this post was submitted on 13 May 2025
21 points (95.7% liked)

Economics

843 readers
103 users here now

founded 2 years ago
21
China sees the U.S. trade deal as a huge win for Beijing (www.cnbc.com)
submitted 3 weeks ago by MicroWave@lemmy.world to c/economics@lemmy.world
6 comments fedilink hide all child comments
 

KEY POINTS

  • China is casting the trade agreement with the U.S. as a victory.
  • After two days of negotiations with U.S. officials, China got the Trump administration to roll back its 145% tariffs, which had all but halted bilateral trade.
  • Stock markets across the world surged after Beijing and Washington announced the deal.
you are viewing a single comment's thread
view the rest of the comments
[–] Rekorse@sh.itjust.works 2 points 3 weeks ago

Its gotta break first, people almost as a rule won't fix something thats still working, because a barely working system is less scary than the unknown. People still have homes and food and savings accounts.