Trump Is Caving To China On Tariffs.

[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.

 

[RobDownSouth]

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.

Bessent is technically correct (which as Homer Simpson sez is "the best kind of correct") but you also have to factor in what China actually DOES with those trade surplus dollars...they turn around and buy American treasury bonds, propping up the USA's deficit spending. Should China cease to purchase T-bonds, America will quickly become a financial nightmare under Trump, in addition to his actions to turn America into a social nightmare.

China and Mexico is a marriage made in hell. There are two steps to making Derpy's drug of choice: Making Fentanyl "brownie mix" and "cooking the actual brownies". ("Brownie mix" is a good analogy, technically you could make "brownie mix" at home with cocoa and flour and sugar and know the proper steps in the proper order...the Chinese have perfected the "mix" making precursors....there are two precursors). Making Fentanyl "brownie mix" is a super-exact science, which China excels at.

The second half of making Fentanyl requires an expendable cheap labor force and very hot dry weather, something Mexico excels at. Precursors are mixed outside into giant sheets of paste and dried outdoors in the hot Mexican sun. They are then cut into squares and stuffed into an ordinary higher-quality Waring blender indoors. The most dangerous part of making Fentanyl is pulling the top off the blender once mixing has reduced the dried fentanyl paste into powder. Pull off the top of the blender too quickly and the fine powder pulled up by the suction will kill you if inhaled through the mouth or nose. The death toll of stupid 16-year-old gang-bangers wanting to be the next Walter White is enormous.

Then the powder is loaded into surplus 1950s pill making machines bought at auction from the USA. There is ZERO quality control over the pill making process, you can have a bootleg Fentanyl pill with 5% of the active ingredient or 500% of the active ingredient (the latter, of course, will kill you). Mexican gangs have learned to err on the side of caution, so you rarely get more than 100% dosage anymore (fatalities being bad for business) but too many 5% pills lead American users to think they need more to get a buzz, so they will take 2 or three pills at the same time now.

 

[Politruk]

Bessent is technically correct (which as Homer Simpson sez is "the best kind of correct") but you also have to factor in what China actually DOES with those trade surplus dollars...they turn around and buy American treasury bonds, propping up the USA's deficit spending. Should China cease to purchase T-bonds, America will quickly become a financial nightmare under Trump, in addition to his actions to turn America into a social nightmare.

China and Mexico is a marriage made in hell. There are two steps to making Derpy's drug of choice: Making Fentanyl "brownie mix" and "cooking the actual brownies". ("Brownie mix" is a good analogy, technically you could make "brownie mix" at home with cocoa and flour and sugar and know the proper steps in the proper order...the Chinese have perfected the "mix" making precursors....there are two precursors). Making Fentanyl "brownie mix" is a super-exact science, which China excels at.

The second half of making Fentanyl requires an expendable cheap labor force and very hot dry weather, something Mexico excels at. Precursors are mixed outside into giant sheets of paste and dried outdoors in the hot Mexican sun. They are then cut into squares and stuffed into an ordinary higher-quality Waring blender indoors. The most dangerous part of making Fentanyl is pulling the top off the blender once mixing has reduced the dried fentanyl paste into powder. Pull off the top of the blender too quickly and the fine powder pulled up by the suction will kill you if inhaled through the mouth or nose. The death toll of stupid 16-year-old gang-bangers wanting to be the next Walter White is enormous.

Then the powder is loaded into surplus 1950s pill making machines bought at auction from the USA. There is ZERO quality control over the pill making process, you can have a bootleg Fentanyl pill with 5% of the active ingredient or 500% of the active ingredient (the latter, of course, will kill you). Mexican gangs have learned to err on the side of caution, so you rarely get more than 100% dosage anymore (fatalities being bad for business) but too many 5% pills lead American users to think they need more to get a buzz, so they will take 2 or three pills at the same time now.

Pills? Isn't fentanyl something you inject, like heroin?

 

[RobDownSouth]

Pills? Isn't fentanyl something you inject, like heroin?

No. Prescription fentanyl (the legal kind) is injected IV as an anesthetic.

The stuff from Mexico usually comes in blue capsules which are sold on the street as "blues".

 

[Lazaran]

No. Prescription fentanyl (the legal kind) is injected IV as an anesthetic.

The stuff from Mexico usually comes in blue capsules which are sold on the street as "blues".

blue tablets

 

[Lazaran]

DonOld CAVES and SLASHES tariffs on China by ONE HUNDRED AND FIFTEEN PERCENT!!!







We. Told. Them. So.

 

[Lazaran]

Yeah, DonOld CAVED to China!!!



We. Told. Them. So.