Good News for Impending Mavic 4 Pro Release (and Your 401k!)— Chinese Import Tariffs Paused for 90 Days

[GadgetGuy]

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war


The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.

U.S. tariffs on Chinese imports will be cut to 30% from 145%, while China’s levies on U.S. imports will be cut to 10% from 125%, the two countries said in a joint statement.

The announcement sent U.S. stocks leaping in pre-market trading. The Dow Jones Industrial Average was up 2.1%, while the S&P 500 index was up 2.8% and the tech-heavy Nasdaq index was up 3.8%.

U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war — NBC News

The world’s two biggest economies agreed to a 90-day pause on most of their levies after a first round of trade talks in Switzerland over the weekend.

apple.news

 

[microlinux]

It’s a good step but we’re bandaging a self inflicted wound …

Hopefully something gets hammered out, the elephant of uncertainty is still in the room. I don’t think we’re going to see all that much stabilization until this is hammered out, expect a hangover.

 

[1gratedulflyingdawg]

It’s a good step but we’re bandaging a self inflicted wound …

Hopefully something gets hammered out, the elephant of uncertainty is still in the room. I don’t think we’re going to see all that much stabilization until this is hammered out, expect a hangover.

It’s an Elephant Hurd of uncertainty

 

[Meta4]

U.S. tariffs on Chinese imports will be cut to 30% from 145%

... which is still significantly more than the import tax which applied before "Liberation Day" and the same as the event that triggered the market crash that followed.

The announcement sent U.S. stocks leaping in pre-market trading. The Dow Jones Industrial Average was up 2.1%, while the S&P 500 index was up 2.8% and the tech-heavy Nasdaq index was up 3.8%.

.. despite the issue only being delayed for 90 days, with the possibility of more disruptions in future.