Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans

[Beijingwalker]

Stocks rebound as US Treasury Secretary says China trade war is unsustainable​

By John Towfighi and Matt Egan, CNN
Updated 4:07 PM EDT, Tue April 22, 2025

Treasury Secretary Scott Bessent told investors Tuesday that the US-China trade war is unsustainable and he expects the battle to de-escalate, a person familiar with the matter confirmed to CNN, giving a boost to a Wall Street rally that had taken shape this morning.

The Dow closed higher by 1,017 points, or 2.66%. The S&P 500 rose 2.51% and the tech-heavy Nasdaq gained 2.71%. The rebound helped recover the market’s losses on Monday, when a major sell-off gripped Wall Street.

US stocks had broadly gained Tuesday as investors waded into the market after the steep Monday sell-off. Stocks extended their gains midday after Bessent told investors at a closed-door event hosted by JPMorgan Chase that he expects de-escalation in the trade spat with China. The event was first reported by Bloomberg.

According to one person in the room, Bessent said that he expects both sides will de-escalate in the very near future because China and the United States effectively have embargoes on each other due to extremely high tariffs.

Instead of a hard break or complete decoupling between the United States and China, Bessent told the investors that the goal is to have a rebalancing of trade, the source told CNN.

The three major stock indexes hit their highest levels of the day after Bessent’s remarks.

The Nasdaq and Dow snapped a four-day losing streak and the three major indexes each posted their best day in two weeks. Despite the rebound, the S&P 500 is on track for its worst month since 2022 and the Dow is on track for its worst April since 1936, according to FactSet data.

https://www.cnn.com/2025/04/22/investing/us-stock-market/index.html

 

[ety]

Is Trump joking, saying he'll be very nice to China in trade talks ? I think he jokes all time, haha. Maybe, it's easier for him to admit defeat in the tariffs war now.

 

[SolarWarden]

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[tower9]

Trump is literally breaking. Notice the significant change in tone. He fucked up bad and now he is starting to realize the consequences. Him and his deluded dingbat advisors like Bessent and Navarro, people of incredible ignorance, are probably running around screaming in anger and fury while it's just radio silence from China.

China isn't interested in a deal. In fact, I'd even venture to say that China would rather just fully decouple now so they can have more flexibility in changing the world order and dethroning the US. This is what the morons in the Trump administration don't understand. They don't have the cards. Yet they tried to bluff the master poker player. What a bunch of idiots and now we all have to suffer the consequences of his utter retardation.

 

[ety]

Lol, Trump and company have been making threats against China nearly everyday, do Xi and Chinese really care now ?

 

[Beijingwalker]

Lol, Trump and company have been making threats against China nearly everyday, do Xi and Chinese really care now ?

After Trump Launched a Tariff War Against China, What Happened on the Streets of Shanghai?​

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[Beijingwalker]

China successfully has US eating out of her hands.

 

[iblini]

Like if they care, its all part of the plan: replacing the Chinese.

I saw a video of a great Chinese business fair; the faces of the local traders were housing more stress wrinkles than pastasauce got meatballs. They lost their biggest customer.

The Americans lost their biggest supplier. But replacing a supplier is easier and cheaper than replacing a customer.

There are 194 nations worldwide, a lot of to choose from.

DJI alone is about 80% of the market share, alone with bunch of other Chinese manufactures.

 

[Beijingwalker]

DJI alone is about 80% of the market share, alone with bunch of other Chinese manufactures.

79%

 

[PakFactor]

Many universities counted on Indian students to makeup for their gap in enrollment of Chinese students, but it appears Indian student enrollment in the US has also been dropped significantly.

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It's very interesting; I didn't know much about OPT. I do feel it hinders getting US-born jobs as these overflowed Indians would take them.

I do agree OPT should be done with.

 

[PakFactor]

And just at the moment when many of these developing countries, such as India and Pakistan need skills training for their best and brightest, considering the poor environment to work in their home countries. Comes at the worst time for India’s demographic dividend. Conversely, China is past stage of needing foreign education to bring its industries to world standards; they have build the ecosystem at home and do joint ventures with foreign firms to gay abreast of global trends.

They never go back to develop their countries back home, no unicorn companies. They either marry or find other visas to stay permanently.

 

[Sharma Ji]

eheh, good.. about time US gamers start paying what the rest of us do

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[冖_冖]

From meat to grains, trade war is a boon to Brazil and Argentina

Escalating tensions between the United States and China have created an opening for Brazil and Argentina to ramp up exports.

www.batimes.com.ar

From meat to grains, trade war is a boon to Brazil and Argentina​

Escalating tensions between the United States and China have created an opening for Brazil and Argentina to ramp up exports.

Brazil and Argentina are emerging as early winners in the global trade war that’s upending agricultural markets.

Escalating tensions between the US and China – the world’s biggest supplier and consumer of farm products, respectively – have created an opening for the South American nations to ramp up exports of everything from meat to grains in a bid to seize global market share.

The newest opportunity seems to be meat. US President Donald Trump’s tariffs on eight of America’s top 10 beef buyers have already redrawn trade flows, raising exports of Brazilian beef to halal markets including Algeria and Turkey. Japan, America’s second largest beef client, is now in advanced talks to start buying cheaper meat from Brazil.

And any economic slowdown triggered by the trade war will move other international beef buyers to shift purchases to lower cost suppliers, especially Brazil, according to Datagro market analyst Guilherme Jank.

So far, China’s shift away from US products is shaping up to be a major driver of Brazilian and Argentine exports. The Asian superpower in April ordered a huge amount of soybeans from Brazil, giving the country a leg up in its farming rivalry with the United States, and recently reached a deal to restart poultry shipments from Argentina.

Increasing shipments to Europe is a possibility, too, with talks for a trade deal between Mercosur – the South American trade bloc – and the European Union gaining momentum, according to Marcos Jank, senior professor of global agribusiness at Insper.

Argentine sorghum producers may also benefit from higher prices since there aren’t many alternative suppliers of the grain used in animal feed. China is the world’s top buyer, and the US the top supplier.

Should the trade restrictions continue into the fall, when the United States kicks off its harvest of soybeans and corn, South American grain producers will have another opportunity to offer alternative supplies.

“If this mess lasts until the fourth quarter, which is when the US harvests and China and Europe switch their soy and corn purchases there, the US isn’t going to be able to export and those countries will keep buying in South America instead,” said Ivo Sarjanovic, a former commodities trader and professor in the Universidad Torcuato Di Tella in Buenos Aires.

Still, price volatility in agricultural markets remains a risk to all exporters. While physical premiums for soybeans in Brazil and Argentina initially climbed on the tariff announcements, for example, a global recession would likely dampen demand and pressure futures prices lower.

But even in that case, Datagro’s Jank said, “it’s more likely that an economy that imports beef will consume cheap beef rather than expensive beef.”

 

[MH.Yang]

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Choke yourself until you roll your eyes, let go, and then immediately start bragging about how great you are?

Don't worry, China won't negotiate and the tariff war will still continue.

Although the tariff war has only been going on for two weeks, China has been extremely efficient in signing a soybean deal with Brazil, a North American oil deal with Canada, a beef deal with Australia, and a natural gas deal with the UAE in the space of two weeks.

Got it? China has given the market for all four major categories of U.S. exports to China to other countries. China is not the orange that likes to tear up agreements too often. There is no room for negotiation between the two countries anymore. The trade war will continue.

 

[lightning f57]

Is Trump joking, saying he'll be very nice to China in trade talks ? I think he jokes all time, haha. Maybe, it's easier for him to admit defeat in the tariffs war now.

Trumpys blinked multiple times already. Guys a lost cause.