China Tells Trump: If You Want Trade Talks, Cancel Tariffs

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#4 | Posted by donnerboy at 2025-04-24 01:43 PM
I was a bit surprised that this blatant attempt at propaganda was not headline news for a week. But it was buried under a mountain of his lies so it's understandable. It was briefly mentioned then just as quickly forgotten. Just one more example of probably thousands of his blatant lies to the American people he has made in the first 100 days.

So many lies and "headlines" - so little time to cover, process and remember them all.

All part of Bannon's strategy (actually developed by Soviets and perfected by Putin) of "flooding the zone with s**t" aka "Firehose of Falsehoods":
thinc.blog - The Flooded Zone: "Firehose of Falsehoods" is Science [of] Denial Perfected

You see a lot of this from some posters on this site - some are deliberate, and some from "true believers" who don't know any better but formed their biases and views based on relentless "selective news" and opinions from disinformation and "fake news" sources.
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#6 | Posted by ScottS at 2025-04-24 06:39 PM
China's economy is collapsing and the speculation inside the country is that Xi may lose control of the CCP.

Chinese economy has been "collapsing" for years, because of failed BRI and wild overinvestment in real estate and what are now "ghost cities" - not unlike our poor investments in "manufacturing infrastructure."

In the latest move, countries like Vietnam are ending the Chinese trans-shipments to hide the true country of origin.

Korean and Chinese-owned factories in North Vietnam, like Goertek, Luxshare, etc., are already part of Apple's supply chain and didn't need to "hide country of origin." India couldn't ramp up and has much higher manufacturing costs.

#12 | Posted by ScottS at 2025-04-24 08:02 PM
... due to the Chinese economic collapse kicked off by Trump's tariffs his first time around.

... Hard facts - China has already lost the trade war. The latest news is Foxconn moving their iPhone manufacturing to India and Vietnam causing a few million more Chinese to lose their jobs.

Apple and Hon Hai/Foxconn have been trying to move their supply chain and manufacturing to India, Vietnam and elsewhere for years. If you've ever been to Shenzhen (China's 'Silicon Valley') and seen Foxconn's factories, they are highly automated and there aren't "millions of Chinese" working there. Foxconn - Taiwanese co, and world's largest EMS, dwarfing (3x) 3 largest US + 1 Canadian EMS combined - has been replacing iPhone factory in Shenzhen with other customers.

US farmers lost soy and sorghum sales (again), since China can easily source them from Brazil and Argentina. China is now buying LNG from Russia instead of US.

Millions of US jobs are at stake as VARs/VADs are or will be closing their shops if they can't replenish their inventories with Chinese or other cheap enough components.

Hard fact is that everybody loses from trade wars, but the US has most to lose, including trust, good will, and USD status as "reserve currency."

If China already "lost" why are CEOs of S&P500 asking Trump to stop it? Why is Charlie Gasparino **, Fox biz commentator and NYPost columnist, saying we lost it, and begging Trump to save face by "declaring victory" and back off trade wars?

But, due to your blind hatred of Trump - you can't seem to understand these things. Doesn't matter - reality is reality regardless of how much your plug your ears and bury your head in the sand.

That's "Apprentice" TV version. Reality: replace "blind hatred" with "blind adulation of 'golden calf' Trump" and you'll be on right track.

Can you explain what is the end goal of the stupid tariffs, and what "winning" trade wars in global economy looks like? Because Trump didn't, except saying that "America was treated very badly and was taken advantage of" which is economically illiterate and literally and figuratively stupid.

Far from playing 3D/4D chess, Trump is can't see beyond his half-moves. Peter Navarro and Stephen Miran are the same kind of economic charlatans, claiming "new financial theories" as Stephanie Kelton (Bernie's/Biden's economic guru) was with her "MMT doesn't cause inflation and deficits don't matter."

www.mercatus.org - Straight Talk about Economic Illiteracy - [PDF, 6 pgs]

www.realcleareducation.com - Combating Economic Illiteracy - 2024-11-08
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**
www.thedailybeast.com - Fox Biz Expert Warns Trump's Tariffs Have U.S. on Brink of Recession | The president's "weak negotiating hand" has left markets "on edge" - 2025-04-25, TDB

|------- Donald Trump's tariffs have left the U.S. teetering on the edge of a recession, with even Fox News hosts voicing their concerns about the president's import levies.

"We need people to buy our debt, and China supplies us with a lot of cheap goods," he said. "We can see inflation rise up dramatically. And Xi [Jinping] knows this."

... "Beijing has also warned countries not to do trade deals with the U.S. that exclude China - or else. ... Beijing's threat has resonated in a way that it never previously did. U.S. diplomatic sway is ebbing."

... Meanwhile, big box CEOS have warned Trump that his trade policy will result in "empty shelves" unless his dramatically changes course in the coming weeks.
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"Winning"? Art of the Bulls**t is not working with the big boys in the real world.

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nypost.com - How Team Trump is working overtime to close face-saving trade deals - 2025-04-25, NYP

|------- Team Trump is looking for a face-saving off-ramp in its global trade war, and they're ready to announce a deal-in-kind with at least one trading partner...

How that manifests itself is unclear, but my sources are led to believe that actual deals - i.e. signed agreements even with the most friendly of trading partners caught up in the Trump maelstrom - are probably not happening anytime soon.

What is more likely is a series of public announcements...
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nypost.com - Trump team needs a trade deal to stop investor panic - 2025-04-21, NYP

|------- About 10 days ago, an increasingly confident Scott Bessent began telling Wall Street executives that he was on the verge of removing the big dark cloud hovering over the US markets and economy: The Treasury Secretary said he was making significant progress in cutting trade deals with India, Japan, South Korea, and Australia...

But that was last week, and there are still no deals...

The trade war wasn't supposed to go down this way.

... "The White House needs trade deals done quick with a negotiation path established with China..."
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nypost.com - Start talking trade deals, Mr. President - and end the tariff meltdown - 2025-04-07, NYP Ed. Board
|------- Mr. President, take "yes" for an answer.

... "We have offered zero-for-zero tariffs for industrial goods," European Commission President Ursula von der Leyen said.

It's exactly the sort of agreement that would make President Trump's tariff wars a success ...

But is the administration even answering the phone?

... Peter Navarro... and Commerce Secretary Howard Lutnick suggest that these overtures are for naught.
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** Charles Gasparino's book "Blood on the Street: The Sensational Inside Story of How Wall Street Analysts Duped a Generation of Investors" (2005) - en.wikipedia.org - highly recommend for the budding investors who don't quite understand what the roles of different "financial analysts" are on Wall Street and in the financial "infrastructure" layers and hierarchy.
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