Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Trump tariffs live updates: China eases tariffs on select US goods as Trump says Beijing will 'eat’ the costs
Yahoo Finance ^ | April 30, 2025

Posted on 04/30/2025 6:52:21 AM PDT by lasereye

On Wednesday, it was reported that China had quietly compiled a list of US-made goods exempt from its 125% tariffs, aiming to ease trade tensions without public concessions. Companies, particularly those reliant on US technologies — such as pharmaceuticals and chipmakers — are being discreetly informed about these exemptions, Reuters reported.

The list appears to be expanding: For instance, China recently waived tariffs on US ethane imports. This approach allows Beijing to maintain a firm public stance while offering behind-the-scenes relief. Reports emerged last week that China quietly rolled back tariffs on some US semiconductor products, easing pressure on its tech sector, along with certain US pharmaceuticals.

Meanwhile, President Trump defended the 145% tariffs on Chinese imports, saying China "deserves it" and would likely "eat" the costs to shield US consumers. He dismissed inflation concerns, even as companies like Temu and Shein visibly pass costs on to shoppers.

His comments contrast with quieter moves inside the administration to consider phased tariff reductions and revive trade talks with Beijing — though no formal negotiations have begun.

But with 145% tariffs on China now in place for several weeks, cargo shipments have dropped dramatically, with estimates suggesting a 60% decline, per Bloomberg. Experts are warning of coming supply shortages and layoffs in sectors like trucking, logistics, and retail.

Meanwhile, some tariff relief is on the way for automakers after Trump signed an order offering exemptions to certain car and parts tariffs.

The order clarifies that companies already paying tariffs on imported vehicles won't be charged other levies, such as on steel. The US also eased duties on foreign parts. The climbdown comes after intense lobbying from the auto industry, which warned of a huge hit to sales and price hikes for consumers.

(Excerpt) Read more at finance.yahoo.com ...


TOPICS: Business/Economy; China; Front Page News; Government; News/Current Events; Politics/Elections
KEYWORDS: china; laseredbrain; lasereye; loserbrain; nevertrumpingtroll; nikkihaleytroll; tariffs; trumptariffs; voted4nikkihaley; zot

Click here: to donate by Credit Card

Or here: to donate by PayPal

Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794

Thank you very much and God bless you.

A bit of good news on the China trade front. But chaos is still coming to various sectors of the economy.

I don't think Trump's team had a well defined game plan. What are they going to do when parts shortages hit? I don't think they know. They're ad libbing the whole thing.

1 posted on 04/30/2025 6:52:21 AM PDT by lasereye
[ Post Reply | Private Reply | View Replies]

To: lasereye

There are over 70 countries standing in line to sign free trade deals. China wants in before the door closes on them, financially. I’d say the Trump team has a well defined and effective game plan.

Your mother didn’t grab you by the ear for the purpose of ripping off your ear. She did it to guide you in a certain direction. It was much more effective than begging you to go in a certain direction.

EC


2 posted on 04/30/2025 7:11:15 AM PDT by Ex-Con777
[ Post Reply | Private Reply | To 1 | View Replies]

To: lasereye

You make some valid points.

I have seen nothing about how the medicines and medical equipment which we are reliant on China for is going to be handled.


3 posted on 04/30/2025 7:18:40 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Ex-Con777
I’d say the Trump team has a well defined and effective game plan.

What's their plan when parts shortages kick in?

4 posted on 04/30/2025 7:26:40 AM PDT by lasereye
[ Post Reply | Private Reply | To 2 | View Replies]

To: Ex-Con777

Indeed. I see tariffs primarily as a negotiating tool. Effectively, after imposing the blanket tariffs, it was “now that I have your attention, lets deal.” And the other countries said “OMG, he’s serious.”


5 posted on 04/30/2025 7:30:09 AM PDT by NonValueAdded (First, I was a clinger, then deplorable, now I'm garbage. Feel the love? )
[ Post Reply | Private Reply | To 2 | View Replies]

To: lasereye

Give them nothing until there is comprehensive and verifiable IP reform. They’re thieves and should be treated as such.


6 posted on 04/30/2025 7:52:18 AM PDT by glorgau
[ Post Reply | Private Reply | To 1 | View Replies]

To: laplata

This is the problem with highly integrated supply chains. I think it’s clear that we need to decouple from China. But there will be disruption and short term chaos, even if this was handled flawlessly.

This is not being handled flawlessly, to say the least.


7 posted on 04/30/2025 7:54:26 AM PDT by LibertyFound
[ Post Reply | Private Reply | To 3 | View Replies]

To: LibertyFound

Again, I agree.

China is not a benevolent player in this game and it’s scary what they could do in regard to medicine.


8 posted on 04/30/2025 8:00:38 AM PDT by laplata (They want each crisis to take the greatest toll possible.)
[ Post Reply | Private Reply | To 7 | View Replies]

To: lasereye

So Trump has been advocating for this activity for 45 years minimum and you believe he is just “winging it” now that h e has opportunity to make changes? I hope you are a troll, cause the other option reflects poorly on your intellect.


9 posted on 04/30/2025 8:43:17 AM PDT by Emcane
[ Post Reply | Private Reply | To 1 | View Replies]

To: LibertyFound

please define “handled flawlessly”. I have a feeling that option has no basis in the reality of the situation.


10 posted on 04/30/2025 8:43:17 AM PDT by Emcane
[ Post Reply | Private Reply | To 7 | View Replies]

To: Emcane

There’s no clean way to do this.


11 posted on 04/30/2025 8:43:44 AM PDT by dfwgator (Endut! Hoch Hech!)
[ Post Reply | Private Reply | To 10 | View Replies]

To: Emcane

I have no idea what you’re talking about.


12 posted on 04/30/2025 8:57:47 AM PDT by lasereye
[ Post Reply | Private Reply | To 9 | View Replies]

To: NonValueAdded
So what's their plan when parts shortages kick in? I could see factories shutting down. And the other countries said “OMG, he’s serious.”

So far there is no actual deal with anybody. Maybe there will be a few soon, but probably not many.

13 posted on 04/30/2025 9:02:12 AM PDT by lasereye
[ Post Reply | Private Reply | To 5 | View Replies]

To: lasereye

Part shortages will hit because a lack of domestic producers.

What’s going to happen, with an aging global population and lack of demand for global employment in manufacturing & agriculture?

Oh yeah, the robots, Santa’s elves, and Oompa Loompas are going to make and grow everything for me.(sarcasm)


14 posted on 04/30/2025 9:10:08 AM PDT by unclebankster (Globalism is the last refuge of a scoundrel. )
[ Post Reply | Private Reply | To 1 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson