this post was submitted on 09 May 2025
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President Donald Trump on Friday floated cutting tariffs on China from 145% to 80% ahead of a weekend meeting among top U.S. and Chinese trade officials as he looks to deescalate the trade war.

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[–] whyNotSquirrel@sh.itjust.works 13 points 3 days ago (1 children)

The only outcome from this is empty shelves and stagflation.

Wrong, there's also prices dropping for us(no caps) Europeans

[–] filister@lemmy.world 16 points 2 days ago

That's not exactly true, as a lot of companies are increasing prices in other regions to offset their profit dips and/or retain some market share in the US. This trade war sucks for absolutely everyone and it is sickening that a single looney idiot can achieve so much damage.