Trump finalizes tariffs on Canada, Mexico, China, triggering likely trade war

No but I’ll have evidence how the China deal is winning

 

So you require no evidence to declare something a win? Interesting. Almost religious in belief.

 

I didn't have time to read the story when I posted the link. It's fair to say there is no deal yet but they've agreed to a mechanism for having more discussions

 

Like a market bounce on a rumor? Is that winning? So if the market closes lower than inauguration day, is that losing?

 

Cultists going to cult.

 

China's economy was in distress when Biden was president. China bungled Covid badly. They kept their citizens in the dark, tried to hide large numbers of deaths while shutting down manufacturing almost completely, and walled off their towns and locked down their cities while they developed a largely ineffective vaccine. As badly as Trump bungled Covid, China bungled it worse. Then they started threatening to invade Taiwan, which managed to turn off their wealthiest customers: Europe and the U.S. Nearly half of their workforce under the age of 25 was unemployed for long periods of time, with Chairman Xi suggesting to college graduates that they go to work on rural farms. Large numbers of second children in a one-child society received no education whatsoever (it was illegal for them to go to school). Add in the fact they were way, wayyyy over-invested in real estate, and China was in serious economic trouble long before Trump took office. I understand why Trump would want to try to take credit for the situation in China--do you?

 

Providing products that Americans want at reasonable prices is "screwing us"? How so?

 

You mean a back seat in getting screwed by Trump? I can agree with that. Average American consumers are getting screwed much more than stock market investors are. It's good that we, a conservative and a right winger, can agree on something.

 

No

 

This is from July 2024 and the source is the American Enterprise Institute, a conservative think tank.
China’s Economy Is in Deep Trouble
This week’s disappointing Chinese GDP (gross domestic product) numbers showed that Chinese economic growth has slowed to 4.75 percent from the very rapid annual economic growth rate of seven to eight percent during the 2010s. This should be a wakeup call for Chinese economic policymakers. It should be viewed as confirmation that the Chinese economy is in deep trouble and that its economic growth model is now well past its sell-by date.
Unless the Chinese government introduces major structural economic reforms that encourage domestic consumer spending, China could experience a Japanese-style lost economic decade. That could have major consequences for the world economic outlook given that China is the world’s second-largest economy and until recently was the world’s main engine of economic growth and its main consumer of international commodities.

The root cause of China’s present economic problems is the highly unbalanced economic model that it has pursued over the past 30 years. Not only did China excessively rely on investment in general and on housing investment in particular to drive economic growth. It also became overly dependent on exports and on a steady supply of cheap labor from its agricultural sector.

 

This will be a zoo. Because it is temporary we will all be shipping months of supply in that window. Ports about to go from empty to jammed. Kill me.

U.S. and China agree to slash tariffs for 90 days in major trade breakthrough

• The deal means “reciprocal” tariffs between both countries will be cut from 125% to 10%. The U.S.′ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning total tariffs on China stand at 30%.

 

The insider trade was in. Trump said “80% seams right”, comes in at 10%. Insiders had calls and just cashed in. This is a grift.

 

That’s pretty much the only thing that makes sense.

 

We have half the country that believes that the “big guy” is a crime family but are heads in the sand when it is out in the open.

 

Trump absolutely upended the entire world's supply chain for a 10% tariff that we would have whined about but would have continued with business as usual and passed on the cost to the consumer with minor changes in the amount of units we build, move, and sell. Instead, he shut down the supply chain for attention it seems.

 

Was this 100% expected? If so, no reason you couldn’t have profited off of this.

 

Glad chemgator is starting to get it. I was talking about China's coming property bubble collapse in 2008 based on posts from Mike Shedlock, or as mdgator05 calls him, "Mike who?" (Bubble collapse yook a lot longer than expected).

Years ago on Twitter I was predicting China's economic collapse and widespread starvation by 2025. Collapse at some point was in the cards when maoist Xi came to power a dozen years ago

As early as 2017/2018 I warned that the US was pushing Russia into aligning with China. Biden did just that with his sanctions, which resulted in Russia selling cheap food and energy to China. That was a lifeline for Xi and the CCP.

As I said on Twitter in 2020 and 2021:

"China has 20% of world's population but just 7% of the water, much of it too polluted for agricultural use. China will have to import a lot of food in the coming decades, much of it from the U.S.. That's expensive.
U.S. moratorium on immigration would protect U.S. aquifers."

"Xi is surrounded by maoists who want to secure CCP survival by turning inward and reducing freedoms. Because China is running out pf cash, water and food, Xi and CCP will fall."

THFSG poster SweetJenius: