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TARIF-FICTION: U.S. Tariffs on China Stuck in a Never-Ending Loop!
SHOCKING DECLARATION: TRADE SECRETARY SAYS TARIFFS ARE HERE TO STAY!
In a jaw-dropping statement that could send shockwaves through the economy, Commerce Secretary Howard Lutnick confirmed on Wednesday that U.S. tariffs on Chinese imports will NOT budge! Meanwhile, the highly anticipated trade deal between Washington and Beijing remains as elusive as ever.
When grilled by CNBC’s "Money Movers," Lutnick boldly exclaimed, “You can definitely say that,” when asked if the tariffs would shift anytime soon. Buckle up, folks!
TRUMP’S FURY: ‘55% TARIFFS ON CHINA!’
In a sensational all-caps post on Truth Social, President Donald Trump declared that U.S. duties on China will hit a staggering 55%. But hold your horses! A White House insider soon revealed this number isn’t new; it consists of the existing 30% blanket tariffs and an extra 25% on certain products. Talk about bait-and-switch!
Just hours after this sensational proclamation, Trump claimed the trade deal is “done” but still subject to his approval with China’s President Xi Jinping. It’s like a cliffhanger on a reality show—what’s going to happen next?!
CHINA’S IRON GRIP: STAYING AT 10%!
Trump also stated that China’s tariffs on American goods will remain stuck at 10%, where they’ve been since both nations briefly agreed to cool off retaliatory duties. This temporary truce, spun from talks in Geneva, has left many wondering about the real status of these negotiations.
BREAKING: MUST-HAVE MAGNETS COMING FROM CHINA!
In an explosive follow-up, Trump proclaimed that “full magnets and any necessary rare earths” would be supplied by China as a result of the London talks. But don’t pop the champagne just yet! There’s still a mountain of uncertainties looming over the agreement.
Lutnick chimed in, explaining that, thanks to the “Geneva truce,” they have moved past mutual annoyance. However, he revealed that China was “slow-rolling” its export of rare earths, heightening tensions and forcing Washington’s hand to clamp down on visas for Chinese students!
WILD TWISTS AND TURNING TIDES!
“This one-on-one phone call with Xi changed EVERYTHING!” Lutnick exclaimed with gusto. The optimism? Sky-high! U.S. companies are apparently set to receive approvals for magnets from China “right away.” But wait—what about the fine print?
TEMPORARY LICENSES? A SUPPLY CHAIN NIGHTMARE!
Reports reveal that China has only agreed to issue temporary, six-month licenses to U.S. companies wanting to import rare earths and magnets. Can you say “supply chain chaos”? This haunting uncertainty leaves everyone wondering if the promises will hold.
The White House remained suspiciously silent on all of this drama, leaving the nation on the edge of their seats. Are we headed for a trade collision, or will these fiery negotiations yield the long-awaited peace? Stay tuned!
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