Miscellaneous News

FriedButter

Colonel
Registered Member
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supercat

Major
Another Black Monday?

Tightening the screw: after slapping a 34% tariff on the US, China will enhance rare earth ban worldwide.

China hits back at US tariffs with export controls on key rare earths​

  • Rare earth magnets to be covered by export controls
  • Export controls cover all countries, not just US
  • Manufacturers scrambling for access outside China
  • China's move seen as opening salvo in U.S. trade spat
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Even WSJ no longer has any illusion.

U.S. Tariffs Make Xi Jinping’s Day​

Trump’s global trade war is a strategic gift to the Chinese President.

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David P. Goldman's opinion:
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Glenn: it's false that China only makes cheap stuff.

Big if true:
the People's Bank of China suddenly announced that the digital RMB (Renminbi, Chinese Yuan) cross-border settlement system will be fully connected to the ten ASEAN countries and six Middle Eastern countries, which means that 38% of the world's trade volume will bypass the SWIFT system dominated by the US dollar and directly enter the "digital RMB moment". This financial game, which The Economist called the "Bretton Woods System 2.0 Outpost Battle", is rewriting the underlying code of the global economy with blockchain technology."

"China's strategy" - LMAO:

South Korea presidential ouster part of Chinese strategy to 'expand its regional influence,' expert says​

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Can't wait for manufacturing coming back to the US.
 

Eventine

Junior Member
Registered Member
Shifting investments and exports to the Global South has merit, but US conditions for normalizing trade and dropping tariffs to the Global South will surely include extra-territorial provisions like "don't buy Chinese." The question is, how many countries will bite?

The US strategy banks on the Global South not having the guts to go up against US tariffs and/or sanctions. They're forcing them, essentially, to choose a side instead of sitting on the side lines benefitting from being the third player. If the Global South is smart, they'll establish collective bargaining instead of falling for Trump's bilateral bullying. China would do well to help organize and coordinate.
 

zscstephen

New Member
Registered Member
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sndef888

Captain
Registered Member

No tariff relief for Taiwan and Vietnam unless there's balanced trade. Or someone gets fired.

Pettis is truly one of the most effective weapons in China's arsenal.
I wish they get punished politically for their embarassing capitulation

Ladies and gents, we are watching the final collapse of American hegemony in real time. What a beautiful and exciting time for the world. I hope you all loaded up on puts.
 
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