• Welcome to AppraisersForum.com, the premier online  community for the discussion of real estate appraisal. Register a free account to be able to post and unlock additional forums and features.

China has just won the Trade War

Status
Not open for further replies.

China Called Trump’s Bluff​

When President Donald Trump launched his trade war on the world, he issued a stern warning: “Do not retaliate and you will be rewarded.” China ignored the warning. It was rewarded anyway. This morning, Trump largely suspended his trade war in return for nothing but promises of ongoing discussions. There is a lesson here for everybody Trump threatens, whether countries or businesses or universities.
The unveiling of the Trump global tariff regime was accompanied by a distinct form of dominance theater. The president and his gang assured his targets that if they submitted to his tariffs, he would repay their compliance. Any country that dared defy him would suffer terribly.

“I wouldn’t want to be the last country that tries to negotiate a trade deal with @realDonaldTrump,” posted Eric Trump. “The first to negotiate will win—the last will absolutely lose. I have seen this movie my entire life.”

Most of the world accepted this advice, only to discover the difficulty of making global trade deals with a president who doesn’t seem to understand how trade works. Foreign diplomats expressed repeated frustration as they failed to ascertain what Trump even wanted from them, let alone what he was prepared to offer in return. To date, only the United Kingdom has managed to resolve its trade status with the United States.

China, however, retaliated with countermeasures of its own, imposing steep tariffs on American imports. Trump decided to make an example of the country. “Based on the lack of respect that China has shown to the World’s Markets, I am hereby raising the Tariff charged to China by the United States of America to 125%, effective immediately,” he announced on Truth Social. (This figure eventually increased to 145 percent.) Other countries, which had showed proper respect, would receive a merciful reprieve. “The world is ready to work with President Trump to fix global trade, and China has chosen the opposite direction,” claimed Commerce Secretary Howard Lutnick.

Trump held out for one month before backing down. Under the new 90-day agreement, tariffs on Chinese goods will come down to 30 percent; China’s tariffs on American goods will likewise decline to 10 percent. “The consensus from both delegations is that neither side wanted a decoupling,” Treasury Secretary Scott Bessent announced at a press conference in Geneva, as if the whole thing had been one big misunderstanding. The decades of China allegedly “ripping off” the United States were apparently forgotten, along with China’s insolence in retaliating and the supposed need for the U.S. to reduce its reliance on Chinese imports. The administration isn’t even pretending that it forced China to pay any special price for its defiance. It is memory-holing the entire “do not retaliate” episode and moving on as if the point this whole time was to get along better with Beijing.

As an exercise in trade policy, this makes no sense. But to treat Trump’s behavior as if it were narrowly tailored to the objective of reordering global trade misses the symbolic role it plays. Trump is performing a character, the presidential version of the boss he played in The Apprentice, sitting in a plush leather chair doling out justice to quavering supplicants.

TRUMP TRIED AND FAILED MISERABLY.
Here is a more fitting avatar for you

1747100071074.png
 

China sees the U.S. trade deal as a huge win for Beijing​

Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the U.S. as a victory and a vindication of Beijing’s negotiating strategy.

They are arguing that their defiant public posture worked and was a major reason they were able to strike a deal with U.S. officials in Switzerland with relatively few concessions.

“China’s firm countermeasures and resolute stance have been highly effective,” said a social media account linked to China’s national broadcaster CCTV.

In the eyes of the Chinese public, negotiators from Beijing appear to have convinced President Donald Trump’s administration to roll back most of the 145% tariff rate that Trump imposed, and slash them to 30%.

TRUMP BLINKED.
 

China sees the U.S. trade deal as a huge win for Beijing​

Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the U.S. as a victory and a vindication of Beijing’s negotiating strategy.

They are arguing that their defiant public posture worked and was a major reason they were able to strike a deal with U.S. officials in Switzerland with relatively few concessions.

“China’s firm countermeasures and resolute stance have been highly effective,” said a social media account linked to China’s national broadcaster CCTV.

In the eyes of the Chinese public, negotiators from Beijing appear to have convinced President Donald Trump’s administration to roll back most of the 145% tariff rate that Trump imposed, and slash them to 30%.

TRUMP BLINKED.
1747114309274.png
 
Trump blinked. America won.
 
Maybe get your history right, China extensively helped Vietnam during the war.

January 1950, the Democratic Republic of Vietnam (DRV) was officially recognized by the PRC. This changed the situation in the First Indochina War with the Viet Minh and directly influenced the Vietnam War later on. The Chinese government, under the administration of Mao Zedong, took an active role in the First Indochina War. In April 1950, the Viet Minh formally requested military aid including equipment, advisors and training. The PRC began to send their advisors and later form the Chinese Military Advisory Group (CMAG) to assist the Viet Minh, led by General Wei Guoqing, along with Senior General Chen Geng. This is the beginning of China’s assistance. And prior to Vietnam splitting into North and South

https://en.wikipedia.org/wiki/China_in_the_Vietnam_War
Yes, China, helped Vietnam against the French in the 1950's and 1960's as they fought against the US, but only a truly ignorant person would not understand that this was only a temporary thaw in the realtions between Vitenam and China (to fight against the capitalist west) and not understand the long and bitter rivlary between Vietnam and China, which resulted in a 10+ years border war between the 2 nations in the 1980's with several thousand casualties on both sides and ongoing disputes over the South China Sea.....although I am not a huge Wikipedia fan, here is an Wiki article on the history of Chinese-Vietnamese relations....I suggest that you attempt to cure your profound ignorance by reading it.
 

China sees the U.S. trade deal as a huge win for Beijing​

Chinese officials, influencers and state-run media on Monday were casting the initial trade agreement and 90-day tariff pause with the U.S. as a victory and a vindication of Beijing’s negotiating strategy.

They are arguing that their defiant public posture worked and was a major reason they were able to strike a deal with U.S. officials in Switzerland with relatively few concessions.

“China’s firm countermeasures and resolute stance have been highly effective,” said a social media account linked to China’s national broadcaster CCTV.

In the eyes of the Chinese public, negotiators from Beijing appear to have convinced President Donald Trump’s administration to roll back most of the 145% tariff rate that Trump imposed, and slash them to 30%.

TRUMP BLINKED.
While I don't love some of what Trump says and does, only a fool would beleive anything that the ChiComs have to say on the subject of trade negotiations (or anything else) and only a complete moron would actually quote anything they have to say in support of thie point of view.
 
Russia provided more aid to N. Vietnam than did China by far
Yes, only someone who is completely ignorant of Asian history would not realize the historical and ongoing animosity between the Vietnamese and the Chinese.
 
China is always about saving face regardless of what happens.
 
China is like the big AMC who thinks they rule the lenders. And the idiots here want china to have more power. I see a shifting to other world powers that can become our allies and become stronger than china. Nobody else out there who wants to be stronger. Well, we will see. Not sure about europe though, they might be dead as a race.
 
Status
Not open for further replies.
Find a Real Estate Appraiser - Enter Zip Code

Copyright © 2000-, AppraisersForum.com, All Rights Reserved
AppraisersForum.com is proudly hosted by the folks at
AppraiserSites.com
Back
Top