The Duran Podcast US-China tariff TRUCE. US-UK tariff DEAL
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May 14, 2025 A new tariff truce between the US and China has stirred hopes for better economic relations. The discussion delves into previous tariffs and their impact on trade dynamics. Geopolitical shifts are explored, particularly the growing ties between China and Russia. Meanwhile, negotiations for a trade deal between the US and UK reveal challenges and a power imbalance, leaving the UK at a disadvantage. The complexities of these economic interactions highlight the pressures faced by nations in a changing global landscape.
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US-China Tariff Truce Insight
- The US initiated the tariff truce with China to prevent an unsustainable economic war affecting both countries.
- This truce signals a move toward protectionism and an economic divorce rather than total collapse or war.
Tariff Reduction Details
- The agreed tariffs will be reduced from extreme highs to 30% for US on Chinese goods and 10% for China on US goods.
- This creates breathing space for negotiation and signals an end to the economic blockade.
China-Russia Strategic Partnership
- China needs Russia as much as Russia needs China due to China's import dependency.
- Their strategic partnership stabilizes China's northern borders, crucial for China's economic security.