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Breaking | Trump threatens China with added 50% tariffs if Beijing does not drop levies (www.scmp.com)

submitted 2 weeks ago by Xiisadaddy@lemmygrad.ml to c/worldnews@lemmygrad.ml

10 comments fedilink hide all child comments

So hes just determined to destroy the American economy i guess loool

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[–] chesmotorcycle@lemmygrad.ml 31 points 2 weeks ago

Capitalism is when no imports

[–] bobs_guns@lemmygrad.ml 30 points 2 weeks ago

Do it... It will be so fun... Let's get those tariffs over 300%...

[–] keepcarrot@hexbear.net 29 points 2 weeks ago (2 children)

I wonder if trump has ever actually deescalated anything in his life

[–] GrainEater@lemmygrad.ml 15 points 2 weeks ago

he's probably gone down a few escalators if that counts

[–] PolandIsAStateOfMind@lemmygrad.ml 11 points 2 weeks ago* (last edited 2 weeks ago)

Out of serious things, war against Iran in 2019. I mean he was escalating in it first place and probably kicking and screaming when Pentagon people explained it's not a good idea when Iranian air defense shot their 200million stealth drone with 60's Soviet missile, but he did. He also ordered Soleimani murder to have the last word later. Also Bolton accused him of being way less hawkish and having more common sense than average Rep senator, but that says more about Rep senators than Trump.

[–] OrnluWolfjarl@lemmygrad.ml 19 points 2 weeks ago* (last edited 2 weeks ago) (1 children)

The difference between Trump and China, is that China was preparing for this trade war for the last 5 years, and even more so when they understood early in the elections that Trump was going to win. China got its economy ready for sanctions and tarriffs, became less reliant on imports from the West and forged strong economic ties with Asian, Latin American and African countries. Trump has just gotten into office, and without bracing first, he just started smashing things. Guess who's coming out on top in this.

Edit: by comparison Europe just assumed Trump would lose, and then assumed Trump would not impose tarriffs on them, despite clearly speaking about it for years. So here they are, having cut off their major energy supplier and then (literally) burning the bridge with Russia. Having imposed tarriffs on Chinese goods at the behest of the US, and still completely unprepared for the effects of Trump's tarriffs. Yet, all they seem to care about is how to keep Ukraine's funeral pyres burning.

[–] SkingradGuard@lemmygrad.ml 12 points 2 weeks ago (1 children)

Europe is gonna burn lmao

[–] cfgaussian@lemmygrad.ml 11 points 2 weeks ago

And we deserve everything that's coming to us.

[–] freagle@lemmygrad.ml 15 points 2 weeks ago

Wow. This can't be really happening can it?

[–] soumerd_retardataire@lemmygrad.ml 10 points 2 weeks ago* (last edited 2 weeks ago)

Some graphs from https://x.com/BenjaminNorton/status/1909399503821848951 and https://x.com/RnaudBertrand/status/1909404626459541622 :

«20% of China’s GDP is manufactures exports.
65% of that is domestic value-added.
20% of that final demand is from the US.
Total exposure to U.S. demand is 0.2x0.2x0.65=2.5%. »

Here's what domestic value-added means :
If China exports a $100 phone, with a $20 screen imported from Korea, and keep in China the other components, the design, logistic, etc., then the domestic value-added would be 80%

If 20% is manufactures exports, here's a detail of the whole : https://tradingeconomics.com/china/exports-by-category (, more here or there if you pay)

EMs : Emerging Markets
These two graphs show that the chinese exports are increasingly being reoriented towards emerging markets.

Consumption (white) : Finished goods like food, finalized products, etc.
Intermediate and capital : oil, machines, etc.
Others : transportation, etc.

This seem like the value(, labor, components, knowledge, ...,) put into a product, then exported towards a country(, e.g. Mexico,) before being re-exported towards the u.s.a.
Meaning that even something imported from Mexico may contain some value from China.

Not always ultra-informative to just dump graphics, I first thought it'd have been less pointless, sry 🤷.

Obviously, the People's Republic of China will retaliate, that's what anyone would do and the americans knew that, perhaps that their main strategy is once again to bully other countries into submission since that's unfortunately our main strategy t.b.h. when looking at the past decades(centuries), the stick has been much much more preeminent than the alleged carrot :