Saturday, June 07, 2025

China's Trade War Gambit Puts Trump on Defense

If international trade is a game of chess, China has the U.S. in check -- with few good options for the next move.

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Years of neglect of our supply chains have left America vulnerable to an economic veto from China. Now, it is rare earth minerals. Michigan's auto industry is in danger and they are sounding the alarm that they're going to have to open factories in Beijing.

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-- Senator Elissa Slotkin (@slotkin.senate.gov) Jun 6, 2025 at 9:46 AM

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More from the article ...

... Between the lines: President Trump says he and China's President Xi Jinping spent 90 minutes on the phone Thursday discussing trade.

= = = "There should no longer be any questions respecting the complexity of Rare Earth products," Trump said " though what that means for exports, as a practical matter, wasn't immediately clear.

= = = Whatever leverage the Trump administration thought it had going into a spree of "90 deals in 90 days" has thus far not delivered much, and now courts are threatening to stand in the president's way.

State of play: The U.S. economy has been resilient thus far, defying predictions of immediate tariff chaos. But new signs suggest private-sector hiring is weakening, and supply chains are breaking down.

= = = Consumer prices are starting to rise, manufacturers' profits are being squeezed, and the specter of inflation looms larger by the day.

= = = Factories are beginning to shut down because they can't get the necessary components, and some companies are reportedly considering the extraordinary step of shipping their unfinished products to China to add the components there.

= = = None of that was the point of the trade war; most of it is the exact opposite. ...



#1 | Posted by LampLighter at 2025-06-05 01:11 PM

None of that was the point of the trade war

No. The point of the trade war was to stop Fentanyl smuggling. Oh, the good old days.

#2 | Posted by REDIAL at 2025-06-05 02:58 PM

MORE CAVE FROM THE FAT LOSER

#3 | Posted by LegallyYourDead at 2025-06-06 02:56 PM

Trump has ALWAYS been on defense. He just yells so damned much and often that stupid people think that he's attacking.

Donald Trump is failing. He's giving us yet another failed presidency. Yet some people want him to be President-for-Life.

Madness. Silly, embarrassing madness.

#4 | Posted by Zed at 2025-06-07 08:44 AM

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