..if China had agreed to this deal as Trump intimated, then China has resolved that it could thrive without the US market. And US would need to be prepared to pay more for many of the cheap products they are getting from China.
..US market wasn't impressed, while Gold is back on the march.
..you really don't know what to expect from anything, let alone this market.
The US-China trade "deal" includes a "total of 55% tariffs" for the US. The current US tariff rate on China is 30%, as of the May 12th deal. Did the US just raise tariffs on China in a trade deal?
Today's News:
It's a DONE Deal, China tariffs will "remain" at a staggering 55%, which is higher than the 30% that was negotiated in Geneva: https://cnbc.com/2025/06/11/us-china-trade-tariffs-lutnick.html… Stocks imploded on the "news". ZeroEdge predicts no inflation because small retailers with 1% profit margins can eat a 55% tax on their imports.
"Alan Baer, CEO of logistics firm OL USA, said the existing 55% tariff on Chinese goods will put hundreds, if not thousands, of companies and ultimately jobs at risk. “Very few firms have the pricing power to absorb the tariffs or raise prices to offset the impact,” Baer said. “Ultimately, the consumer pays,” he added."
