The Americans are panicking over China, they have no idea what do do and are just making knee-jerk responses pretending they are doing something and looking ‘tough’ in the eyes of Americans. Yet what exactly can they do to a country that has 3 trillion US dollars in ‘spare change’ of your currency and holds US$759 billion in your treasury bills?
The fact is, just like the financial meltdown a while back, China will just use this opportunity to buy up even MORE of American manufacturing, invest in building more US manufacturing plants (using American slave labor wage workers) and soon the US will be nothing more than a branch plant country for Chinese corporations, all profits returning back to China.
交易的艺术
His fanboys will praise his indecisiveness and claim it a victory regardless of the outcome
🤔 it’s almost like tarrifs were a bad idea.
Correct me if I’m wrong, but Trump never dropped tariffs on China, did he?
No they didn’t. This is in reference to the announced exceptions for electronics like phones, which is a pretty big category. That’s effectively dropping tariffs on a big chunk. That announcement was then unannounced by trump but who knows. The general perception is that trump wants tariffs but will fold when the economy catches fire and wants China to make a big deal with him so he can claim victory.
Depends on what you mean by drop. Is rolling back dropping? Is making exemptions dropping? Because both of those things have been done lol
And now:
Trump clarifies some of the tariffs were actually 245% for some unknown reason
Small brain think smart. Fat man think tough. Ignorance knows no bounds when others pay the price of bad decisions.
Nobody knows what’s going on.
Least of all Trump
Extortionist fails
All the more reason for MAGAs to hate China - they were MEAN to Daddy!
Dealing. Is an art.
Too much art, not many deals. 😔
What a fucked up world where we are cheering on China. Fucking trump.
And what, exactly, is wrong with cheering for China? They have never invaded a foreign sovereign nation in their entire 400 year history. They have been invaded by a lot of other countries, however.
Predictable dictator is better than batshit crazy dictator.
Xi is more than happy to have a scapegoat for his economic troubles so the people and the powerful don’t hang him. Trump sometimes wants to speed run into the hanging and then realizes he really can’t piss off his own power base if he wants to keep his neck.
What moral high ground you think you had before?
Red > orange
If they suck at each other, then that’s way less bad. Root for simultaneous knockout punches.
They both suck.
The workforce is unionizing even if their union is pretty terrible.
Definitely just a toss up of where this is going.
Which workforce? The Chinese? There’s only one union and it’s run by the government. Any non-government unions are illegal.
The US is gaining a new interest in unions, but we have our own anti-union laws to deal with. Not as bad China’s obviously.
such a socialist country where union protests lead you to being disappeared
Oh sorry, did I say socialist? China lines up better as a fascist economy.
Anti union in a socialist society…SMH sigh…
We need a vanguard party because the proles are too dumb to save themselves. We’ll prove it by banning unions that aren’t under our thumb.
Yeah in a global environment essentially China is the workforce/factory workers of the previous gilded age.
And it’s pretty much exactly my point that their union (the government) is finally pushing back against the management while being not exactly kind to their workers.
We are essentially reliving through a new worker rebellion but from the governments of the global south with their own layers of local nuance underneath that.
Weird times.A government is not a union.
The rebellion is mostly demographics. We are at a point, where globalization reached most countries. At the same time births are around 138million ± 5milliion since 40 years. China itself even has population decline.
Art of the deal
The Fart and The Squeal
Shart of the deal
Fart of the Seal.
You’re fucked when the other party has read it too.
You say “too” here, but it’s doubtful that Trump has actually read his book.
He famously had it ghost written, but fucked up the deal hard enough that his ghost writer got full writing credit on the cover.
I don’t think anyone needs to read his book up know he’s a fuck up. China doesn’t care how much we try and upset their apple cart, they aren’t going to play Trump’s game.
china is well-versed in a different text, the art of war.
China hasn’t been involved in a war since its conflict with Vietnam in 1979, what are you talking about??
I was making a joke.
Yup. Donald Trump is a joke.
I don’t think you’ll find anyone in the fediverse that disagrees.
Despite that, Fox News will continue stacking his invisible laurels. Doesn’t matter if his policy does anything. All that matters is that his followers are convinced that the policies are doing something.
One hundred percent spot on.
Everyone turn on your ad blocker and go look at that website, it’s (2024-)incredible it’s legal to be so disingenuous
I made the mistake of visiting yesterday and I will never not be dumber because I read their first seven headlines plus at least a dozen comments
That’s right, those headlines are the dumbest things you’ve ever seen on the planet… but then you scroll to the bottom of an article
Pray for me
🙏 thanks for reporting your findings. Hope you recover soon.
There’s no way in hell I’m going to any conservative propaganda site.
tl;dr it’s worse than I thought
I’m not strong enough to admit that I hoped there would be one story where they weren’t jamming it down their throat and begging for more
You’re far braver than I am, my friend.
Technically crashing the entire fucking economy in like a month is doing something
Big flex from China. I’m waiting for a country to call trump’s bluff by putting an export tax on their own goods sent to the USA.
If only… America holds 20% of global purchasing power so an export tax like that would result in needing to lower local interest rates to boost domestic productivity, which would decrease foreign investment, eventually weakening the local currency.
It would be hilarious if a country that exports very little to nothing to the US did it to make a point though. Totally on board with that.
China is already weakening their currency to keep their exports (worldwide) more attractive.
America
holdsheld 20% of global purchasing power…Truth be told, I think the only thing we really produced in the US was the US dollar. Sounds like it’s the number 1 export for the US, and trump just toppled demand for it.
Oh this makes so much sense, it really all boiled down to this.
Or, they just pay the tariff themselves. Could you imagine China going, “Cool bro, we’ll just absorb the cost ourselves. Now what?”
What would happen is the US dollar would be weaker, profits selling to the US weakened. It would still harm us primarily.
I mean, that’s what trump said they would do. That would make him look like a genius.
a s̵͎̣̫̼͙̄͂̀̇̚ṱ̵̨͓̹̮̪̖͈̐̏̓̅̈́͗͂̓̕͘a̶̢͉̦͈̬͛̐̎̉b̶̭̝̈́͒̆̓̇̀͛͛͠͝͝l̶̬̥͙̗̪͈͖̜̗̮̆̀̅̓̍͑̍́̓̈e̶̡̛̦͓̰̭̘͆̏̊̉͘one
That wouldn’t really do much for China. The reason the tariffs hurt us is that we sent all our manufacturing to them (along with a few other countries). So the tariffs only make our stuff cost more. Footing the bill like that would just weaken China’s position.
Canada should have done this on everything. If the Americans can afford the tariff then there is room for us to charge more. Not really but yeah should do it.
Didn’t this happen last time? Less dramatically, but still.
He puts in a bunch of tariffs. China reciprocates. The market is thrown into chaos. He shouts and screams. China ignores him. He backtracks. China ends the tariffs but doesn’t do anything to try and appease him. He claims it’s a victory. His fluffers say the tariffs were just to bring China to the table, which justifies the hit to the market, despite the fact China didn’t come to the table and President Pigshit didn’t articulate what China could actually give him to end the tariffs.
Yes, but this time he also decided to tariff the whole world.
Fucking clown.🤡
‘hurrrr art of the deal’ Fucking. Clown.
