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.”
Lmao. Could be 2400% and it still wouldn’t matter. China already has the pipelines to circumvent all retaliatory measures including Chumps tariffs.
Remember how China exposed all the luxury brands? It’s that. Send the products to Vietnam or Brazil or somewhere. Get a domestic label sewn on and bingo.
Xi is playing chess. Chump is playing with his own feces.
Once again I miss competence. Just - plain old competence. Knowing a goddamned thing.
Unfuckingbelievable we’re here again. The fucker almost wiped out the planet last time with a virus. Gotta give him another at-bat eh? Fucking idiots.
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do you know where someone could acquire those higher end products through other channels? some Chinese or other website selling quality products for cheaper than the brands but still for a profit for them?
The AI slop machine got Trump’s name right, but whiffed entirely on the author of the book.
Wait you mean Tow Glhvartz didn’t write it? Next you’re going to tell me it isn’t “Domale’s inside look at his lime of fomim sun thant the om curayer”
Still i’m kind of impressed that I glanced at this name and it felt right to me.
Lmao
Trump kinda has a Lloyd Bridges look going on, on that front cover.
“By then my lungs were aching for air!”
wow grandma you look really different than I remember you!
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.
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*
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.
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.
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.
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
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.
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”.
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)
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…
Trade Wars Are Good And Easy To Win
~ Sun Tzu, War of the Art of the Deal
They’re not good, but they are easy to win…if you have all the manufacturing facilities and are okay with plunging your country into depression for the sake of absolutely no benefit whatsoever.
Wait, what’s the definition of “win” again?
So now we see whether Trump gives in or makes up bigger and bigger numbers. “900%! 1,776%! A BILLION PERCENT!”
If you raise the tariffs to a billion percent then the US will get a billion dollars revenue for every $100 TV that comes from China! There will be so many millions of billions!!! Why wasn’t anyone smart enough to do this before???
Kinda like the trillions we’ll make from golden visas 🙄
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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.
I hope Trump holds long enough for the release of the next iphone
Because ♾️% > 245%
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.
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 💩
