My eyes…they burn
This has been texted to some people 🤗
Why would China be desperate?
China offers the cheapest high spec manufacturing in the world. If the US doesn’t buy that manufacturing, that leaves the rest of the world. Of course China wants American money, but it’s not going to devastate their economy in the short term. It’s a reasonable cost for providing China with so many opportunities, which they are aggressively pursuing, to cultivate deep seated international power.
The prevalence of Chinese manufacturing actually is a national problem for the US. While China has its pick of buyers, the US is stuck with one seller. The US should have been working for twenty years with India, Pakistan, Brazil, Indonesia, Vietnam, and maybe even some counties in Africa to create access to alternatives. It didn’t.
Weaning the US off Chinese manufacturing would take decades of elegant economic policy and diplomacy featuring several countries. China knows this is where it actually has power over the US.
I have worked professionally with Chinese vendors and suppliers for years, both pre and post COVID. China offers the whole range of manufacturing, not just cheap labor but high tech and precision devices too. You want cheap injection molded toys for Happy Meals? Done. Precision machine tools for CNC? Can do. Medical imaging devices? No problem. Mass assembly of automotive cable looms? Easy. If a business wants quality product from China they can do it.
And much like the classic European model where a textile or steel industry would collect in a valley for logistic/resource reasons and organically form an industrial ‘core’ the same is true in China, but with a centralized planned economy. Vocational schools feed local industry with skilled workers like engineers or tool and die makers, so that region experiences further and further specialization and conglomeration.
There’s no coherent or comparable manufacturing:educational alliance in the US, closest we have is ‘feeder schools’ that partner with individual industrial/scientific giants on an ad-hoc basis.
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China will definitely suffer, but it also doesn’t care. Public opinion supporting its actions are not a priority in China. Trump is starting to feel the bite his stupidity has taken him. Not sure if he understands completely, but he’s getting an idea that he’ll wear the blame. Not from the Maga, but from everyone else.
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Which makes the debt ceiling fight that’s coming up even more interesting. (article from March 24th)
The U.S. is most likely to default on its $36 trillion national debt sometime between mid-July and early October if Congress doesn’t act, the Bipartisan Policy Center predicted Monday.
…
Debt limit forecasters are expected to release a narrower X-date prediction after most tax receipts have landed at the IRS in April. While it’s “quite unlikely,” there is still a possibility that the U.S. could run out of borrowing power in early June if that gush of tax revenue comes in far below projections, the Bipartisan Policy Center cautioned.
The cost-cutting efforts of the Department of Government Efficiency effort headed by Elon Musk could also affect cash flow enough to change the X-date prediction, along with the strength of the economy, tariffs and any new spending or cuts Congress approves, the center said.
Given how DOGE is inflating it’s cost cutting savings by over $140 Billion, the tariff trade war, and congress’ habit of pushing things to the brink when their luck is going to run out sooner or later – this could get ugly quick.
I hope they don’t back down, even if that orange whimp ends up pulling back the tariffs. Don’t re-engage with the US until they elect a decent leader. They should really feel the impact of electing such a moron for a internationally significant role.
Yep. If America doesn’t have a severe depression &/or civil war, the mental illness of MAGA will continue destroying the country from within, and wreaking havoc with global stability.
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They’ve called your bluff, buddy and now you’re going to have to take an absolute beating of a lifetime. Enjoy!
Not him, he’ll take whatever he can get and sell it to his cultists as the world’s greatest deal.
As usual, it’s the US taking the beating …
The tariffs will be something Biden put in place and Trump removed to save the economy within a week.
I will say, lots of people in my state remember the 2008 Economic Crisis as being caused by Obama.
Why would they be?
Trump has effectively handed all of the USA’s soft power over to the EU, China & Russia, depending on the part of the planet we are discussing.
All of it.
Not really “handed” over" as much as made it disappear. It’s up to other countries to fill the vacuum.
In Trump’s words, “he doesn’t have the cards” “he has bad cards”. Which also makes it fairly clear he’s never played poker or has and is baffled by the rules.
It’s like he’s NOT a deal maker, but some kind of absolutely unqualified idiot!
mostly to china, as they have the most leverage right now. russia is heavily codependant on USA surprisingly.
He needs a W and has pissed off anyone capable of giving him one.
Do not back down China! I love to see that dumbass flounder like the fat toxic fish he is.
It probably goes without saying at this point, but deporting someone to a culture in which they’re not competent is wildly immoral, and doing so in such a way that they end up encarcerated in subhuman conditions especially despite not committing a crime in that jurisdiction is monstrous.
Fart of the seal 🦭💨
FAFO.
Jesus Christ Donald Trump sucks.
Trump and Jinping are playing a game of chicken and Trump has already slammed on the brakes while Jinping still has 1000m of track left in front of him.
If I were them, I wouldn’t make a deal either - Trump had to be reminded by all the big box giants just how much he needs cheap Chinese goods to keep the shelves stocked. They have all the power and hold a shit ton of US national debt so they can wait out a trade war indefinitely while Trump will use any tariff profits to bail out farmers and other industries impacted by them not being able to sell to China at a 140% markup or whatever they set their nonsensical made-up tariff rates at.
Trump will use any tariff profits to bail out farmers and other industries impacted
I remember when UK right wing lying populist Boris Johnson (who only really cares about himself) promised to bail out farmers and other industries adversely affected by his insane isolationist Brexit policy.
Here’s US right wing lying populist Donald Trump (who only really cares about himself) and you think he’s gonna bail out farmers and other industries adversely affected by his insane isolationist global trade war policy?
Why would he do that?
What have farmers got to offer Trump?
Yeah, a Trump never pays his bills, so why would he start paying other people’s bills?
Trump didn’t pay them, the American public did with the tariff revenue. He has absolutely no qualms spending other people’s money on stupid shit, especially if it makes him look good in their eyes. He would never directly pay for anybody’s relief.
Why would he do that?
It’s not why, but when. He already did this during his first term, the first time he started a trade war with China (which he lost).
He didn’t bail out the farmers because he actually cares about them, but because there was an election in 2020 that he was trying to win and needed their support.
Remains to be seen if he will bother to help them again this time. He’s talking about a 3rd term and other frightening shit, but his second term has been moving so fast that I’d like to think he doesn’t care about what the public thinks anymore, he just wants to extract as much value of of the position as possible.
If he holds another election it’ll be like a Russian election. You know, where it doesn’t really matter who you vote for, Putin wins anyway.
Trumps tactics only work on weak people like himself. In addition to that is china’s history of dealing with others.
VIXY all the wayyyyy baybay
