Bengal71
Trusted Member
Any news source on what the conditions the Chinese government sent to Trump?
Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans
- Thread starter Dalit
- Start date
Any news source on what the conditions the Chinese government sent to Trump?
j_hungary
Professional
And dumbo here don't know Duty Free does not affect local custom zone. You can buy a Chinese bag duty free in the US but only if you exit the custom zone later, that's why you don't get charge with duty and excise in the US and only get charge to wherever you are later. In case if you are talking about places like Hong Kong, where you don't pay import duty, that's 0 (unless you are importing alcohol, oil and cigrette)
It does not work if you buy them from duty free and then move them inside the US custom zone. Because custom duty in the US is not 0
If you are doing that, that's not duty free, that's Tax evasion.
It does not work if you buy them from duty free and then move them inside the US custom zone. Because custom duty in the US is not 0
If you are doing that, that's not duty free, that's Tax evasion.
MH.Yang
Trusted Member
There is. According to Chinese media reports, there are four main conditions: First, first, the United States needs to reassert its position on Taiwan. Two, the U.S. needs to adjust tariffs to the levels that existed when the current administration took office. Three, U.S. Vice President Vance needs to publicly apologize for his abusive remarks to China. Fourth, and finally, the U.S. needs to first send a special envoy to China to discuss negotiation procedures, which must be fully established before negotiations can begin.
Trump's cabinet must constantly instill the emotional value of "win, win, win" in MAGA, so it is inevitably unlikely that they will accept such an offer. And even if Trump agrees, in the end we have procedural issues that could delay it until July.
Bengal71
Trusted Member
If he doesn't agree, then the option of putting outbound tax on those goods should be exercised. Then it will be a waiting game of how long Trump can take te pain and public backlash of extremely high prices. China on the other hand, I don't think will have to endure too much pain.
Bengal71
Trusted Member
US Treasury Sec. Bessent says China, U.S. have ‘opportunity for a big deal’ on trade
PUBLISHED WED, APR 23 202510:40 AM EDT
KEY POINTS
- Treasury Secretary Scott Bessent said that “there is an opportunity for a big deal here” on trade issues between the United States and China.
- “If they want to rebalance, let’s do it together,” Bessent said during an appearance at the Institute of International Trade and Finance in Washington, D.C.
- But Bessent also called out the World Bank for lending to nations that have advanced economic growth, including China.
US Treasury Secretary Scott Bessent speaks during the Institute of International Finance (IIF) Global Outlook Forum in Washington, DC on April 23, 2025.
Jim Watson | Afp | Getty Images
Treasury Secretary Scott Bessent on Wednesday said that “there is an opportunity for a big deal here” on trade issues between the United States and China.
“If they want to rebalance, let’s do it together,” Bessent said during an appearance at the Institute of International Trade and Finance in Washington, D.C.
“This is an incredible opportunity. I think if Bridgewater founder Ray Dalio were to write something, he could call it a beautiful rebalancing.
Dalio, on April 13, told NBC News that he was worried that President Donald Trump’s tariff and economic policies would threaten the world’s economy, potentially to the point of “something worse than a recession.”
Trump has imposed ultra-high tariffs on China, of 145%. Shortly before Bessent spoke on Wednesday, The Wall Street Journal reported that the Trump administration was considering reducing those tariffs to between 50% and 65%, which would still be extremely high, relatively speaking.
Bessent, in his address to the IITF, outlined what he called “a blueprint to restore equilibrium to the global financial system and the institutions designed to uphold it,” specifically the World Bank and International Monetary Fund.
“The IMF and World Bank have enduring value,” Bessent said. “But mission creep has knocked these institutions off course. We must enact key reforms to ensure the Bretton Woods institutions are serving their stakeholders — not the other way around.”
He said that “Intentional policy choices by other countries have hollowed out America’s manufacturing sector and undermined our critical supply chains, putting our national and economic security at risk.
“President Trump has taken strong action to address these imbalances and the negative impacts they have on Americans.
This status quo of large and persistent imbalances is not sustainable. It is not sustainable for the United States, and ultimately, it is not sustainable for other economies.
Bessent called out the World Bank for lending to nations that have advanced economic growth, including China.
He suggested that the bank stop lending to China.
“The World Bank continues to lend every year to countries that have met the criteria to graduate from World Bank borrowing,” Bessent said.
“There is no justification for this continued lending. It siphons off resources from higher priorities and crowds out the development of private markets. It also disincentivizes countries’ efforts to move away from dependency on the World Bank and toward job-rich, private sector-led growth.”
Bessent added: “Going forward, the Bank must set firm graduation timelines for countries that have long since met the graduation criteria. Treating China — the second-largest economy in the world — as a ‘developing country’ is absurd.
“While it has been at the expense of many Western markets, China’s rise has been rapid and impressive,” he said. “If China wants to play a role in the global economy commensurate with its actual importance, then the country needs to graduate up, we welcome that.”
50-65% is still too high. China should propose no more than 10-20%.
Developereo
Elite Member
Trump starts the clock for new tariffs to take effect
By David Goldman, CNN
4 minute read
Updated 10:08 PM EDT, Wed April 23, 2025
CNN —
President Donald Trump said Wednesday that he could re-impose “reciprocal” tariffs on some countries in as soon as two or three weeks, a potentially significant re-escalation of the global trade war that has already raised fears of a US and global recession.
“In the end, I think what’s going to happen is, we’re going to have a great deals, and by the way, if we don’t have a deal with a company or a country, we’re going to set the tariff,” Trump said in an Oval Office ceremony. “I’d say over the next couple of weeks, wouldn’t you say? I think so. Over the next two, three weeks. We’ll be setting the number.”
Trump on April 9 paused his massive so-called reciprocal tariffs, which aren’t technically reciprocal. The reprieve was supposed to be for 90 days to allow countries to negotiate with the administration. Trump officials have said around 90 to 100 countries have offered to negotiate deals, setting a tremendously difficult task before trade negotiators to race against the clock to make new commitments.
Without those negotiated deals, Trump could impose his tariffs on countries that rise as high as 50% – except for China, which the Trump administration set at an astronomical 145%.
It’s not clear what new tariffs Trump will set on countries that are unable to strike a deal with the United States in the coming weeks – and whether those new tariffs will permanently supersede the paused reciprocal tariffs or merely serve as an interim tariff as negotiations continue. In the meantime, the United States maintains a 10% universal tariff on virtually every good imported to America, plus higher rates for certain goods.
Trump’s back-and-forth stance on tariffs has caused incredible uncertainty for businesses and consumers. It has also shaken markets, sending stocks and US assets tumbling. Despite a two-day market rebound, the S&P 500 has still shed $7 trillion in value since hitting a record high in mid-February.
Major organizations have warned about a global economic slowdown as Trump’s import levies threaten to reshape global trade and redirect flows of money around the world.
China détente – maybe
Even as the reciprocal tariffs on dozens of countries were paused, the tit-for-tat trade war escalated dramatically with China over the past couple months, alarming Wall Street and economists alike. Many major banks predicted the massive tariffs — as well as China’s major retaliatory tariffs on US goods — would plunge the US and global economies into a recession.US Treasury Secretary Scott Bessent on Tuesday at a private investment conference hosted by JP Morgan Chase acknowledged that the trade war with China is unsustainable and said that he expects the battle to de-escalate in the very near future, a person familiar with the matter confirmed to CNN. He said the tariffs are effectively embargoes on each nation, preventing business from taking place.
Trump echoed that sentiment Wednesday.
“It’s 145%. That’s very high,” Trump said. “But I haven’t brought it down. It basically means China is not doing any business with us, essentially, because it’s a very high number.”
Although he has said the significant tariffs would come down soon, Bessent predicted they wouldn’t be eliminated — a notion Trump also echoed.
Instead of a hard break or complete decoupling between the United States and China, Bessent told the investors Tuesday that the goal is to have a rebalancing of trade, the source told CNN. But in a separate discussion with reporters Wednesday, Bessent noted that it could take between two and three years to restore normal trade with China, a person familiar with the matter told CNN.
Stocks surged on Bessent’s remarks Tuesday and continued to rise Wednesday. US stock futures were largely flat after hours on Wednesday.
China responded to the Trump administration’s newfound openness to a deal with a sharply worded statement, urging America to change its approach to trade.
“Our doors are open, if the US wants to talk. If a negotiated solution is truly what the U.S. wants, it should stop threatening and blackmailing China and seek dialogue based on equality, respect and mutual benefit,” Chinese Foreign Ministry Spokesperson Guo Jiakun told reporters on Wednesday, according to a transcript posted online by the Chinese government.
“To keep asking for a deal while exerting extreme pressure is not the right way to deal with China and simply will not work,” he added.
Although Trump Tuesday said he expected tariffs on China to “come down substantially,” on Wednesday he said he wouldn’t wait around forever for a deal from any country — including China. In a matter of weeks, he said, his administration could impose those tariffs again.
Trump called trade with China “very one-sided” but said “we get along” and dismissed the harsh language from the Chinese government Wednesday.
“I get along very well with President Xi,” Trump said “I have to hope we can make a deal, otherwise we’ll set a price.”
CNN’s Elisabeth Buchwald and Samantha Waldenberg contributed reporting.
MH.Yang
Trusted Member
Trump's bottom line is a 20% tariff.
In fact, Trump knows very well that manufacturing is unlikely to return to the U.S. His series of actions have only two purposes:
1, to collect a large amount of tariffs to solve the government's financial problems, that is, in disguise, to raise taxes on U.S. citizens. That's why Trump has to restore foreign trade, especially U.S.-China trade, as soon as possible. Tariffs raised as high as they are, without trade it's still not a penny of tax collected.
2, to solve the problem of the immediate maturity of the need to reorganize the huge amount of national debt.
Trump has raised tariffs all over the world, and he's raised them for a number of reasons, including repatriating manufacturing and forcing the other side to open up their markets, but the most important reason is U.S. debt. In particular, the $6.5 trillion in U.S. debt maturing this June is something he needs to address on an immediate basis. All of his actions during his presidency have been made with the US debt as the goal.
Some people think Trump is a lunatic and a retard, that his behavior is stupid and unpredictable. No, you are wrong. The whole model of electing a president in the United States may elect a lunatic and a retard as president, but the people in charge of coming up with ideas for the United States can never be lunatics and retards.
The U.S. debt expires in June at $6.5 trillion, and $9.2 trillion this year. The U.S. government can't afford to pay it back either in the first half of the year or the second half of the year, so Trump's or the U.S. government's trade blackmail in the beginning was to force countries to subscribe to U.S. debt, and I'm talking about interest-free, 100-year U.S. debt. When countries take their foreign exchange reserves and the future to buy a pile of scrap paper after a hundred years, so that the U.S. debt is instantly emptied, this is the real make America great again!
Of course, even if all countries including China and the European Union buy U.S. debt, the $9.2 trillion in U.S. debt maturing this year can't be bought, so Trump will have to think of other ways to drive money into U.S. debt, and that way is the U.S. stock market.
The U.S. stock market has a huge amount of dollars in its inflated bubble. Just driving the stock market money into the bond market would solve the problem of restructuring the US debt maturing this year. That's why Trump says he doesn't care about the stock market and tells the American people not to care too much about stock market ups and downs. The reason is that he needs hot money to buy newly issued US debt to pay off old debt.
Why would the near 5% interest rate on US debt cause Trump to immediately concede defeat in one night? Why does Trump run off to play golf and not care about the stock market when he is raising tariffs like crazy and the stock market is crashing? Because he just wants the money in the stock market to leave the stock market to go to the debt market. But here is a bug, the money in the stock market does not necessarily run to buy U.S. bonds, the reason is the yield problem. When Trump restructures the debt, he must have lower interest rates on the debt. If the yield on US debt is too high, restructuring new debt would be a loss, and it would be better not to issue it at all.
Why did several Wall Street heavyweights warn that the U.S. stock market was headed for a bear market? Why did Trump dare to send out a video of them manipulating the stock market for the world to see? The reason is that he deliberately drove the money in the stock market to the bond market. His subtext is, the stock market I want to play how I want to play, you do not fool, hurry from the stock market divestment put!
If the world is only the United States a capital market, then his set of logic can succeed. But the world also has China, Europe, Japan can capital hedge, and physical gold. So Trump needs to suppress the price of gold, to raise tariffs to the world, especially China, the EU, Japan, his purpose is to block the flow of safe-haven capital.
The tactic of the US government is this: put tariffs on the world, then global currencies are devalued against the US, and the US absorbs the exodus funds. These funds going to the US have to make a profit to do so, then it is the stock market or the bond market. The stock market has been destroyed and they can only buy US debt. The U.S. government took the opportunity to issue low-interest U.S. bonds, and although they are low-interest U.S. bonds, when you look at the world, this is the only commodity that can be invested in.
So the reason that the US is most at odds with China and the EU this time around is because is that these two markets are the ones that have the power to threaten the dollar repatriation program.
Trump is panicking right now because it is clear that China is not willing to negotiate and is ready to intercept safe-haven capital coming into the US by June of this year. By waiting just two days to voluntarily back down and reduce tariffs on electronics, Trump is trying to hurry up and negotiate with China. He will have to negotiate with the EU next because his real goal is to devalue the yuan and the euro. So even if China is negotiating with the US, Trump's bottom line will be tariffs of no less than 20%. At least that number has to be reached before it could influence safe-haven money to go to China.
But it is becoming clear that China, the EU, Japan, Canada and other countries are not going to give in to pressure from Trump and the US government and they are bound to intercept safe-haven capital. So how does the U.S. government continue to move forward with their plans?
I predict Trump will invade Iran. Trump's goal in invading Iran is simple, drive up costs for industrialized countries like China, force capital in the Middle East to flee for safety, and push up the price of oil.
The Middle East is the world's oil lifeline, and once a war opens up here, the rich and powerful of the Middle East will flee to the United States. Why have countries such as Saudi Arabia recently promised to invest in the United States? In fact, it is to hedge, they have predicted that the United States to invade Iran. Middle Eastern money will continue to flee at an accelerated rate in the future, as China and the European Union's toughness has caused half of America's plan to restructure its debt to fail, so there is now a high likelihood that the U.S. will invade Iran.
During this time the U.S. also sanctioned countries that buy Venezuelan, Iranian, and Russian oil. Its purpose is simple: to force other countries to buy American oil. Because the U.S. wants to use the invasion of Iran to push up the price of oil, and at the peak of the price of oil, it will quickly sign high-priced U.S. oil export agreements with economic entities such as China, the European Union, Japan, South Korea, ASEAN, and others. Then the Americans use the low-priced Russian oil to stimulate manufacturing into the US. This is why Trump wants to sell out Ukraine to bring in Russia.
I've always thought that Trump's driving out illegal immigrants and raising tariffs had the dual purpose of restructuring the U.S. debt and bringing back manufacturing. A lot of people don't believe that the U.S. can grow manufacturing back. In fact, the Chinese can already see the answer, which is automated factories. Relying on a lot of robots can actually grow manufacturing in the US.
As for Iran, we can see if top Iranian officials will visit China recently. If top Iranian officials visit China, that would indicate Iran's determination to resist, and China would likely intervene to prevent a new Middle East war. If top Iranian officials do not visit China, then it means that Iran has capitulated and China will not intervene in the US invasion of Iran.
As for China, it is unlikely that China will have any negotiations or even contact with Trump until June of this year. Because there are a lot of actions that China can conveniently do only when the relationship is very poor.
Bengal71
Trusted Member
Look this type of analysis are aplenty on the net and they tend to be highly complex schemes concocted by the US. The problem with so highly complex schemes is that they depend on too many variables to succeed, the outcome of those variables can never be accurately predicted, rendering the complex scheme useless, thus confirming the non-existence of such schemes.
I think it's just what is out there in the plain and open. Trump hates illegal immigrants, Trump really believes China and the rest of he world are ripping of the US, so there must be tariffs, manufacturing must be brought back to the US, Ukraine war shouldn't have been started and all the stuff he believes in. He did what he believed in, the rest of his team are a combination of morons like him or smart but sycophants. That's the whole story.
I predict there will be no invasion of Iran in Trump's term. I also predict he will likely get some EU countries and Japan to buy some of those bonds and he will have to authorize printing dollars for the Feds to buy back the rest of the bonds. The printing to buy back significant portion of the bonds alone will be a clusterfvk, on top of that if China doesn't back down he is in for a lot of trouble. He simply has no room to start a war with Iran because he will be so embattled under public rage. In his last term he did a lot of fvckery without finding out, in this term he will find out the true meaning of FAFO.
MH.Yang
Trusted Member
The trade war has been fought so far that the situation has become one where the people of the world plus half of the American citizens are rooting for us to defeat the other half of the Americans. How can we possibly want just a trade deal in this situation?
The last time this was the case was World War II.
Suresh Naresh
Trusted Member
lightning f57
Trusted Member
Trumpy with his China obsession seems to have gone senile even before genocide joe did. His dreaming up discussions ongoing with China for a trade deal which in reality have not happened and have been denied by Beijing. His resorted to lying to calm the markets no suprise there.
SolarWarden
Trusted Member
Oops!
Celestials in here.... we don't need the US.
They are cracking
Celestials in here.... we don't need the US.
They are cracking
MH.Yang
Trusted Member
Oops!
Celestials in here.... we don't need the US.
They are cracking
China has an annual ethane production capacity of about 60 million tons and imports about 5 million tons of ethane from the United States. If you think China would be in big trouble with less than 10% less ethane supply, then I can only admire your imagination.
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