China has caved on the tariff's

[ChloeTzang]

Lest there was any doubt about China’s stance in trade war, this official video makes clear the state of mind in Beijing. The video appears aimed at building solidarity with others around the world to push back against US efforts to rewire global trade.

Very inspiring!

https://twitter.com/x/status/1917069881142612278

 

[ChloeTzang]

Q: "Is the administration talking to Beijing specifically about tariffs or not?"

Bessent: "Well, we're not going to talk about who is talking to whom...I'm not going to get into the nitty gritty of who is talking to whom."

In other words, ain't nobody talking to no-one and we're all going to hell in a handbasket.....got it.

https://twitter.com/x/status/1917202071821942843

 

[ChloeTzang]

 

[Fuzzy1975]

View attachment 2533605

Fuck em if they can't take a joke....right?

 

[DeluxAuto]

Fun anecdotal fact:

We just had our first client balk at the new tariff prices. He's a multimillionaire who can afford it, just too educated to pay it.

 

[Politruk]

Bessent Indirectly Confirms to CNBC China and the U.S. Still Not Talking Tariffs: Not Even a ‘Negotiation About the Negotiation?’

CNBC’s Sara Eisen spoke to Treasury Secretary Scott Bessent on Monday and pressed him on whether or not any progress has been made in negotiations to ease the massive trade tariffs placed by President Donald Trump on China.

“But China is key. I know you set it aside. And you’re heavily involved here. You have said they need to de-escalate and start that process for us to get going on trade talks. Have they made any effort at this point?” Eisen asked during the lengthy interview.

“I think that, I think we could see substantial progress in the coming weeks. We will see that, as I think it’s Stein’s Law, that which is not sustainable doesn’t continue. So, 145 percent, 125 percent tariff levels are the equivalent of an embargo,” Bessent noted.

“Yes,” Eisen agreed.

“And we’re reading every day what’s happening with factories in China. And from an academic point of view, I can tell you that the history of trade battles, we are the deficit country. The surplus country always has the most to lose,” Bessent added.

“Right. So, they need to make more gestures? What is it that you’re looking for? And is that happening? Is there a negotiation about the negotiation?” Eisen prodded.

“Yes, we will see over the coming weeks. And we will see what President Trump wants to accept,” Bessent replied.

“Right. I mean, have they offered anything on the fentanyl, for instance, precursor ingredients?” Eisen pressed again, trying to understand if any talks were taking place.

“It’s only what they have said publicly. So and I can tell you that these precursor fentanyl drugs are a real problem. There are a lot of Chinese companies. At Treasury, we have the ability to do a lot of financial surveillance. And we see Chinese corporations that are linked with the Mexican cartels. And that’s got to stop. That’s got to stop. Like, what is the price for these hundreds of thousands of fentanyl deaths that we have, the families that are left behind, and then the lives that are ruined?” Bessent replied.

 

[nowisthetime]

Magats are parrots who repeat what their dear leader says.Their dear leader says one thing, they all run with it. That's their plan now no matter if it is fiction.

MAGAts think their orange felon is smarter than a nation who predates the United States by thousands of years. MAGAts will have the country going bankrupt if it means a pat on the head for being good klan members.

 

[Sean Renaud]

AGe an inteligence are not the same thing.

 

[HisArpy]

Magats are parrots who repeat what their dear leader says.Their dear leader says one thing, they all run with it. That's their plan now no matter if it is fiction.

MAGAts think their orange felon is smarter than a nation who predates the United States by thousands of years. MAGAts will have the country going bankrupt if it means a pat on the head for being good klan members.

^desperately needs a cookie and a pat on the head

 

[DeluxAuto]

^desperately needs a cookie and a pat on the head

That's a dumb take on her truth bombs, Derpy. Oh, she's a brown woman.

 

[HisArpy]

That's a dumb take on her truth bombs, Derpy. Oh, she's a brown woman.

You know; if you weren't a racist, you wouldn't be anything at all.

 

[DeluxAuto]

You know; if you weren't a racist, you wouldn't be anything at all.

Typical Derpy response. Gets called out for his blatant racism and is forced to a flaccid IKYABWAI retort.

FYI, Trump's proposed budget cuts DD spending.

Don't you know ANYfuckingTHING? You are consistently on the stupid side of every issue. Without fail.

Trump's budget proposes slashing health, education and clean energy programs while talking up bigger military​

The largely symbolic budget blueprint sent to Congress also calls for boosting spending on Trump's other priorities, like border security and a "MAHA" initiative on healthy living.

Overall, Vought said the proposal contains a 23% cut ($163 billion) in discretionary funding, and a 13% increase in military spending after including the $150 billion Republicans are eying in a separate bill.


Poor Derpy.

Don't you know ANYfuckingTHING? You are consistently on the stupid side of every issue. Without fail.

 

[DeYaKen]

One of the things being put forward is for China to open plants to finish Chinese goods. North Korea is not subject to tariffs so if they add enough value to the product the Chinese goods get badged as made in North Korea.

 

[Politruk]

North Korea is not subject to tariffs

Probably because up to now, they never exported anything.

 

[Politruk]

You know; if you weren't a racist, you wouldn't be anything at all.

You are living in a glass house throwing pots at the kettle.

 

[Rightguide]

They can find other countries to export to. They're doing it now. They're not going to feel the pain like American businesses will -- does Wal-mart sell anything that is not made in China?

Cite?

I'll cite the fact that China has caved to Trump on Tariffs. America is the largest consumer market in the World.

 

[DeYaKen]

Probably because up to now, they never exported anything.

Neither is Russia. They both have rulers admired by Mr Trump.

 

[RobDownSouth]

Neither is Russia. They both have rulers admired by Mr Trump.

Russia exports massive amounts of potash to western China each year. Chinese agriculture would fail without potash and famine would decimate the Chinese populations.

China in turn has a huge new market in Russia to sell their one-size-fits-all EVs. They are rock solid, easily replaced parts and use a "dead end" electronic battery that Russia seriously appreciates: the car cranks in extremely cold weather.

 

[DeYaKen]

I'll cite the fact that China has caved to Trump on Tariffs. America is the largest consumer market in the World.

The US has a population of approx 300 million. The EU without Britain has a population of approx 360 million

 

[bijedi]

I'll cite the fact that China has caved to Trump on Tariffs.

Only in the fever dreams of Cult 45 and beta cuck Trump simps is this is a fact.

America is the largest consumer market in the World.

So? Being the largest isn't the same as being the only. And a lot of people who bring this up apparently think this is due to some innate feature of the US as opposed to being mostly the result of historical accident and good trade policy. It is unlikely to remain so under the current administration's trade policy.

 

[Politruk]

I'll cite the fact that China has caved to Trump on Tariffs. America is the largest consumer market in the World.

We need them a lot more than they need us. They can find other markets more easily than we can find other suppliers.

 

[DeluxAuto]

I'll cite the fact that China has caved to Trump on Tariffs

Will this occur right after you prove Dem election fraud in Arizona and that "we barely do any business with Canada?"

 

[HisArpy]

The US has a population of approx 300 million. The EU without Britain has a population of approx 360 million

Which means nothing because the statistics are very clear that the US is the leading consumer in the world.

 

[SgtSpiderMan]

I'll cite the fact that China has caved to Trump on Tariffs. America is the largest consumer market in the World.

 

[ishtat]

I'll cite the fact that China has caved to Trump on Tariffs. America is the largest consumer market in the World.

Correct that the USA is the largest consumer market, but is that a strength or a weakness? At almost 70% of GDP that is far too high. China is much less at 39%, although their vehicle market is bigger than USA and EU put together. The trashing of the US$ value by 10% in the last 100 days is the only cave in so far. That is already impacting US consumers of modest income.

The actual tariffs (US federal sales taxes) will start to bite through the inflation of goods costs roundabout June/July, this will really hurt the middle and working classes. Both sides need to get some sanity back into trade, but I suspect that Chinese resilience to hard times is the greater; they will not be rushing to cut a deal, time favours them.