As Trump gets more anxious and not having elicited a call from Xi, he is raving mad and raising the tariffs to 245% on Chinese goods. Trump is really going over the edge.
China knows this is a meaningless figure and academic, as any tariff above 100% will raise prices to double and products are not going to be saleable anymore. This is as good as forcing China not to sell anything to the USA at all, which China is going to oblige. China has already made up its mind to de-couple completely from the USA and is ready for it. Who is going to suffer more? USA consumers of course, with no alternatives to turn to. Chinese manufacturing has the alternative to sell to the Global South and BRICS countries.
According to a survey carried out at the World's largest wholesale market, the Yiwu Market, with 80,000 shops where it was claimed it will take a shopper three years to visit every shop inside at 5 minutes per shop, the mood was totally calm and collected, with vendors hardly fazed by the tariffs. Most vendors brushed aside the tariffs and are not unduly worried about losing the USA market. Most are saying that it is just a matter of shifting sales to other markets outside the USA. That is how confident these Chinese businesspeople are, where overcoming setbacks is built into their DNA.
In some countries, a few days of rain ruining business will result in complaints and soliciting for help. You know what I mean?
Anonymous
8 comments:
That is why Professor Scott Lucas, UCD Clinton Institute, Dublin, called Trump an 'economics moron' regarding his understanding of the tariffs he is raising. Trump only knows the beautiful word 'tariffs' without having an inkling of how it works. Of course, with six bankruptcies to his name, would anyone be surprised?
Scott Lucas revealed how Trump is manipulating the stock market to benefit his cronies and probably doing what they wanted him to do. But the one big hurdle he did not foresee was China not playing the game by having Xi called him to negotiate, which will have put the stock market on steroids. Moreover, there are two camps in Trumps administration with diametrically opposite opinions regarding the flip flops made by Trump. But those that opposed Trump are wary of the backlash if they go against him.
Bear in mind that Trump has already been going after all those who worked against him or tried to do him in during Biden's watch, especially the FBI that ransacked his Mar Largo residence regarding classified documents, and those who tried to prosecute him over the January 6th 'uprising'. It was nothing more than revenge by the convicted felon. Whatever freedom of anything that USA citizens are enjoying now is being trampled upon by Trump, basically throwing the USA Constitution regarding their rights, all into the dustbin.
Now, Trump is trying to get rid of Jerone Powell as well because he refused to lower interest rates to make Trump look good and able to boast about interest rates going down despite the effect of his tariffs. This moron will manufacture the narratives to fit his crime by hook or by crook. How this will play out is going to be fun to watch. If Trump can just ignore the judge's pronouncements over the deportation issue, he will ignore the independence of the Federal Reserve and find ways to get rid of Powell.
I think the time will come when the USA citizens will be in a position to call Trump a 'dictator'. Trump may call other leaders 'a dictator', but he is moving himself into position as one for sure.
https://youtu.be/gNson4TqUO4?si=QA3cEJca3Qg2N0GN
Professor Jeffrey Sachs said even Mickey Mouse smarter than that Donald Duck Tramp 🙄
Civil war time for the brainwashed rednecks and hillbillies. Better late than never.
Trump's family blatantly open corruption
https://www.youtube.com/watch?v=q1eABg1ORl4
When Trump gets rid of Powell and interest rates fall, you know that that goes against the grain of economic principles. It is just kicking the recession can further down the road.
When he gets the title of 'Dictator Trump' he will just grin smugly. That will be another feather in his cap.
Dictator Trump already failed in his 24-hour settlement of the Ukraine War. He is washing his hands off the Ukraine Peace talk. That is another feather in his cap of failures.
Trump: Xi please call me, please.
Xi: Grow up first Trump and behave like an adult.
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