ilmscore | China CANCELS Tariffs, Trump Confirms MASSIVE Trade Deal! (Major Changes Explained)

China CANCELS Tariffs, Trump Confirms MASSIVE Trade Deal! (Major Changes Explained)

Published: 2025-05-12
Status: Available | Analyzed

Predictions from this Video

Total: 11
Correct: 5
Incorrect: 3
Pending: 3
Unrated: 0
Prediction
Topic
Status
A new trade agreement between the US and China is set to reduce US tariffs on Chinese goods to 30% and Chinese tariffs to 10%.
"the United States agreed to lower their tariffs on Chinese goods from 145% down to 30% and China will reduce their tariffs from 125% down to just 10%."
US-China Trade Deal
Incorrect
The current US-China trade agreement is a 90-day arrangement, with the possibility of future changes.
"this is really only a 90-day agreement, meaning there's still a chance things could go up from here."
US-China Trade Deal
Incorrect
US Secretary of Treasury anticipates further meetings within weeks to establish a more comprehensive agreement, potentially returning tariffs to 34% levels.
"I would imagine in the next few weeks, we will be meeting again to get rolling on a more wholesome agreement and that we could always return to April 2nd levels at 34%."
US-China Trade Negotiations
Incorrect
Donald Trump has indicated that the European Union is a more challenging trade partner than China, citing a significant imbalance in car exports.
"the European Union is nastier than China, noting that about 750,000 cars were exported from the EU to the US last year against about 170,000 cars exported from the US to Europe."
US-EU Trade Relations
Correct
Donald Trump advised that it is a good time to purchase stocks.
"Trump said that it's a good time to buy stocks."
Stock Market
Correct
Donald Trump tweeted a recommendation to buy stocks.
"Trump tweeted, "Buy stocks.""
Stock Market
Pending
Donald Trump tweeted that it is an excellent time to invest in stocks.
"Trump tweeted, "It's a great time to buy stocks.""
Stock Market
Correct
Donald Trump tweeted to buy stocks before any deals were finalized.
"Trump tweeted, "Buy stocks now again before any deals were announced.""
Stock Market
Pending
The speaker suggests that Donald Trump may have insider knowledge when he advises purchasing stocks.
"Trump knows something the rest of us don't when he says to go out and buy stocks."
Stock Market
Pending
Donald Trump has stated that tariffs on China will increase if a trade deal is not reached.
"Even as Trump reiterates that China tariffs will go up without a deal."
Stock Market
Correct
Reshoring manufacturing for US companies is expected to be a long-term process, not achievable immediately.
"if US companies are expected to manufacture more of their products here locally, that's not something that can happen overnight."
US Manufacturing
Correct