China hits back at Canada with fresh agriculture tariffs

[ety]

I am from the Netherlands and China is like the Netherlands: solely focussing on exports and completely identifying herself as a export-specialist (which they have the right to) because Chinese are like Dutchmen true entrepreneurs and trader-mindset. Only difference: China is exporting what they locally produce, and the Netherlands are exporting what they import from other countries.

Thats why the tarrifs will hurt China (and the Netherlands) more than it will hurt the US.

Products from China will be more expensive for the average American. So what? That is the whole idea behind the tarrifs.

The US need to reduce imports anyway and cant continue on this route, otherwise they will be bankrupt with their negative trade balance. The local Americans will now be forced to buy more homegrown products and American and non-American companies will be forced to build factories in the US to avoid tarrifs.

What will the US lose? Ali Express? It’s a big country of 370 million people with the greatest brands and multinationals. They had shitty trade balances with almost every country on earth. With these tarrifs they can reduce all the imports.

But China will lose their biggest customer. Good luck with selling the same amount of stuff to other nations that you normally exported to the US. Nobody can replace your biggest customer, not even Europe and Russia combined.

China just has to find replacement markets in BRI countries and its internal circulation to replace US market. Plus, about 50 to 60 percent of US imports from China are non-replaceable from other countries, that means they have to buy from China.

China is no longer an exported oriented country. The average world exports as percentage of GDP is 29.27%, EU exports is 52.69%, Netherlands exports is 84.96% and imports is 73.85%, and that of China exports is only 19.74% and imports is 17.57%. So China is not even up to the world average, quite far. Don't know why some countries make big fuss of Chinese exports.

List of countries by trade-to-GDP ratio - Wikipedia

en.wikipedia.org

 

[ety]

Trump's tariffs anger Wall Street! Investment tycoon slams arrogance and ignorance: stupid and wrong​

07:30 2025/04/09 China Times News
Xu Tingying

As losses in global stock markets continue to mount, U.S. President Donald Trump's plan to impose massive tariffs on trading partners has sparked a backlash from wealthy business leaders. (Illustration: shutterstock/Dazhi)



As global stock market losses continue to expand, U.S. President Trump has imposed massive tariffs on trading partners, triggering a backlash from several wealthy business leaders, such as hedge fund tycoon Bill Ackman, JPMorgan Chase CEO Jamie Dimon, and Stanley Druckenmiller. Among them, legendary investor Ken Fisher criticized the tariff policy as stupid, wrong, arrogant and ignorant.



Bill Ackman, a billionaire investor who has publicly supported Trump's re-election in 2024, warned on Sunday that if these new tariffs were actually implemented, it would be tantamount to launching an "economic nuclear war," CNN reported. Trump said on Wednesday he would impose significantly higher "reciprocal tariffs" on dozens of countries with the largest trade deficits with the United States.


Akman wrote on the social media platform X that if the new tariffs take effect, "business investment will come to a halt and consumers will tighten their spending." He also said: "Our reputation with the rest of the world will be severely damaged and may take years, even decades, to repair." The post has been viewed more than 10.6 million times so far.


Bill Ackman warned that unless Trump changes his approach, "we are heading towards a self-induced economic nuclear winter, and the time to start hedging is now." “What CEO or board of directors is willing to make a massive, long-term investment commitment to the United States in the middle of an economic nuclear war?” he said, adding: “The president is losing the trust of business leaders around the world.”


Trump has currently implemented a 10% base tariff on all goods imported into the United States, a policy that officially took effect on Saturday. Starting Wednesday, dozens of economies, including mainland China and the European Union, will face higher tariffs of 104% and 20% respectively, making these major U.S. trading partners bear the brunt.


In addition to Ackman, other billionaires and wealthy business leaders have also publicly criticized Trump's tariff policy. For example, JPMorgan Chase CEO Jamie Dimon warned on Monday that the tariffs could push up prices, drag down the global economy and weaken the United States' international position. "Recent tariffs are likely to increase inflation and have led many to believe that a recession is more likely," Dimon wrote in his annual letter to shareholders. "While it is not certain that this series of tariffs will cause a recession, it will certainly slow economic growth."


Billionaire Stanley Druckenmiller, founder of the Duquesne Family Office, said on social media platform X on Monday that he "does not support tariffs above 10%." Druckenmiller is worth an estimated $11 billion, according to the Bloomberg Billionaires Index.


Later on the same day, legendary Wall Street investor Ken Fisher also said on X: "The policy announced by Trump last Wednesday was stupid and wrong. It was extremely arrogant, ignorant about trade, and tried to use the wrong tools to deal with a problem that didn't exist. But from my observation, this policy will be diluted and ultimately fail. The current panic is greater than the problem itself, which is a positive from this perspective." Fisher emphasized that he usually does not comment publicly on presidential policies, "but Trump has completely crossed the line on tariffs, far beyond the bottom line."




Even Elon Musk, the world's richest man and Trump's top supporter, said on Sunday that he hopes there will be "zero tariffs" between the United States and Europe. In a video call with Italian Deputy Prime Minister Matteo Salvini, he said he hoped to establish an effective "free trade area" between Europe and North America.


Echoing Akman's view, Simon MacAdam, deputy global economist at consultancy Capital Economics, said companies were likely to put investments on hold given the "extreme uncertainty" created by Trump's tariffs. "If you're a mid-sized company, or even a large public company, you're going to be very hesitant to do anything right now," he said. "If these tariffs are renegotiated and reduced in a few months, then investing hundreds of millions of dollars in new factories in the United States right now may be a waste."


Akman also called the new tariffs "massive" and "disproportionate" in his post, emphasizing: "This is not the policy we voted for." He called for a 90-day "cooling-off period" to give Trump a chance to negotiate with trading partners to "resolve unfair asymmetric tariff agreements."


Trump has said his tariffs are intended to correct years of unbalanced trade relations between the United States and its trading partners, which he believes is caused by other countries imposing higher tariffs on American goods than the United States imposes on their own goods. But investors clearly lack confidence in Trump's strategy. Asian and European stock markets plunged on Monday after Trump announced his tariffs last Wednesday, while U.S. stock futures pointed to another round of sharp declines.

川普關稅惹怒華爾街！投資大亨轟傲慢無知：又蠢又錯 - 國際

隨著全球股市損失不斷擴大，美國總統川普將對貿易夥伴祭出大規模關稅，引發多位富有商界領袖的反彈，如對沖大佬艾克曼（Bill Ackman）、摩根大通執行長戴蒙（Jamie Dimon）、德魯肯米勒（Stanley Druckenmiller）等

www-chinatimes-com.translate.goog

 

[j_hungary]

Not ignore to what you said, but how many time I will switch my residence? which country has the moral ground to live ? Australia has their own racists and neo nazi's, UK is complicit in war , going back to Pakistan will serve what purpose ? Middle East? its only matter of time before American war bone come all over (pun intended). The whole world is a nasty place, yeah maybe countries like Norway or NZ but going there is close to impossible.
I took a vacation to St Augustine for some peaceful times and it help for sure, but as soon as I came back and open news its all the same shit show.

I didn't tell you to move, I said you and I were disenfranchised by the same issue, and I get to a point I don't feel there are anything I can do nor was it acceptable, and if the previous conversation is what you think then sooner or later you will come to the same conclusion I do.

This isn't about who responsible for what, or who has what, this is about how you think about yourself, if you want to pick a bone, then every country has it regardless of how you see it, but the question is how you can live with that, your bone may not be the same as mine, but you have to think about yourself first, rather than staying in a place that's unhealthy for you, that was my point to you before. If you think US is livable, than you should stay in the US. I don't, that's why I left.

P.S. As an Australian Citizens, I can live and work in New Zealand as part of Trans-Tasman agreement (Essentially every Australian Citizens are New Zealand Resident) and as an Swedish Citizen, I can live in any country in EU, including Norway. This is just a FYI

 

[ety]

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[Han Patriot]

China is in panic and “advising” companies not to move their factories from China to Vietnam.

I thought China was super and great and invinsible and not afraid for the tarrifs?

Technically speaking Turkey is now a shit hole. So did you implode? I have never seen 70% infaltion in China. LOL

 

[Oldenwisdom...قول بزرگ]

What will the US lose?

So, you entire assumption is incorrect. In the past 50 years a large portion of US manufacturers had jumped shipped and moved production to China, integrating it with the local supply chains. They had kept bare minimum R&D, design and management in the US. Selling their products is not Chinas problem. They got hot cash and investment which bore dividends for their entire economy... the hard part is already done! Remember China doesn't have to manufacture more, just keep the ability intact.

It is the investor that is burned who's sunk cost may not yet have even been recovered.

 

[ety]

Trump Adviser Releases Insane List of Demands for Tariffed Countries​

Top White House economist Stephen Miran apparently wants free handouts from other nations.​

Stefani Reynolds/Bloomberg/Getty Images

Donald Trump’s chief economic adviser put out a list of outrageous demands Monday for other countries inflicted by the president’s tariffs to start “burden sharing.”

Stephen Miran, chair of the Council of Economic Advisers, delivered a speech at the Hudson Institute complete with a to-do list for other countries looking to lighten the load that “unfair barriers to trade” and “unsustainable trade deficits” have supposedly inflicted on the United States.

Miran said that these factors had led to a “decline of our manufacturing workforce by over a third since its peak and a reduction in our share of world manufacturing production of 40 percent.”

It’s worth noting that while manufacturing employment has gone down, U.S. manufacturing output is up and nearing its all-time high of December 2007. Who exactly will actually work all of these hypothetical manufacturing jobs? No one seems to know! Trump’s own secretary of commerce said earlier this month that he planned to use automation to replace cheap labor, and the treasury secretary suggested Monday that maybe ousted federal workers could pick up some shifts.

Other countries should work to improve “burden sharing” to address the issues, a process that could take many forms, said Miran.

For instance, countries could roll over and accept Trump’s tariffs without retaliation. “Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods,” Miran said in his remarks.

Miran said that countries could “stop unfair and harmful trading practices” by buying more American products, specifically noting that countries could boost defense spending and procurement from the U.S. by “taking strain off our servicemembers and creating jobs here.”

He also suggested that countries invest in U.S. manufacturing and open factories in the U.S. “They won’t face tariffs if they make their stuff in this country,” Miran said.

Finally, Miran said that countries could “simply write checks” to the Treasury Department.

The CEA chair did not indicate whether compliance with these suggestions would alleviate the—in some cases—very steep tariffs imposed by Trump.

Miran argued that other countries ought to comply with Trump’s demands for more money because of the “global public goods” that the U.S. provides, including global security and the dollar and other reserve assets, “which make possible the global trading and financial system which has supported the greatest era of prosperity mankind has ever known.

“In my view, to continue providing these twin global public goods, there needs to be improved burden-sharing at the global level,” Miran said. “If other nations want to benefit from the U.S. geopolitical and financial umbrella, then they need to pull their weight, and pay their fair share. The costs cannot be solely borne by everyday Americans who have already given so much.”

But that’s not how public goods work: If you have to pay to use them, then they’re not actually public goods.

Miran singled out China as America’s “biggest adversary” responsible for weakening U.S. manufacturing, and even blamed it for the 2008 financial crisis. Trump is currently mounting a trade war with Beijing, and threatened a new round of tariffs Monday, bringing the total tariff rate on imports from China to 104 percent.

Miran insisted that the U.S. would somehow survive not being able to do business with its largest trading partners. “America has plenty of substitution options: We can make stuff at home, or we can buy from countries that treat us fairly instead of from countries that take advantage of us,” he said. But last week, Trump placed tariffs of at least 10 percent on nearly every country.

Trump said Sunday that he’d told global leaders that he wanted to erase the U.S. trade deficit because he viewed any deficit as a “loss,” though that’s not quite how economics works

Trump Adviser Releases Insane List of Demands for Tariffed Countries

Top White House economist Stephen Miran apparently wants free handouts from other nations.

newrepublic.com

 

[PakAl]

Wrong, China Export to US is only 2.9% of its total GDP. Losing the export to US will still keep China growth at around 2%.
Question, can US survives with Zero trade with China especially when there are no alternative. China can also target US services to China.

China will find alternative export routes such as increase to ASEAN, Middleeast, Russia, Central Asia, South American.

 

[ety]

Trump Adviser Releases Insane List of Demands for Tariffed Countries​

Top White House economist Stephen Miran apparently wants free handouts from other nations.​

Stefani Reynolds/Bloomberg/Getty Images

Donald Trump’s chief economic adviser put out a list of outrageous demands Monday for other countries inflicted by the president’s tariffs to start “burden sharing.”

Stephen Miran, chair of the Council of Economic Advisers, delivered a speech at the Hudson Institute complete with a to-do list for other countries looking to lighten the load that “unfair barriers to trade” and “unsustainable trade deficits” have supposedly inflicted on the United States.

Miran said that these factors had led to a “decline of our manufacturing workforce by over a third since its peak and a reduction in our share of world manufacturing production of 40 percent.”

It’s worth noting that while manufacturing employment has gone down, U.S. manufacturing output is up and nearing its all-time high of December 2007. Who exactly will actually work all of these hypothetical manufacturing jobs? No one seems to know! Trump’s own secretary of commerce said earlier this month that he planned to use automation to replace cheap labor, and the treasury secretary suggested Monday that maybe ousted federal workers could pick up some shifts.

Other countries should work to improve “burden sharing” to address the issues, a process that could take many forms, said Miran.

For instance, countries could roll over and accept Trump’s tariffs without retaliation. “Critically, retaliation will exacerbate rather than improve the distribution of burdens and make it even more difficult for us to finance global public goods,” Miran said in his remarks.

Miran said that countries could “stop unfair and harmful trading practices” by buying more American products, specifically noting that countries could boost defense spending and procurement from the U.S. by “taking strain off our servicemembers and creating jobs here.”

He also suggested that countries invest in U.S. manufacturing and open factories in the U.S. “They won’t face tariffs if they make their stuff in this country,” Miran said.

Finally, Miran said that countries could “simply write checks” to the Treasury Department.

The CEA chair did not indicate whether compliance with these suggestions would alleviate the—in some cases—very steep tariffs imposed by Trump.

Miran argued that other countries ought to comply with Trump’s demands for more money because of the “global public goods” that the U.S. provides, including global security and the dollar and other reserve assets, “which make possible the global trading and financial system which has supported the greatest era of prosperity mankind has ever known.

“In my view, to continue providing these twin global public goods, there needs to be improved burden-sharing at the global level,” Miran said. “If other nations want to benefit from the U.S. geopolitical and financial umbrella, then they need to pull their weight, and pay their fair share. The costs cannot be solely borne by everyday Americans who have already given so much.”

But that’s not how public goods work: If you have to pay to use them, then they’re not actually public goods.

Miran singled out China as America’s “biggest adversary” responsible for weakening U.S. manufacturing, and even blamed it for the 2008 financial crisis. Trump is currently mounting a trade war with Beijing, and threatened a new round of tariffs Monday, bringing the total tariff rate on imports from China to 104 percent.

Miran insisted that the U.S. would somehow survive not being able to do business with its largest trading partners. “America has plenty of substitution options: We can make stuff at home, or we can buy from countries that treat us fairly instead of from countries that take advantage of us,” he said. But last week, Trump placed tariffs of at least 10 percent on nearly every country.

Trump said Sunday that he’d told global leaders that he wanted to erase the U.S. trade deficit because he viewed any deficit as a “loss,” though that’s not quite how economics works

Trump Adviser Releases Insane List of Demands for Tariffed Countries

Top White House economist Stephen Miran apparently wants free handouts from other nations.

newrepublic.com

"Finally, Miran said that countries could “simply write checks” to the Treasury Department." Lol, the Trump US might just points guns at the leaders of those tariffed countries and demand to empty their banks to US.

 

[Hamartia Antidote]

USA consumers should pay more for premium brands.

Should I suggest USA consumers wear less quality clothing?

I'm not that evil.

Shein is known for wear-once clothes that won't survive too many washing machine cycles

 

[Menthol]

Shein is known for wear-once clothes that won't survive too many washing machine cycles

How about compared with Uniqlo and HnM?

 

[Hamartia Antidote]

How about compared with Uniqlo and HnM?

I think both are starting to make inroads but they aren't super popular in the US so I can't speak of their quality.

H&M stores have been in malls for years but not much of a crowd in them. Although it seems they have made the top 20.


Not many Uniqlo stores around.

 

[Menthol]

"Finally, Miran said that countries could “simply write checks” to the Treasury Department." Lol, the Trump US might just points guns at the leaders of those tariffed countries and demand to empty their banks to US.

Just for USA government to be able to pay the debt.

USA GDP is growing.

USA stock market is all time high.

USA companies make a lot of profit.

But USA government mismanaged the government budget, blames other countries, and asks other countries to pay for it.

That is what is going on in USA, if everyone wants to know the truth.


I open a bakery store selling bread.

You open a clothing store selling cloth.

And I'm wealthier, my bakery store makes more money than your clothing store, but I'm addicted to party and women.

Now, I feel I'm the victim of this "unfairness", and I demand you hand over your clothing store to me, and your saving as well.

My name is USA.

The greatest person on planet earth.

 

[ety]

Just for USA government to be able to pay the debt.

USA GDP is growing.

USA stock market is all time high.

USA companies make a lot of profit.

But USA government mismanaged the government budget, blames other countries, and asks other countries to pay for it.

That is what is going on in USA, if everyone wants to know the truth.


I open a bakery store selling bread.

You open a clothing store selling cloth.

And I'm wealthier, my bakery store makes more money than your clothing store, but I'm addicted to party and women.

Now, I feel I'm the victim of this "unfairness", and I demand you hand over your clothing store to me, and your saving as well.

My name is USA.

The greatest person on planet earth.

What Trump US doing or asking now is naked robbery. Even Americans call their gov demands insane.

 

[Starlord]

I didn't tell you to move, I said you and I were disenfranchised by the same issue, and I get to a point I don't feel there are anything I can do nor was it acceptable, and if the previous conversation is what you think then sooner or later you will come to the same conclusion I do.

This isn't about who responsible for what, or who has what, this is about how you think about yourself, if you want to pick a bone, then every country has it regardless of how you see it, but the question is how you can live with that, your bone may not be the same as mine, but you have to think about yourself first, rather than staying in a place that's unhealthy for you, that was my point to you before. If you think US is livable, than you should stay in the US. I don't, that's why I left.

P.S. As an Australian Citizens, I can live and work in New Zealand as part of Trans-Tasman agreement (Essentially every Australian Citizens are New Zealand Resident) and as an Swedish Citizen, I can live in any country in EU, including Norway. This is just a FYI

Sorry my bad, I might have understood you wrong, but I am hoping for the best, maybe things might change but if not sooner or later I have to make that decision just like you did, I am hearing from many American born coworkers as they are planning to Leave US, not even brown people, white people. I knew 2 coworkers who are getting teaching certificates so they can move out.

Man, you and I have the conversations many time, I do think US is great place, amazing people, beautiful country and full of surprising places, but my thing is I don't like wars, nor I want a country that I call home to be part of bullying others or be part of Genocide, its not limited to US or Pakistan, no matter where I live or will live I will have that dilemma, I don't discard the good in any country for bad, nor bad for anything good. But Politically the way things are in US, I am confused that is it right place to raise a family ? what If my kids are bullied ? or my wife is harassed ? or even I get deported despite having legal residency ? before the whole Oct 7th shit show I was planning to buy a house, getting ready for future and now the Cheetos with legs in white house, and his croonies are running wild, literally destroying everything America build or stood for, now I understand lots of people support what Trump is doing and I will connect it with what you said, Right wingers will tear everything to the ground if it means that liberal left suffers too, same when Democrats wins they will repeat the same and so on.

Man If I have a choice to move to NZ I would, but I am not that lucky... for now I am holding tight here, but my family told me that no worries if things go bad to worse, remember I always have the option to leave, me living in US or getting blue passport is not worth more than my well being for my family, so that's good.