Trump has 'changed his tune'! Originally a 145% tariff on China, he now says it's too high and needs to be cut! It's not 'zero', but it has to come down! As soon as this was said, the global market exploded 💣
📉 How harsh are the tariffs?
Some Chinese products have tariffs as high as 245%, and the tax on a mobile phone coming to the U.S. is more expensive than the phone itself! Trump himself said: 'Previously, there were zero tariffs, and now it's too high; it has to come down!'
🔥 Why the sudden change of heart?
Americans are struggling; everything is expensive, wedding dresses, toys, and child safety seats all rely on Chinese products;
The stock market has crashed to an unwatchable state, after just criticizing the Federal Reserve, the U.S. stock market gave him a 'Black Monday';
Allies are not supportive either, Japan and India returned empty-handed after talks, and Vietnam is preparing to secretly talk with China.
🇨🇳 China's attitude? Very tough!
'We can talk, but don't negotiate while extorting.' The meaning is: if you want to play dirty, we will play along to the end!
⚠️ What's next?
Although he has stated he wants to lower tariffs, negotiations haven't even started; this move by Trump is more like an 'election smoke bomb'.
In summary: This Sino-U.S. game is like a boxing match, both sides are bruised, and now they are taking a breath; the real showdown is still to come! 🥊