The real reason the exemptions were retracted

Investment Analysis Clubs Macro Economic Trends and Risks
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China’s Commerce Ministry called the U.S. tariff exemptions a “small step” and urged U.S. President Donald Trump to “completely abolish” the reciprocal tariffs, which include a 145% duty on imports from China.

“We urge the U.S. to heed the rational voices of the international community and domestic parties, take a big stride in correcting its mistakes, completely abolish the wrongful action of ‘reciprocal tariffs,’ and return to the correct path of resolving differences through equal dialogue based on mutual respect,” the ministry said in an online statement, according to a CNBC translation

Basically Xi told Trump he was an idiot and go pound sand.

Cheers
Qazulight

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Maybe if they wrote their entreaties on the back of a 9-10 figure check?

Steve

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Can’t help wondering if Xi has T’s number and is playing him like a fiddle.

Pete

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The Chinese are going to retool and take some of our time as the demand side economic power.

We are going to waste four years.

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