Consider when the liberal media predicted that Trump’s trade war with China would scuttle the country’s business? Well, guess who is now slowly waving the pale flag? China is desperately trying to conserve experience as it lowers its vital taxes while the major media is busy pursuing its most recent Trump conspiracy theories.
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Taiwanese officials are slowly rolling up tariffs on American semiconductors in a shift that has Beijing’s ideologues working overtime. They are also considering lowering taxes on health products and other important U.S. exports. Funny how the usual suspects ‘ nastiness turned out to be nothing more than snobbery about Trump’s business policies stifling American success.
As the world’s two largest economy battle a trade war with potentially disastrous consequences, China has slowly exempted some electronics from taxes and is considering more restrictions for some US industries, according to reports.
Caijing, a Taiwanese financial newspaper, reported on Friday that the taxes on at least eight groupings of US computers have been lowered to zero, a significant reduction from China’s 125 % hostile tax on all other US products.
Two manufacturers confirmed that some semiconductors have been spared from the significant responsibilities, according to The Washington Post, despite the article being eventually removed.
According to sources with knowledge of the situation, Chinese officials are considering more exemptions for some business chemicals, including ethane, for example.
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China squirmed because it had to. The former leader understood what the Ivy League economics didn’t, and that China needs us much more than we need it, while Democrats were occupied wringing their hands over Trump’s “dangerous” business plans.  ,
Because the United States is the largest market in the world,” Shark Tank” sky and well-known investor KevinO’Leary made a new statement on Fox Business that the country has a lot of leverage over China.
China has reportedly sounded reluctant to ease heightened trade tensions, claiming that negotiations haven’t yet begun yet after Trump claimed that lower interest rates are on the way. The country demanded that all “unilateral” levies be lifted by the US.
Trump claimed there had been a meeting that day and that the White House had been meeting with Taiwanese authorities later that day.
After hearing about the possible deductions, stock in Asia rose and the yuan wiped out losses.
According to Kok Hoong Wong, mind of administrative stocks income investing at Maybank Securities Pte, “it’s another step toward a de-escalation of the business war.”
Although the majority of people think US-China tensions won’t resolve fast, he continued, “it would seem the worst may be over.”
Both Beijing and the US don’t want to be the first to stutter during the deal dispute. However, China’s deductions suggest that the country is concerned about factory closures and layoffs stifling their slow-moving market.
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Trump’s harsh strategy worked. Trump’s taxes remained like a sword of Damocles over China’s business even though Biden spent four years cosying up to Beijing. The only speech China’s socialist leadership understands is power, according to conservatives, who have been saying all along.
This isn’t just about taxes, the press won’t tell you. In this conflict, America must reaffirm its economic hegemony and convince China that the time of exploiting American workers are over. Period.
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