China have agreed a reduction of 115% in the trade tariffs that had escalated to 145% for USA imports and 125% for China imports. This reduction is a 90 day pause agreement, similar to the pause announced recently for all most other countries, and is designed to give both parties time to agree a full trade deal. In the video I discuss the reasons why this has been agreed, which companies will benefit the most, what the potential savings will be and how these tariffs will impact on the USA, China and the Global Economy.

Chapters:
0:00 Intro
1:22 ESCALATION
2:52 NEW DEAL
4:58 USA IMPORTS
6:45 COST INCREASE
7:59 USA COMPANIES
9:52 CHINA
11:12 SUMMARY & CONCLUSION

[RandySF]

1. No

They’re just not going to cataclysmic rates.