Trump claims ‘total reset’ in US-China trade relations after tariff talks in Geneva
Trump claims ‘total reset’ in US-China trade relations after tariff talks in Geneva
Yeah it's reset. And now it's rebooting into a Chinese OS.
Washington is seeking to reduce its $295bn goods trade deficit with Beijing and persuade China to renounce what the US says is a mercantilist economic model and contribute more to global consumption. Beijing has pushed back against what it sees as external interference and wants Washington to lower tariffs and clarify what it wants China to buy more of.
What the US is doing is explicitly, unarguably, an idiotic 1800s style Mercantalist model.
(It is idiotic because we have basically no relevant or competetive domestic manufacturing, but we are acting as if ....we do.)
Not what the Chinese are doing.
This is literally not arguable, unless you have John Fetterman level brain damage, or know literally nothing about economics nor any relevant recent/current data about the economies of the US and China.
Trump needs to be fucking euthanized.
Time to ride off into that sunset, otherwise we are all gonna fucking starve.
$295bn goods trade deficit
Pretty much, yep.
The only 'domestic manufacturing' we really have left, that has any real export appeal ... is...
Military equipment and commercial jet aircraft.
... And both of those are now far, far less appealing as imports, when combined with Boeing's last decade of fuckups, Trump's absurd belligerence against former allies, and oh right, all of those are absurdly complex supply chains that are definitely reliant on imports from people we've just pissed off at at least critical point.
We... could have done the Green New Deal and tried to kickstart a massive solar and wind and such backed mfg boom, that could have had some export potential.
We could have done CHIPS and tried to bring at least a good amount of domestic chip fab to our own shores... probably not as great export potential, but it is a legitimate national security concern NOW, as well as just generally a reasonable plan due to how many things are 'smart' now...
But nope, none of that.
Nope we've got our auto industry, which is a fucking dumpster fire... and pharmaceuticals... which is a turbomega dumpster fire because 'who could have thought health care could be so complicated.'
... Like, I am no fan of neoliberal capitalism, but Trump and his fucking idiot troupe are apparently actually so stupid they don't even know what 'neoliberal capitalism' even is, what those words mean.
... It is literally impossible for any remaining small farmers at this point, and even the corpo ones ... you can't just fucking unplant a field, grow everything everywhere... so much of our farming exports were feedstock exports to other countries that now all hate us... food is gonna like triple in price within 6 months.
This is gonna be an American Holodomor if someone doesn't strangle everyone in this administration.
I wish the Chinese would call him out on what he says. Every step of the way. Make him look and feel like a little bitch.
They have been. A few weeks ago (maybe less, who can tell any longer) trimp said the US and China were in talks, China came out and said that as a lie.
Trump cloning a smaller version of himself and calling it Trimp should’ve made the news.
I mean they probably are on their own media but why would they care to help save us while generating more antagonism for themselves and reducing the show of economic power they hold over us. They are very obviously winning the trade war by a lot. Make us feel some pain and they're going to get a very favorable deal to make it stop.
Maybe empty shelves can wake up the apathetic or even some of the cult, the most dangerous thing will be whatever he does to try and distract from that.
He (or more likely, the advisors with their hands up his ass) is starting to freak out about the empty ports out west. We probably have another week or two until the lack of goods starts showing up on store shelves and consumer confidence falls off a cliff. Problem is, even if we reached an agreement with China today, it'll take 30+ days for ships to reach our ports.
Maybe they have a premium account so it's fast delivery?
Lol
Mr. On again, Off again.
Total reset for good or just till the Chinese stop saying nice things.
The art of the bitch.
The shart of the steal.
He dug himself into a corner when they called his bluff. Now he has to fix things without appearing as weak as he is. And this "reset" is him backtracking.