"Trump’s Huge Tariff Hoax. A big lie is at the heart of Trump’s tariffs."
(Robert Reich,
May 13, 2025)
On Sunday night, the U.S. announced that it is cutting tariffs on Chinese imports from 145 percent to 30 percent, for 90 days, and that China is dropping tariffs on U.S. goods from 125 percent to 10 percent, also for 90 days.
"Trump’s Huge Tariff Hoax. A big lie is at the heart of Trump’s tariffs."
(Robert Reich,
May 13, 2025)
On Sunday night, the U.S. announced that it is cutting tariffs on Chinese imports from 145 percent to 30 percent, for 90 days, and that China is dropping tariffs on U.S. goods from 125 percent to 10 percent, also for 90 days.
The stock market soared on the news. (Anyone with inside knowledge of the deal made a killing.)
But what’s the ultimate goal here? What will happen over the next 90 days? (Continued)
"Trump’s Huge Tariff Hoax. A big lie is at the heart of Trump’s tariffs."
(Robert Reich,
May 13, 2025)
On Sunday night, the U.S. announced that it is cutting tariffs on Chinese imports from 145 percent to 30 percent, for 90 days, and that China is dropping tariffs on U.S. goods from 125 percent to 10 percent, also for 90 days.
The stock market soared on the news. (Anyone with inside knowledge of the deal made a killing.)
But what’s the ultimate goal here? What will happen over the next 90 days? (Continued)
https://robertreich.substack.com/p/trumps-tariff-hoax?utm_source=post-email-title&publication_id=365422&post_id=163184765&utm_campaign=email-post-title&isFreemail=false&r=17g504&triedRedirect=true&utm_medium=email