


That's how it works, right?
Any time a tariff gets rescinded anywhere it's Trump folding?
I'm pretty sure that's why I learned on Bluesky.
China has waived the 125% tariff on ethane imports from the United States imposed earlier this month, two sources with knowledge of the matter said on Tuesday, among a group of products that have been granted exemptions.
The move will ease pressure on Chinese firms that import U.S. ethane for petrochemical production as well as provide an outlet for the natural gas liquid, a byproduct of U.S. shale gas production.
So, let me get this straight...China is rescinding import tariffs on energy products...the main driver of economic activity.
Without getting anything from Trump yet (I'm sure talks are ongoing, and this rescission is probably part of negotiations).
Man, that Trump, the big dummy. He sure is lucky here.