Trump caves on his Chinese tariffs, but it's too little too late
The Trump administration announced on Monday that for the next 90 days, Dear Leader is lowering the insane tariff he placed on all Chinese imports from 145% to 30%—enough to appease the stock market but not enough to stave off a spike in inflation and pain for American consumers.
The Trump administration, for its part, painted the agreement between the U.S. and China as a "historic trade win.” However, Americans gained nothing from this stupid endeavor, as the agreement is merely a pause in the destructive tariffs so the two countries can talk—something that could have happened without having to have had a trade war that will have lingering impacts on the supply chain and prices for American consumers.
"We expect freight rates to jump sharply in coming weeks. Plan for that, as importers surge orders to deal with backlogs and carriers try to maximize pricing power. Increases will start on ocean freight rates soon, followed by domestic trucking in July/August," Craig Fuller, a reporter who covers the freight industry, wrote in a post on X. "There could be logistics delays and challenges getting access to containers in China, truck or intermodal chassis capacity in the US, so plan accordingly. This could be very similar to late [2021/2022], as importers rightfully surge orders beyond transportation capacity."
Fuller was referring to the shipping crisis that happened in 2021, when the COVID-19 pandemic impacted Chinese manufacturing and shipping, which caused inflation in the United States thanks to shortages and price increases for freight.
https://www.dailykos.com/stories/2025/5/12/2321861/-Trump-caves-on-his-Chinese-tariffs-but-it-s-too-little-too-late
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