- cross-posted to:
- worldnews@lemmit.online
- cross-posted to:
- worldnews@lemmit.online
Summary
China has shrugged off the latest U.S. tariff hike, dismissing the Trump administration’s threats as a “meaningless tariff numbers game.”
Donald Trump’s move to impose tariffs “wiped trillions of dollars off Wall Street” and raised duties on foreign goods, claiming to bring back U.S. manufacturing jobs.
A White House fact sheet announced tariffs on some Chinese imports would rise to 245%.
China’s Commerce Ministry said the move “fully exposes the fact that the United States has become irrational” and vowed to see the trade war “through to the very end.”
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Trump has already lost this war. The war he started because he’s stupid as fuck. He’s going to die before he sees the results of the chaos he reigns.
Have you seen him recently? Sometimes he neglects the orange deck stain, and his skin is grey and ghoulish. I swear if he didn’t have some necromancer keeping him alive, he’d have died 20 years ago.
But but but the DR said he’s perfectly healthy due to all the strenuous golf we’re paying him to play
It also said he’s 6’3" and 224 lbs. I’m calling BS on both of those.
Imagine if he walked the courses? He could lose so much weight.
He got the highest marks!
What a weird timeline that we are rooting for China on this.
I am rooting for free trade. It’s stupid and inefficient for every country to try to manufacture the same goods.
What are americans going to do? Stop buying Chinese crap?
Once amazon warehouses are empty the tariffs are gonna be „paused”. In trumps own words „he has no cards”.
There’s two ways this works out.
- Trump’s regime doubles down, never backs out and holds firm.
Basically, you’re fucked. Chinese goods stop flowing, medical devices and equipment stop coming, tools and utilities stop being restocked. You’re on your own. Welcome to Thunderdome.
- Trump’s regime keeps this going until the backlash forces them to give it up.
Then we capitulate to China, end up paying more overall but not an impossibly high figure for our items and life goes on… only a little less swimmingly.
My bet is on #1. Stock up on ammo and food, road warrior.
… and TP. don’t forget to stock up on TP
Those who don’t will have to take brown-town to the shower nozzle.
This is completely unrelated but what’s with the subscript opening quotation marks? Is that a standard in a specific language? I don’t think I’ve ever seen that.
Iphones do it by default. At least for my polish-english mixed keyboard (which sucks fat cocks)
German, for example, uses them
Thank you
No we are just gonna keep buying the cheap crap at the new tariff price because we have no financial literacy in this country and easy access to credit.
Not at %245…
Trump is going to loose this trade war in 6 months or less.
We at about to have Covid level disruptions to our supply chain. Over 80 cargo vessels have canceled sailings. Think about the amount of goods we are not going to get in 3 weeks time. Yeah China will loose money and will be hurt by the trade war but they can find other markets.
The USA is going to have epic supply chain disruptions. We wont have consumer goods or components for manufacturing within 6 weeks. It’s going to be a shit show unless Trump backs down.
https://www.asiafinancial.com/transpacific-cargo-trade-decimated-by-trumps-tariff-war
lose*
It happened in his first term when he pull this tariff crap. All of our projects came to a stand still because we couldn’t get gear. The same thing is about to happen again.
China is not without a butt load of economic problems already. We are their biggest trading partner. I agree we, the US, is fucked, but China is about to be as well. There will be no winners here.
China has a much greater tolerance for pain than the US for a multitude of reasons. China is also in a position to bolster trading relationships with other nations since it has not gone scorched earth like the US.
The US holds disproportionate purchasing power for its size but it’s still has far less than 50% global purchasing power. China and most other countries will find other partners to trade with while the US isolates itself further.
The only reason the US holds 20% of global purchasing power is because of mutually beneficial relationships with other countries. Purchasing power will slowly erode over time if Trump continues on his current path.
The US is really overestimating its leverage here and, being a fairly overmiliatarilized nation, one can only hope it doesn’t turn to violence once things go south.
The soft power and better relationships China creates with other countries looking for a trading partner that is consistent… China playing the LOOOOOOONG game.
No there will not be. But Xi is a full on dictator and Trump still has congress to answer to.
But this is a Covid level supply chain event. Once the economy starts to grind to a halt and inflation kicks in on common household items Trump will come under pressure to back down.
China can live without us. We can’t live without them. Go into a Chinese house and remove all the items made in the USA. Now try that in an American house and tell me what’s left.
If Americans see one empty shelf, there will be weeping and panicking in the streets.
There will also be shooting and looting
They know he’s full of shit and even if he foolishly proceeds he will destroy the Republican Party’s electoral prospects for decades, lol. The only question is whether they do a military coup to retain power.
he will destroy the Republican Party’s electoral prospects for decades
Nonsense. Go spend some time on The Federalist, or the New York Post,or r/Conservative, or their pitiful “satire” site The Babylon Bee. They don’t live in reality. The real world is completely irrelevant to them. They could lose everything because of Trump and still think that their woes are the fault of woke Marxist liberals (an oxymoron, I know, but they don’t).
The diehards are not persuadable but not everyone in this country – or even a majority – is willing to lay down their lives and their livelihoods for Trump.
Trump has the lowest approval rating in history with independents
All five of them?
he will destroy the Republican Party’s electoral prospects for decades
That’s what they said about Nixon. Look at how that’s turned out.
There is functionally no difference between a 145% and a 245% tariff.
The cost of going through a black market rather than a clear or grey one is likely already below 145% and the grey one is likely to fill most gaps in the long run anyways.
Grey market tariff skirting might be Canadian or UK companies slapping their logos and “made in X” marker after making a tiny change to the product. The barrier to entry on this is quite low as is the risk. If your profit is capped at 145% you still have a lot of room to make money.
Generally any tariff over 50% eats into profit margins sufficiently to end trade altogether.
Any escalation in tariffs above that is essentially just a symbolic dick measuring contest. China is being the adult in this situation by not engaging.
Trump is an unserious president
He’s just getting extra silly with it.
Lol so randum!
I hope Trump holds long enough for the release of the next iphone
…please read project 2025, this has all been pre-planned and ready to be executed…
AFAIKk project 2025
callsdoesn’t call for tariffs; that’s a Trump original.Edit: brainfarted.
It does, I’ve linked the exact section before, but I’m not the person you responded to. Just open the p25 document and search tariff.
Removed by mod
there should be NO shock here
I can only picture Xi Jinping swimming through a pile of rare earth minerals like Scrooge McDuck, while a call from Trump rings, unanswered.
within projecct 2025 is the alientation of all foreign trade due to “internal security”…should i quit now?
These cultists are trying to ride the 80 year old wave created by the atom bomb.
China manufactures most of the products from US companies. As we also see now, Chinese companies promote the idea of buying from the manufacturer directly instead of the middle man like “Why buying the Nike shoes for 80$ if you can get them from us for 5$.”
I just realized, since “computers” are exempt, we’re gonna see a lot more products with screens in it for no reason.
Unless things have changed in the last couple days, they announced Sunday that they were removing the exemption on computers and electronic devices that was announced last Friday.
They’re revoking the revocation of the revision of the exemption from last Tuesday with a “truth” posted today. Those who were responsible have sacked those not responsible.
Monty Python makes more sense than reality. I wish a moose would bite Trump.
oh I didn’t know that, thanks for the update!
so glad to see they thought through their amazing plan before affecting people’s already difficult lives 😃
Shart of the meal 💩
