All the more reason for MAGAs to hate China - they were MEAN to Daddy!
The Americans are panicking over China, they have no idea what do do and are just making knee-jerk responses pretending they are doing something and looking ‘tough’ in the eyes of Americans. Yet what exactly can they do to a country that has 3 trillion US dollars in ‘spare change’ of your currency and holds US$759 billion in your treasury bills?
The fact is, just like the financial meltdown a while back, China will just use this opportunity to buy up even MORE of American manufacturing, invest in building more US manufacturing plants (using American slave labor wage workers) and soon the US will be nothing more than a branch plant country for Chinese corporations, all profits returning back to China.
Art of the deal
You’re fucked when the other party has read it too.
You say “too” here, but it’s doubtful that Trump has actually read his book.
He famously had it ghost written, but fucked up the deal hard enough that his ghost writer got full writing credit on the cover.
I don’t think anyone needs to read his book up know he’s a fuck up. China doesn’t care how much we try and upset their apple cart, they aren’t going to play Trump’s game.
china is well-versed in a different text, the art of war.
China hasn’t been involved in a war since its conflict with Vietnam in 1979, what are you talking about??
I was making a joke.
Yup. Donald Trump is a joke.
I don’t think you’ll find anyone in the fediverse that disagrees.
Shart of the deal
Fart of the Seal.
The Fart and The Squeal
The best next step:
China does nothing (keeps their tariffs)
I hope. I’ll miss my cheap goods but I have enough. I feel bad for young americans as cheap goods was one of the only perks left to living in this country.
Cheap gas I guess will be one of the last dominoes to fall. That, and the collapse of the petro-dollar system, will be the final nails in the coffin of our economy.
best deal in the history of deals
That’s very possible. Trump gave them excuse to do this. They already set up a deal with Korea and Japan (and each two hate each other), and if they would set up a trade deal with EU then the US will be the only loser.
Trump really hurt US with the tariffs on everyone (except Russia, North Korea and Belarus)
That’s business school from a guy who ran casinos into the ground. Nice work America.
I thought the consensus was that was money laundering?
I found this https://www.cnn.com/2017/05/22/politics/trump-taj-mahal/index.html
So it’s at least alleged and they paid to settle. But wouldn’t you want to keep your laundry working? Idk
They probably figured out better ways to do it through Trump org and not have to subject themselves to casino regulator investigations.
It’s true. “Casinos,” plural. CASINOS PLURAL, EVERYBODY.
y’all are spelling ‘russian money laundering operations’ wrong.
Even worse. How does one bankrupt a Russian money laundering operation? You’d think they would do their best to keep that shit running.
I think they intentionally go out of business before the Feds have a chance to investigate it.
They were actually fined for undeclared foreign transactions, but it was during their bankruptcy so it got mostly ignored by history
And you’d certainly want to keep your American fence on a tight leash for the foreseeable
Absolutely not. Bankruptcy proceedings get your financial records gone over with a fine tooth comb. You need to keep your cover business healthy within reason to fly under the radar. You didn’t see the mob casinos going bankrupt.
Nah, nah, nah, see “Russian money laundering operations” is the synonym for the hotels and university.
The shart of the deal.
The shart that is too real
交易的艺术
I think Xi might have figured out Trump’s secret. He has no fucking clue what he’s doing. He scares people into reacting by being reckless, then claims a win for getting a reaction.
Ignoring trolls takes their power away.
This only works if you’re China. Most other countries would just be ignored
Putin has had trump’s number for years
Not really, he backed down on tariffs last week thanks to Canada and Japan. The truth is, Trump has put the US into a very, very precarious position. They have a lot of debt to refinance soon, and if the rest of the world wanted to, they could dramatically increase the interest rates paid on that by coordinating a sell-off of US debt.
i wpuld love to see that happen, but i don’t think they will
I hope other leaders learn from this.
https://snyder.substack.com/p/the-weak-strongman
Basically, this strategy Trump and Putin and their ilk do never works outside of their little bubble. Their whole game is to tear everyone else in their sphere of influence down to their level, so that they can compete effectively and dominate, but there are always significant threats outside of the sphere. Against which we are now more or less powerless.
“Never interrupt your enemy when he is making a mistake.”
(“Quand l’ennemi fait un faux mouvement, il faut se garder de l’interrompre” --Napoleon)
“secret”
They’re not really ignoring him though. They’ve discontinued exports of rare earth and are dumping debt. It’s a calculated strategic response to capitalise on an epic mistake.
China discovers the secret to life:
Don’t feed the trolls.
never interrupt your enemy while he is fumbling his shit. or something.
Haha yes
Big flex from China. I’m waiting for a country to call trump’s bluff by putting an export tax on their own goods sent to the USA.
If only… America holds 20% of global purchasing power so an export tax like that would result in needing to lower local interest rates to boost domestic productivity, which would decrease foreign investment, eventually weakening the local currency.
It would be hilarious if a country that exports very little to nothing to the US did it to make a point though. Totally on board with that.
China is already weakening their currency to keep their exports (worldwide) more attractive.
America
holdsheld 20% of global purchasing power…Truth be told, I think the only thing we really produced in the US was the US dollar. Sounds like it’s the number 1 export for the US, and trump just toppled demand for it.
Oh this makes so much sense, it really all boiled down to this.
Canada should have done this on everything. If the Americans can afford the tariff then there is room for us to charge more. Not really but yeah should do it.
Or, they just pay the tariff themselves. Could you imagine China going, “Cool bro, we’ll just absorb the cost ourselves. Now what?”
That wouldn’t really do much for China. The reason the tariffs hurt us is that we sent all our manufacturing to them (along with a few other countries). So the tariffs only make our stuff cost more. Footing the bill like that would just weaken China’s position.
I mean, that’s what trump said they would do. That would make him look like a genius.
a s̵͎̣̫̼͙̄͂̀̇̚ṱ̵̨͓̹̮̪̖͈̐̏̓̅̈́͗͂̓̕͘a̶̢͉̦͈̬͛̐̎̉b̶̭̝̈́͒̆̓̇̀͛͛͠͝͝l̶̬̥͙̗̪͈͖̜̗̮̆̀̅̓̍͑̍́̓̈e̶̡̛̦͓̰̭̘͆̏̊̉͘one
What would happen is the US dollar would be weaker, profits selling to the US weakened. It would still harm us primarily.
Despite that, Fox News will continue stacking his invisible laurels. Doesn’t matter if his policy does anything. All that matters is that his followers are convinced that the policies are doing something.
Technically crashing the entire fucking economy in like a month is doing something
One hundred percent spot on.
Everyone turn on your ad blocker and go look at that website, it’s (2024-)incredible it’s legal to be so disingenuous
I made the mistake of visiting yesterday and I will never not be dumber because I read their first seven headlines plus at least a dozen comments
That’s right, those headlines are the dumbest things you’ve ever seen on the planet… but then you scroll to the bottom of an article
Pray for me
There’s no way in hell I’m going to any conservative propaganda site.
tl;dr it’s worse than I thought
I’m not strong enough to admit that I hoped there would be one story where they weren’t jamming it down their throat and begging for more
You’re far braver than I am, my friend.
🙏 thanks for reporting your findings. Hope you recover soon.
Dealing. Is an art.
Too much art, not many deals. 😔
And now:
Trump clarifies some of the tariffs were actually 245% for some unknown reason
Small brain think smart. Fat man think tough. Ignorance knows no bounds when others pay the price of bad decisions.
Nobody knows what’s going on.
Least of all Trump
What a fucked up world where we are cheering on China. Fucking trump.
What moral high ground you think you had before?
The workforce is unionizing even if their union is pretty terrible.
Definitely just a toss up of where this is going.
Which workforce? The Chinese? There’s only one union and it’s run by the government. Any non-government unions are illegal.
The US is gaining a new interest in unions, but we have our own anti-union laws to deal with. Not as bad China’s obviously.
Anti union in a socialist society…SMH sigh…
We need a vanguard party because the proles are too dumb to save themselves. We’ll prove it by banning unions that aren’t under our thumb.
such a socialist country where union protests lead you to being disappeared
Oh sorry, did I say socialist? China lines up better as a fascist economy.
Yeah in a global environment essentially China is the workforce/factory workers of the previous gilded age.
And it’s pretty much exactly my point that their union (the government) is finally pushing back against the management while being not exactly kind to their workers.
We are essentially reliving through a new worker rebellion but from the governments of the global south with their own layers of local nuance underneath that.
Weird times.A government is not a union.
The rebellion is mostly demographics. We are at a point, where globalization reached most countries. At the same time births are around 138million ± 5milliion since 40 years. China itself even has population decline.
Predictable dictator is better than batshit crazy dictator.
Xi is more than happy to have a scapegoat for his economic troubles so the people and the powerful don’t hang him. Trump sometimes wants to speed run into the hanging and then realizes he really can’t piss off his own power base if he wants to keep his neck.
Red > orange
If they suck at each other, then that’s way less bad. Root for simultaneous knockout punches.
And what, exactly, is wrong with cheering for China? They have never invaded a foreign sovereign nation in their entire 400 year history. They have been invaded by a lot of other countries, however.
They both suck.
Say what you will about China’s political system. At least it is much more of a meritocracy. The politicians who climb up the ranks are the ones who have a proven record of achievements.
In the US the people can elect a charlatan with no experience whatsoever, i.e. an outsider, and some will spin this as a good thing. Would you hire an outsider doctor or plumber?
The politicians who climb up the ranks are the ones who have a proven record of achievements
I don’t know where you got that from.
deleted by creator
Wait, based on what are you saying this? That’s a complicated to verify claim.
How is it a complicated to verify claim? Even if you choose to ignore the obvious outcomes, there’s plenty of publications and studies about it. That’s the problem with limiting yourself to “China experts” from the West, they never bother to learn the language or learn about China’s history and politics.
https://link.springer.com/chapter/10.1007/978-981-19-8057-2_23
In China all politicians including the premier start out as civil servants and a required to pass an entrance exam and have to climb up the ranks.
The US could probably adopt some of this without changing too much. A simple spelling test could have weeded out Trump. Ideally, a number of years of experience in civil service/local politics, should also be required to run for president.
It should be be implicitly obvious so it shouldn’t be explicitly stated. But we are simply comparing how the two systems position people of power. It is not about the people themselves in the positions. Think of it like a company that has its CEO climb up the ranks from an entry level employee vs a company that brings outsiders. Except the latter company leaves the decision to mostly an unqualified mass that sometimes hires a highly unqualified person. Both companies can be evil, or the former evil and the latter good, none of this matters to the point that I’m making.
Not really the CCP is basically using a reformed Mandarin system. To rise within the ranks of the party they look at a combination of how well the thing you administered (e.g. a state factory) performed in comparison to whatever is comparable, as well as opinion polls of the local population, which aside from making sure that you won’t be hated (which could cause disquiet and if there’s one thing the CCP doesn’t want then that’s that) also doubles at sniffing out manipulated numbers, the people are generally quite good at spotting corrupt officials. If you rank well within your cohort you get promoted from administering a factory to administering local industry, then regional, etc, etc. What doesn’t happen any more is grading people based on how good their poetry is as well as cutting off their balls but the basic system is, broad strokes, similar to how Imperial China educated and selected its civil servants.
That doesn’t mean that there’s not corruption and grift going on, there’s still some degree of princeling privilege but it’s basically impossible to fail upwards in the CCP. Knowing people or being someone’s kid might open some doors, but it’s not going to guarantee you anything. It also means that the top ranks are full of for lack of better characterisation engineer bureaucrats.
Or, put differently: If the CCP was completely incapable they would’ve long lost power. Their whole legitimacy hinges on being perceived as good administrators, they know that, and they’re doing their darnedest to not lose it. Propaganda and secret police alone is not sufficient, history has shown that again and again, you actually need to be good at stuff that’s important to people or they cease to tolerate you.
At least it is much more of a meritocracy.
This isn’t at all true. It has the same corruption as everywhere else. Those in power do everything they can to keep it. Why do you think Pooh Bear got himself made president for life? That wasn’t on merit, he just had enough political power to make it that way.
He got up to the point that he can do that through merit. He didn’t suddenly get elected as premier. The point I’m trying to make went right past you.
This isn’t about Xi himself or Trump himself. It is about how those in power get there. I tried giving an analogy in my other comment.
Dude, fuck the CCP, just like because the GQP are turds doesn’t mean the CCP are the good guys
They didn’t say the CCP are good, they said they are competent.
There is just no way in hell that Xi Jinping (age 71 right now) keeps being the best option for China’s leadership for 10+ years under a meritocratic ideal.
He’s better than Trump obviously but so is a warm piece of cow shit.
The politbureau/party can still elect a new leader even if term limits are removed. There is democracy for “qualified voters” in China.
Not sure whether Xi keeping the job is faltering of the CCP’s ideal of collective leadership, or him being the guy the collective leadership wants as figurehead. They certainly don’t want a second Mao that’s for sure.
