US-China tariff TRUCE. US-UK tariff DEAL
The Duran Podcast
The Duran
4.5 • 738 Ratings
🗓️ 14 May 2025
⏱️ 23 minutes
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US-China tariff TRUCE. US-UK tariff DEAL
Transcript
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| 0:00.0 | All right, Alexander, we have a tariff truce between the United States and China. |
| 0:08.5 | And it looks like they have agreed for a 90-day truce in Switzerland, China, and the United States, |
| 0:16.3 | and they lowered the tariffs by an equal amount, both sides. |
| 0:22.1 | I believe, I want to say, 115% was the agreement. |
| 0:26.8 | They would both lower the tariffs, 115% between both sides. |
| 0:31.6 | I will look for that number. |
| 0:33.5 | In the meantime, what are your thoughts on this truce? |
| 0:36.1 | And we'll talk a bit more about relations |
| 0:39.3 | between the United States and China. And also to wrap up the video, I would like your |
| 0:45.3 | thoughts on the trade deal between the U.S. and the UK as well. I think that'll be a good way to |
| 0:51.3 | end this video, since we're talking about tariffs and tariff deals. |
| 0:55.6 | So your thoughts on the tariff truce. |
| 0:57.8 | Now we'll get that number for you. |
| 0:59.2 | Well, indeed. |
| 1:01.5 | A very interesting meeting took place in Switzerland at an undisclosed location. |
| 1:08.2 | They wanted to keep the media well away, despite some attempts in the |
| 1:15.7 | US media to argue otherwise. It's absolutely clear that it was the US that sought the deal. |
| 1:24.6 | There's any doubt about that. I think the information of this is very clear. |
| 1:29.4 | Both Reuters and the Chinese government have confirmed this. The tariffs, as we've discussed in |
| 1:38.3 | programs, were completely unsustainable. |
| 1:51.3 | The utterly essential economic trade relationship between China and the United States |
| 1:53.9 | had come completely to a stop. |
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