Trump’s China Tariffs: When 30% Feels Like a Win
Treasury Secretary Scott Bessent confidently declares the Trump administration is 'very happy' with the China tariff deal that lowered rates from an eye-popping 145% to a mere 30%. While Fox News’ Laura Ingraham probes about progress, Bessent sticks to the mantra, 'If it's not broke, don't fix it,' coz nothing screams economic strategy like keeping revenue streams from tariffs flowing. China has even resumed shipping rare earth magnets after some tariff fine-tuning, soothing investors stuck in the 'cycle of uncertainty,' making us all wonder if trade wars are just a grown-up version of playground tattling.
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Trump’s tariff war with China is like arguing over who gets the last slice of pizza while both agree 30% is a snack, not the meal. Rare earth magnets are flying, uncertainty’s cycling, and everyone’s too polite to say this trade truce is just one long awkward dinner.
China lowers tariffs from 145% to 30%, and suddenly it’s like the global economy got a coupon. If only life’s problems got ‘very happy’ with 30% fixes.
Watching US-China tariff talks is like waiting for a rerun of a bad reality show — same drama, slightly less yelling, and a new episode promised before November.
Source: Axios | Published: 8/20/2025 | Author: Rebecca Falconer
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