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SCANDAL in world trade: Trump interrupts tariffs – but for how long?
The US is suspending tariffs on Chinese imports for 90 days to defuse trade disputes and enable future negotiations.
SCANDAL in world trade: Trump interrupts tariffs – but for how long?
The trading world is upside down! In a stunning gambit of superpowers, the US has decided to suspend already increased tariffs on Chinese imports for a sensational 90 days! President Donald Trump sealed this with a dramatic decree just hours before the previous regulation expired. On Tuesday, theAugust 12th, the tariff break would have ended, but the global economy is breathing a sigh of relief as tariff rates temporarily fall to 30 percent for the USA and 10 percent for China. Swabian reports that the previous escalations, with incredible tariffs of up to 145 percent on the US side and a reactive 125 percent from Beijing, resulted in a de facto trade stoppage that tipped the economic balance!
The world is asking itself: Why this sudden change that shook the camps of global corporations? Trump justifies the tariffs with a sense of injustice, while China sees the measures as unlawful and politically motivated. The trade negotiations, which have hovered like a shadow over the two countries in recent months, have serious consequences that extend to Europe!
The shock in the global economy
The implications of this revolution are huge! While some are happy about the tariff break, others are suffering from the shadow of the trade wars. Negotiations between Washington and Beijing have not only raised tariffs but also threatened fragile supply chains. As part of one of the most dramatic agreements in recent years, the USA and China have agreed to reduce export restrictions for the extremely valuable rare earths! Capital reveals that these lands, essential to the production of modern technology, are almost entirely under China's control, which dominates around 90 percent of the global market!
- Die dramatischsten Maßnahmen:
- Vor 90 Tagen: Zölle auf 145% erhöht!
- Heute: Zollpause – gesenkt auf 30% USA und 10% China!
- China behält 125% Gegenzölle als Druckmittel!
The talks took place in London, where senior representatives from both nations, including US Treasury Secretary Scott Bessent and China's Vice Prime Minister He Lifeng, negotiated access to rare earths. The world is looking forward to this explosive deal, which is still awaiting formal approval. What will this mean for the technology industry?
The future of retail hangs in the balance
The grim reality is that the global economy is suffering under the pressure of these trade disputes. If these tariffs weren't unimaginable enough, Trump has taken tough measures against the export of American technology to China, a fire that is fueling the entire industry from Europe to America! daily news highlights the growing concerns about manufacturing shutdowns, particularly in the automotive and mechanical engineering industries, which rely on supplies of these vital raw materials!
The decision to temporarily suspend tariffs may temporarily ease fears of further escalation, but the question remains: Is this just a brief twitch of economic muscles in a still tense showdown? The legality of these tariffs is currently being reviewed by US courts, a potential time bomb that could continue to keep markets in turmoil!
Geopolitical tensions are palpable, and the next few weeks could determine whether we return to a more peaceful trading climate or descend into even deeper conflict. Stay tuned, the global economy is on the brink!