Because their tariffs have come gradually. Ours are coming all at once. The return defensive tariffs they are putting on one of their major trading partners(us) will hurt their economy.
The first 100 days
- Thread starter watu05
- Start date
No!
You pay less money because it is less tariffs. Nobody has the amount of tariffs new or old that Trump is attempting to charge to so many countries. You have trouble seeing the big picture. You also have trouble seeing the small picture as well.
The outcome for the frogs in hot water is not a good one for the frogs.. Weird metaphor to use.
Remember when @Lawpoke was ragging on the Democrats’ approval ratings?
www.the-independent.com
I’m guessing most Republicans will still hold their party in high esteem over their cuts to spending and immigration crackdowns so their approval rating won’t be as low as the Dems who are fighting internally right now about not being forceful enough in their opposition to Trump…. But the cracks in the Republican facade are showing (at least in terms of political opinion)
The public trusts Republicans less on the economy than Democrats: poll
Trump’s own economic approval rating has fallen as he continues his trade war with China
www.the-independent.com
I’m guessing most Republicans will still hold their party in high esteem over their cuts to spending and immigration crackdowns so their approval rating won’t be as low as the Dems who are fighting internally right now about not being forceful enough in their opposition to Trump…. But the cracks in the Republican facade are showing (at least in terms of political opinion)
China is making lemonade out of lemons. Bloomberg.
"Not only has China been largely ignoring—or dictating the terms of engaging with—Trump’s repeated invitations for talks over his trade war, but its most recent economic numbers appeared to show some surprisingly positive signs. Now the country is taking advantage of America’s alienation of friend and foe alike to buy its oil elsewhere. Chinese refiners are importing record amounts of Canadian crude after slashing purchases of US oil by roughly 90% amid the escalating trade tensions. A pipeline expansion in Western Canada that opened less than a year ago has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region.
While China had been looking more to Canada’s oil before Trump took office, Chinese crude imports from a port near Vancouver soared to an unprecedented 7.3 million barrels in March and are on pace to exceed that figure this month. Meanwhile, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June."
"Not only has China been largely ignoring—or dictating the terms of engaging with—Trump’s repeated invitations for talks over his trade war, but its most recent economic numbers appeared to show some surprisingly positive signs. Now the country is taking advantage of America’s alienation of friend and foe alike to buy its oil elsewhere. Chinese refiners are importing record amounts of Canadian crude after slashing purchases of US oil by roughly 90% amid the escalating trade tensions. A pipeline expansion in Western Canada that opened less than a year ago has presented China and other East Asian oil importers with expanded access to the vast crude reserves in Alberta’s oilsands region.
While China had been looking more to Canada’s oil before Trump took office, Chinese crude imports from a port near Vancouver soared to an unprecedented 7.3 million barrels in March and are on pace to exceed that figure this month. Meanwhile, Chinese imports of US oil have collapsed to 3 million barrels a month from a peak of 29 million in June."
All Trump can see is his one or two goals to maga by shifting the manufacture here, and taxes here. He doesn't consider easily foreseeable advantages to the Chinese markets for oil & the like. He doesn't see the advantages it gives China in non-head to head trading with the US, and advantages in the overall market.
He is playing checkers while China is playing chess with an automatic one-piece disadvantage, and still easily beating Trump. He just pulled China's economy out of a slump, and is about to put ours in one. Ridiculous. It's amazing how much common sense that Trump does not exhibit.
I'm certain there are at least a few advisors that see this stuff, despite his obtuse hiring practices. I just wonder if they don't have the balls to tell him. He is dithering away all of our advantages over the axis of evil, while he buddies up to their leaders. No leader we've ever had, has given this much to our enemies, and he is oblivious to it.
I believe you guys are misguided as far as China’s economic strength and ability to endure a trade war. Most Asian publications echo these thoughts
China’s Deep Economic Crisis — And A Trade War It Can’t Win
swarajyamag.com
Edited:I believe you guys are misguided as far as China’s economic strength and ability to endure a trade war. Most Asian publications echo these thoughts
China’s Deep Economic Crisis — And A Trade War It Can’t Win
swarajyamag.com
First of all, I think the world is in for a prolonged recession if Trump carries through with this trade war.
But relative to that, I think changing out the US for China as a major trading partner will ease their burden more than they are accounting for. The world was moving towards china during Trumps first term. Now it is moving towards china at lightning speed. That won't account for all of their losses in the # of customers.(US is a big chunk.) But places like Canada, India, & the rest of the world will soften the blow.
All the problems China is showing stress over, we have those problems too. We will both suffer those problems even worse in a trade war. I don't think the analysis is being compared with the US economy's similar problems. And I don't think they are equating where the share of the world market will go when the US is doing the same to everybody else.(just to a lesser extent than to China) That will drive the market away from the US. We will both be hurting though. Maybe it's all a bluff by the Chinese government, but I wouldn't think they would be that stupid, or be backed so far into a corner to be forced to bluff.
Maybe they are so far overextended into a manufacturing economy that nobody can cover the US up as a trading partner to any consequence. But I don't think the government would do anything that flawed while their economy was that weak. They usually know the consequences. If those consequences were devastating because the world couldn't soften the blow, while the US was dealing with similar problems, I'd think their approach would be more cautious.
Sounds like we’re trying to reverse the world’s or at least a large portion of it moving toward China through a policy of isolation. Suppose it’s worth a try. Like you said, the world has been moving toward China over the last decade. It continue during the Biden Admin as well btw. Doubtful if it will work. The response from our trading partners will be interesting. There’s also the very real possibility this is all being done to negotiate better trade deals with the Chinese. The key questions…how weak is China and what are our trade partners willing to threaten and possibly do?
You keep assuming that the people conducting this charade actually have any idea what they’re doing…. Or basic level of competence.
I believe you guys are misguided as far as China’s economic strength and ability to endure a trade war. Most Asian publications echo these thoughts
China’s Deep Economic Crisis — And A Trade War It Can’t Win
swarajyamag.com
I think you cherry pick sources that make give you hope you didn’t screw up royally by not being more vocal in your opposition to this administration,I believe you guys are misguided as far as China’s economic strength and ability to endure a trade war. Most Asian publications echo these thoughts
China’s Deep Economic Crisis — And A Trade War It Can’t Win
swarajyamag.com
Reverse the world's movement to China by putting tariffs on our goods for everybody in the world? That does the opposite of isolating China. Unless the economic effect of direct trade with the US hurts them so bad that this somehow isolates them? I don't see how this isolates them. This causes them to trade more with the world. Isolation from the US is not isolation from the world. Don't have a clue where you are going with this.
If you got gen z familiy members or younger its going to allow them to buy a home before 30.First person account of how Trump tariffs affect businesses. Chaos may make for great reality TV, but can destroy an economy and people's lives.
Her Business Was Thriving. Then Came the Tariffs.
An interview with Beth Benike, who fears for the survival of her small business under Trump’s tariffs.www.nytimes.com
I didn't realize you had such an affinity for a dead people that lived along a Siberian river. Putin would be proud of your remembrance of them.
Leave conversations on this forum to the adults in the room.
Revealing those products you are going to pay more for I would guess is their motive.
I guess they don't see the motive for the long game winning out over the short game reveal?
If Trump wanted to limit China, why is he alienating all our other trading partners? Whatever China's economic challenges are, Trump is making China's look like a better and more trustworthy economic partner with the rest of the world. Trump has exceptional economic power because of the US's dominant position in a system that he is now destroying. Maybe he has a dream of where it will end up, but playing the bully will only create resistance from every direction.. Equally, his competitors around the world have had time to plan for him and are more likely to carefully plan their responses.
Anyone find it hilarious that the Trump admin parades a mom whose daughter was killed by a gang member out in response to criticism for unlawfully imprisoning people in a foreign country with no due process?
But then when a kid who was one of his supporters kills 2 people and injures six other on a college campus it’s just another day in Florida?
Shouldn’t we be using the same logic to throw red hat wearing lunatics in prison? They’ve cause WAAAAAAY more havoc than MS 13 has in the US
(Or maybe… just maybe… the president is being disingenuous with his actual ideals and intentions. He doesn’t care about crime or illegal immigration. He’s just a bigot who makes temporary exceptions for those who kiss his feet)
But then when a kid who was one of his supporters kills 2 people and injures six other on a college campus it’s just another day in Florida?
Shouldn’t we be using the same logic to throw red hat wearing lunatics in prison? They’ve cause WAAAAAAY more havoc than MS 13 has in the US
(Or maybe… just maybe… the president is being disingenuous with his actual ideals and intentions. He doesn’t care about crime or illegal immigration. He’s just a bigot who makes temporary exceptions for those who kiss his feet)
China is the OPEC of rare earths, which are essential for American industry and for military production. Without them, we’d struggle to produce drones, cars, planes, wind turbines and more. A single F-35 fighter plane contains some 900 pounds of rare earths, and a submarine may use more than four tons of them.
Wow I didn't realize the weights were that large. I thought they were more like 9 lbs in an F-35.
Patriots on overW over E.
Dark before the light… Easter is the timeline. Prayers for USA families & even the darkest of the dark is no match for the LIGHT!
Prayer has never been more important. Not during our life times.
Here’s something for the soul none of those ferries of Biden admin know js about
Not since the Land Run…
A resurrection with all Glory to His Resurrection.
Dark before the light… Easter is the timeline. Prayers for USA families & even the darkest of the dark is no match for the LIGHT!
Prayer has never been more important. Not during our life times.
Here’s something for the soul none of those ferries of Biden admin know js about
Not since the Land Run…
A resurrection with all Glory to His Resurrection.
Are we at the end of 100 days yet? Are winning?
Bloomberg's daily summary:
Donald Trump sent the US stock market plummeting again, this time with social media snark and derisive playground nicknames aimed at the Chair of the US Federal Reserve. The president, under increasing pressure for singlehandedly destabilizing global markets with his trade war, has turned his attention to interest rates in a bid to avoid what economists increasingly fear is a recession dead ahead. Trump’s public mulling over whether he can legally fire Powell have market watchers eyeing a potential broad-based loss of confidence in the US economy if he were to try it.
The 78-year-old Republican’s taunts came before he met with executives of major retailers at the White House—those whose businesses are set to bear the brunt of tariffs the White House has temporarily suspended. The Monday meeting was said to have included representatives from Walmart, Home Depot, Lowe’s and Target.
By the time markets closed, the S&P 500 and other major US stock indexes had dropped around 2.5% while a gauge of the dollar weakened to a 15-month low. The benchmark 10-year Treasury fell with the yield reaching 4.4%. As investors turned away from US securities, haven assets climbed. Gold jumped to another record, above $3,400 an ounce, while the Swiss franc gained around 1% against the dollar.
Bloomberg's daily summary:
Donald Trump sent the US stock market plummeting again, this time with social media snark and derisive playground nicknames aimed at the Chair of the US Federal Reserve. The president, under increasing pressure for singlehandedly destabilizing global markets with his trade war, has turned his attention to interest rates in a bid to avoid what economists increasingly fear is a recession dead ahead. Trump’s public mulling over whether he can legally fire Powell have market watchers eyeing a potential broad-based loss of confidence in the US economy if he were to try it.
The 78-year-old Republican’s taunts came before he met with executives of major retailers at the White House—those whose businesses are set to bear the brunt of tariffs the White House has temporarily suspended. The Monday meeting was said to have included representatives from Walmart, Home Depot, Lowe’s and Target.
By the time markets closed, the S&P 500 and other major US stock indexes had dropped around 2.5% while a gauge of the dollar weakened to a 15-month low. The benchmark 10-year Treasury fell with the yield reaching 4.4%. As investors turned away from US securities, haven assets climbed. Gold jumped to another record, above $3,400 an ounce, while the Swiss franc gained around 1% against the dollar.
He could can Powell between now and then. Or he could try to do some good, and can Hegseth.
