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

The U.S. never had the cards; the Chinese learned and learned fast post the Russo-Ukraine War and the first Trade War 1.0 [Trump]. This whole move by the U.S. was poorly done, and in the end, the U.S. has folded.

The only thing left is the replacement of the SWIFT, which China is slowly rolling out.
That's not really going to happen.

If China wants to staff a system that rival SWIFT, they needed 2 things.

1.) A freely tradable RMB
2.) Most of the world on its side.

1 is a non-starter, there are no way China at this point would float RMB, that will cause serious inflation as there are strong, REALLY strong demand on RMB, and Chinese Central bank is intentionally keeping it low circulation.

2. means you need at least EU and 1 of the other 3 (Pound, JPY and AUD) to be on Chinese side. I don't see how this going to get to that point, but even with the current charge from Trump, the relationship between aforementioned country isn't as bad as it portraited to be. I would see investment will drop between EU, Japan et el, but not at a point total separation or even major separation, I also see increase Chinese deal with the aforementioned country, but probably the solution for UK, Japan and EU would be invest in new market, instead of sticking with the old 2.

The term US does not have the card is false, and deceptive, indeed US made a big mistake by going on everyone at once (including our own allies) but US still hold a significant chunk on financial and currency market that Chinese (or just about anyone else) depends on. As said before, even the closet contender EU, they would have to triple their currency circulation in order to take half the US currency market, and they are at 20 or 21%, while China is at 1.6.
 
He's just trying to figure out a similar situation when Covid hit and China's exports sunk.

Which companies are vulnerable to disruption if for instance a war broke out. Where are the surprises.

So far the sky hasn't fallen.



Trump blinks first in own game of chicken! After he already drove the US off a cliff.
 
That's not really going to happen.

If China wants to staff a system that rival SWIFT, they needed 2 things.

1.) A freely tradable RMB
2.) Most of the world on its side.

1 is a non-starter, there are no way China at this point would float RMB, that will cause serious inflation as there are strong, REALLY strong demand on RMB, and Chinese Central bank is intentionally keeping it low circulation.

2. means you need at least EU and 1 of the other 3 (Pound, JPY and AUD) to be on Chinese side. I don't see how this going to get to that point, but even with the current charge from Trump, the relationship between aforementioned country isn't as bad as it portraited to be. I would see investment will drop between EU, Japan et el, but not at a point total separation or even major separation, I also see increase Chinese deal with the aforementioned country, but probably the solution for UK, Japan and EU would be invest in new market, instead of sticking with the old 2.

The term US does not have the card is false, and deceptive, indeed US made a big mistake by going on everyone at once (including our own allies) but US still hold a significant chunk on financial and currency market that Chinese (or just about anyone else) depends on. As said before, even the closet contender EU, they would have to triple their currency circulation in order to take half the US currency market, and they are at 20 or 21%, while China is at 1.6.

When I meant cards, I meant to fold the Chinese; if we talked about it 20-30 years back, it would have been a different story, in my view at least, to force a change by arm-twisting.

I agree it will not happen unless the Chinese make the RMB float, as you put it. I do not foresee the EU bloc, as it will stick with the U.S. due to ideological reasons, but the other three and BRICs would be one possibility. But at this point, I do agree that it would not happen as the Chinese rely on the weaker RMB for exports.
 
When I meant cards, I meant to fold the Chinese; if we talked about it 20-30 years back, it would have been a different story, in my view at least, to force a change by arm-twisting.

I agree it will not happen unless the Chinese make the RMB float, as you put it. I do not foresee the EU bloc, as it will stick with the U.S. due to ideological reasons, but the other three and BRICs would be one possibility. But at this point, I do agree that it would not happen as the Chinese rely on the weaker RMB for exports.
I am a fair trader, and I am actually for Tariff, just not given out in this way, and without a plan to boost production.

This is why I said before, Trump has 4 years, if he uses his first- and second-year presidency to pass bill and try to strengthen the US industry, then you can start with Tariff and use it to strong arm China, that may work for the US had they done it.

But instead, he starts with Tariff within the first 100 days in office, WITHOUT boosting US production, he didn't even wait long enough and warn people long enough to cushion the blow, that is just plain stupid, and then he go ahead and basically levy them to ALL of our allies, that's even more moronic. If you want to go after China, you gank up on China with help from EU and Asian Allies, not giving out tariff like Oprah giving out cars where everyone gets one.

Now it just won't work, because Trump already show his hand, and even if he starts doing what I said before, and come back with another round of Tariff in 2027 or whatever, China can say F you and just ignore him, because they know he will fold.

And his polling is just went to hell, at this point, if things keep on for the next 3 months, we are looking at a Blue Sweep in 2026 mid-term, here are the latest poll number by Newsweek, a Murdoch publication, and it's not at all flattering.

 
He's just trying to figure out a similar situation when Covid hit and China's exports sunk.

Which companies are vulnerable to disruption if for instance a war broke out. Where are the surprises.

So far the sky hasn't fallen.
Yeah, of course, he chickened out into two weeks,otherwise the sky will fell.
 
You know what's difference between steel & luxury product? The markup by the brands has little relation with the cost of production. The factories would make more money selling OEM product than they do subcontracting job for the brands as long as they can achieve sales volume. Utilizing the online marketing would be one way of doing it.

And yes, there are still custom tax, but that's tax on the price of the OEM product, not the price of the brand name unit. But sure, there is no OEM product as everyone is doing everything by the book.
Apparently boy genius doesn't know how duty free shops work. I know for a fact LV bags are made in China. My bro used to import them to sell in Singapore. YES THEY ARE REAL BAGS.
 
He's just trying to figure out a similar situation when Covid hit and China's exports sunk.

Which companies are vulnerable to disruption if for instance a war broke out. Where are the surprises.

So far the sky hasn't fallen.
Have you actually seen China's export for the past 5 years even during COVID? Check out the figures then come back and talk to me. We havea 1 trillion$ surplus now, how do you think that happened? You still think this idiot is planning 4D chess? I thought he would have matured and with Elon's help really make America great again but heck he is still the same idiot who managed to con a white supremacist hitler saluting billionaire.
 
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.

Trump has put pause on tariffs on certain Chinese goods indicating those goods are their vulnerabilities. China can exploit those vulnerabilities by putting outboud tax on those goods going to the USA.
 
Trump has put pause on tariffs on certain Chinese goods indicating those goods are their vulnerabilities. China can exploit those vulnerabilities by putting outboud tax on those goods going to the USA.
If we do that, then Trump will turn the blame on us for destroying the global economy and saddle us with the crime of not negotiating in good faith.

Yesterday the Chinese government has sent Trump a list of things that Trump must do to open negotiations. There is no way Trump is going to accept the terms on that list, this negotiation is not going to happen.
 
Have you actually seen China's export for the past 5 years even during COVID?

That wasn't what I was talking about.
I was talking about when Covid hit China had runners across the world draining the supplies of masks and stuff.

Then when countries tried to restock you cut off exports of the same supplies.

Even your "allies" got shafted.

China Imposes New Export Restrictions for COVID-19 Medical Products​



Pakistani doctors risk lives amid shortage of protective gear​

 
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What's the point of negotiating with Trump's gov, he has no intention of keeping any agreements he signs as shown in his first term.
 
China will wait out Trump. After the midterm elections, if the Republicans still manage to hold on, then China will begin putting some real pressure that the average American will face on a daily basis. If the Democrarts win, they will impeach Trump for real this time and then impeach JD Vance next. The Speaker of the House might be sworn into presidency as the 2028 elections arrive.

Or Trump could launch a hot war against China and the thrust the world into WW3.
 
If we do that, then Trump will turn the blame on us for destroying the global economy and saddle us with the crime of not negotiating in good faith.

Yesterday the Chinese government has sent Trump a list of things that Trump must do to open negotiations. There is no way Trump is going to accept the terms on that list, this negotiation is not going to happen.

Those goods are the vulnerabilities of the US, which is why they paused tariffs on those. If they won't play ball, China should put 145% or more export tax on those goods going to the US, not rest of the world. That would cause immense pain to the US and they won't find replacement for those products elsewhere.

Here are some of those goods. https://defencepk.com/forums/thread...hones-computers-chips-from-new-tariffs.21102/
 
China will wait out Trump. After the midterm elections, if the Republicans still manage to hold on, then China will begin putting some real pressure that the average American will face on a daily basis. If the Democrarts win, they will impeach Trump for real this time and then impeach JD Vance next. The Speaker of the House might be sworn into presidency as the 2028 elections arrive.

Or Trump could launch a hot war against China and the thrust the world into WW3.
Dems will do no such thing, first of all you need 2/3 vote in Senate, good luck with that. Secondly, Dems are the party paid to lose by the oligarchy and they won't upend the system.
 

A dozen US states sue to halt Trump's tariffs

Kayla Epstein - BBC News, New York
Wed, April 23, 2025 at 6:00 p.m. PDT·3 min read


New York attorney general Letitia James

New York attorney general Letitia James [Getty Images]

A dozen US states have joined together on a lawsuit aiming to block President Donald Trump's spate of tariffs that have upended global trade.

The suit, which is led by New York's governor and attorney general, argues that the president lacked the authority to impose the levies. It notes such tariffs must be approved by the US Congress.

Twelve states joined the lawsuit, which was filed with the United States Court of International Trade.

The White House accused New York Attorney General Letitia James of "prioritizing a witch hunt against President Trump over protecting the safety and wellbeing of their constituents".

White House spokesman Kush Desai added that the "administration remains committed to using its full legal authority to confront the distinct national emergencies our country is currently facing—both the scourge of illegal migration and fentanyl flows across our border and the exploding annual U.S. goods trade deficit."

The lawsuit states that tariffs must be approved by Congress and questioned Trump invoking a 1970s law called the International Emergency Economic Powers Act (IEEPA) to enact the levies.

"By claiming the authority to impose immense and ever-changing tariffs on whatever goods entering the United States he chooses, for whatever reason he finds convenient to declare an emergency, the President has upended the constitutional order and brought chaos to the American economy," the lawsuit states.

Trump invoked the IEEPA as the basis for several of his tariffs against China, Mexico, Canada, and other countries.

A president can use the law "to deal with any unusual and extraordinary threat, which has its source in whole or substantial part outside the United States, to the national security, foreign policy, or economy of the United States," if he has first declared a national emergency.

The lawsuit argues that the law does not actually grant Trump the power he claims to derive from it. The act has never been used to issue tariffs by any president, congressional research shows.

Last week, the state of California filed its own lawsuit against the Trump administration over tariffs. That lawsuit also argues that Trump lacks the power under the IEEPA to impose these tariffs. Several other lawsuits have similarly challenged Trump's authority using that law for the levies.

Trump has implemented tariffs on global trading partners in a stated effort to correct what he believes is a trade deficit between the US and other nations.

On 2 April, in an event billed as "Liberation Day," Trump shook the global economy by announcing "reciprocal" tariffs on nations across the world. A few days later amid a market backlash, he announced a 90-day pause on the tariffs and lowered the rate to 10% for most countries.

That pause didn't extend to China, which Trump said had a "lack of respect" and was retaliating. Instead, the US issued a 145% on goods imported from China, which has led to a trade standoff and rattled global markets.

On Wednesday, Trump said he hoped to come to a deal with China soon and noted the 145% tariff was "very high".


The White House has also imposed 25% tariffs on certain goods from it's neighbours, Mexico and Canada.


 

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