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Posted on 05/13/2025 7:58:30 AM PDT by LibertyFound
On May 12, 2025, the White House issued a joint statement with China on trade, in which the countries have “paused” the trade war for 90 days.
More specifically, the United States has slashed tariffs from 145 percent to an effective rate of 30 percent. China has likewise slashed tariffs from 125 percent to an effective rate of 10 percent. Tariffs remain on certain industries including steel, aluminum, and automobiles. Other licensing deals respecting rare earth minerals and semiconductors remain in place.
This deal is a mistake.
A 90-day pause does nothing but burn precious political capital, waste time, and signal to businesses that the Trump Administration is not serious about reshoring.
If President Trump is serious about reindustrialization, then he needs to commit to high and stable tariffs. If not, he will poison the public against tariffs for another generation, and “Liberation Day” will go down in history as just another tax scam.
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In my view the non-tariff understand is irrelevant, and China will not abide by their commitments anyways—just as they have ignored their WTO commitments for the last 20 years. Can't negotiate with thieves.
Let the master deal maker do his thing.
China is still getting tariffs, period. 50% at this point even with the renegotiated levels. Currently, China will confiscate all US owned assets in China of any company that complies with sanctions leveled against Russia or Iran.
That is the sort of law that keeps China poor, but ideologically pure. China, for all intents and purposes, isn’t a viable foreign market for anyone, including their ‘allies’.
Unless China has the economic infrastructure to just make a go of 4% GDP selling only to Chineses people, the CCP has to start huffing some reality vapes.
> Let the master deal maker do his thing. <
Right. It’s like with the game of poker. You’ve got to mix up your play a bit.
Horse crap “article”.
30% seems pretty high to me.
We need to play China’s Communist government like a large fish that’s been hooked. Reel them in, play out the line and let them run a bit, reel them in, rinse, lather, and repeat. They are not going to play nice, and will always look for whatever increases their wealth, power, and stature - irrespective of morality or ethics. Trump is doing the right thing.
Communist Chinese have morality and ethics. Their morality and ethics are different from and often contradictory to, ours. To them, the moral thing to do is lie, cheat, steal, betray, defraud, and coerce in any way, shape, or form that might possibly benefit you.
Spencer is just trying to sell books.
There is more to this than what the author thinks.
Says the divorce lawyer and self identified "intellectual" from Alberta.
Some articles don't deserve a serious response.
I find the article to be pointless.
A threat is often stronger than its execution.
Well, one thing is the rate of 30% probably maximizes the amount of tariffs that can be collected from China. It’s low enough to allow business to still be conducted. At that rate we would collect roughly 150 billion a year. That’s a lot of pain for China and a lot of revenue for America. Even if no deal gets inked this is the best deal that America has ever had with China on trade.
No one can argue with your assessment, because it is 100% accurate.
Perhaps that is what he wants to expose, but pausing the tariffs as he has with China, does not change anything, because while China is the main target, the real goal is to make China irrelevant as we recreate our manufacturing & industrial capabilities in order to reduce & eventually eliminate our need to rely on China for what this nation needs to become self-sufficient once again.
IN God I trust, but I still provide Trump enough respect to let him work his logical negotiating process that has been very effective.
This is all I know about the author of this piece:
Spencer P. Morrison is a lawyer, sessional instructor of law, and independent intellectual with a focus on applied philosophy, empirical history, and practical economics.
Author of Reshore: How Tariffs Will Bring Our Jobs Home and Revive the American Dream and Editor-in-Chief of the National Economics Editorial.
Spencer's work has been featured on major publications including the BBC, Real Clear Politics, Blaze Media, the Daily Caller, the American Thinker, American Greatness, the Western Journal, and the Foundation for Economic Education.
Which all sounds good, but still doesn't provide, to me at least, that he is right & Trump is wrong.
He may be, but I think that Trump has a good enough track record to stand by him on this point, because I really see no down side on this decision, and every time that I have disagreed with Trump I found that he was right, and I was wrong. Though there were people that I disagreed with him trusting, on sadly, o those, I ws right & he was wrong. But then perhaps he was right, for it exposed who the person really is.
Now if it were a binding situation, I might raise objection, but not at this stage will I do so. 🙂👍
Jeez, don’t they see this is negotiating tool???
Preach it. 47 knows what he’s doing. Tariffs have been a brilliant strategy for completely remaking the global economy on a footing that can be sustained.
“If President Trump is serious about reindustrialization, then he needs to commit to high and stable tariffs. If not, he will poison the public against tariffs for another generation, and “Liberation Day” will go down in history as just another tax scam.”
Truth.
The apparent lack of resolve is disheartening.
Subsatack is crap just ignore.
Exactly.. if we truly want reciprocal reductions in trade barriers, then we need to project a willingness to reciprocate.
That’s what he’s doing.
“..... maximizes the amount of tariffs that can be collected from China.”
Please, please, PLEASE....We’re already past a month since Liberation Day, yet there’s still confusion on who pays tariffs. China pays nothing. It’s the importer who does.
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