An attack on China is an attack on US allies that supply China with resources. Australia hasn’t fully woken up to this bastard act with our little 10% tariff and history of acting like a 51st state but we might be as fucked as Canada before sanity returns to the US.
China can’t beat the US in this battle but all they have to do is endure the pain and wait for the US to lose interest. So ultimately China wins. But we all lose through this stupidity (probably shouldn’t really call it stupidity as it diminishes any bad intentions at work here. There are people in this admin who should understand the consequences). Fuck Trump and his administration and the Republican party and their voters and the apathetic fuckwits who didn’t vote. No single person is responsible for this and no single person can fix it. People need to man the fuck up and fix the shit they have unleashed.
I imagine China can not only win this but come out with the worlds reserve currency.
I disagree on that. The Euro is the second most widely held currency and is a more obvious choice. Working constructively with China is economic reality. Submitting to them is unnecessary. This isn’t post-WW2. I don’t think we need a single reserve currency.
There is no doubt China is going to benefit greatly. A huge number of developing countries have been deserted by the US that first walked away from soft power through US Aid then penalised the poorest countries with outrageous tariffs. China has been by far the smarter player.
I’m glad I moved out. Now I’m in a country where Chinese made stuff are plentiful, of good quality and cheaper than they ever were in the US. I get to keep more of my paycheck.
Magats are rationalizing this shit already and saying it’s fine so don’t hold any hope in them ever coming back to reality
Please China, slap back with an even higher number. See if you can out bluff the annoying orange. I feel like American consumers are way more reliant on Chinese stuff than China is relying on American goods.
local tyrant shoots self in foot, claims trade deficit with guns
Hahaha… China needs US consumers far more than US needs Chinese consumers.
There’s a 200 billion+ trade deficit from China…
Edit: 300 billion
this isn’t about needing consumers. it’s about needing imported goods. how much does the US need things imported from China and how much does China need imports from the US?
also what … how does the US not need Chinese consumers, it’s a ginormous market, have you been sleeping for the last couple of decades where every big American company has been specifically marketing to China?
I highly doubt that, the rest of the world buys stuff from a China like crazy as well. They should be able to send the stuff elsewhere instead quite easily. What you’re saying sounds just like something the orange idiot would say.
Sure. But they sell a huge amount to the US. And this is about a trade deficit between US and China. This one hurt the US like it will China - US can buy similar goods elsewhere, while the rest of the world can’t compensate for the loss of sales to the US - they’re already purchasing what they need.
I mean this is basic economics, and you all act like China can magically come up with new customers.
The current effective tariff on Chinese goods is 104%, and that doesn’t include the tariffs on countries through which China ships. Those tariffs put Xi in a no-win situation. He can’t even afford the 34% Tariff for any length of time, because of the massive overproduction going on. They have manufacturing going to meet demand 6 months from now, to compensate for distribution time. All that stuff will now sit in China, where they don’t have storage capacity for it.
Gives pick me energy and it’s the newest talking point and very annoying. Total exports as a percentage is 15% that china ships to the us.
A deficit doesn’t make it a bad thing. It means we are more of a consumer economy to focus on higher level of jobs.
Yes, the deficit means China has the greater risk. China pushing a tariff on the little they consume from the US means nothing, just because they buy so little.
Basic economics.
China needs US consumers far more than US needs Chinese consumers
Isn’t this the entire calculation that Republicans, and frankly, all free market types have gotten massively wrong?
That’s not how trade deficits work, unless you’ve been drinking the koolaid for far too long.
Its not like the market for Chinese goods goes away because the US consumer has been priced out through self owns. So maybe China takes a bit of a hit? They can raise prices elsewhere to compensate or just take the L. But its no catastrophic game breaking L because literally the entire world buys Chinese goods.
Please go around your house and count what percentage of the things you own say “made in china” on them.
$361 billion as of 2024. But that doesn’t mean they need the US. They’re still doing a lot of trade with the rest of the world. And this won’t be stopping trade entirely, the US will still be importing a lot from China.
They do right now, as their manufacturing is built around shipping 300 billion more to the US than they buy from the US.
If the US suddenly reduces that buying by even 20%, it’s not like they can suddenly sell that elsewhere. “Elsewhere” is already buying what they want. You can’t magically make new consumers appear.
This is literally what their belt and road initative is built to hedge against.
There’s also $36 trillion in offshore tax havens, but I don’t see anybody complaining about that so wtf should we care about 200 billion? How much has USA given to Israel?
I think over the term of the “friendship” over 300 billion dollars
There are far more consumers than producers.
So another way to say it is: US consumers are highly reliant on Chinese producers with few other options. Chinese producers are somewhat reliant on US consumers, but there are options all around the globe.
Really? Let’s see China suddenly ship the next 6 months of produced stuff somewhere else and sell it (because they’ve been making it to allow for shipping time). They’re producing 2025 Xmas stuff now.
Who’s got 500 billion of extra purchasing power right now? (The 200 billion deficit plus current US purchasing)?
Remember, China has hundreds of massive container ships just waiting to dock. Are they going to spend millions on fuel to now send those ships elsewhere?
Ya all crack me up that you actually believe China has any leverage in this conflict. We haven’t even touched on Xi having no ability to back down.
So where will the us get their stuff from?Does somebody else have hundreds of massive container ships ready?
False.
U.S. goods exports to China in 2024 were $143.5 billion, down 2.9 percent ($4.2 billion) from 2023. U.S. goods imports from China in 2024 totaled $438.9 billion, up 2.8 percent ($12.1 billion) from 2023.
https://ustr.gov/countries-regions/china-mongolia-taiwan/peoples-republic-china
From your source, the last sentence is
The U.S. goods trade deficit with China was $295.4 billion in 2024, a 5.8 percent increase ($16.3 billion) over 2023.
Doesn’t that confirm their assertion of a $200B+ trade deficit or am I confused? I’m not particularly economics savvy.
Edit: derp, I reversed the meaning of their comment, they thought the US has the deficit. They got it backwards!
What you just posted indicates there is actually a $300 billion deficit with China, which makes their point even more pronounced. China has much more to lose in terms of wealth from trade with the US.
Trump is still a dumbass and we’re all the losers in this fiasco though. There are legitimate benefits to trade and sometimes things shouldn’t be even.
What is with the down votes? The trade deficit is literally $295 billion for 2024.
deleted by creator
Dear world,
Just fucking embargo us already. Make the GOP remove the fucker from office.
Sincerely,
A desperate American
You have a second amendment precisely for circumstances like this. Clean up your own yard.
Sic Semper some damned Tyrannis already.
This is our mess, probably need to start fucking up magats
What we have right now is the best opportunity to end this administration peacefully by causing a GOP revolt against him. But to do that, we need the world to help make this as painful as possible.
Yeah but I’m not seeing any magats doing anything other than mental gymnastics to convince themselves that this is fine. I think they need to start getting their asses beat down for voting for this shit show and regressing us 100 years at least
You’re well on your way to effectively embargoing yourselves by the looks of it
Make theAmericans remove every GOPremovethe fucker from officehead.ftfy.
We really should be handling our own shit here.
I would but my military doesn’t have nukes
Make the GOP remove the fucker from office.
And replace him with… a more competent fascist? Tariffs are, if anything, lowering the difficulty of getting the fascists out of office by causing real harm to the average person before the Trump regime has consolidated enough power to stop a mass movement. Tariffs are the silver lining in the shit sandwich that is project 2025, and rather than just Trump all the GOP and most of the DNC should be banished from politics effective immediately.
In some ways that’s what Trump wants. If people can’t buy (afford) the item then they will make it in the US. Once tariffs and markup make it profitable to manufacture in the US then someone will make it there.
However if the raw material or components aren’t available or there is a limited supply (export quota from china) then it will never be adorable to manufacture them in the US. China has already cut some exports to the US along these lines.
Well, the problem here is time. Trump (and the electoral cycle tbh) is so goddamn volatile and supply chains take so long to organize, that a change really is as good as a rest in this case. By the time they manage to re-organize supply chains and get new domestic supply off the ground, it’ll be three or four years from now probably, and at the rate things are changing, who fucking knows what things will look like by then. It’s just as possible that all this tariff stuff ends tomorrow as it is to persist, so it’s safer all around to wait and see.
I’m announcing 104% tariffs on wal-mart due to their frankly insane trade deficit with my family: they refuse to buy ANYTHING from us, and you think we’re just supposed to take that lying down???
(/s you gotta laugh to keep from crying)
The S&P is trying to ride up on any good news but Trump just keeps on waterboarding the economy, hahahaha…
(RIP my TFSA investment account, but it is plain hilarious at this point)
I want to know what the discussion was like…
“105 percent are you crazy? That’s too high!”
“But 103 won’t send enough of a message!”
“Better order up some coffee, this could take all night.”
Apparently it was an arbitrary extra 50% on top of the recent 54%, which was the supposed trade deficit plus existing tariffs. I’m not saying it’s not batshit, but the new figure wasn’t a totally random specific number.
So isn’t only somewhere around 72 percent from original?
Now you’re asking them to do correct calculations?
You know this is a genius move because they really did the math. 103% just wouldn’t do it and 105% is just too far even for them.
Big brains for sure. Lol
But really, what does China make that the US wants? Solar panels, batteries, electronics, boards games, rare earth elements, industrial manufacturing equipment, drones, and ships?
It has this energy
Now cars too but I don’t think we can get them
Yeah, I was trying to think of stuff that you couldn’t really get anywhere else. Electronics is a very broad category and there’s stuff you can get from elsewhere and there’s also a bunch of important stuff you can’t get from China (you have to buy it from Taiwan instead). And you can get board games from Germany / Poland so maybe that one was dumb.
Anyway, my point was that while China makes the best batteries, hands down, you can get the rest of the car from other places. Like Mexico, Germany or Japan. Actually China makes some very good electric engines for cars as well. But I don’t think they are selling those without the rest of the car.
The one thing that benefits from that is nature. Maybe this will at least put a damper on overconsumption. Otherwise it’s a shit situation for everyone around.
As a European, I must make a list of everything I should buy from AliExpress when the prices will drop.
It’ll be the usual for me: magnets of various sizes and shapes, box of assorted screws, several ESP32-based boards, and one funky gadget to tie that off nicely.
Every time i order magnets, they get lost. Probably because they end up on the wall of some container of truck or van
I’m an ESP8266 enjoyer but those ESP32 has become cheap! Are there big differences between different boards?
Yes,magnets and screws&nuts, cant have too many of these!
