moron surrenders to china in trade war

[Ol Janx Spirit]

12. I believe the U.S. dropped tariffs to 30%, and China dropped tariffs to 10%--both for 90 days only.

30% is still a really high tariff and will have an enormous impact on prices here. Not as much as 145% of course which sparked fears of empty shelves, but a 30% tariff still makes any import from China still cost almost a third more. That will be noticeable on the shelves, and there will still be products that do not come to our shores because of the burden on manufacturers.

The thing this signals loud and clear however is: don't bother planning to build a factory and make your products more expensively in the U.S. to avoid future tariffs. By the time you do get it up and running you will be vastly undercut by foreign competitors that now face no or very low tariffs because either this Administration or the next dropped them.

This current move makes it much harder to actually figure out the goal and the strategy here. But maybe that is giving them too much credit.