Posted on 04/25/2025 10:58:49 AM PDT by DFG
President Donald Trump told Time magazine in an interview published Friday that genocidal Chinese dictator Xi Jinping called him to discuss trade negotiations — a day after the Chinese Foreign Ministry claimed any reports of such negotiations were “fake news.”
China and America are embroiled in an ongoing trade conflict that began when President Trump announced a plan to overhaul America’s trade relations with all economic partners. On April 2, Trump unveiled a list of tariffs imposed on nearly every country that exports goods to the United States, including a 34-percent tariff on China. The White House later told reporters that every country on the list except for China had begun negotiations to build a more favorable deal with the United States and, as a result, the tariffs on those countries would be postponed for 90 days. The Trump administration simultaneously increased tariffs on Chinese goods to 145 percent and ended a commerce loophole known as de minimis that Chinese e-commerce companies had long exploited to ship items directly to American consumers, allowing them to avoid duties, tariffs, and anti-slavery laws in the United States.
The Chinese Communist Party has reacted aggressively to the policy change and claimed to refuse any negotiations that would result in a more favorable trade situation for Washington. Beijing also began threatening third-party countries this week not to attempt to renegotiate their own economic relationships with the United States or face unspecified “consequences” from the world’s second-largest economy.
Contrary to the obstinate public image that the Chinese regime has projected on the issue, President Trump told Time in an interview, published Friday but taking place on April 22, that he has already heard from Xi.
(Excerpt) Read more at breitbart.com ...
Apples announcement of moving production to India has spooked him.
China needs US demand, it can’t replace it anywhere else.
I look for the de minimus to be put back in place soon, so we can continue to get our cheap chinese s#it.
Not sure what to make of this.
Here’s the Kyle Bass (Big Short) take on China Trade:
The US will likely outlast China in the trade war, according to Kyle Bass.
The “Big Short” investor said he believes China’s economy is feeling more pain from tariffs than the US.
He thinks trade talks with China are happening, even though China has denied negotiations are taking place.
China already removed the tariffs this morning for Semiconductors and other products so yes Trump is winning this battle
Just for fun, ask GROK to make a picture of Donald Trump dog walking Winnie the Pooh.
Apple’s announcement of moving production to India has spooked him.
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Apple is not the only US maker of cell phones in China.
China needs US demand, it can’t replace it anywhere else.
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They can retool factories to make products to be consumed in China, but it might take time.
In the long run, producers consume. The Chinese are producers. If the US keeps printing money, it does not need to produce as much. Take away from the government its ability to print money and the US will be a producer again.
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