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WSJ: "Dumbest trade war in history."

Very dumb trade war. You have trade wars if your house is in order and is manufacturing king but America is NOT. China actually invests in their own people.

To pick a fight with China has got to be the most diabolical decision ever. Almost everything in American households is made in China from shampoos to clothing.

I don't buy that the orange felon doesn't know, he just doesn't care and his mission is to troll and grift because it's the average American who will pay the price of this childish bullshit.
 
President Trump's tariff war reminds me of President Kennedy's war in Vietnam. Really powerful country pulls the trigger on really powerful weapon . . . and shoots self in the foot.
 
nowisthetime said:
Very dumb trade war. You have trade wars if your house is in order and is manufacturing king but America is NOT. China actually invests in their own people.

To pick a fight with China has got to be the most diabolical decision ever. Almost everything in American households is made in China from shampoos to clothing.

I don't buy that the orange felon doesn't know, he just doesn't care and his mission is to troll and grift because it's the average American who will pay the price of this childish bullshit.
Click to expand...
Especially grift. Tariff exemptions for businessmen who contribute to his campaign.
 
RoryN said:
https://www.wsj.com/opinion/donald-trump-tariffs-25-percent-mexico-canada-trade-economy-84476fb2

Follow-up article:

https://www.wsj.com/opinion/the-tru...vow-retaliation-economic-uncertainty-da522b44

Highlights from behind the paywall:

https://www.google.com/amp/s/thehil...f-plans-the-dumbest-trade-war-in-history/amp/
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When The Wall Street Journal goes after Trump he is in trouble. It is too bad Trump does not read The Wall Street Journal. It has too many big words, and not enough pictures.
 
I don't think this has anything to do with trade and everything to do with what AI is going to do to the world economy, or something worse. :)
 
Well, this latest move isn't going to help

China Imposes Total Ban on U.S. Natural Gas Imports​

China has completely halted imports of liquefied natural gas (LNG) from the United States, according to new data obtained by Bloomberg. In March 2025, China’s LNG imports from the U.S. dropped to zero percent — marking a full stop in trade. This is the most prolonged LNG import freeze since the U.S.–China trade war during President Trump’s first term, when China refused U.S. LNG shipments for nearly 400 days. According to Bloomberg, China has responded by leaning more heavily on coal (which they get from Australia) and renewable energy to stabilize its domestic energy supply. China has also increased imports of natural gas via Russian pipelines during the same period, further reducing its reliance on U.S. LNG. While Europe receives over half (53%) of U.S. LNG exports, Asia accounts for 33%, with Japan, South Korea, India, and China among the top buyers — until now.
 
ChloeTzang said:
Well, this latest move isn't going to help

China Imposes Total Ban on U.S. Natural Gas Imports​

China has completely halted imports of liquefied natural gas (LNG) from the United States, according to new data obtained by Bloomberg. In March 2025, China’s LNG imports from the U.S. dropped to zero percent — marking a full stop in trade. This is the most prolonged LNG import freeze since the U.S.–China trade war during President Trump’s first term, when China refused U.S. LNG shipments for nearly 400 days. According to Bloomberg, China has responded by leaning more heavily on coal (which they get from Australia) and renewable energy to stabilize its domestic energy supply. China has also increased imports of natural gas via Russian pipelines during the same period, further reducing its reliance on U.S. LNG. While Europe receives over half (53%) of U.S. LNG exports, Asia accounts for 33%, with Japan, South Korea, India, and China among the top buyers — until now.
Click to expand...
Our oil and natural gas production was the largest and best in the world.

Both are on their way to shutdown because of global market demands, directly influenced by our President
 
ChloeTzang said:
Well, this latest move isn't going to help

China Imposes Total Ban on U.S. Natural Gas Imports​

China has completely halted imports of liquefied natural gas (LNG) from the United States, according to new data obtained by Bloomberg. In March 2025, China’s LNG imports from the U.S. dropped to zero percent — marking a full stop in trade. This is the most prolonged LNG import freeze since the U.S.–China trade war during President Trump’s first term, when China refused U.S. LNG shipments for nearly 400 days. According to Bloomberg, China has responded by leaning more heavily on coal (which they get from Australia) and renewable energy to stabilize its domestic energy supply. China has also increased imports of natural gas via Russian pipelines during the same period, further reducing its reliance on U.S. LNG. While Europe receives over half (53%) of U.S. LNG exports, Asia accounts for 33%, with Japan, South Korea, India, and China among the top buyers — until now.
Click to expand...
I'm sure China is also looking to Canada as our soon to be exporting LNG Kitimac BC facility starts shipping. Why send it south for a discount? When we can ship it west to the east for far more money! Isn't that the American way?
 
On Thursday, Donald Trump announced he might end the increase in tariffs imposed on China, which have disrupted global markets. "I don't want them to go higher, because at a certain point, people won't buy anymore," Trump told the journalists present at the White House. "So, maybe I don't want to go any higher, or even up to this level. I may want to go lower, because we know we want people to buy, but at some point, they won't buy anymore." Furthermore, the occupant of the White House stated that Washington and Beijing were managing to build good exchanges in private, despite the trigger of his trade war. "By the way, we have good conversations ongoing with China. It's, let's say, really very good," he emphasised, without providing further details.

Well, considering they're no longer importing US Beef, Soybean or LNG and no longer exporting rare earth minerals and whatever, it sounds like Trump is backing down on China too. China was pretty clear that they would not be first to the table so if they are talking, it was Trump that blinked first and phoned China. Or he's lieing. Personally, I'd go with the lies at this point. He's making up fairy stories. His blustering and bully doesn't carry much weight with countries that can stand up for themselves. I'm not sure if he's realized that while he's busy slappimg tariffs down on every country in the world (except his buddy Putin and Russia), China is out there quietly going to all the countries Trump has hit and cutting deals with them or offering to trade with them with no tariffs! Even European countries are making new no-tariff deals with Asian and Latin American countries. By the time Trump catches up, our exports will have dropped considerably, a lot of small businesses will have been whiplashed into bankruptcy, a lot of jobs will have been needlessly lost, we'll have lost some important markets, alienated all our friends and generally fucked around and found out.

https://www.msn.com/en-ca/news/worl...325564fe1c41b696be753e2b6b3df9&ei=10#comments
 
Investors are spooked - US stocks indexes down 3%, extending slide as Trump harangues Powell

Wall Street's main indexes each slid to more than one-week lows on Monday after U.S. President Donald Trump doubled down on attacks against Federal Reserve Chair Jerome Powell, amplifying concerns about the central bank's autonomy and rattling markets. Trump repeated his criticism of Powell, saying in a Truth Social post that the economy could slow down unless interest rates are lowered immediately. Trump's continued criticism of the Fed chair has heightened worries about the central bank's ability to independently formulate monetary policy in the world's largest economy, undermining investor confidence in U.S. assets already diminished by Trump's tariffs.

“The market is feeling extremely fragile right now, with the uncertainty surrounding tariffs as a backdrop. So that’s why you can see the market selling off on news about Fed independence and Powell – and not just the stock market, but across assets, in the bond and the foreign exchange markets as well. Broadly, global investors are moving away from being overweight US assets...."

"The latest headline du jour is Trump is unhappy with Powell's performance, and it is creating more uncertainty... in a weak environment.....The inability to rally illustrates how weak the market is right now. The fact that we're down so much today after a long weekend tells me, ok, investors went into the weekend, they looked at the situation, ad they see more uncertainty, not less uncertainty. Clearly investors are spooked, and fear is taking over."

"It's really two major stories pushing the market lower. One is the lack of any trade deals over the weekend. I think that we all go home at night hoping that we wake up in the morning with some announcement of some relief on these tariffs and the trade deals as there are all these negotiations with various important nations. And every day that there are no deals struck to provide any relief, it creates continued anxiety that there aren't going to be any reasonable deals struck and that these policies as currently stated end up being what we have, which is going to be ... destructive for the economy......The second issue is Trump's vocal desires that he is expressing to replace Jerome Powell because he won't lower interest rates, combined with Jerome Powell's (comments) last week that they are in no hurry to lower interest rates while they're waiting to see what sort of inflationary impact the tariffs have. So there's this terrible stalemate there and concern that there will be some sort of action taken to replace Powell, which would create a real panic in the dollar."

"Markets are showing disapproval of a lack of progress on trade negotiations. In the absence of any firm commitments from any countries, markets take the fire first, ask questions later (approach.)“

https://www.msn.com/en-ca/money/top...413e8061ee49b891e72d93510058f0&ei=56#comments
 
ChloeTzang said:
Well, this latest move isn't going to help

China Imposes Total Ban on U.S. Natural Gas Imports​

China has completely halted imports of liquefied natural gas (LNG) from the United States, according to new data obtained by Bloomberg. In March 2025, China’s LNG imports from the U.S. dropped to zero percent — marking a full stop in trade. This is the most prolonged LNG import freeze since the U.S.–China trade war during President Trump’s first term, when China refused U.S. LNG shipments for nearly 400 days. According to Bloomberg, China has responded by leaning more heavily on coal (which they get from Australia) and renewable energy to stabilize its domestic energy supply. China has also increased imports of natural gas via Russian pipelines during the same period, further reducing its reliance on U.S. LNG. While Europe receives over half (53%) of U.S. LNG exports, Asia accounts for 33%, with Japan, South Korea, India, and China among the top buyers — until now.
Click to expand...
Even worse, if China won't buy American natural gas, that means they will just burn that much more coal.
 
Politruk said:
Even worse, if China won't buy American natural gas, that means they will just burn that much more coal.
Click to expand...
China's shuttered a bunch of coal fired generators and converted many others to NG. In the short term they may use more coal, but it's not a long term solution. China will find other sources of NG, I suspect Russia may fill that void. As well China will expand its suppliers, Canada has a nice new facility just across the way.
 
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