It is so ironical that Trump is telling the world that he spoke to Xi many times over the tariffs, without telling us when. What he really tried to con us is that he did speak to Xi many times before the tariff war started, which is nothing extraordinary. And trying to connect that as talks relating to the tariff war is trying to pull a fast one.
And Trump is spinning out of control by saying that Xi calling him is not showing the world that Xi has lost the plot and have to kiss his arse. Who is he trying to fool? Trying to play a psychological war against Xi hoping to lure Xi to call him? A draught player trying to pit his skills against a chess player is a joke.
I think the tariff war is at the point of no return now and Trump is really desperate in the face of warnings by retailers about empty shelves if this goes on. Even Scott Bessant now realizes it is not sustainable.
When Chinese exporters sealed their export market to the Global South to replace the USA market, that is the end of Chinese export to the USA. And like the case of USA agricultural products for the Chinese market, it will be gone forever and never to return.
Xi is not anxious about Trump not calling him. It is Trump that is clearly anxious, even inventing fake news to say that Xi called him many times. This is clearly desperation on another level.
This is perhaps the best time for China to teach the USA a good lesson for being so arrogant and must let the big bully suffer the consequences. What really makes this a great opportunity is the revelation by Rednote to USA voters that they had been missing the great lifestyle that the 'peasants' are enjoying and which had eluded them more and more.
Anonymous
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The silence by Xi Jinping is driving Trump crazy. So crazy that he has to resort to lying. He is still in delusion, claiming that China will have to eat the tariffs. Where did he get all his feedback and who is advising him?
Walmart was reported to have instructed Chinese suppliers to resume shipments, which means that they are paying those tariffs to keep their outlets functioning instead of closing, but whether it will absorb those tariffs or pass some on to USA consumers is yet unknown. Absorbing the tariffs of 145% is definitely out of the question.
Amazon, if I am not misleading, was also coming up with a new measure by displaying the price of the goods and showing separately the tariffs being added. But after Bezos had a talk with Trump, and under pressure I would assume, is now not going to display the tariffs separately. That displaying of the tariffs may shock buyers I think, with the tariffs being possibly more than the price of the product and is a way of telling customers that they are paying the tariffs, not China. So, China is really not eating the tariffs, as these two giant importers of Chinese goods are already blinking on Trump's behalf. And Trump, in honesty, should already know that China is not eating those tariffs instead of still lying about it.
In the face of the tariff war, UPS is cutting 20,000 jobs and closing delivery outlets after facing fewer deliveries for Amazon. I guess others like DHL would be facing similar problems now. The chain reaction is moving across the whole USA economic landscape. Loss of jobs means more unemployed, which means lower consumption spending, which means less business for others like food and beverage, which again means more job cuts, and which may even mean more homelessness. The cycle is getting vicious by the day. Yet, with all the so-called experts and advisors in the Trump administration, no one sees the train wreck approaching.
DHL and FedEx definitely are affected as well.
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