The Deals Are Coming Fast and Furious

Aahh, yes. Those pesky tariffs everyone (at least the Media and Democrats) got their panties in a bunch back in April when they went into effect. But now, the market, after a correction, has made a recovery and is back to normal.

 

And why were they placed into effect? To level the playing field for the US to apply the same economic standards to the world as it had to the United States. And how effective was it?

The UK and the EU have moved rapidly (in geopolitical terms) to negotiate a more favorable trading structure, while Canada and Mexico have reduced tariffs they applied outside the USMCA Treaty.

And after a lot of blather and foaming at the mouth, China and the US have agreed to a framework to resolve their issues.

US Commerce Secretary Howard Lutnick expressed optimism late Tuesday after a full day of negotiations that concerns surrounding rare earth minerals and magnets "will be resolved" eventually, as the deal is implemented.

All eyes were on the outcomes of negotiations as both sides tried to overcome an impasse over export restrictions. US officials earlier accused Beijing of slow-walking approvals for shipments of rare earths.

The world's two biggest economies were also seeking a longer-lasting truce in their escalating tariffs war, with levies currently only temporarily on hold.

Since returning to office, Trump has slapped a 10 percent levy on friend and foe, threatening steeper rates on dozens of economies.

His tariffs have dented trade, with Beijing data showing Chinese exports to the United States plunged in May.

But, in the end, the mutual agreements will be signed, and it is anticipated that more robust trading of goods on a level playing field will be the result.

And that will be good for everyone.