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 ...
That’s okay. That cheap stuff never lasts more than a year other than “Roborock “ vacuums.
At any rate we are their biggest customer, and if they want to avoid financial collapse they are going to need to adjust their expectations going forward. Otherwise, S. Korea, Vietnam and a host of other nations can easily fill China's shoes, along with increased domestic manufacturing in the US.
Xi and Trump might have to *gasp* negotiate.
I believe that USA sales to China are 3.6%? Is that correct? WHO gets hurt?
You mean less cheap. Made in the USA coming back!!!
China isn’t used to resolve from America. If China chooses to keep the trade war going, the result will be minor irritation for the American consumer, while Chinese companies watch their warehouses fill with unsold cheap crap.
“ no one parks in their garage, and every neighborhood has a storage facility nearby for all the junk that won’t fit in people’s houses. A materialism diet would do some good.”
Some cities have large organized swaps like ski equipment swaps or baby equipment swaps. All the stuff that’s in garages and storage units could be re-sold or given away. We really don’t need to buy much of anything.
How can they save face? I dont see them backing down
How can they save face? I dont see them backing down
I bought a $20 electric sander at Harbor Fakes. It lasted about 10 hours of solid use. I bought another one. The same.
I’ll be sad to not to see any more chinesium metal. /s
“How can they save face? I dont see them backing down”
Same way any politician saves face, negotiate, make a deal, claim victory.
What’s next?
China loses their biggest market: the U.S.
So...we cant do without smart phones or video games and cheap junk batterys?
We cant make them here?
WHAT..IN..THE?!
Be best if we go through a depression.
Learn the hard way we dont need that garbage.
We stop buying the cheap crap our landfills with breathe a sigh of relief
China’s economy is a house of straw.
We can live without plastic crap.
“We stop buying the cheap crap our landfills with breathe a sigh of relief”
Be a real shame to buy quality products and just keep them.
I grew up on a ranch. Buy something good and use it until it ceases to be fixable. If it’s not fixable, don’t buy it. If it fully ceases to function, find another purpose for it.
When dealing with the Chinese government, never ever forget that they are less rational than a 13 year old girl. They are petulant, they care only about appearances, and they care nothing about their nation or its people. Act accordingly.
Explain us this..
Is it so bad that up to now, there is just about ONE TRILLION DOLLARS..of investment of companies coming back home.
ONE FRIGGAN TRILLION!
And increasing.
Aside from that. I wonder what is being reinvested into the UK? The EU?
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