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China Caves to Trump on Tariffs Again"...Remember that we are the deficit country. They sell almost five times more goods to us than we sell to them. So the onus will be on them to take off these tariffs. They're unsustainable for them." -Treasury Secretary Scott Bessent
The communist regime had desperately slapped this tariff on US ethane earlier this month in a failed attempt to counter Trump's brilliant Liberation Day tariff offensive. Obviously, it couldn't sustain the tariff—China depends on American ethane for its survival, gobbling up about half of our total ethane exports annually, according to federal energy data. The reality is that major Chinese manufacturers like Satellite Chemical, SP Chemicals, Sinopec, Sanjiang Fine Chemical, and Wanhua Chemical Group can't function without American ethane from powerhouse US suppliers Enterprise Products Partners and Energy Transfer. Ethane is just the latest addition to a growing list of American products that China has quietly exempted from its retaliatory tariffs in the ongoing trade war with the United States. This is what winning looks like. Just last week, Chinese officials began rolling back tariffs on American semiconductors. They've also quietly removed duties on pharmaceuticals and aircraft engines. So much for the hysterical predictions that Trump's trade policies would wreck the US economy— it turns out that all that doom and gloom should have been reserved for China, which has realized the hard way that it needs the United States more than the United States needs China. News of China lifting tariffs on US ethane comes on the heels of a warning from Treasury Secretary Scott Bessent, who made it clear that Trump's trade strategy is hitting Beijing where it hurts. "I think that over time we will see that the Chinese tariffs are unsustainable for China," Bessent told reporters from the White House on Tuesday... Subscribe for free to Breaking Christian News here Continue reading Here. 
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