Dow and NASDAQ Up 3%+ On News Of China Detente
China tariffs under Biden:
EVs: 100%
Semiconductors: 25%
Steel/Aluminum: 25%
Lithium Batteries: 25%
Solar Cells: 50%
Ship-to-Shore Cranes: 25%
Medical Products: between 25% and 50%
Trump claims China is ripping the US off, and needs to be punished.
Before meeting with China to discuss it, he announces increases in tariffs, prompting increases from China.
MAGA says it's just him being a 3-D chess player, and wait until they come crawling to "kiss his ass".
Economists say this makes no sense.
World markets tank.
So, over the weekend, he sends a team to Geneva, and announces that the tariffs on China are now 10%.
MAGA is hailing him as some sort of genius.
Everyone else says: huh?
EVs: 100%
Semiconductors: 25%
Steel/Aluminum: 25%
Lithium Batteries: 25%
Solar Cells: 50%
Ship-to-Shore Cranes: 25%
Medical Products: between 25% and 50%
Trump claims China is ripping the US off, and needs to be punished.
Before meeting with China to discuss it, he announces increases in tariffs, prompting increases from China.
MAGA says it's just him being a 3-D chess player, and wait until they come crawling to "kiss his ass".
Economists say this makes no sense.
World markets tank.
So, over the weekend, he sends a team to Geneva, and announces that the tariffs on China are now 10%.
MAGA is hailing him as some sort of genius.
Everyone else says: huh?
