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RE: LeoThread 2025-05-13 09:17

in LeoFinance5 months ago

Part 2/6:

Bessett reported recent movements towards lowering tariff levels by 15%, contrasting previous rates that he referred to as deleterious, likening them to an "unintended embargo." This approach marks a two-step process not just for China but for various countries involved in negotiations with the U.S. He pointed out that, following the imposition of tariffs in April, the U.S. briefly lifted tariffs during discussions with some countries, but China chose to retaliate immediately, prompting a subsequent escalation from the U.S.

Skepticism in Business Circles