Trump 2.0 official thread

[lcloo]

If I am Chinese supplier I will increase my price just a bit that is acceptable to US importers because now this will be Sellers' market instead of Buyers's market

 

[AssassinsMace]

Australia only has a 10% tariff and they’re talking like it’ll be a huge hit to their economy.

The US can’t change the fact that most of the world is going to still move away from allowing the US this much power over their economies. Is Trump still going to threaten a 100% tariff on BRICS countries for moving away from the dollar? Trump revealed the US doesn’t have the kind of power Americans believe they have.

 

[SteelBird]

No deal you say ..Meanwhile

https://twitter.com/i/web/status/1921824613824160185

I have said it before, China needs to follow up the tariff of the US (US 145%, China should also 145%) so that when negotiation, China has the tariff for negotiation. Now China is on the losing side because US's tariff still at 30% while China is only 10%. At the beginning, you might argue that 145% and 125% don't make any difference. But 30% and 10% do make difference.

 

[Jiang ZeminFanboy]

So this meme again

 

[enroger]

Damn, Trump folded so soon, I was hoping for at least three months

 

[daifo]

I have said it before, China needs to follow up the tariff of the US (US 145%, China should also 145%) so that when negotiation, China has the tariff for negotiation. Now China is on the losing side because US's tariff still at 30% while China is only 10%. At the beginning, you might argue that 145% and 125% don't make any difference. But 30% and 10% do make difference.

The 30% will likely go to 10% with a feth precursor ban or export license requirement. Probably done to help give trump a domestic win. Making trump look like a complete idiot helps the Democrats who is also sometimes even worse china hawks since they have better organization and soft skills

 

[Iracundus]

I have said it before, China needs to follow up the tariff of the US (US 145%, China should also 145%) so that when negotiation, China has the tariff for negotiation. Now China is on the losing side because US's tariff still at 30% while China is only 10%. At the beginning, you might argue that 145% and 125% don't make any difference. But 30% and 10% do make difference.

The cancellations in agricultural product orders and the restrictions on rare earths remain.

 

[manqiangrexue]

I have said it before, China needs to follow up the tariff of the US (US 145%, China should also 145%) so that when negotiation, China has the tariff for negotiation. Now China is on the losing side because US's tariff still at 30% while China is only 10%. At the beginning, you might argue that 145% and 125% don't make any difference. But 30% and 10% do make difference.

That's not what the joint statement said. I think it said both sides go to 10%, although I didn't understand why they said they'd remove 24%; I just don't know where the 24% came from. They negotiated to set a baseline. Trump went all over the place from 80% to 245%. There's no way China would negotiate from the standpoint of the tariffs removed instead of the baseline targeted.

From what I remember, this started with US blanket tariffs at 20% on China and China had 0% on the US because China's not stupid so it actually bothers to target its tariff percentage depending on the product (several hundred percent for useless shit like designer shirts and bags, to nothing for things that China benefits and needs). Not sure how this addressed that aspect.

 

[horse]

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Joint statement made. Markets gone up due to it

Overnight the stock futures are up significantly.

Oil is up quite a bit.

Gold is down over $100 bucks.

What should happen next, is someone should fire those idiots like Miran and Ron Vara. A couple a charlatans who know nothing of the real world.

 

[TK3600]

I am actually happy that I was wrong earlier today. Here is the breaking news. Pls do note that the suspension of the tariff, except 10%, is to be for a period of 90 days.

Meaning they will have to make another deal whether to extend the suspension or make it permanent or they could discontinue with this agreement. So it is not over yet.

Joint statement on China-U.S. economic and trade meeting in Geneva​

Politics15:00, 12-May-2025
CGTN , Updated 15:09, 12-May-2025

China and the United States on Monday released a joint statement on China-U.S. Economic and Trade Meeting in Geneva.The following is the English translation of the full text of the joint statement:

Joint Statement on China-U.S. Economic and Trade Meeting in Geneva
The Government of the People's Republic of China ("China") and the Government of the United States of America (the "United States"),
Recognizing the importance of their bilateral economic and trade relationship to both countries and the global economy;
Recognizing the importance of a sustainable, long-term, and mutually beneficial economic and trade relationship;
Reflecting on their recent discussions and believing that continued discussions have the potential to address the concerns of each side in their economic and trade relationship; and Moving forward in the spirit of mutual opening, continued communication, cooperation, and mutual respect;

The Parties commit to take the following actions by May 14, 2025:
The United States will (i) modify the application of the additional ad valorem rate of duty on articles of China (including articles of the Hong Kong Special Administrative Region and the Macau Special Administrative Region) set forth in Executive Order 14257 of April 2, 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining ad valorem rate of 10 percent on those articles pursuant to the terms of said Order; and (ii) removing the modified additional ad valorem rates of duty on those articles imposed by Executive Order 14259 of April 8, 2025 and Executive Order 14266 of April 9, 2025.

China will (i) modify accordingly the application of the additional ad valorem rate of duty on articles of the United States set forth in Announcement of the Customs Tariff Commission of the State Council No. 4 of 2025, by suspending 24 percentage points of that rate for an initial period of 90 days, while retaining the remaining additional ad valorem rate of 10 percent on those articles, and removing the modified additional ad valorem rates of duty on those articles imposed by Announcement of the Customs Tariff Commission of the State Council No. 5 of 2025 and Announcement of the Customs Tariff Commission of the State Council No. 6 of 2025; and (ii) adopt all necessary administrative measures to suspend or remove the non-tariff countermeasures taken against the United States since April 2, 2025.

After taking the aforementioned actions, the Parties will establish a mechanism to continue discussions about economic and trade relations. The representative from the Chinese side for these discussions will be He Lifeng, Vice Premier of the State Council, and the representatives from the U.S. side will be Scott Bessent, Secretary of the Treasury, and Jamieson Greer, United States Trade Representative. These discussions may be conducted alternately in China and the United States, or a third country upon agreement of the Parties. As required, the two sides may conduct working-level consultations on relevant economic and trade issues.

If HK is 10%, then effectively China is 10% not 30%. Total capitulation.