{"id":17771,"date":"2025-05-14T17:15:43","date_gmt":"2025-05-14T17:15:43","guid":{"rendered":"https:\/\/lonecandle.com\/?p=17771"},"modified":"2025-05-14T17:15:43","modified_gmt":"2025-05-14T17:15:43","slug":"trumps-deal-with-china-leaves-american-consumers-and-exporters-facing-higher-tariffs-than-before","status":"publish","type":"post","link":"https:\/\/lonecandle.com\/?p=17771","title":{"rendered":"Trump’s ‘Deal’ With China Leaves American Consumers and Exporters Facing Higher Tariffs Than Before"},"content":{"rendered":"\n

“the deal is a tidy illustration of how President Donald Trump has conducted his global trade war. With China, Trump hiked tariffs to astronomical levels while promising those taxes (which are paid by Americans) would unleash prosperity and create jobs. Then, the White House celebrated<\/a> the agreement that reduced those tariffs as “the art of the deal.” They are literally doing the meme<\/a>.<\/p>\n\n\n\n

But the “deal” means that imports from China will be subjected to significantly higher tariffs than when Trump took office<\/a>. Those tariffs will continue to be a serious economic burden<\/a> for American businesses and consumers, and the threat of even higher tariffs remains\u2014because the “deal” only pauses those tariffs for 90 days, and because Trump’s mercurial nature means no one can really be sure what is coming next.”<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“the remaining 30 percent tariff, which is stacked on top of preexisting tariffs from Trump’s first term, “will still make for an expensive back to school and holiday season for most Americans,” Lamar said in a statement<\/a>. “If freight rates spike due to the tariff-induced shipping disruptions\u2014which will take months to unwind\u2014we could see costs and prices creep up even further.””<\/p>\n\n\n\n

…<\/p>\n\n\n\n

“both America and China are still worse off than they were a few months ago. Trump has used constitutionally dubious<\/a> economic powers to raise and then lower tariffs, creating huge costs and even greater uncertainty.<\/p>\n\n\n\n

Rather than praising the president for backing down from an insane position, as the White House believes Americans should do, the proper response to Trump’s latest tariff maneuvers is the same as it has always been: Congress<\/a> must take away his tariff powers.”<\/p>\n\n\n\n

https:\/\/reason.com\/2025\/05\/14\/trumps-deal-with-china-leaves-american-consumers-and-exporters-facing-higher-tariffs-than-before<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

“the deal is a tidy illustration of how President Donald Trump has conducted his global trade war. With China, Trump hiked tariffs to astronomical levels while promising those taxes (which are paid by Americans) would unleash prosperity and create jobs. Then, the White House celebrated the agreement that reduced those tariffs as “the art of the deal.” They are literally doing the meme.
\nBut the “deal” means that imports from China will be subjected to significantly higher tariffs than when Trump took office. Those tariffs will continue to be a serious economic burden for American businesses and consumers, and the threat of even higher tariffs remains\u2014because the “deal” only pauses those tariffs for 90 days, and because Trump’s mercurial nature means no one can really be sure what is coming next.”<\/p>\n

…<\/p>\n

“the remaining 30 percent tariff, which is stacked on top of preexisting tariffs from Trump’s first term, “will still make for an expensive back to school and holiday season for most Americans,” Lamar said in a statement. “If freight rates spike due to the tariff-induced shipping disruptions\u2014which will take months to unwind\u2014we could see costs and prices creep up even further.””<\/p>\n

…<\/p>\n

“both America and China are still worse off than they were a few months ago. Trump has used constitutionally dubious economic powers to raise and then lower tariffs, creating huge costs and even greater uncertainty.<\/p>\n

Rather than praising the president for backing down from an insane position, as the White House believes Americans should do, the proper response to Trump’s latest tariff maneuvers is the same as it has always been: Congress must take away his tariff powers.”<\/p>\n

https:\/\/reason.com\/2025\/05\/14\/trumps-deal-with-china-leaves-american-consumers-and-exporters-facing-higher-tariffs-than-before\/<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[13],"tags":[89,181,221,272,355,290,314,208,141,226,313,227,170,619],"class_list":["post-17771","post","type-post","status-publish","format-standard","hentry","category-article-share","tag-china","tag-deal","tag-donald-trump","tag-foreign-affairs","tag-foreign-policy","tag-imports","tag-international-relations","tag-tariffs","tag-taxes","tag-trade","tag-trade-deal","tag-trade-war","tag-trump","tag-united-states"],"_links":{"self":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17771","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=17771"}],"version-history":[{"count":1,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17771\/revisions"}],"predecessor-version":[{"id":17772,"href":"https:\/\/lonecandle.com\/index.php?rest_route=\/wp\/v2\/posts\/17771\/revisions\/17772"}],"wp:attachment":[{"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=17771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=17771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lonecandle.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=17771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}