The USA has to show it has power after decades of giving its industry, especially as last term the EU ignored Trump completely and Trump didn't do shit.
Everyone was at the table and no one was against negotiating trade deals except Trump. He's been pretty much being acting autistic refusing to tell countries what he even wanted them to do and even did tariffs against those that dropped all tariffs on the US.
trump blinks first, probably because of the bonds being dumped
>Blinks first
This is such a weird thing to say considering Biden never repealed Trump's first term tariffs, expanded them, and had his trade representatives defend them using the same arguments as Trump. The liberal critique of Trump doesn't make any sense considering you guys don't have consistency or principles either. Navarro, the architect of Trump's tariff policy, was once a no growth Californian Democrat that defended tariffs alongside Nancy Pelosi and Hillary Clinton. You can trace a lot the policies you criticize to liberals themselves.
he absolutely blinked, especially considering that the bond yields were spiking while stocks were dumping, he was shitting himself>Blinks first
There is a 10% across the board tariff on everyone, and 125% on Chyna.
Where is the blinking?
He did that Art of the Deal thing for the 100th time where he puts some crazy number out there but ends back up where its still a good number for him but the other side thinks they made out too because they talked him down from the crazy number.
Except for Chyna...They still get 125%
Oh and canada is still getting 25%+10%.
And the lizard brain market makes line go up because its 10% not 80% across the board
View attachment 7199846
Trump got the DJIA looking like a meme coin.
Boomers looking at their 401k's these past 3 days
View attachment 7199909
Winning the trade war rests entirely on the assumption China will collapse. Which is a risky assumption to make when the US also has weak fundamentals that is well known while using fiat money as a weapon.
What risk, the way both political factions have been acting and talking about the President makes me feel like a couple well placed missiles or plastic explosives will be enough. Hell, there was a perfectly fine opportunity to pressure China if Donald Trump won in 2020. China had the Evergrande fiasco that was an actual existential threat to China's economy. Imagine if Trump laid on tariffs then instead of dodging another impeachment bullet from the House?
very interesting dates don’t you think
smoking weed? heil hilter?
no, they’re all from the great depression, 2008 GFC and covid crash
Yet still isn't back to where it was when Trump started up all the trade war tariffs.
Yeah, it's more like the threat got postponed for 3 months and that's why the stock market went back to normal. Also, the US blocked the Japanese from purchasing US Steel. You can say it was right to do so, but Japan isn't happy about it because they know they'll lose market share to Chinese Steel. So all that talk of friendship between them didn't amount to much. Vietnam tried to go 0% tariffs immediately only to get Navarro to tell them that's not good enough, serving as an example to how other nations will be treated in negotiations.
Who does the Chinese Navy currently need to protect shipping from? The only thing close to a major player interdicting shipping at the moment is the Houthis, who noticeably don't really care about China because China doesn't worship Israel.
Vietnamese people and Bangladeshis.