Han Patriot
Registered Member
It was Trump who came begging after caught lying on TV several times mate. Hahahaha. So much for stronk USA.No rush on our side...you could always wait...no pressure remember...take that fishing trip for a few months..
Trump threatens 100% tariffs on BRICS nations over US dollar replacement plans
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Hamartia Antidote
Elite Member
Hamartia Antidote
Elite Member
Han Patriot
Registered Member
Come to China and see the 'protest'.no worker protests here....
LOL. You are not even disputing the fact that Trump lied and caved in. LOLOL
大汉奸柳传志
Registered Member
the record will show China agreed to talks only because you fools begged
not that I think it's a good idea, so to speak
not that I think it's a good idea, so to speak
SolarWarden
Trusted Member
BEIJING STOPS PUBLISHING "HUNDREDS OF STATISTICS" TO COVER UP ECONOMIC COLLAPSE (Zero Hedge)Two weeks ago, when we first reported that as a result of the ongoing Trump trade war with China, "chinese factories are shutting down, laying off workers", we said that as a result of this war of attrition in which the outcome of every incremental clash and battle will be used just as aggressively for media propaganda, "the fact that any marginal pain will be amplified as trade war weakness will mean that Beijing will do everything in its power to prevent the full extent of the shutdowns from being revealed."
Yommie
Elite Member
Toyota announced the disaster losses due to Trump 12:04
socialbites.ca
Toyota announced the disaster losses due to Trump 12:04 - Social Bites
The Japanese Toyota motor automobile company expects a net profit in 2025 fiscal in 2025 financially due to high import tasks. This was reported by the press service of the brand. The company estimates that its net profit will be 3.1 trillion yen (a current current rate of 21.6 billion…
socialbites.ca
Yommie
Elite Member
Toyota will lose its fifth profit due to the tasks of Trump 14: 39
socialbites.ca
Toyota will lose its fifth profit due to the tasks of Trump 14: 39 - Social Bites
The Japanese company Toyota expects a decrease in 21% of the profit in the current financial year due to the tasks of US President Donald Trump. About it reports Reuters. "Toyota motor, the weakness of the US dollar and the impact of President Donald Trump's tasks on the world's largest…
socialbites.ca
Hamartia Antidote
Elite Member
Zero ships from China are bound for California’s top ports. Officials haven’t seen that since the pandemic
On Friday morning, West Coast port officials told CNN about a startling sight: Not a single cargo vessel had left China with goods for the two major West Coast ports in the past 12 hours. That hasn’t happened since the pandemic.
Six days ago, 41 vessels were scheduled to depart China for the San Pedro Bay Complex, which encompasses both the Port of Los Angeles and Port of Long Beach in California. On Friday, it was zero.
President Donald Trump’s trade war imposed massive tariffs on most Chinese imports last month. That’s led to fewer ships at sea carrying less cargo to America’s ports. For many businesses, it is now too expensive to do business with China, one of America’s most important trading partners.
Officials are concerned not just about the lack of vessels leaving China, but the speed at which that number dropped.
“That’s cause for alarm,” said Mario Cordero, the CEO of the Port of Long Beach. “We are now seeing numbers in excess of what we witnessed in the pandemic” for cancellations and fewer vessel arrivals.
The busiest ports in the country are experiencing steep declines in cargo. The Port of Long Beach is seeing a 35-40% drop compared to normal cargo volume. The Port of Los Angeles had a 31% drop in volume this week, and the Port of New York and Jersey says it’s also bracing for a slowdown. On Wednesday, the Port of Seattle said it had zero container ships in the port, another anomaly that hasn’t happened since the pandemic.
“That’s because just nothing is being shipped over,” port commissioner Ryan Calkins told CNN’s Kaitlan Collins.
Protests erupt in China after workers demand back pay as Trump’s tariffs on imports jolt economy
The Tariff War Ignites China’s Social Pressure Cooker, Mass Strikes and Protests Sweep China
huanghong
Registered Member
Chinese exports, aided by tariff dodging, defy Trump’s trade pressure
China’s strong export growth in April, despite sky-high U.S. tariffs, will give Beijing a boost as its officials head to trade talks this weekend.
The overall value of China’s outbound trade rose 8 percent year-over-year in April, according to China Customs data released Friday, following steady increases in the months since Trump took office.
Exports to the U.S. fell by 21 percent last month, when Trump raised the minimum tariff to 145 percent on Chinese goods and Beijing responded with 125 percent tariffs on all American goods. The two sides will sit down in Geneva this weekend for their first talks on trying to de-escalate their trade war, although hopes for a breakthrough are low.
Friday’s data underscored an emerging contradiction in the trade conflict between the world’s two largest economies: U.S. importers are buying less from China but Chinese exporters are shipping as much as before. Shipments to Southeast Asian countries were up by 21 percent, contributing to last month’s stronger-than-expected overall export growth.
China’s strong export growth in April, despite sky-high U.S. tariffs, will give Beijing a boost as its officials head to trade talks this weekend.
The overall value of China’s outbound trade rose 8 percent year-over-year in April, according to China Customs data released Friday, following steady increases in the months since Trump took office.
Exports to the U.S. fell by 21 percent last month, when Trump raised the minimum tariff to 145 percent on Chinese goods and Beijing responded with 125 percent tariffs on all American goods. The two sides will sit down in Geneva this weekend for their first talks on trying to de-escalate their trade war, although hopes for a breakthrough are low.
Friday’s data underscored an emerging contradiction in the trade conflict between the world’s two largest economies: U.S. importers are buying less from China but Chinese exporters are shipping as much as before. Shipments to Southeast Asian countries were up by 21 percent, contributing to last month’s stronger-than-expected overall export growth.
Viet
VIP Member
“shipment to ASEAN up 21 percent”
That’s something those trade MAGA nuts didn’t participate. they totally miscalculated. ASEAN is a growing economic power, so their consumption.
the US as market for chinese goods becomes less relevant. that explains why the Chinese don’t rush in this trade war.
52051
Registered Member
What the MAGAer dont get is, actually China want decoupling now.
Since China plan to take back taiwan in the near future (2027 according to your intel), we will decouple soon or later.
So it is about time to decouple now to get minimum impact since your smartass president start a trade war against the rest world now which give us lots room to decoupling.
Since China plan to take back taiwan in the near future (2027 according to your intel), we will decouple soon or later.
So it is about time to decouple now to get minimum impact since your smartass president start a trade war against the rest world now which give us lots room to decoupling.
Yellow is Okay
Registered Member
US officials say deal struck to cut China trade deficit, details on Monday
A car with U.S. Treasury Secretary Scott Bessent leaves a residence where trade talks between Chinese and U.S. delegations take place in Geneva, Switzerland, May 10, 2025. REUTERS/Denis Balibouse
Members of the Chinese delegation leave a residence where trade talks between Chinese and U.S. delegations take place in Geneva, Switzerland, May 10, 2025. REUTERS/Denis Balibouse
GENEVA, May 11 (Reuters) - U.S. Treasury Secretary Scott Bessent and Trade Representative Jamieson Greer said on Sunday they reached a deal with China to cut the U.S. trade deficit, describing "substantial progress" in high-stakes talks with Chinese officials but offering no details as two days of negotiations concluded in Geneva.
Bessent told reporters that details would be announced on Monday and that U.S. President Donald Trump was fully aware of the results of the "productive talks" with Chinese Vice Premier He Lifeng and two Chinese vice ministers.
Bessent and Greer did not mention any plans to cut punishing U.S. tariffs of 145% on Chinese goods and China's 125% tariffs on U.S. goods.
They took no questions from reporters.
The U.S. Treasury chief has said previously that these duties amount to a trade embargo between the world's two largest economies and need to be "de-escalated."
Greer described the Geneva meetings' conclusion as "a deal we struck with our Chinese partners" that will help reduce the $1.2 trillion U.S. global goods trade deficit.
"And this was, as the secretary pointed out, a very constructive two days," Greer said. "It's important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought," Greer said.
He called Vice Premier He, Vice Commerce Minister Li Chenggang and Vice Finance Minister Liao Min "tough negotiators."
The meeting was the first face-to-face interaction between senior U.S. and Chinese economic officials since Trump took office and launched a global tariff blitz that started with declaring a national emergency over the U.S. fentanyl crisis, imposing a new 20% tariff on Chinese goods in February.
Trump followed with a 34% "reciprocal" duty on Chinese imports in April, and subsequent rounds pushed the rates into triple digits, bringing nearly $600 billion in two-way trade to a standstill.
China had insisted that tariffs be lowered in any talks. Trump said on Friday that an 80% tariff on Chinese goods "seems right," suggesting for the first time a specific reduction target.
Greer said there was a lot of groundwork done before the Geneva meetings on Saturday and Sunday, and that the result would address the national emergency that Trump declared over growing U.S. trade deficits.
"We’re confident that the deal we struck with our Chinese partners will help us to work toward resolving that national emergency," Greer said.
A White House press release that simply repeated Bessent's and Greer's brief comments with no details ran the headline: "U.S. announces China trade deal in Geneva."
The Chinese officials were expected to brief reporters in Geneva later on Sunday evening.
'VERY EAGER'
Earlier, White House economic adviser Kevin Hassett said the Chinese were "very, very eager" to engage in discussions and rebalance trade relations with the United States.
Hassett also told Fox News' Sunday Morning Futures program that more foreign trade deals could be coming with other countries as soon as this week following last week's limited trade deal with Britain that left 10% U.S. duties in place on many UK products.
Hassett said he had been briefed by U.S. Commerce Secretary Howard Lutnick on two dozen pending deals in development with USTR Greer.
"They all look a little bit like the UK deal but each one is bespoke," Hassett said.
Overnight, Trump gave a positive reading of the talks, saying the two sides had negotiated "a total reset... in a friendly, but constructive, manner."
"We want to see, for the good of both China and the U.S., an opening up of China to American business," Trump posted on his Truth Social platform. "GREAT PROGRESS MADE!!!"
GATED VILLA
The negotiating teams met at the gated villa of Switzerland's U.N. ambassador, overlooking Lake Geneva in the leafy suburb of Cologny. Black Mercedes vans with sirens shuttled to and from the venue, which was bathed in bright sunshine.
Neutral Switzerland was chosen as the venue following approaches by Swiss politicians on recent visits to China and the United States.
Washington is seeking to reduce its $295 billion goods trade deficit with Beijing and persuade China to renounce what the United States says is a mercantilist economic model and contribute more to global consumption, a shift that would require politically sensitive domestic reforms.
China's official Xinhua News Agency said in a commentary on Saturday that the United States' "reckless abuse of tariffs" had destabilized the global economic order, but added that the negotiations represented "a positive and necessary step to resolve disagreements and avert further escalation".
With distrust running high, both sides have been keen not to appear weak, and economic analysts had low expectations of a breakthrough.
https://www.reuters.com/world/china/us-china-talks-defuse-trade-row-resume-geneva-2025-05-11/
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