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Everything posted by placeholder
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yet another U Turn from Trump's tariffs
placeholder replied to Mavideol's topic in Political Soapbox
Because there's nothing businesses love more than unpredictability. It relieves them of the tiresome possibility of making rational investments in their businesses. -
The last time the Feds tried QE interest rates were much lower. And interest rates stayed low durig QE despite those purchases. Right now what they're doing is trying to find a way to raise revenues to pay for Trump's massive tax cut. If Trump and the Republicans were serious about fighting deficits they wouldn't be proposing a tax bill that will cost over 4 trillion dollars.
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China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
Well, it should be clear that the way not to do it is by imposing tariffs on those nations. -
How stupid is China for retaliating to Trumps tariffs?
placeholder replied to hotsun's topic in Political Soapbox
The US is the main market for Chinese goods. I guess that depends on how you define "main". Does main = 15%? 15 percent of china's exports go to the USA. That's 3% of its GDP. even if that trade were to entirely disappear, it wouldn't spell doom for China. And Xi is not going to have to face midterms. -
Thank you for sharing your suspicions.
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Even the blinkered Trump and MAGA fans must smell a rat now?
placeholder replied to PomPolo's topic in Political Soapbox
Are you the official spokesperson for Trump supporters. Or is this just a case of hivemind? -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
When you've got nothing, make it personal. You've got nothing. -
Funny. You're the party who has been claiming that the US is doomed unless Trump succeeds in tackling the debt issue during this term. So sometimes destruction of the US economy is imminent and sometimes is isn't? As for the bond market. The last time the US tried purchasing bonds, quantitative easing, what was the interest rate on those bonds? https://www.macrotrends.net/2016/10-year-treasury-bond-rate-yield-chart
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How stupid is China for retaliating to Trumps tariffs?
placeholder replied to hotsun's topic in Political Soapbox
Very obviously there will be a deal made between China and the US. It will allow the US to save face to some degree, but will do little to reshape China-US trade relations in a more equitable way. Everyone wins. More winning from Mr Xi. Born to be a winner. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
This is from me: "Obviously it's an important part of their exports. But it's about 15%. So yes, it should be able to weather the loss for a while." It's a recession not a depression. So, no, it's not a fatal blow or even close. And Xi doesn't have to face midterms. And once again, given Trump's reversals, it's unlikely that there will be no trade with the us. So the 3% figure is probably too high., -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
Got this from AI A decline of 3% in GDP is considered a significant and concerning development, indicating a recession or a very deep economic slowdown. While not as severe as a depression (typically defined as a GDP decline exceeding 10%), a 3% drop signifies a substantial contraction in economic activity, potentially leading to widespread job losses and reduced living standards However, a 3% decline in China's GDP would only happen if all exports to the US were stopped. Given Trumps recent retreat, that's unlikely to occur. -
How stupid is China for retaliating to Trumps tariffs?
placeholder replied to hotsun's topic in Political Soapbox
In April of 2024, the US passed a bill authorizing the Pentagon to stock up on strategic minerals including rare earths. Unfortunately, in April of 2024, China renewed restriction on exporting 7 rare earths. Maybe you think that was a coincidence? The Pentagon has begun to take steps to recycle rare earths and push for the mining of them. But that takes time. And the reserves are for defense use. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
I've never said it will be easy to replace in the short term. What i've side is that it's not crucial to China's economy. A loss of 3% of GDP is not crucial. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
Even if it's not easy, so what. It's only 3% of Chinese GDP. China has the world's 2nd largest economy in nominal terms and the largest in terms of PP. Even if the loss is total, will a 3% decline in GDP bring a country down? -
Half of US soldiers to potentially pull out of Europe.
placeholder replied to bannork's topic in Political Soapbox
Mississippi has repeatedly refused to participate in the Affordable Care Act which pays 90% of health care costss. In Republican states where referendums on the issue have been offered, it has always prevailed. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
Trying the scary number tactic again? If you think 524.9 billion is anything more than 15% of China's exports or 3% of its GDP, anyone who can do basic math will disagree with you. -
How stupid is China for retaliating to Trumps tariffs?
placeholder replied to hotsun's topic in Political Soapbox
On the one hand you claim that China did exactly what Trump wanted when it raised tariffs. On the other hand, you say that if China didn't raise taxes we'll never know what Trump would have done. You have a very selective mind reading ability when it comes to Trump.- 160 replies
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China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
Ah, the really big scary number tactic. You want a really big scary number? How about how much China exports elsewhere: 2.97 trillion dollars. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
Only if you believe that 15% of exports which translates to 3% of GDP is crucial to China. It will continue to diversify away from the US as other nations grow economically. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
It's idiomatic casual English. Perfectly OK in a venue like this. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
No. I just understand that 100% -15% equals 85%. -
China Halts Critical Exports as Trade War Intensifies
placeholder replied to placeholder's topic in Political Soapbox
China continues to shift exports to Global South Exports to the US now comprise just 15% of China’s total shipments, down from 20% in 2018 https://asiatimes.com/2025/01/china-continues-to-shift-exports-to-global-south/#