U.S. could potentially lower tariffs on Chinese imports, reveals Wall Street Journal.
Revised Article
Hear this, folks! The deal's not sealed yet, talks are still up in the air. According to the rag WSJ, some high-ranking cat from the White House spilled the beans about potential cuts in tariffs on Chinese goods. Allegedly, these tariffs could dip as low as 50-65%, depending on the goods' strategic importance for US interests. But hey, nothing's written in stone just yet, remember?
Now, let's not forget that Old Man Trump's been flip-flopping about this for a hot minute. He told journalists back on April 22 that the trade deal with China would result in "substantially" lower tariffs on Chinese goods, but with rates still higher than zero. Currently, those rates stand at a whopping 145% for Chinese imports, with China retaliating with tariffs of their own at 125%.
Given Trump's statements and this little rumblings, the S&P 500 index went up by 2.5% in no time, and the Nasdaq 100 saw a 3.31% surge by 17:20 Moscow time. On the flip side, gold took a plunge, dipping below $3300 per ounce after a hefty spike to $3500 the day before.
Now, keep an eye on our Telegram channel @expert_mag for more deets on this wild goose chase.
- In the current business landscape, the possibility of reduced tariffs on Chinese goods, as reported by The Wall Street Journal, could potentially phase out 50-65% of existing tariffs, given their strategic importance for US interests.
- The tariff reduction talks between the USA and China, if confirmed, could have a significant impact on various industries and finance, potentially influencing the negotiations' broader political context.
- According to the status quo, the ongoing tariff discussions between the USA and China serve as a backdrop for both countries' industries and finance, with general-news outlets such as WSJ providing updates on the matter.
- In light of the ongoing tariff reduction talks and the potential for changes in Chinese goods tariffs, the S&P 500 index experienced a 2.5% surge, while the Nasdaq 100 saw a 3.31% increase by 17:20 Moscow time.
- Conversely, the tariff discussions have caused a slight shift in the finance industry, with gold dipping below $3300 per ounce following a rise to $3500 the day prior, highlighting sensitivity to market changes associated with the tariff negotiations.
