U.S. and China agree to slash reciprocal tariffs in major step toward easing trade war (1 Viewer)

[Chomsky]

There’s only 1 reason and that reason is rank hypocrisy at the expense of economic health and resiliency, national security, and geopolitical strategy.

This is ridiculous.

 

[iguanaman]

Good news. Hopefully this shifts some production away from China.

To other asian countries you mean.

 

[Lursa]

Actually, China blinked on April 24th when they started exempting US goods from tariffs after realizing they had no other source.

We did the same thing, and first I think.

 

[Kushinator]

More than anything, I think this is a reaction to the fact that free trade has led to the US financing the rapid growth of a rival nation. They benefit far more from the relationship than we do.

Nonsense. The U.S. is a consumer economy, where as China is an export driven manufacturing economy. Trade is mutually beneficial.

 

[iguanaman]

There’s only 1 reason and that reason is rank hypocrisy at the expense of economic health and resiliency, national security, and geopolitical strategy.

So you want Americans making tube socks instead of good paying jobs in tech that will go to immigrants from India and Pakistan? I think that is Trump's plan. He thinks Americans are inferior workers.

 

[Lursa]

View attachment 67569495

Heh, that's exactly what I wrote

 

[Chomsky]

More than anything, I think this is a reaction to the fact that free trade has led to the US financing the rapid growth of a rival nation. They benefit far more from the relationship than we do.

I kinda' get get that, even if the U.S. is only 14% of China's export market.

But in turn U.S. citizens enjoy a high-standard of living from those goods & materials, including environmental and labour force health & working conditions.

So it's not fair to say "China benefits at our expense". We get a lot out of it too, or we wouldn't be doing it.

 

[Lursa]

And then running towards it...and then backing off...and then running towards it...

Makes you wonder ho much the monied elite are benefitting from Donald's perpetual chaos.

This

 

[Lursa]

So you want Americans making tube socks instead of good paying jobs in tech that will go to immigrants from India and Pakistan? I think that is Trump's plan. He thinks Americans are inferior workers.

Well, he "loves the uneducated" and needs to keep playing to that audience. Yes, he sure does not respect much of his voting base.

 

[PeteEU]

Takes 2 to tango. 90 day pause gives room for negotiations toward a trade agreement

Which will never happen. It is just more distractions from the utter corruption the Trump administration is involved in.

 

[Chomsky]

exactly right

the left hate the success for the USA that Trump brings ... 7 pages here shows it

What "success", Stealthycat? A 30% consumption tax?

It seems to me you're banking on some "success" that has yet to occur. Meanwhile, the additional taxes are here and present.

In addition - if there were to be positive effects coming-out of these events, it has not been shown Trump needed to put us through all this misery to get said effects.

If he's the Grand Negotiator, why didn't he negotiate?

 

[dobieg]

This

View attachment 67569503

From what I heard on CNBC today it was hedge funds and investment banks who sold during the selloff. According to the statistics retail investors stayed put and increased their holdings.


Of course that gets in the way of fantasies of the Left.

 

[stealthycat]

What "success", Stealthycat? A 30% consumption tax?

It seems to me you're banking on some "success" that has yet to occur. Meanwhile, the additional taxes are here and present.

In addition - if there were to be positive effects coming-out of these events, it has not been shown Trump needed to put us through all this misery to get said effects.

If he's the Grand Negotiator, why didn't he negotiate?

was reciprocal what he was after ?

 

[Napoleon]

So you want Americans making tube socks instead of good paying jobs in tech that will go to immigrants from India and Pakistan? I think that is Trump's plan. He thinks Americans are inferior workers.

The tech sector suffers from the same problem as manufacturing and will ultimately meet the same fate. More and more of it is being offshored to India and Asia for the very same reason. Why deal with the legal and economic baggage of the American worker when you can hire someone over there for less drama and comparative peanuts?

 

[Chomsky]

Creating economic dependencies that are impossible to detangle is part of China’s geopolitical strategy. And they’re winning.

China corners the battery energy storage market - CRU Group

Chinese companies have successfully commodified lithium iron phosphate (LFP) batteries for energy storage systems. They are cornering the market with vast scale and super-low costs in the same way they did for the solar PV sector.

www.crugroup.com

https://www.nytimes.com/2006/01/22/business/worldbusiness/china-corners-market-in-a-hightech-necessity.html

China Aims to Corner the Undersea Mineral Market, Too

The race is on to tap the riches of minerals in the high seas.

foreignpolicy.com

Gentlemen, these are all valid points.

But this is not to be conflated with my purchasing my socks or my kids' toys.

If Trump were to target specific critical industries in a non-chaotic & beneficial manner, without disrupting our economy, I and those like me would not just not complain - but give him the credit he's due.

You can't cite righteous general policies, then exclude Trump's destructive actions. It don't work that way.

 

[dobieg]

This morning finished rebalancing our accounts and put all of our cash reserves to work. Not a big fan of buying into a huge rally but the writing is on the wall and sentiment has clearly shifted (except by purpetually grumpy liberals). Fantastic returns today. Will need to go out and buy another couple wheelbarrows for all the money we're making.

 

[Lursa]

From what I heard on CNBC today it was hedge funds and investment banks who sold during the selloff. According to the statistics retail investors stayed put and increased their holdings.


Of course that gets in the way of fantasies of the Left.

"This time," maybe. What about the several yo-yos since this tariff charade started? The trickle down affects people's accounts and retirements, etc.

 

[Plasmaball]

To say nothing about economic (& other) anxiety!

I paused my 401k because of his shit. I just put it back after this news.

I dont need this shit.. sit there, dont get arrested and shut the **** up you know

 

[Chomsky]

Increasing economic output and lowering prices thereby creating an improved standard of living.

If "Trickle Down Economics" worked, one would think after four decades we might have seen it. No?

 

[dobieg]

Gentlemen, these are all valid points.

But this is not to be conflated with my purchasing my socks or my kids' toys.

If Trump were to target specific critical industries in a non-chaotic & beneficial manner, without disrupting our economy, I and those like me would not just not complain - but give him the credit he's due.

You can't cite righteous general policies, then exclude Trump's destructive actions. It don't work that way.

That's a fair point. The only issue some of us have is absolutely nothing of value has been accomplished for decades by engaging in civil, non chaotic trade diplomacy. Perhaps the bull in the China shop approach was needed to get other countries to the table for serious rebalancing of trade policies even with the short term pain and disruptions it would cause.

 

[Plasmaball]

There’s only 1 reason and that reason is rank hypocrisy at the expense of economic health and resiliency, national security, and geopolitical strategy.

You got baited into the con so you can own the libs or whatever you want to troll woth that day

People want cheaper goods. You cant flip the US economy on a dime when you've had 50 plus years of buying cheaper overseas shit.

You people cant govern. You are dogs chasing the car, old people crying about young people being too loud.

 

[dobieg]

I paused my 401k because of his shit. I just put it back after this news.

I dont need this shit.. sit there, dont get arrested and shut the **** up you know

Good job.

 

[ajn678]

Only a MAGA moron would celebrate Trump backing down and kicking the can down the road as a win.
I thought they point of these tariffs was for them to get rid of their tariffs now temporarily pause the new tariffs for 90 days?

 

[Plasmaball]

This is true.



But Americans will never work at the wages or under the conditions of overseas labour. Nor will we pollute our land and air to that level, nor subject our workforce to those manufacturing hazards.

Trying to move various & sundry manufacturing to America is a fool's errand.

Better to focus on science, technology, and IP, while selectively manufacturing in national interest and growing technologies.

Unions and labor laws .
Oh ok...let's just do away with that so people like napoleon can work 80 hours a week, no over time and in unsafe conditions..

****ing labor laws!

Labor laws.

 

[Airyaman]

No, we're talking about free trade among private entities, not China. Companies trade with each other, not countries. Trump has some people confused.


By doing nothing. For 90 days. Again.