China is losing the tariffs war and retreating as fast as it can

• They are in the huge piles of containers that missed the April 9 tariff deadline, sitting in Chinese ports. These are filled with goods that the tariffs have priced out of the US market. Meanwhile, cargo bookings for container voyages between China and the US are down by half.
• They are in deserted factory floors all along the coast of China, where workers are being laid off by the tens of thousands. Textile, toy, electronic, and furniture factories are just a few of the industries being crushed by the tariffs.
• They are in the empty streets and shuttered shops of the surrounding industrial towns and cities, whose one-time customers — the now unemployed factory workers — can’t afford to eat or shop in their favorite noodle stand or convenience stores.

anatta said:

some empirical data

Despite their denials, China is losing the tariffs war and retreating as fast as it can

Beijing’s biggest worry is not a tariff recession, but the social unrest that will follow.

nypost.com

The Korean press has confirmed that “the United States and China have begun behind-the-scenes contact in relation to the ‘tariff war,’ ” and a high-ranking Chinese delegation was photographed entering the US Treasury Department in the early morning hours of April 24.

• They are in the huge piles of containers that missed the April 9 tariff deadline, sitting in Chinese ports. These are filled with goods that the tariffs have priced out of the US market. Meanwhile, cargo bookings for container voyages between China and the US are down by half.
• They are in deserted factory floors all along the coast of China, where workers are being laid off by the tens of thousands. Textile, toy, electronic, and furniture factories are just a few of the industries being crushed by the tariffs.
• They are in the empty streets and shuttered shops of the surrounding industrial towns and cities, whose one-time customers — the now unemployed factory workers — can’t afford to eat or shop in their favorite noodle stand or convenience stores.

America is by far China’s largest customer, absorbing about one-sixth of China’s exports. If the tariffs stay in place for any length of time, economists estimate that 80% of China’s goods will be priced out of the American market, representing a loss of almost $400 billion.

As many as 10 million Chinese workers might lose their jobs over the next few weeks, says Treasury Secretary Scott Bessent, a number that could easily double in the months that follow as the ripple effects of the slowdown tear through the economy.

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Airyaman said:

Lol.

US consumers will have to pay more and face shortages and MAGA thinks that's winning.

Lol.

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dmpi said:

Pay more taxes? last time I checked somebody still has to fund the goverment. Funny that liberals have finally found a tax they didn't like.

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Airyaman said:

Who said anything about taxes?

Oh, I see, you admit tariffs are taxes.

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dmpi said:

Where do tariffs go? Go to the goverment. I think we all know that except for the masses of whiners who keep complaining.. Gee.. who might that be?

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StillBallin75 said:

Lmaooo citing an NY Post opinion piece.

There are NO WINNERS in a trade war, but the ABSOLUTE victim of this trade war will be the American consumer.

I have yet to find one right winger who can coherently articulate why this trade war is being fought in the first place, how we were being "ripped off," and what an endgame would look like.

Cause the reality is that Trump can't even articulate it other than the dude is just a true believer in tariffs.

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dmpi said:

Where do tariffs go? Go to the goverment. I think we all know that except for the masses of whiners who keep complaining.. Gee.. who might that be?

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Airyaman said:

Seriously, what does a "trade deal" with China entail? Are we going to force them to buy overpriced American goods? Are we going to force them to charge more for their own goods so we buy less of them, thus "fixing" the trade deficit?

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dmpi said:

Pay more taxes? last time I checked somebody still has to fund the goverment. Funny that liberals have finally found a tax they didn't like.

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Airyaman said:

Well, taxes were a bad thing according to "conservatives" until Trump came along...

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rickc said:

Conservatives have found a tax they like. It will mostly be paid by the poor and working class. Those that haven't been paying much if any income tax.

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Mycroft said:

Trump knew this would always happen.

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StillBallin75 said:

Lmaooo citing an NY Post opinion piece.

There are NO WINNERS in a trade war, but the ABSOLUTE victim of this trade war will be the American consumer.

I have yet to find one right winger who can coherently articulate why this trade war is being fought in the first place, how we were being "ripped off," and what an endgame would look like.

Cause the reality is that Trump can't even articulate it other than the dude is just a true believer in tariffs.

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anatta said:

some empirical data

Despite their denials, China is losing the tariffs war and retreating as fast as it can

Beijing’s biggest worry is not a tariff recession, but the social unrest that will follow.

nypost.com

The Korean press has confirmed that “the United States and China have begun behind-the-scenes contact in relation to the ‘tariff war,’ ” and a high-ranking Chinese delegation was photographed entering the US Treasury Department in the early morning hours of April 24.

• They are in the huge piles of containers that missed the April 9 tariff deadline, sitting in Chinese ports. These are filled with goods that the tariffs have priced out of the US market. Meanwhile, cargo bookings for container voyages between China and the US are down by half.
• They are in deserted factory floors all along the coast of China, where workers are being laid off by the tens of thousands. Textile, toy, electronic, and furniture factories are just a few of the industries being crushed by the tariffs.
• They are in the empty streets and shuttered shops of the surrounding industrial towns and cities, whose one-time customers — the now unemployed factory workers — can’t afford to eat or shop in their favorite noodle stand or convenience stores.

America is by far China’s largest customer, absorbing about one-sixth of China’s exports. If the tariffs stay in place for any length of time, economists estimate that 80% of China’s goods will be priced out of the American market, representing a loss of almost $400 billion.

As many as 10 million Chinese workers might lose their jobs over the next few weeks, says Treasury Secretary Scott Bessent, a number that could easily double in the months that follow as the ripple effects of the slowdown tear through the economy.

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anatta said:

some empirical data

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Callen said:

That's not empirical data, it's speculation.

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anatta said:

some empirical data

Despite their denials, China is losing the tariffs war and retreating as fast as it can

Beijing’s biggest worry is not a tariff recession, but the social unrest that will follow.

nypost.com

The Korean press has confirmed that “the United States and China have begun behind-the-scenes contact in relation to the ‘tariff war,’ ” and a high-ranking Chinese delegation was photographed entering the US Treasury Department in the early morning hours of April 24.

• They are in the huge piles of containers that missed the April 9 tariff deadline, sitting in Chinese ports. These are filled with goods that the tariffs have priced out of the US market. Meanwhile, cargo bookings for container voyages between China and the US are down by half.
• They are in deserted factory floors all along the coast of China, where workers are being laid off by the tens of thousands. Textile, toy, electronic, and furniture factories are just a few of the industries being crushed by the tariffs.
• They are in the empty streets and shuttered shops of the surrounding industrial towns and cities, whose one-time customers — the now unemployed factory workers — can’t afford to eat or shop in their favorite noodle stand or convenience stores.

America is by far China’s largest customer, absorbing about one-sixth of China’s exports. If the tariffs stay in place for any length of time, economists estimate that 80% of China’s goods will be priced out of the American market, representing a loss of almost $400 billion.

As many as 10 million Chinese workers might lose their jobs over the next few weeks, says Treasury Secretary Scott Bessent, a number that could easily double in the months that follow as the ripple effects of the slowdown tear through the economy.

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ColdHardTruth said:

The Post is not a valid source.

You know this.

Please find a valid source and try again.

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anatta said:

the conclusion is opinion, the article is factual

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BirdinHand said:

Tariffs most directly will impact the Americans who have the least amount of money to spare.

A working class American who can barely keep their head above water will now find themselves paying more for items they need.

And you find this “winning”?


Jesus the idiocracy of how MAGAs twist themselves into pretzels to try to “own the libs” and defend Trump is astounding.

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Lex Talionis said:

This is some grade A ball washing right here. He didn't know shit and he certainly couldn't predict the outcome.

I am happy that the outcome might be positive, considering where we were a few weeks ago, but please; spare us the bullshit that President Trump knew what he was doing.

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