Posted on 04/08/2025 7:16:30 AM PDT by RandFan
The trade war between the world's two biggest economies shows no signs of slowing down - Beijing has vowed to "fight to the end" hours after US President Donald Trump threatened to nearly double the tariffs on China.
That could leave most Chinese imports facing a staggering 104% tax - a sharp escalation between the two sides.
Smartphones, computers, lithium-ion batteries, toys and video game consoles make up the bulk of Chinese exports to the US. But there are so many other things, from screws to boilers.
With a deadline looming in Washington as Trump threatens to introduce the additional tariffs from Wednesday, who will blink first?
"It would be a mistake to think that China will back off and remove tariffs unilaterally," says Alfredo Montufar-Helu, a senior advisor to the China Center at The Conference Board think tank.
"Not only would it make China look weak, but it would also give leverage to the US to ask for more. We've now reached an impasse that will likely lead to long-term economic pain."
Global markets have slumped since last week when Trump's tariffs, which target almost every country, began coming into effect. Asian stocks, which saw their worst drop in decades on Monday after the Trump administration didn't waver, recovered slightly on Tuesday.
Meanwhile, China has hit back with tit-for-tat levies - 34% - and Trump warned that he would retaliate with an additional 50% tariff if Beijing doesn't back down.
Uncertainty is high, with more tariffs, some more than 40%, set to kick in on Wednesday.
(Excerpt) Read more at bbc.co.uk ...
So, you double down to posting from another Extreme Left-Wing media source another piece of propaganda and left-wing lies!
Good Job!
I post the news.. and abide by the rules
Asset stripping
Asset stripping involves acquiring a company primarily to sell its assets for profit, rather than running the company's operations for long-term growth. This practice can lead to significant job losses and can strip a company of its valuable resources, leaving it weakened or even bankrupt
” If PRC holds firm and I think that has to be considered the default at this point, what’s next? “
Just how long do you think China can last, with no cash flow, and 1000’s of container ships sitting loaded in their harbors, with nowhere to go?
Hold firm? They have zero leverage to hold firm. Their entire economy is based upon bulk shipping to the U.S.
Trump knows this won’t last long.
Stop with the short term thinking and panic. Tariffs and re industrialization is the LONG game. Very long game.
Or not. Silly to knee jerk like these paid trolls want is to do.
Good points. We shall see.
India will make it for us. Or Nigeria. A lot of tech manufacturing has to move out of China anyway due to sanctions.
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