Tariffs Catch-All

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nycfan said:
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U.S. and China Agree to Get Geneva Pact Back on Track​

Trump says ‘full magnets, and any necessary rare earths, will be supplied, up front, by China’ as part of the deal​


🎁—> https://www.wsj.com/economy/trade/u...5?st=Fo5PU1&reflink=desktopwebshare_permalink

“… Representatives from the countries said the framework would essentially restore a pact they agreed to in Switzerland last month, a deal that saw both sides lower tariffs and was premised in part on Beijing’s promise to speed up critical mineral-export licenses while the negotiators kept talking.
… Tariffs will stay at levels agreed to in the deal signed in Switzerland, an administration official confirmed. Trump tweeted that the U.S. would set a “total of 55% tariffs”—a reference to the 30% tariffs applied in his second term, added to duties imposed during the president’s first term.…”
 
UNCatTech said:
I'll be really surprised if China agreed to such an American leaning agreement.
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Not really. It is more or less another TACO - reverting the positions to where they were right after Liberation Day and before Trump went nuts escalating with multiple. China made their point with control over rare earth minerals and Trump made his point with being sort of insane.
 
nycfan said:
Not really. It is more or less another TACO - reverting the positions to where they were right after Liberation Day and before Trump went nuts escalating with multiple. China made their point with control over rare earth minerals and Trump made his point with being sort of insane.
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What absolutely did not happen was China promising in good faith to deliver rare earth metals up front.
 
nycfan said:
Not really. It is more or less another TACO - reverting the positions to where they were right after Liberation Day and before Trump went nuts escalating with multiple. China made their point with control over rare earth minerals and Trump made his point with being sort of insane.
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55% tariffs? To China’s 10%?
 
UNCatTech said:
55% tariffs? To China’s 10%?
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That is where the bidding started on April 2 — basically the parties agree to continue negotiations based on the same framework agreed late last month, which was to pull back on escalatory actions on both sides after April 2 (like China refusing to approve sales or rare earth magnets and minerals to U.S. companies and Trump’s 145% tariff), revert to where things were on April 2 and keep talking.
 


I will say this for Bessent, he flew into DC from negotiations with the Chinese in London and had to do hours of testimony to Congress. I don’t care who you are, that fucking sucks.
 

China Puts Six-Month Limit on Its Ease of Rare-Earth Export Licenses​

Tentative deal reached in London gives Beijing leverage in trade talks​


🎁 —> https://www.wsj.com/world/china/bei...d?st=3NEnHR&reflink=desktopwebshare_permalink

“… Beijing’s agreement to temporarily restore rare-earth licenses was one of the key breakthroughs in the latest round of intense trade talks in London, but the six-month limit illustrated how each side is retaining the tools to easily escalate tensions again.

In exchange for the Chinese easing rare-earth curbs for now, the people said, U.S. negotiators agreed to relax some recent restrictions on the sale to China of products such as jet engines and related parts, as well as ethane, a component of natural gas important in manufacturing plastics.

Details of the framework to uphold an interim agreement forged in Geneva last month are still being worked out, the people said. The White House declined to comment.

According to people who consult with Chinese officials, Beijing wants to retain its chokehold on the critical minerals to give it valuable ammunition for future negotiations.…”
 
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