Trump threatens China with additional 50% tariff if Beijing doesn’t scrap its retaliation

[candide]

27 minutes ago, jas007 said:

I think you confuse being "anti-American" with the willingness of the Chinese people to put up with continuing financial chaos based on internal Chinese policies.  At the end of the day, they're Chinese and live in China.  They know full well who is causing their problems, and it isn't Donald Trump. 

 

Anyway, we all get to find out. 

 

If there's a war over Taiwan, all bets are off.  Otherwise, I think China blinks first.  

I'm not confusing anything.

 

Of course, there are economic and employment issues post-Covid, as I could observe during my first post-Covid stay last year.

 

However, they are very nationalistic and will rally against the evil America.

[placeholder]

42 minutes ago, dinsdale said:

I remember China putting large tariffs on Australian wine because the Aus PM had the tenacity to say Covid originated in China. Xi always acts like a little spoilt kid that doesn't want to share their toy.

Yes. He and Trump do share some character flaws.

[jas007]

33 minutes ago, Marcous said:

There was a rumour picked up by CNBC, I believe, that Trump was mulling a 90 day pause on the tariffs. The news sent the S&P 500 into the green, but then the White House quickly denied the claim and said it was fake news. 

They could have just kept quiet unless Trump really does want to tank the market. Glad I got out 6 months ago. 

The White House denied the claim and the markets pulled back, but we didn't see a rout like many people were predicting.  Instead, it was up and down all day.  After hours, it's up again.  All green on what I watch, except for Thai baht which has strengthened a tiny bit against the dollar. 

 

Anyway, Trump doesn't like "fake news."  He'll take every opportunity he can find to call them on it.

 

As for getting out of the market six months ago?  You missed some major gains, I think. That's the problem with trying to time the market.  You can miss some of the best gains you'll ever see, and if you miss those you don't do so well, long term, if you ever get back in.

 

I had one stock that was up more than 20X over the past few years, so I took a small bit off the table on that one on which I had to pay long term capital gains taxes.  Otherwise, I haven't sold a thing. 99.999 percent of my net worth is fully invested and will stay that way, regardless.  If the world doesn't end, I win, longer term.  If the world financial system collapses or the world ends, what does it matter? Either way I don't have to worry. 

 

Remember the famous line from "Risky Business"?    

 

"Every once in a while you have to say What the ....."  

 

Miles advice to Joel about taking risks and seizing opportunities.  Anyway, that's what I say, as so far, it's working.

[Marcous]

19 minutes ago, jas007 said:

 

 

As for getting out of the market six months ago?  You missed some major gains, I think. That's the problem with trying to time the market.  You can miss some of the best gains you'll ever see, and if you miss those you don't do so well, long term, if you ever get back in.

 

I had one stock that was up more than 20X over the past few years, so I took a small bit off the table on that one on which I had to pay long term capital gains taxes.  Otherwise, I haven't sold a thing. 99.999 percent of my net worth is fully invested and will stay that way, regardless.  If the world doesn't end, I win, longer term.  If the world financial system collapses or the world ends, what does it matter? Either way I don't have to worry. 

I agree, but it's my private pension fund. I don't have much control over it, it's either all in or all out and it takes them several days to switch it over. I made well over 100%, so can't complain.

 

But yes, time in the market vs timing the market, or however that saying goes.

[jas007]

13 hours ago, placeholder said:

The Wall Street people also knew better than to react to Trump's tariff threats. They are massively regretting that now.

The "job" pf the stock market is to separate as many people as possible from their money.  And one thing you can be sure of:  as soon as "everyone" thinks one particular thing is going to happen and they bet accordingly, that one thing will not happen.  The market also moves money from impatient people to the patient people.  Did Warren Buffet say something like that? 

 

My guess, from looking at all the red in the stock markets around the world during the last day or two, is that the world financial markets aren't going to collapse. Quite the contrary.  We could be at the beginning of a new bull leg up, thanks to all the cheap money being injected into the banks and into bonds.  

[SunnyinBangrak]

Is Trump a fortune teller? Can he see the future? Is that why after the frothing and wailing subsides he is proven correct time after time? Did he see getting the world to scrap their punitive tariffs on US exports when he said -

 

 “We’re gonna win so much, you may even get tired of winning. And you’ll say, ‘Please, please. It’s too much winning. We can’t take it anymore, Mr. President, it’s too much.’ And I’ll say, ‘No it isn’t. We have to keep winning. We have to win more!’

 

The man, the myth, the legend, the triggerer of fake news consumers. All this winning is awesome! Go Trump!!!

[josephbloggs]

2 minutes ago, SunnyinBangrak said:

Is Trump a fortune teller? Can he see the future? Is that why after the frothing and wailing subsides he is proven correct time after time? Did he see getting the world to scrap their punitive tariffs on US exports when he said -

 

 “We’re gonna win so much, you may even get tired of winning. And you’ll say, ‘Please, please. It’s too much winning. We can’t take it anymore, Mr. President, it’s too much.’ And I’ll say, ‘No it isn’t. We have to keep winning. We have to win more!’

 

The man, the myth, the legend, the triggerer of fake news consumers. All this winning is awesome! Go Trump!!!

I really fear for you. 

[3NUMBAS]

China says a fight to the bitter end with trump

[NoDisplayName]

5 hours ago, candide said:

No. I have spent around one year in China. The indoctrination starts with enrolling all primary school kids in pioneer organisations and follows during all their studies. I have never met any Chinese who is not anti-American. That includes educated people who have spent part of their studies abroad, and also people with whom I have a personal relationship and who trust me enough to criticize their government during private discussions.

 

You must have spent that year in San Francisco Chinatown by misteak. 

 

Either that or you were in a Pattaya-style ghetto where the locals are constantly having to deal with western drunks misbehaving.

 

I spent nearly 15 years in China in various provinces, very rarely came across either anti'Merkanism or anti-western attitudes from the people on the street.

 

You might get a bit of rhetoric by some of the easily-influenced when tensions are high, think of them as Chinese Fox news followers.

 

Honestly, I've never had a Chinese lady lift her head off the pillow and say "Me hate Amelika rong time!"

[metisdead]

Posts using derogatory and toxic nicknames or intentional misspelling of people’s names will be removed. If you don’t want your post to be removed, spell people’s names correctly, this applies to both sides of the political debate. An off topic post trolling about ladyboys and a reply have been removed.

[BLMFem]

43 minutes ago, 3NUMBAS said:

China says a fight to the bitter end with trump

 

[candide]

3 hours ago, NoDisplayName said:

 

You must have spent that year in San Francisco Chinatown by misteak. 

 

Either that or you were in a Pattaya-style ghetto where the locals are constantly having to deal with western drunks misbehaving.

 

I spent nearly 15 years in China in various provinces, very rarely came across either anti'Merkanism or anti-western attitudes from the people on the street.

 

You might get a bit of rhetoric by some of the easily-influenced when tensions are high, think of them as Chinese Fox news followers.

 

Honestly, I've never had a Chinese lady lift her head off the pillow and say "Me hate Amelika rong time!"

I never said that they hate American people. They tend to like all white people.

 

U.S. as as a nation, that's another story, in particular in relation to U.S. support to Taiwan.

 

[GammaGlobulin]

19 hours ago, placeholder said:

I'm betting that China won't fold.

 

No.

Of course China will not fold.

Too much of a loss of face.

 

BUT....We all know which country loves to threaten others, most....RIGHT?

 

ChiCom Leaders are famous for their threats.

 

Somebody should get rid of them.

 

Who should get rid of them?

 

The Chinese People must be the ones to undertake this long-overdue dirty task.

 

 

[3NUMBAS]

China offered a taste of that on Friday, when it added seven rare earths to its export control list, a move that threatened to cut off the supply of materials U.S. defence and technology sectors depend on.

Beijing retains the option to expand the controls to 10 other rare earths or ban exports to the U.S. outright.

In the corporate world, Trump has expressed interest in a spin-off of short video app TikTok's U.S. business.

But China also has leverage there, thanks to rules it implemented in 2020 that require the company to obtain a technology export license before transferring its "secret sauce" algorithm abroad.

[placeholder]

19 minutes ago, GammaGlobulin said:

 

No.

Of course China will not fold.

Too much of a loss of face.

 

And maybe because, as 3NUMBAS noted, China holds quite a few cards of its own. Let's wait and see if Trump actually imposes that threatened 50% hike.  I think the total would  come to 104%

[SunnyinBangrak]

1 minute ago, placeholder said:

And maybe because, as 3NUMBAS noted, China holds quite a few cards of its own. Let's wait and see if Trump actually imposes that threatened 50% hike.  I think the total would  come to 104%

The only card Xi has is that he would happily starve half his country to project a strong image. 

[GammaGlobulin]

6 minutes ago, placeholder said:

And maybe because, as 3NUMBAS noted, China holds quite a few cards of its own. Let's wait and see if Trump actually imposes that threatened 50% hike.  I think the total would  come to 104%

 

Let's double that, and make it 204 percent.

In for a penny, in for a pound, as they say....

 

 

[placeholder]

5 minutes ago, SunnyinBangrak said:

The only card Xi has is that he would happily starve half his country to project a strong image. 

Did you miss that part about the rare earths? Maybe like many members here, you're in the grips of a belief that China only produces flimsy consumer goods?

[Celsius]

Make America GREAT Again

 

 

[still kicking]

8 hours ago, dinsdale said:

I remember China putting large tariffs on Australian wine because the Aus PM had the tenacity to say Covid originated in China. Xi always acts like a little spoilt kid that doesn't want to share their toy.

Keep updated. China dropped all that, even the import of Lobster and many other things 

[JustinT]

20 hours ago, placeholder said:

President Trump threatened Monday to hit China with an additional 50% tariff if Beijing

 

China doesn't care.  Xi doesn't have to face elections like politicians in the US do.  He can afford to just wait until the world economies collapse, the orange lunatic is gone in a few years, and the republicans in congress have been voted out of office.

[still kicking]

Video | Facebook

[dinsdale]

17 minutes ago, still kicking said:

Keep updated. China dropped all that, even the import of Lobster and many other things 

I was talking in the past hence the use of past tense.

[bunnydrops]

1 hour ago, 3NUMBAS said:

China offered a taste of that on Friday, when it added seven rare earths to its export control list, a move that threatened to cut off the supply of materials U.S. defence and technology sectors depend on.

Beijing retains the option to expand the controls to 10 other rare earths or ban exports to the U.S. outright.

In the corporate world, Trump has expressed interest in a spin-off of short video app TikTok's U.S. business.

But China also has leverage there, thanks to rules it implemented in 2020 that require the company to obtain a technology export license before transferring its "secret sauce" algorithm abroad.

Just adding to that from

 

https://www.reuters.com/world/china-hits-back-us-tariffs-with-rare-earth-export-controls-2025-04-04/

 

"China made that list strategically," said Mel Sanderson, a director at American , opens new tab, which is building a Wyoming rare earths mine it hopes to open by 2029, and co-chair of the Critical Minerals Institute trade group. "They picked the things that are crucial for the U.S. economy."

[norsurin]

20 hours ago, SunnyinBangrak said:

You have to admire Trump's determination to save the US from drowning in debt. Stones the size of Kilimanjaro. Of course, those favoring greed motivated Presidents will be baffled by Trump's actions, but I think most can see spiralling defecit = disaster in the future. 

 

China ows the most of the US dept so Trump better be careful.He migth get more then he asking for 

[johng]

49 minutes ago, JustinT said:

China doesn't care.  Xi doesn't have to face elections like politicians in the US do.  

Well yes that's a good point  lets see what happens  who blinks first 

got your popcorn ready ?

[johng]

8 minutes ago, norsurin said:

China ows the most of the US dept so Trump better be careful.He migth get more then he asking for 

 

I'm not even sure if Trump  actually wants them to return/ditch all that debt...like a "great reset"  after all the debt is already  almost beyond being repayable even with the best intentions and huge growth in the economy..yes a tsunami of upheaval  but then start again at Zero.

[placeholder]

32 minutes ago, norsurin said:

China ows the most of the US dept so Trump better be careful.He migth get more then he asking for 

No it doesn't. Actually it never did and now it owns a lot less.

https://usafacts.org/articles/which-countries-own-the-most-us-debt/

 

https://usafacts.org/articles/which-countries-own-the-most-us-debt/

 

 

 

 

 

 

[norsurin]

16 minutes ago, placeholder said:

No it doesn't. Actually it never did and now it owns a lot less.

https://usafacts.org/articles/which-countries-own-the-most-us-debt/

 

https://usafacts.org/articles/which-countries-own-the-most-us-debt/

 

 

 

 

 

 

Trillions of dollars that US will never ever get able to pay back Not even the interests.

[placeholder]

32 minutes ago, norsurin said:

Trillions of dollars that US will never ever get able to pay back Not even the interests.

And yet the Republicans are pushing for tax cuts. Not only that, they are resetting the baseline for those cuts so they can justify cutting more.

"Senate Republicans released a new budget blueprint Wednesday that would pave the way for $1.5 trillion in new tax cuts in addition to making President Donald Trump’s 2017 tax cuts permanent.

They hope to adopt the plan in the coming days to instruct committees to begin work a massive bill to pass Trump’s agenda on taxes, immigration funding and other priorities. Senate Republicans are using the budget “reconciliation” process to evade the 60-vote hurdle in the chamber, where they hold a 53-47 majority, and cut Democrats out of the process."

https://archive.ph/aW5kv