Trump's 'art of the deal' becomes laughing stock online after China tariffs climb down

[riversedge]

Trump is a laughing stock but still has a budging wallet and is laughing all the way to his bank.


Trump's ‘art of the deal’ becomes laughing stock online after China tariffs climb down

https://www.msn.com/en-us/money/markets/trump-s-art-of-the-deal-becomes-laughing-stock-online-after-china-tariffs-climb-down/ar-AA1Dw36M?ocid=winp1taskbar&cvid=ec546c49c6074d09cbbf0f327d4b716d&ei=10


Story by Harry Fletcher • 7h

Donald Trump is 'folding' to China over tariffs - or at least, that's what social media users would have you believe.

The president has appeared to signal a U-turn on tariffs on Chinese goods after weeks of trade war speculation – and people have been quick to mock his ‘art of the deal’ on social media.

Over recent weeks, the back and forth has seen Trump raise tariffs on Chinese goods to 145 per cent, before China hit back with 125 per cent duties on US goods.

The White House has been insisting that the move has been a success, but the financial markets have experienced record drops and sparked worldwide recession fears.

Now, Trump has conceded that the 145 per cent tax Americans currently pay for most imported goods from China after trade talks took place.

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Bobby McBitcoin ⚡️🏴󠁧󠁢󠁳󠁣󠁴󠁿🇺🇸
@BobbyBitcoin30

The "art of the deal"! 😂 Trump has won NOTHING in his really dumb trade war, except tanking the economy! When will people see he really doesn't have a clue what he is doing? 🤡

Link to tweet

Yeah, that pivot is loud - and telling; China holds the cards, with America's global image battered. It reeks of damage control. He needs Chinese cooperation on inflation, supply chains, or debt. China plays the long game. Trump plays TV moments. That mismatch is catching up.😵‍💫

Link to tweet