Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans
- Thread starter Dalit
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Hamartia Antidote
Elite Member
There is no "Rep Jack Kimble" of the 54th district in California.
The account is a satirical one like "The Onion" and you fell for it.
Here is the account owner posting about the weak-minded people of the world believing this is a real Rep account.
In fact there's only 52 districts in California
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Hamartia Antidote
Elite Member
You actually think Trump's cabinet members understand what you're saying?
Wow another Asian falling for this...
There is no "Rep Jack Kimble" of the 54th district in California.
The account is a satirical one like "The Onion" and you fell for it.
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Hamartia Antidote
Elite Member
Developereo
Elite Member
Australian elections are happening now (I voted today) and both parties are pledging to cut foreign student numbers.
Hamartia Antidote
Elite Member
1980's was definitely not the peak.
It was before the age of plastics and environmental laws of the 1970's
When plastic became the "go to" material things were off-shored.
The Graduate's prophetic call on the rise of plastics in future manufacturing. What we take for granted today was not always the case.
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FuturePAF
THINK TANK: CONSULTANT
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.
Beijingwalker
VIP Member
Markets Soar As Treasury Secretary Reportedly Says Tariff Standoff With China Is Unsustainable And Set To De-Escalate
Scott Bessent reportedly made the comments at a closed-door investor summit
Published Apr 22 2025, 12:35 PM EDT
Treasury Secretary Scott Bessent ANDREW HARNIK/GETTY IMAGES
Markets are soaring on Tuesday after Bloomberg reported that Treasury Secretary Scott Bessent told investors he expects the tariff standoff with China to de-escalate as the current situation is not sustainable.
Speaking at a closed-door investor summit hosted by JPMorgan Chase in Washington, Bessent said that negotiations haven't started but a deal is possible. Markets, which were already up during the session, continue to climb as a result. The S&P 500 is up more than 2.6%, while the tech-heavy Nasdaq 100 jumps over 3.3%.
The Treasury Department didn't immediately answer to a request for comment from the outlet, but the development comes as markets dropped heavily on Monday and Wall Street is set to close its worst April since the Great Depression.
In this context, NYU business professor Scott Galloway said on his "Pivot" podcast that a wave of Fortune 500 CEOs and possibly even some Republican lawmakers will begin publicly criticizing Trump's actions if the scenario doesn't change soon.
"I think you're going to see in the next one or two weeks, a cadre of Fortune 500 CEOs, Republicans stand up, business leaders stand up and say, okay, enough already. While you all claim he's playing 4D chess, at this point we're worried he's going to start eating the pieces. This guy is making the stupidest decisions," Galloway said.
Trump has not given updates about potential deals, especially as one with Japan seems to be stalling, but further scared markets on Monday by again flirting with a red line for Wall Street: forcing the removal of Federal Reserve Chair Jerome Powell, affecting the central bank's independence.
Trump took a new jab at Powell on Monday, saying "'Preemptive Cuts' in Interest Rates are being called for by many." "With Energy Costs way down, food prices (including Biden's egg disaster!) substantially lower, and most other "things" trending down, there is virtually No Inflation. With these costs trending so nicely downward, just what I predicted they would do, there can almost be no inflation, but there can be a SLOWING of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW," Trump said in his social media platform, Truth Social.
Trump is actually studying whether he can dismiss Powell, National Economic Council Director Kevin Hassett said last week.
Markets Soar As Treasury Secretary Reportedly Says Tariff Standoff With China Is Unsustainable And Set To De-Escalate
Markets are soaring after Bloomberg reported on Tuesday that Treasury Secretary Scott Bessent said the tariff standoff with China is unsustainable
www.latintimes.com
Beijingwalker
VIP Member
Many US made weapons are secretly dependent on the Chinese supply chain.
"The scale of the U.S. military’s dependence on China is staggering. Carriers, missiles, aircraft, missile defenses and tanks all rely on components or materials sourced from the People’s Republic. China is the largest foreign supplier of critical technologies for the Department of Defense, ahead of even close allies like the U.K. and Japan. Greg Hayes, the CEO of Raytheon, has stated that it would be impossible for him to decouple from China, as his company relies on thousands of suppliers there.
This dependency gives China unprecedented leverage. It leaves critical military equipment vulnerable not only to sabotage, but also to the risk that Beijing decides to simply close the spigot, depriving American companies of the inputs they rely on. And President Xi makes no secret of his intention to wield foreign dependency as a weapon."
"The scale of the U.S. military’s dependence on China is staggering. Carriers, missiles, aircraft, missile defenses and tanks all rely on components or materials sourced from the People’s Republic. China is the largest foreign supplier of critical technologies for the Department of Defense, ahead of even close allies like the U.K. and Japan. Greg Hayes, the CEO of Raytheon, has stated that it would be impossible for him to decouple from China, as his company relies on thousands of suppliers there.
This dependency gives China unprecedented leverage. It leaves critical military equipment vulnerable not only to sabotage, but also to the risk that Beijing decides to simply close the spigot, depriving American companies of the inputs they rely on. And President Xi makes no secret of his intention to wield foreign dependency as a weapon."
Developereo
Elite Member
To be fair, India has good educational infrastructure; they just need to scale it up. The reason most Indian students primarily go abroad is not to get an education but to emigrate.
FuturePAF
THINK TANK: CONSULTANT
True, but they emigrate because for most there isn’t a comparable life for them to return to back home, especially where they could apply their skills.
Also, many Indians have commented online on many platforms that their educational system isn’t all that it’s cracked up to be, except on the high end; IIT, IIM, etc.
Developereo
Elite Member
Everything is relative and has to be taken in context. India's education infrastructure may not match the West or China but it is damn good for a country at that level of development. And let's remember that the IITs have been around before India's recent economic boom.
The fact is that Hindu society values education, like Chinese society and Western society does, so they will improve their education infrastructure as time goes on.
FuturePAF
THINK TANK: CONSULTANT
Yes, relative to other developing nations, they have done very well with their educational system.
Beijingwalker
VIP Member
Trump admits China’s tariffs will drop ‘but it won’t be zero’
Trump’s massive import taxes have roiled stock markets since he announced them on April 1
Andrew Feinbergin Washington, D.C.
Tuesday 22 April 2025 23:28 BST
President Donald Trump on Tuesday conceded that the 145 percent tax Americans currently pay for most imported goods from China will come down as a result of trade talks between Washington and Beijing.
Speaking in the Oval Office after a brief swearing-in ceremony for Securities and Exchange Commission Chair Paul Atkins, Trump said talks with China were “doing fine” because “everybody wants to have involvement” in American markets. He also claimed that both he and Chinese representatives would be “very nice” in any upcoming talks but maintained that Beijing would ultimately be forced to come to some sort of agreement to bring down the massive tariffs he has unilaterally imposed as part of his unprovoked trade war with China — and the rest of the world.
“Ultimately, they have to make a deal, because otherwise they're not going to be able to deal in the United States, and we want them involved, but they have to, and other countries have to make a deal, and if they don't make a deal, we'll set the deal,” he said.
“We're going to be setting the deal, and it'll be a fair deal for everybody and it'll be — I think it's a process that's going to go pretty quickly.”
Pressed on whether he’d ultimately drop the tariffs he’s imposed on Chinese imports, Trump replied: "It'll come down substantially. But it won't be zero."
The president’s conciliatory new tone on the matter of his signature trade policy comes as the White House continues to insist that his so-called “liberation day” tariff announcement has been a complete success despite leading to record drops in financial markets and worldwide recession fears as a result of the looming trade war he has started.
Earlier in the day, White House Press Secretary Karoline Leavitt insisted that the entire world is beating down Trump’s door to strike new bilateral trade deals as a result of his decision to impose or threaten massive unilateral import taxes on imports from America’s top trading partners in an effort to forcibly undo decades of integration and globalization of complex supply chains.
Trump adviser Peter Navarro told NBC News in a televised interview on April 13 that the administration’s tariff policies could lead to 90 new trade deals during a three-month pause Trump announced on the most severe of the tariffs after the roll-out spooked bond traders. And Trump himself has said 75 countries had reached out in the hope of sealing a trade deal before tariffs were due to kick back in.
Yet more than a week later, not a single new trade agreement has been announced, much less executed, even though Trump has claimed to have met or spoken with representatives from multiple foreign nations.
Asked about the dearth of deliverable trade accords during a briefing with reporters on Tuesday, White House Press Secretary Karoline Leavitt insisted that there has been “a lot of progress” made towards meeting Navarro’s goal.
Yet according to Leavitt’s explanation, the math thus far simply does not add up, with the White House spokesperson acknowledging just a third of what Navarro had boasted about during his television appearance.
She said the administration had received “18 proposals on paper” from unspecified nations, while also noting that Trump’s trade team — Navarro, Commerce Secretary Howard Lutnick, National Economic Council director Kevin Hassett, Treasury Secretary Scott Bessent and US Trade Representative Jameson Greer – had only met with representatives from 34 countries in the week since Navarro’s boast to NBC.
“We are moving at Trump speed to ensure these deals are made on behalf of the American worker and the American people,” said Leavitt.
Trump admits China’s tariffs will drop ‘but it won’t be zero’
Trump’s massive import taxes have roiled stock markets since he announced them on April 1
www.independent.co.uk
Beijingwalker
VIP Member
Trump Says He’ll Be ‘Very Nice’ to China in Trade Talks
Donald Trump Photographer: Al Drago/Bloomberg
By Bloomberg News
April 23, 2025 at 8:55 AM GMT+8
President Donald Trump said he plans to be “very nice” to China in any trade talks, his most positive comments yet since the trade war heated up.
“We’re going to be very nice and they’re going to be very nice, and we’ll see what happens,” Trump said Tuesday in Washington, adding that “ultimately they have to make a deal because otherwise they’re not going to be able to deal in the US.”
He added that he didn’t see the need to say he’d “play hardball” with Chinese leader Xi Jinping.
Beijing indicated earlier this month that it wants to see a number of steps from the Trump administration before agreeing to any discussions, especially reining in disparaging remarks by members of his cabinet.
Beijing had earlier expressed displeasure with comments Vice President JD Vance made about “Chinese peasants,” with one diplomat calling them “ignorant and disrespectful.”
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