China's factory activity falls sharply as Trump tariffs bite — Reuters It’s not just da libs. China gettin’ owned too.
1 of the biggest generators of American wealth is slowing down. nice work maga commies! God, hopefully we can get Brazilian coffee production down. & Bangladeshi clothing production down too!! CHA CHING!!
I long for a world where me and my neighbors can work 14-hour days in factories making little plastic bullshit for all the world.
China has a 1000 year plan. Their people are expendable. Struggle sessions, eating bugs and dirt, etc. Personally, I think what Trump is doing to China is a win. If his pressure on the rest of the world was to pick sides and force China into a corner, great. I just wonder how coordinated it is versus how disciplined China can be in the long term. We shall see…
I was saying the same thing. The US thinks in four and eight year chunks. That's nothing to China. They have the ability to create 50 year plans and have the ability to shut down entire towns for the betterment of their society. If you really want it to go after China you wouldn't do it by pissing off all of your allies and pushing your allies closer to them
Yesterday on CNBC Ford's old CEO said that even if car part manufacturing came back to US it would be parts that could be built using automation. He said that there would be some jobs created but auto CEOs are looking to increase efficiency through automation and less human labor
Lowes and Home Depot buy Christmas lights from China for $17 and sell them for $39.99. Last year of that $39.99 you paid, $13 went to a Chinese factor, $1.50 to international transportation companies, $1.50 to tariffs, $1 to US transportation companies, and $22 to Lowes/Home Depot a US retailer which paid $16 to their employees+rent,+utilities, and then $6 (15%) was left over for US shareholders. The Chinese factors who got $13 cleared about $2.00 in profit. So at risk is all this economic activity for the $2 that China is making on this $40 transaction. Cool.
Agreed. It is not clear if Trump’s approach to strong arm historical allies and trading partners to pick a team will work. It is his prerogative at this point. We can just sit back and huff the Hopium.
You’re missing the point. This will bring families together as husbands struggle with burn out lights and wives stare in disapproval. Hence, said husband will spend the money. edit: this is just a joke. Your point is 100% valid.
That’s what I’m thinking. Trump has made it an us vs. everyone world… we will lose that if he doesn’t back off the rest of the world.
The CCP has taken away Xi's power to make important gov't appointments. How long will he last before he is forced out or liquidated?
This message is not getting through. Americans are not paying attention to automation and AI. We are a service based economy. The rest of the world could hit America with a digital or personal services tax and significantly hurt American jobs.
No one has a "1000 year plan" ... and American capitalists find workers just as expendable here as anywhere else. Our capitalists are also becoming even more authoritarian in their ideological preferences too. Our economy is also hugely privatized, so there is no reason for any corporation to make 4 year plans, unless the US government is incredibly unstable or unpredictable, which it really hasnt been since before WWII.
I talked to a person who buys the Christmas aisle for a grocery store - small section compared to some place like Home Depot - and the grocery store is just canceling all Christmas decorations. Theyll just have candy and food.
And you think that this result is good? Remember where the products no longer being produced would have ended up. Trump's trade war means empty shelves are looming: How long until consumers feel the pain Empty shelves, trucking layoffs lead to a summer recession in Apollo's shocking trade fight timeline Tariff to recession timeline: April 2: Tariffs announced, containership departures from China to U.S. slowing Early-to-mid May: Containerships to U.S. ports come to a stop Mid-to-late May: Trucking demand comes to a halt, leading to empty shelves and lower sales for companies Late May to early June: Layoffs in trucking and retail industries Summer 2025: recession Empty Retail Shelves Could Disrupt Back-To-School And Holiday Shopping Key Facts The number of U.S.-bound cargo ships from China are down about 40% from earlier this month and they are carrying about one-third fewer containers since President Trump announced 145% tariffs on Chinese imports. John D. McCown, non-resident senior fellow at the Center for Maritime Strategy, reported that cargo carriers canceled 80 sailings from China to the U.S. in April, roughly 60% more than in any month during the Covid pandemic. Even if what Treasury Secretary Scott Bessent called a “trade embargo” is resolved quickly – highly unlikely given current tensions – retailers are still looking at the possibility of critical inventory shortages for the second half of the year. In any normal year, retailers and wholesalers start to receive inventory for the back-to-school through holiday shopping season by mid-May through early June. While shoppers have yet to experience empty shelves because retailers pulled forward merchandise orders earlier this year, each passing week of reduced shipments increases the prospects of “Covid-like” shortages later in the year, Apollo Management economist Torsten Slok warned. Last week, the CEOs of Walmart, Target, and Home Depot met with President Trump at the White House to tell him much the same thing. In the end it's Americans regardless of political persuasion who will be "owned".
