In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
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Abou today's China tariff news
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Last: 2 days ago by dajo9
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
Actually:
Concession #1: China agreed to reduce tariffs by 115%, bringing them down to just 10%.
— Karl Mehta (@karlmehta) May 12, 2025
This matches the exact reduction the US offered, creating parity for the first time in this trade battle.
But that's just the beginning. pic.twitter.com/Wy7OpsILaM
Concession #2: China removed ALL counter-measures.
— Karl Mehta (@karlmehta) May 12, 2025
Beyond tariffs, China had imposed severe non-tariff barriers.
Officials said these effectively created a trade embargo against US goods.
They've now agreed to remove ALL of these barriers. pic.twitter.com/ti8RTeKAqG
Concession #3 is perhaps the most surprising.
— Karl Mehta (@karlmehta) May 12, 2025
China sent their deputy minister for public safety to address the fentanyl crisis.
US officials called this an "upside surprise" - completely unexpected at a trade meeting. pic.twitter.com/IZjOV4ZJUm
When all the dust settles, there will have to be a financial analysis to determine whether all this drama and shenanigans resulted in a net loss, a net gain or neither. The stock market analysis will be simple.
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It looks like both sides met halfway, the Chinese had some cards to play and pushed back, Trump had a very aggressive starting point and while is ending a lot shorter than expected at 30%, it's still a pretty good tax income stream, one that won't disrupt substantially the domestic economy.
He is the master negotiator.
NEWS: U.S. and China agree to a 90-day pause on new tariffs after shipping to U.S. ports plummeted.
— MeidasTouch (@MeidasTouch) May 12, 2025
U.S. tariffs on Chinese imports will be cut from 145% to 30%. Chinese tariffs on U.S. imports will be cut from 125% to 10%.
If tariffs are supposed to result in massive job… pic.twitter.com/bgXgG9zn4r
This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
sure assuming:bearister said:
When all the dust settles, there will have to be a financial analysis to determine whether all this drama and shenanigans resulted in a net loss, a net gain or neither. The stock market analysis will be simple.
China actually signs a deal
China actually follows the deal
Trump doesn't commit the US to look the other way on Taiwan, child and slave labor, and all the other stuff people complain about with China in exchange for eliminating the trade deficit and good "financial analysis".
wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Matt McDermott is far more coherent on the matter than your post, which is all over the map. Let's review the the timeline.
Trump: I am decoupling trade with a virtual embargo
China: We are against decoupling trade but will retaliate
Time passes, the political economy speaks
Trump: I am ending decoupling trade
China: ok, whatever, loser
dajo9 said:wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Matt McDermott is far more coherent on the matter than your post, which is all over the map. Let's review the the timeline.
Trump: I am decoupling trade with a virtual embargo
China: We are against decoupling trade but will retaliate
Time passes, the political economy speaks
Trump: I am ending decoupling trade
China: ok, whatever, loser
Hmm…says the guy who says move away from the sh-thole cities instead of fixing the problems turning all democrat run cities into sh-tholes.
Welcome back from your OT vacation btw
wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Perhaps you would like to provide a succinct summary of what happened, constraining McDermott's succinct summary.
All I got from your post was a rant.
But I'm not currently following the news, so I'll actually digest your take if you do.
Not to bother you with facts, but XI has said he wanted to decouple as early as 2023 and China had been employing decoupling strategies for some time . As usual, you make up facts to fit your narrative. Just one of many articles you can find on the topic.dajo9 said:wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Matt McDermott is far more coherent on the matter than your post, which is all over the map. Let's review the the timeline.
Trump: I am decoupling trade with a virtual embargo
China: We are against decoupling trade but will retaliate
Time passes, the political economy speaks
Trump: I am ending decoupling trade
China: ok, whatever, loser
https://www.hinrichfoundation.com/research/wp/us-china/xi-not-trump-started-on-path-to-decoupling/
wifeisafurd said:Not to bother you with facts, but XI has said he wanted to decouple as early as 2023 and China had been employing decoupling strategies for some time . As usual, you make up facts to fit your narrative. Just one of many articles you can find on the topic.dajo9 said:wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Matt McDermott is far more coherent on the matter than your post, which is all over the map. Let's review the the timeline.
Trump: I am decoupling trade with a virtual embargo
China: We are against decoupling trade but will retaliate
Time passes, the political economy speaks
Trump: I am ending decoupling trade
China: ok, whatever, loser
https://www.hinrichfoundation.com/research/wp/us-china/xi-not-trump-started-on-path-to-decoupling/
You are wrong about your article. Your 2023 article is citing nationalistic comments made by Xi to an internal audience in 2012 on his ascension to the dictatorship.
Yours is a pretty gullible argument.
I don't think you know what you are talking about.dajo9 said:wifeisafurd said:Not to bother you with facts, but XI has said he wanted to decouple as early as 2023 and China had been employing decoupling strategies for some time . As usual, you make up facts to fit your narrative. Just one of many articles you can find on the topic.dajo9 said:wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Matt McDermott is far more coherent on the matter than your post, which is all over the map. Let's review the the timeline.
Trump: I am decoupling trade with a virtual embargo
China: We are against decoupling trade but will retaliate
Time passes, the political economy speaks
Trump: I am ending decoupling trade
China: ok, whatever, loser
https://www.hinrichfoundation.com/research/wp/us-china/xi-not-trump-started-on-path-to-decoupling/
You are wrong about your article. Your 2023 article is citing nationalistic comments made by Xi to an internal audience in 2012 on his ascension to the dictatorship.
Yours is a pretty gullible argument.
Let's start with McDermott's first comment: Trump received nothing. There are a bunch of posts on this very thread listing out concessions China made. The comment is patently false (sorta like your magical time line).
McDermott's second comment is no manufacturing moved back to the US. I'm not sure what time periods he is talkinga about, but how does he know this, or is this from the Dajo school of I just say stuff? The Wall Street Journal says small and midsize U.S. manufacturers are seeing a strong uptick in orders from companies looking to avoid the risk of paying new tariffs. Whirlpool, AccuRounds, Jergens, many rubber and plastic manufactures, etc. indicate in public filings they can't keep up with new orders.
These companies say they're investing more in U.S. ...CBS Newshttps://www.cbsnews.com MoneyWatch Plant of other articles about this. The problem is US manufactures don' have the capacity and it will take a long time for them to build capacity. Hence the initiatives by the Biden administration to build capacity in certain important sectors (which Trump likely will keep in place).
My favorite is point 3 which McNumnuts says the agreed upon pause to drop tariffs to Biden levels is still of 30% is still "a tax on Americans." Well it has been for many years dumbarse.
Point 4: He finally says something accurate and relevant, that the 90 day pause still causes uncertaintity, which by the way is why existing American manufactures can't keep up with the increase in orders. You might also look at is this way, because of the current unstable environment, China has seem a massive drop in manufacturing orders from most countries, or at least so says the Economist, the WSY and others, leading to fears of a world wide recession and inflation (as inventories become lean), as commercial business contracts.
Last point: Trump has lost all leverage. This probably is an overstatement. For China, the lesson learned is that the Trump administration isn't willing to ignore the domestic pressure or the Stock Market. US supply chains are still dependent on China, but I suspect the long run is business will be making sure some decent portion of its supply is coming from domestic markets to avoid what just happened due to geopolitical events. There is no reason to believe a Democratic President will not take a hard line as well. The current ninety-day pause will probably be extended as the two sides edge closer to a comprehensive deal, but a further reduction in tariff rates seems unlikely. Xi can live with a differential rate on Chinese goods that is only 20 percent higher than the rest of the world, becuae their labor and manufacturing costs are so much lower. Tariffs are unlikely to make a significant difference in the trade deficit, because they reduce imports and exports. Neither side probably has a ton of leverage over the other to extract any massive concessions, which is probably what negotiators in Geneva realized when they reduced their absurdly high tariffs and accepted the promise of more negotiations
I think Bearrister has it right, we don't know enough to make a judgement on how this plays out (except in the stock market), especially with the problems China has with its economies presently (granted China makes decisions on a longer term basis), and the problems the US has with the falling Dollar.
Maybe you should try reading the article, which actually also talks about shifts in Chinese policies. I could just simply say Presidents Biden and Trump spoke about China to domestic audiences so what they said doesn't matter, but that really is a stupid argument since what they said also was backed-up by policy implemented by both Presidents. Or I could just post a few hundred articles discussing decoupling to demonstrate your lack of understating in the subject. Even my f'ing Apple AI says "China is increasingly moving towards trade decoupling, the policy of Xi Jingpin ... especially from the United States and Europe."dajo9 said:wifeisafurd said:Not to bother you with facts, but XI has said he wanted to decouple as early as 2023 and China had been employing decoupling strategies for some time . As usual, you make up facts to fit your narrative. Just one of many articles you can find on the topic.dajo9 said:wifeisafurd said:This guy is an utter moron. Trump losses credibility when he makes stuff-up. It applies equally to you.SBGold said:
In short, Trump caved
MAGAts suck at POLICY AND GOVERNING
VOTE BLUE
Go Bears Forever
BTW, the person who really got fooked today is: images
Both sides agreed to not decouple trade - if you don't know what this means have a good laugh looking the thread on the trade war. Kinda of a big deal - not that this moron would get the significance.
So why did Trump agree to let China off the hook with China's economy is in the toilet currently. China actually has deflation (the last time this happened in the US was the Great Recession), with non-housing prices falling the last few months and massive layoffs, and the residential housing market remains still in free fall (they really overbuilt)? Well maybe Trump now believes all the economists that he is starting a global recession? China can play the long game - not sure Trump understands what that means. The US-China deal from Trump's first term took two years (not 90 days), "and this one is more complex in scope and will address fentanyl, technology, semiconductors, and more" quoting Trump. Also most experts in this country don't think China actually obeyed the term of the earlier Trump agreement, which may be why Biden actually increased tariffs on China and refused to do a deal with them. To be continued, hopefully without the ramblings of Moron McDermott.
Matt McDermott is far more coherent on the matter than your post, which is all over the map. Let's review the the timeline.
Trump: I am decoupling trade with a virtual embargo
China: We are against decoupling trade but will retaliate
Time passes, the political economy speaks
Trump: I am ending decoupling trade
China: ok, whatever, loser
https://www.hinrichfoundation.com/research/wp/us-china/xi-not-trump-started-on-path-to-decoupling/
You are wrong about your article. Your 2023 article is citing nationalistic comments made by Xi to an internal audience in 2012 on his ascension to the dictatorship.
Yours is a pretty gullible argument.
Since we travel in different circles, let me try it this way. In 2021 after frustration with the succession of what China viewed as protectionist policies from Presidents China started towards decoupling.
This lead people who actually do this stuff for a living organizing business for decoupling in the future. Just by way of example,
The Strategic Challenges of Decoupling from ChinaHarvard Business Reviewhttps://hbr.org 2021/05 the-strategic-challenges-of-....
Under Xi, China is actively seeking to reduce its dependence on the US and EU as major trading partners by expanding its trade with other countries, particularly in Asia and other emerging markets, including throwing $ Trillions into the Belt and Road Initiative. Xi is also implementing policies to protect Chinese intellectual property and eliminate the access of foreign technology to domestic industries. Xi has eliminated foreign investment in national industries and for purposes of eliminating American and European imports, Xi implemented the "Made in China Five Years Plan", which aims to build domestic monopolies in AI, 5G, aerospace, semiconductors, electric vehicles, and biotechnology. The response to the five year plan was tariffs and other initiatives by Biden and Trump.
Ohhhh, I got a twofer
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