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Gasparino: Trump’s Tariff Deal Shows U.S. Weakness

5/13/2025

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Gasparino Critiques Tariff Negotiations

Fox Business reporter Charles Gasparino slammed President Trump's latest tariff negotiations with China, claiming both sides "blinked" under pressure. The U.S. will slash tariffs from a staggering 145% to 30%, while China will drop theirs from 125% to 10%. Gasparino underscored the U.S.'s frail negotiating stance amidst growing market turmoil and recession fears.

Center

U.S.-China Tariff Pause

In a surprising twist, the U.S. and China have agreed to a 90-day halt on tariffs, a move sparked by President Trump's aggressive trade tactics. While the administration touts this as a win, critics remain unconvinced, pointing out that tariffs are still elevated. Economists warn that the path ahead may be fraught with challenges.

History

Historical Context

The U.S.-China tariff negotiations echo historical trade tensions, notably the Smoot-Hawley Tariff Act of 1930, which raised tariffs significantly and is often blamed for worsening the Great Depression. Current tariffs, while reduced, still pose risks of inflation and economic instability, reflecting ongoing concerns about protectionism's impact on global trade and domestic economies, reminiscent of past trade conflicts.

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Gasparino Critiques Tariff Negotiations

Fox Business reporter Charles Gasparino slammed President Trump's latest tariff negotiations with China, claiming both sides "blinked" under pressure. The U.S. will slash tariffs from a staggering 145% to 30%, while China will drop theirs from 125% to 10%. Gasparino underscored the U.S.'s frail negotiating stance amidst growing market turmoil and recession fears.

1 / 3