China is losing the tariffs war and retreating as fast as it can (2 Viewers)

[Uncensored2008]

Are the Marxists in the room with you currently?

No, but they are posting some of the most hypocritical idiocy imaginable on this message board

Your posts demonstrate a paranoia regarding Marxists. I honestly feel bad for you

Your posts demonstrate unhinged levels of fraud and hypocrisy.

Yes, you hate Trump, Yes, you love the party and China. No, consumption taxes such as tariffs don't hit those who consume the least, hardest.

Do you ever THINK about the talking points you are fed before posting them here?

 

[VanceMack]

That's right, the same ****ing idiot who filed for bankruptcy 5 or 6 times.

The same clown who thought bleach would get rid of covid.

View attachment 67568271

Its ****ing hilarious when people STILL shit themselves over "5 bankruptcies". Dood...there are owners of single businesses that file bankruptcy numerous times. You are talking about a corporation with over FIVE HUNDRED businesses over a 4 decade span that operates globally and has employed and given careers to millions.

 

[CaughtInThe]

What's the most funny is MAGAs saying shit and thinking that sane people will believe them.

 

[VanceMack]

China and others (and especially the rat party) are counting on the media to spin tales of woe and pander to the eager stupidity of leftists to force the tariffs to fail. Fortunately, what is being shown is that the tariffs are in fact working, and that those countries impacted...the countries that have long held tariff and trade imbalances...are in fact coming to the table to renegotiate deals.

The most sickeningly comical part in all of this is that it is the steady stream of usual suspects...the typical TDS deranged leftists...that are praying for FAILURE...because they believe it will hurt Trump politically...and don't give a **** about the consequences of THEIR support. Leftists gleefully shooting holes in the bottom of their boat HOPING it will sink, all to try to hurt the bad orange man that is STILL grabbing them by the *****...all these years later.

 

[Lex Talionis]

The board Stalinist view "truth" as that which serves the interests of the party. That which is in opposition to the party is "lies."

Fact and reality have no meaning to democrats, only the party matters.

I bet you're a hoot at parties.

 

[ColdHardTruth]

it's hilarious you attack the NYP as source, when if you had any comprehension the "laptop" story was broken by the Post.
virtually every other source - including LW swill- agrees the story of Hunter and the Biden family grifters is fact

Normally I wouldn't bring this up, but since you seem to constantly decry any source not LW, maybe you'll get a clue

Doesn't matter.

The post is owned by Rupert Murdoch. Murdoch is as self-confessed lying sack of shit.

NOTHING he owns can be trusted.

 

[Uncensored2008]

Judging from your posts you seem to be unaware about exactly what products from China have had tariffs applied to them.

Enlighten us..

The reality is that those who have the least disposable income spend their money on;

1. Rent. Americans do not rent from China and there is no tariff on housing
2. Food. Americans do not buy food from China and there is no tariff on basic food goods
3. Utilities. Americans do not get electricity or internet service from China and there is no tariff on utilities - there ARE heavy taxes, virtually all imposed by the left - but none of the drones here will oppose those
4. Gasoline. Americans do not buy gas from China and the tariff on oil was put in place by Barack Obama.

The reality is the bullshit talking points regurgitated here are intended to protect Communist China and their democrat vassals. This nation ran on tariffs as the means of funding the federal government from 1784 to 1914. It was Socialist Woodrow Wilson who pushed the income tax on America - lying, as leftists alway do, that it would be "voluntary."

If Trump succeeds in ending the income tax for those earning less than $200,000 a year, then your party, and the left in general, is done.

 

[Uncensored2008]

Doesn't matter.

The post is owned by Rupert Murdoch. Murdoch is as self-confessed lying sack of shit.

NOTHING he owns can be trusted.

I mean, ONLY the party should be allowed speech or the press. Uber Alles democrat.

 

[Uncensored2008]

I bet you're a hoot at parties.

Not the ones board leftists attend, that include firebombing Teslas...

 

[Callen]

The reality is that those who have the least disposable income spend their money on;

1. Rent. Americans do not rent from China and there is no tariff on housing
2. Food. Americans do not buy food from China and there is no tariff on basic food goods
3. Utilities. Americans do not get electricity or internet service from China and there is no tariff on utilities - there ARE heavy taxes, virtually all imposed by the left - but none of the drones here will oppose those
4. Gasoline. Americans do not buy gas from China and the tariff on oil was put in place by Barack Obama.

They also buy clothing , sneakers, cheap baby needs, cheap household goods all the things dollar stores and Walmart sells all of which are highly tariffed. Additionally you are wrong about food , there is flat out 10% tariff on all goods from all countries so most fruits, vegetables, coffee, chocolate etc, anything coming from another country is tariffed.

What they don’t buy are fancy electronics but the well off aren't concerned because they aren't tariffed.

 

[anatta]

Frankly, from a purely professional point of view, the upper ranks of the PRC's government allowing Xi to keep his grip on power is surprising. For decades, the PRC is one of two governing entities I had to maintain an updated file on and I can state that the PRC upper ranks are some clever-clever folks. But this time around I am confused. But I am lucky, as I am essentially retired and hope to stay that way until - - - well, we don't know when "until" will happen. Was supposed to happen a few years ago and it didn't.

One thing, though, when change in that most upper slot takes place in the PRC there will be few expecting it. Not this time.

The Power – and Limits – of Xi Jinping

Xi may have more power than any Chinese leader since Mao Zedong, but even he can’t fully implement his policy preferences.

thediplomat.com

When Xi Jinping came to power, he had the mandate to centralize power. Many CCP seniors viewed the Hu era as chaotic and corrupted, and the Bo Xilai scandal further cemented their view. They diagnosed the problem as a weak leader who could not effectively control the CCP. Therefore, they believed that China needed a decisive leader with centralized power to tackle China’s emerging problems, such as inequality and corruption.

However, Xi went so far as to obstruct the previously established rules and become unrestricted by any norm, institution, or senior. He swept away term limits and opened the possibility for life-long tenure. He also ended the two-faction system by packing the Politburo Standing Committee with his confidants. The fact that he took away both Deng Xiaoping and Jiang Zemin’s “core leader” title in the third History Resolution, especially when Jiang was still alive, further demonstrated his unmatched power.

As a result, Xi has amassed power to an extent unmatched since Mao’s death.

 

[Callen]

As a result, Xi has amassed power to an extent unmatched since Mao’s death.

Which is why he will outlast Trump. Trump only dreams of the control over citizens Xi has. Americans will not put up with high prices and empty shelves, they simply won't and Xi knows it. So does Trump which is why I think he will lower the tariffs substantially to get China to the table.

 

[Lovebug]

Trump knew this would always happen.

The question now is this: Will the negotiations work? Will China try to get Trump to reduce the tariffs, while they slow walk the negotiations? Will Trump allow that to happen?

Could you explain, in detail and in your own words, how these tariffs will benefit us?

 

[Lovebug]

ROFL

What's sad is that really is the best you can do. Your dream and desire of America failing comes crashing down, yet again...

We are failing, courtesy MAGAs and their felon.

 

[Uncensored2008]

We are failing, courtesy MAGAs and their felon.

You mean you democrats are failing in your war to end America?

Yes, you certainly are.

 

[CaughtInThe]

Okay, let me tip off a bunch of you MAGA posters. The ones who have never been in Corporate America, had responsibility or have only been in small businesses.

When a customer, manufacturer or vendor comes at you with a logical proposal, you read it and evaluate it and have your staff figure out if it is beneficial for your company. Sometimes you make the right decision sometimes you don't. Sometimes it's a multifaceted decision. Sometimes it benefits both entities.

If those same entities come at you hard you normally, at least under your breath, tell them to **** off. And then you pacify them as best you can if you really need them. If you don't need them you potentially move on.

And many times you play the waiting game. To see if the asshole will move on to something else. If he/she/they don't then you fight back in many different ways and sometimes in ways that the asshole(s) don't even notice. At that point you'll lie/stretch the truth/ change rates/etc if need be. That's how business works

That's just the tip of the iceberg. A tiny bit of education for free this morning.

 

[maxparrish]

Xi and Trump are going to collapse into each other and lower the tariffs by at least a half.

Xi still comes out of it screwed.

CCP is suffering uncontrollable deflation so even with lower tariffs for Chinese paltry consumption they're not buying. Chinese people haven't been buying for a long time now without US tariffs. They have lost confidence in Xi's leadership of the economy. Which puts the CCP-PRC in serious straits.

It's long been fact that in a tariff war the debtor nation wins. It's also fact it's the debtor nation that starts a tariff war because the debtor nations knows it has the upper hand. Yes, each nation suffers -- but it's the debtor nation that gets its way in the end.

The mantra that both sides suffer in a tariff war that nobody wins is false. Yes, both sides suffer but it's the debtor nation that has the advantage from the start to the finish. The risk specific to Trump is that the idiot is taking on the whole world too and simultaneously.

The claim that “in a tariff war, the debtor nation always wins” is false as a generality, and very context specific. Economic theory, history, and empirical studies show that tariff wars typically harm both debtor and creditor nations, with outcomes depending on specific conditions rather than debtor status. And mutually significant losses are the dominant outcome.

And America's Trump lemmings "getting their way" is not synonymous with winning, unless of one's idea of winning is economic self-destruction. Be reminded, the US ability to sustain massive borrowing to meet its federal budget obligations is dependent on the faith that the US as a reserve currency is stable - even a hint of losing that credibility results in exactly what we saw in the bond market that threatened to create a fatal crisis and economic disaster for the US and others - even a dunderhead like Trump finally got that.

Still, I do agree in one respect, regardless of who is or is not a creditor or debtor nation; if one is to get in a tariff fight it is far better to focus on one nation than the world. And it is far better to focus on those export items that can be produced (or shifted) to non-tariffed countries - isolating the tariff target, without penalizing the consumer as much in the longer term.

 

[Tangmo]

The claim that “in a tariff war, the debtor nation always wins” is false as a generality, and very context specific. Economic theory, history, and empirical studies show that tariff wars typically harm both debtor and creditor nations, with outcomes depending on specific conditions rather than debtor status. And mutually significant losses are the dominant outcome.

I've noted this in every post I've made about Trump's anti-CCP tariffs since he began some of 'em in 2018. Each side in a two country trade war suffers pain and discomfort. The key is that the debtor country which of course is the USA, has the sustainability in a trade war the CCP does not have. Chinese GDP of $19 Trillion is very distant from USA GDP that has entered $30 Trillion.

USA consumers of Canadian lumber have been paying Trump's 40% lumber war tariff since 2018 which has affected the high price of housing and construction that contributed to Trump's '24 reelection to lower prices which as we well know Trump is not doing. We know Trump's instinct is to raise prices which he is doing a hundredfold in his grand spray of tariffs in all directions that jeopardizes his clout against Xi Jinping.

The dominant specific of Xi's CCP economy -- that no one here acknowledges -- is its severe and uncontrollable deflation that is all on Xi the Maoist as far as the people are concerned of the People's Republic. Xi is the absolute boss of the China economy that is tanking. The bottom line in this two country trade war is that Trump has Xi by his dumplings.

 

[Tangmo]

And America's Trump lemmings "getting their way" is not synonymous with winning, unless of one's idea of winning is economic self-destruction. Be reminded, the US ability to sustain massive borrowing to meet its federal budget obligations is dependent on the faith that the US as a reserve currency is stable - even a hint of losing that credibility results in exactly what we saw in the bond market that threatened to create a fatal crisis and economic disaster for the US and others - even a dunderhead like Trump finally got that.

Yes, Trump finally was spoon fed the Jay Powell Fed business of the USD as the global reserve currency and the dominant currency of global international trade nation by nation, investor by investor.

The Brics countries are laugh riots as they often trade in their own currencies then have to turn around to buy USD to get their real value from the trade transaction, and to add to the central banks' forex reserve dominated by the USD. This include providing their own banks with USD cash.

A single universal global currency with a global central bank that is not the currency of any nation is impossible, inconceivable and laughable. Likewise, no single nation except the USA can provide the single national currency that is accepted, viable and the final settlement in all things at all times.

Trump the wildman village idiot deposited into the Oval by moron voters has been duly fact slapped about all of this. Trump has for the moment moved on to other things such as demolishing the federal judiciary which is going equally badly for him and His MagaMericans.

 

[anatta]

Which is why he will outlast Trump. Trump only dreams of the control over citizens Xi has. Americans will not put up with high prices and empty shelves, they simply won't and Xi knows it. So does Trump which is why I think he will lower the tariffs substantially to get China to the table.

well those "empty shelves" aren't going to happen right way. This thread show how China has more to lose ( maybe 2.9% of GDP which is equivalent to what they export to the USA) and Xi has his own internal pressures not to let China continue deflation ( see below)

https://swarajyamag.com/economy/chinese-economy-a-fragile-giant-behind-the-roaring-dragon

 

[Callen]

well those "empty shelves" aren't going to happen right way. This thread show how China has more to lose ( maybe 2.9% of GDP which is equivalent to what they export to the USA) and Xi has his own internal pressures not to let China continue deflation ( see below)

I'm not arguing who has more to lose. I'm simply saying that Xi's control over his citizenry is such that the people of China can outlast the less stoic citizens of America. The Chinese will have no choice but to put up with the hardship, Americans won't put up with it.

 

[CaughtInThe]

 

[BirdinHand]

No, consumption taxes such as tariffs don't hit those who consume the least, hardest.

Do you ever THINK about the talking points you are fed before posting them here

The individuals that consume the fewest products often don’t have the money to spend to consume more.

So the impact is felt the hardest because they have the least amount of extra money (or money in general) to spend.

I’m sorry you don’t understand the concept of regressive taxation.

 

[Uncensored2008]

I'm not arguing who has more to lose. I'm simply saying that Xi's control over his citizenry is such that the people of China can outlast the less stoic citizens of America. The Chinese will have no choice but to put up with the hardship, Americans won't put up with it.

The key is understanding what KIND of goods America gets from China. China sells nothing that can't easily be sourced from other countries. The effect is twofold, the immediate loss of capital influx, as well as the long term loss of market share. The point being that the Americans won't have to "outlast" anything, we sill simply shop elsewhere. China can't "outlast" a market shift, as once sourcing changes, it will never come back.

 

[Uncensored2008]

The individuals that consume the fewest products often don’t have the money to spend to consume more.

Then the idea that they will carry the biggest burden for tariffs is absurd on the face/

So the impact is felt the hardest because they have the least amount of extra money (or money in general) to spend.

Again, tariffs on China affect disposable consumer items, not necessities.

Your talking point fails

I’m sorry you don’t understand the concept of regressive taxation.

It's simply that the talking point the hive has fed you to recite is flat out stupid. You grasp that now, but are emotionally invested and can't back off it. Further I again point to the strong support Marxists here and elsewhere have for regressive taxes on gasoline, a necessity.

Nor on cigarettes, which are almost exclusively consumed by the lower income populace, nor on cell phones, internet service, et al.

Not only is your talking point stupid, it's hypocritical.