The United States and China agreed Monday to drastically roll back tariffs on each other’s goods for an initial 90-day period, in a surprise breakthrough that has de-escalated a punishing trade war and buoyed global markets.
The “breakthrough” being that in return for Trump scaling back the new US tariffs, China has agreed to scale back their new tariffs.
So America started a fight, realised they couldn’t win, and then started begging for a return to status quo. And they’re hailing this climb down as a breakthrough.
The “breakthrough” being that in return for Trump scaling back the new US tariffs, China has agreed to scale back their new tariffs.
So America started a fight, realised they couldn’t win, and then started begging for a return to status quo. And they’re hailing this climb down as a breakthrough.