Posted on 04/07/2025 9:36:23 AM PDT by Beave Meister
Yesterday, China issued Retaliatory Tariffs of 34%, on top of their already record setting Tariffs, Non-Monetary Tariffs, Illegal Subsidization of companies, and massive long term Currency Manipulation, despite my warning that any country that Retaliates against the U.S. by issuing additional Tariffs, above and beyond their already existing long term Tariff abuse of our Nation, will be immediately met with new and substantially higher Tariffs, over and above those initially set. Therefore, if China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose ADDITIONAL Tariffs on China of 50%, effective April 9th...
(Excerpt) Read more at truthsocial.com ...
“Yes, but there is no way that Xi can allow himself to lose face”
Great point. Losing face is huge in china.
Dropping tarrifs between our countries is a way out.
“What do the Chinese buy from the USA anyway?”
google it
Bob Ireland incisively posted: Most countries are wisely
choosing to renegotiate with the U.S. over tariffs.
So why is the market going super nova?
The key is CHINA! ! ! China maintains high tariffs against us PLUS they do currency manipulation, devaluing the yuan against the dollar. China brags about its status as a world power... but China depends heavily on plundering our country. During the Clinton Admin our deficit was a little less than $50 billion a year. Now it is about $1/2 trillion a year.
Add to that the theft of intellectual property, capturing U.S. patents, pirating U.S. business secrets; some estimate that our current trade deficit is probably about $1 trillion a year.
They have the world’s largest navy; they have perhaps 1/4 - 1/2 million troops. Those troops have to be fed and supplied. Those ships need fuel, parts and regular maintenance. Ammunition and rockets and missiles are regular ongoing expenses.
China is still heavily dependent on collecting dollars to maintain its world power status. They are putting undue pressure on all their ‘allies’ in this country to make Trump look like he is in a losing position. China raised its tariffs and fees on U.S. property. It is all out: defeat Trump’s tariffs! China has undue influence on the U.S. Senate - who has just tried to pass a bill to override Trump’s tariff agenda. They have avenues to attempt at least some stock market manipulation.
It is all out for China for one simple reason: THEY MUST PLUNDER THE U.S. ECONOMY in order to maintain their elevated world status. On the present path China would become the ONLY world power and the U.S. would be economically reduced to Guatemala, etc. - a banana republic.
Will President Trump blink, falter? China is taking that gamble! Stand fast!
We were on a collision course with disaster unless we correct the trade imbalance with China and the rest.
It’s moronic.
Name one thing China cannot mine, make, or import from Europe/ Africa / brics, that it cannot do without, that only the USA can supply.
They could literally put a 50,000% tariff on American goods and just stop buying anything from the USA... And be over the worst of it in months.
Now flip it. Name one thing the USA can make without any import from Europe/ Africa / brics, that it cannot do without, that only the USA can supply. And remember, every time something crosses the US border, Trump wants a tariff applied to the US importer.
Sure, Zimbabwe and a few others are thinking, zero tariffs give them a very marginal benefit on exports but the question you should be asking is, what American goods can Zimbabwe reasonably afford to buy, that it cannot get from anywhere else... Cheaper?
Or, another way to look at it: Russia and North Korea are notoriously protectionist and yet neither of them are capable of making washing machines or cars or televisions for export.
DEXP televisions in Russia are basically resellers, dependent on Chinese parts and Taiwanese knowhow. They’d be mad to tariff China, it’d practically kick them back to selling 1080p televisions instead of 4k.
Back in the day, you could get cars from the Eastern side of the Iron Curtain, in Europe. Yugo, Skoda, Lada. But you were desperate.
A school friend of mine refused to get in his dad’s car, which was a Zastava... Not because of bullying (nobody really knew what it was) nor because it was from the Eastern Bloc, but because it was we had to go across fields and farm tracks. We both used to get lifts across fiekds in the back of a Land Rover with wooden benches and I’m telling you right now, even that was more comfortable than the bloody Yugo. Every few weeks, his dad’s Yugo needed fixing.
I doubt it’d be that bad for the USA if it goes America First on cars, but it’ll be a cold day in hell before anyone in a city like London, York, Tokyo or Rome buys a wide American muscle car because they’ve got the turning circle of a battleship and on a double parked street they’re about as useful as a chocolate fireguard.
That’s why Ford can sell Focuses all over the world without difficulty but it can’t sell muscle cars in their European dealerships. There’s simply not enough interest.
Anyone who wants a left hand drive Ford pickup in a right hand drive country goes to a specialist importer, not to their nearby Ford dealership. This isn’t going to change even if there are zero tariffs in either direction.
By the same logic, I bet nobody here would be seen dead behind the wheel of a Citroen Ami hatchbacksl even if Citroen opened a factory in the USA and was selling them at $8k a pop.
Yes, typo...
Sadly for China most of us have all of the Chinese goods we will need until we either make it here or find an alternative source. This is a huge opportunity for anyone who is not china.
Exactly, most of their stuff we can live w/o for months if not years.
It’s not just cars with China. you seem to be focused on our cars. You’re probably right when it comes to American Muscle cars. China imports a lot of crap into our country. I would bet that 90% of all items in a Dollar Store is made in China. The amount of substandard steel we import from China is massive. My brother-in-law has a steel company on the south side of Chicago, he’s a Democrat, but he’s also very happy with these tariffs.
We import a lot of products from all over the world, and a lot of these countries have put on massive tariffs on our products is outrageous. That’s why a lot of companies have moved there industries to these countries. Now we can have them move back, pay a little more but at least we’ll have the manufacturing capacity in our country. We as a country cannot sustain the same status quo. We need these tariffs.
A fair point. When will it help Main Street?
I wish he would cool it. Creating a mess with the stock market.
👌🙃 Thanx, Liz!
FOOD is a big part. They can not grow enough rice or raise enough pork to feed their population.
You said above that “you could care less”. Just wondering, if you could, why don’t you?
Yes
ADDITIONAL Tariffs on China of 50%, effective April 9th.
China’s money will more paper to wipe their a** with they need our trade more than we need theirs they depend on our money more than any other country.
Many companies are moving here to help our economy
You asked, soybeans, crude petroleum, and aircraft parts were among the top exports in January 2025, with values of $2.03 billion, $615 million, and $630 million, respectively.
That may well be true, but there’s no need to paint ALL of the USA’s international customers and suppliers as enemies.
I’ve said before, the dairy trade between Canada and the USA is another example of a failure to communicate.
A businessman who is so transactional that they think success is measured by how hard they’re screwing everybody else over for the win, eventually gets a bad reputation. That was always the worry from Trump sceptics when President Trump was elected to his first term.
But it wasn’t like that in POTUS’ first term. He did brilliantly.
President Trump negotiated the quotas and the tariffs with Canada, and both Canada and the USA were very happy with the deal. It wasn’t the only success. He reached rapprochements with people who are notoriously difficult. Even Kim Jong Un.
That’s good business.
Which is why it’s so bizarre that President Trump has gone in like a bull in a china shop. Tariffing China on certain products makes perfect sense; tariffing Reunion Island sugarcane doesn’t, and making Canada out to be dealing unfairly despite complying fully with the deal Trump’s first administration brokered and lauded as a Great Deal doesn’t make sense.
And that’s compounded by all that nonsense about Governor Trudeau and trolling the Canucks with talk about them becoming the 51st state.
Canada didn’t ever express an interest in becoming part of the USA even when the relationship between the USA and Canada was extremely cordial; as if they’d be suddenly more amenable to the idea after two months of hearing relentless verbal abuse alongside a breathtaking misrepresentation of the existing trade deal... By the same guy who hailed its brilliance only a few years ago.
That was a typo. I meant to say I couldn’t care less.
Let’s look at Canada. Our neighbors to the north are terrible neighbors, as far as free trade goes. How many Canadian banks are in the US? BMO Harris, which has thousands of branches all over the US. RBC Bans, CIBC Bank, TD Bank to name a few. These banks have thousands of branches all over the US. Now, how many American banks are in Canada? Zero. They don’t allow it. We should tell them either you allow our banks in your country or we kick your out of our country.
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