Former US president Donald Trump – who returns to the White House next month – unleashed a gruelling trade war with China during his first term in office, lambasting alleged intellectual property theft and other “unfair” practices. He has pledged to impose even higher tariffs on China after taking office on January 20, as Beijing is grappling with a shaky post-pandemic economic recovery.
“Tariff wars, trade wars, and technology wars go against historical trends and economic rules, and there will be no winners,” Xi said of China-US relations while meeting several heads of multilateral financial institutions in Beijing, according to state broadcaster CCTV. “China is willing to maintain dialogue with the US government, expand cooperation, manage differences and promote the development of China-US relations in a stable, healthy and sustainable direction,” said Xi.
Beijing is targeting annual growth this year of around five percent, despite sluggish domestic consumption, high unemployment and a prolonged crisis in the vast property sector. Xi also said during Tuesday’s meeting that China had “full confidence” in achieving its 2024 growth goal, state media reported.
His remarks came as official data showed the country’s exports rose last month at a slower rate than expected while imports shrunk further, underscoring the challenges China is still facing. The latest reading reinforced the need for more support a day after top officials pledged to bolster stuttering growth.
Well, China is going to lose and the American people are going to lose, But the money from the tariffs are going to go to pay the tax breaks for the US oligarchs. It’s not like the oligarchs are going to spend another cent on manufacturing in the US
It’s Trump’s way of doing business. He’ll consistently take a dollar today instead of a ten tomorrow.
He’s not the planning mastermind type, that said, there are planning masterminds afoot, his cabinet is full of that actions.
This can be safely exploited for profit by the little guy with a little disposable income.
Have to do something, because the rest of the market’s about to go to shit and ruin a fuck ton of 401k
Capitalism must consume more. Tne line must go up. If that stops happening for very long then your 401k will be the least of your worries.
Concurrently, Trump will stupid and push the line down for a very brief period of time, repeatedly. It’s tolerated because he’s a puppet that allows much more line go up shenanigans.
Wait for Trump to do the stupid. Buy the dip in an S&P 500 index fund. Then, hold until Q3 28. The money comes from the retirement of apathetic individuals because the corporate never looses.
I’m absolutely not stating this is ethical. It’s instead contributing to the problem. My point is that it’s not very difficult to predict the future.
Guessing that the market is going to come out of the dip and not go further down is a pretty serious risk.
They’re going to uncap crypto regulations, you probably have better luck pumping and dumping that.
Guessing that the market is going to come out of the dip and not go further down is a pretty serious risk.
All of a sudden the country might not do what’s it’s designed to do and done for its entire history of existence. That’s some “serious risk”.
Thanks for the contribution from your IRA. It always goes to a good cause.
That’s really cute coming from a country that engages in hostile behaviour as a standard practice.
Implying the US doesnt?
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Russia just slapped tariffs against Chinese furniture…
Yes there is a winner: The environment
Less trade => less consumption => less pollution
Although sadly it doesn’t cancel out all of Trump’s other actions that will inevitably increase pollution.
So he’s saying it’s better if they don’t fight a war and just let the US do what they want, so there’s at least one winner instead of 2 losers. That’s what he’s saying, right?
