4.8 • 7.8K Ratings
🗓️ 13 May 2025
⏱️ 13 minutes
🧾️ Download transcript
In this insightful clip, Troy Millings, Ian Dunlap, and Rashad Bilal unpack the latest developments on U.S. tariffs against China, including the newly announced 90-day pause and drastic rate changes. The hosts break down how tariffs were originally raised up to 145%, only to be quickly slashed to 10% for most products—with further specifics on items related to fentanyl. They dive deep into what this rapid shift signals for global markets, American businesses, and the broader economy.
Listen in as they discuss:
Whether you're an investor, entrepreneur, or just want to understand the latest market news, this clip gives you practical insights without the jargon.
*#ChinaTariffs #USChinaTrade #MarketInsights #EconomyTalk #StockMarketNews #BusinessImpact #TradeWar #PodcastClip #EYL #GlobalEconomy*
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0:59.4 | So let's get into this tariffs conversation. So last night, early this morning, |
1:05.7 | they announced that 90-day pause on China tariffs. That was a big one. I mean, |
1:10.7 | they had tariffs across the whole world, but they dropped at least had 90 day pause for most countries. But China was the one that they really, everybody was waiting on to see what was going to happen. Obviously, it's the biggest economy in the world. And it was raised, the tariffs were raised to 145% and it was lowered to 10%. |
1:32.3 | So for 90 days, with an additional 20% for any products related to fentanyl. |
1:41.3 | So most products are 20 or 10%. |
1:46.4 | If it's a fentanyl-related product, which is like a lab, |
1:50.2 | anything that has something to do with chemicals, |
1:52.4 | labs, things of that nature, then it's an additional 20%, |
1:55.2 | which will bring the tariffs to 30%. |
1:57.3 | But for most products, it would be a 10% rate across the board for at least a 90 day period. |
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