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(04-08-2025, 09:59 AM)quintessentone Wrote: If Ultrabudgie's data is correct, ATS should be back up and running shortly. Thank goodness, then we can get back to the heart and soul of DI, that being of 'high value'.
Anyway, China vows to 'fight to the end' in this tariff war. Good luck to the Americans, they will need it because doesn't the U.S. owe China a big monetary debt (8.9% - that's a large chunk, IMO)? China imposes 34% tariffs on U.S. imports - that's gonna hurt.
No worries.
I'm being told on here that everything in Trumpland is all just fine and dandy.
It's all good, so good....
I now know why I am called a grown up. Every time I get up I groan.
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(04-08-2025, 10:40 AM)Oldcarpy2 Wrote: No worries.
I'm being told on here that everything in Trumpland is all just fine and dandy.
It's all good, so good....
You know very well not to engage with the cult...it's a lost cause until the FAFO leave the MAGA cult, when it affects them or their pocketbooks directly.
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Who, or what, is FAFO?
I now know why I am called a grown up. Every time I get up I groan.
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04-08-2025, 10:56 AM
This post was last modified 04-08-2025, 10:58 AM by quintessentone. Edited 1 time in total. 
(04-08-2025, 10:49 AM)Oldcarpy2 Wrote: Who, or what, is FAFO?
It stands for F**k around and find out! And it's a youtube specialty featuring hardcore MAGA who f**ked around and found out when they or their family members or friends lost their jobs because of Trump's policies, and just realized that they are paying more for everything. They are on youtube crying and whining now and the non-MAGA are not being empathetic to them.
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(04-08-2025, 09:59 AM)quintessentone Wrote: If Ultrabudgie's data is correct, ATS should be back up and running shortly. Thank goodness, then we can get back to the heart and soul of DI, that being of 'high value'.
Anyway, China vows to 'fight to the end' in this tariff war. Good luck to the Americans, they will need it because doesn't the U.S. owe China a big monetary debt (8.9% - that's a large chunk, IMO)? China imposes 34% tariffs on U.S. imports - that's gonna hurt.
Fight till the end, which will be 2-3 months at the most otherwise it gets too close to thier month-long Chinese NewYears/February which everything is virtually shut down in a lot of manufacturing categories. IF the tariff war with China last till August my business is screwed, but so is China. My industry will seek out other countries I'm positive other industries will do the same.
Mexico and India both have improved thier textiles and apparel and both are still large exporters of low end goods
Why would China chuck 12% of thier total exports? Thats cutting off your nose despite your face. This is just the opening salvo to negotiations.
10s of thousands of suppliers in China do nothing but sell to the US, especially in textiles/apparel and other high-volume items.
Pretty much 10%- 12% of thier workforce would no longer be needed, and no other country or countries are going to replace that consumption.
Temu alone has warehouse space all over the US...
https://www.newsweek.com/china-cant-win-...on-2056525China Can't Win a Trade War Against the U.S. for One Simple Reason
Quote:China is in a precarious position now and desperately needs the American market. Worse for Xi, Trump holds all the high cards.
Nonetheless, Hass has gauged the mood in the Chinese capital correctly.
As Hass indicated, Xi has been looking for a fight. The Chinese leader could have avoided the so-called "trade war" by ending his predatory and criminal practices, especially the deliberate building of manufacturing "overcapacity," which forces China to flood the world with goods.
Xi, despite best advice from around the world, has continually rejected consumption as the basis of the Chinese economy. In fact, his economic system is geared to depressing consumer sentiment. For instance, deposit interest rates at banks have been kept artificially low to support state lending to, among other things, factories. That, of course, undermines consumer spending.
Xi Jinping certainly does not believe in empowering citizens. Moreover, as Zongyuan Zoe Liu writing in Foreign Affairs notes, the Communist Party leadership also abhors consumer spending, believing "consumption is an individualistic distraction that threatens to divert resources away from China's core economic strength: its industrial base."
By bolstering manufacturing, China's leader is pleasing core Communist Party constituencies, helping struggling state banks, and building China's war machine. Xi Jinping's policies are currently aggravating the overcapacity problem, not mitigating it.
Xi dared a tariff-loving Trump to impose tariffs on China. The trouble for the Chinese leader, however, is that the objective factors show that China cannot win a trade war.
For one thing, China's economy is less than two-thirds the size of the American one. Last year, the U.S. produced about $29.2 trillion in gross domestic product. China's National Bureau of Statistics reported $18.8 trillion, a number almost certainly inflated.
Moreover, China is the trade-surplus economy. America's merchandise trade deficit with China hit $295.4 billion last year. That deficit is 5.8 percent greater than 2023's.
Trade-surplus countries have no ammunition in trade wars. They are the ones with everything to lose.
Xi Jinping, because he has rejected consumption, has placed almost all his bets on exports to rescue his failing economy, which did not grow at the 5 percent pace reported for last year. At the moment, indicators suggest China is in a deflationary spiral and so may not be growing at all.
"President Trump's broken their business model with these tariffs," Treasury Secretary Scott Bessent told Tucker Carlson in an episode of Carlson's show that premiered on April 4. "They've just got such a big deficit with us that they need our markets. They can't survive without them."
Xi, in short, has placed the fate of the Chinese economy in the hands of the leader of that irreplaceable export market, the American one. Trump, therefore, can now decide the future of China. "I wouldn't want to be in Xi Jinping's shoes right now," American trade expert Alan Tonelson told Newsweek on Monday "There are empty chambers in his six-shooter."
https://x.com/i/grok/share/EEXGSzrtCM8aBsS7r5tq6pd7m
Based on the most recent data available as of April 8, 2025, here’s an overview of China’s exports to the United States by cost and product. The figures primarily reflect 2023 and 2024 data, focusing on goods trade, as services data is less detailed in the provided references.
Total Value of Exports - 2023: China’s exports to the U.S. were valued at approximately $501.22 billion, according to the United Nations COMTRADE database reported via Trading Economics.
- 2024 (Estimated): U.S. goods imports from China totaled $438.9 billion, up 2.8% from 2023, per the United States Trade Representative (USTR). This suggests a slight decline in China’s reported exports when compared to the previous year, possibly due to differences in reporting methods or adjustments like de minimis trade (small shipments under $800 often excluded from tariffs).
Major Product Categories
China’s exports to the U.S. span a wide range of goods, predominantly manufactured products. Below are key categories based on available data and general trends from sources like the Observatory of Economic Complexity (OEC) and USTR:
- Electronics and Machinery
- Description: Includes smartphones, laptops, integrated circuits, and transmission apparatus (e.g., radio and telecom equipment).
- Estimated Value: Electronics are a cornerstone of China’s exports. In 2022, globally, "Transmission apparatus for radiotelephony" was valued at $236 billion and "Monolithic integrated circuits" at $153.9 billion (OEC). Assuming the U.S. takes about 16-17% of China’s total exports (consistent with 2022’s 16.22% share to the U.S.), these could contribute roughly $40-50 billion and $25-30 billion, respectively, to U.S. exports.
- Context: The U.S. imports significant amounts of consumer electronics like phones and computers, with China as a primary supplier.
- Computers and Storage Units
- Description: Includes storage units and parts for automatic data processing.
- Estimated Value: Globally, "Storage units" exports were $127.76 billion in 2022 (OEC). For the U.S., this might translate to $20-25 billion annually.
- Context: These are critical for tech industries and consumer goods like PCs and servers.
- Electrical Equipment
- Description: Includes electric accumulators (batteries) and lithium-ion products.
- Estimated Value: Global exports of "Electric accumulators" were $51.56 billion in 2022 (OEC), suggesting a U.S. share of about $8-10 billion.
- Context: Driven by demand for electric vehicles (EVs) and renewable energy storage.
- Transportation Equipment
- Description: Includes electric vehicles (EVs), parts, and industrial robotics.
- Estimated Value: Specific U.S. figures are less clear, but EVs and related components are growing. Posts on X suggest EVs as a notable export, though tariffs and competition may limit volumes. Likely in the $5-15 billion range based on global trends.
- Context: China’s EV exports are rising globally, though U.S. tariffs (e.g., 27.5% currently) restrict this market.
- Textiles and Apparel
- Description: Clothing, footwear, and fabrics.
- Estimated Value: Historically significant, though exact 2023-2024 figures are not itemized here. In 2022, consumer goods (including textiles) were 35.11% of China’s $3.59 trillion exports (OEC), or $1.26 trillion globally. For the U.S., this could be $50-70 billion, aligning with past patterns.
- Context: A major category, often shipped via de minimis channels to avoid tariffs.
- Toys, Games, and Furniture
- Description: Includes toys, household furniture, and sporting goods.
- Estimated Value: Likely $20-30 billion, based on historical U.S. import trends (Statista 2023 data notes $427.23 billion total imports, with these as notable segments).
- Context: High volume, low-cost goods, often under de minimis thresholds.
- Pharmaceuticals and Chemicals
- Description: Active pharmaceutical ingredients (APIs) and basic chemicals.
- Estimated Value: Growing but smaller, possibly $5-10 billion.
- Context: U.S. reliance on China for APIs has been a policy concern.
Observations - Trade Balance: The U.S. imported $438.9 billion from China in 2024 while exporting $143.5 billion, yielding a trade deficit of about $295.4 billion (USTR). This aligns with 2023’s $279.4 billion deficit (Statista).
- Share of Total Exports: The U.S. accounted for about 12.4% of China’s total goods exports in 2024 ($438.9 billion out of an estimated $3.54 trillion, per X posts), down from 16.22% in 2022 (OEC).
His mind was not for rent to any god or government, always hopeful yet discontent. Knows changes aren't permanent, but change is ....
Professor Neil Ellwood Peart
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(04-08-2025, 09:58 AM)xuenchen Wrote: Already they're nervous 
--> Art of the Deal: EU Offers Trump ‘Zero-for-Zero Tariffs’ on Industrial Goods with United States <--
[Image: https://media.breitbart.com/media/2025/0...40x480.jpg]
What Trump does here will be interesting for my industry, we get lots of high-end apparel from Europe, and most are already too expensive for most American markets any more price increases and there will be no room for markup.
His mind was not for rent to any god or government, always hopeful yet discontent. Knows changes aren't permanent, but change is ....
Professor Neil Ellwood Peart
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(04-08-2025, 11:19 AM)putnam6 Wrote: Fight till the end, which will be 2-3 months at the most otherwise it gets too close to thier month-long Chinese NewYears/February which everything is virtually shut down in a lot of manufacturing categories. IF the tariff war with China last till August my business is screwed, but so is China. My industry will seek out other countries I'm positive other industries will do the same.
Now what do we think all of this is really about? I think it's Trump being misguided in his goals. He could easily fill the coffers just by taxing his billionaire buddies and not go the tariff route.
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(04-08-2025, 10:56 AM)quintessentone Wrote: It stands for F**k around and find out! And it's a youtube specialty featuring hardcore MAGA who f**ked around and found out when they or their family members or friends lost their jobs because of Trump's policies, and just realized that they are paying more for everything. They are on youtube crying and whining now and the non-MAGA are not being empathetic to them.
Thanks. I see.
I keep getting told I have TDS. By folk who seem to be suffering from acute Trump Denial Syndrome....
I now know why I am called a grown up. Every time I get up I groan.
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04-08-2025, 11:35 AM
This post was last modified 04-08-2025, 12:57 PM by quintessentone. Edited 1 time in total. 
(04-08-2025, 11:33 AM)Oldcarpy2 Wrote: Thanks. I see.
I keep getting told I have TDS. By folk who seem to be suffering from acute Trump Denial Syndrome....
Don't feed the trolls.
More on the MAGA vote regretters and now the farmers too.
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(04-08-2025, 11:28 AM)quintessentone Wrote: Now what do we think all of this is really about? I think it's Trump being misguided in his goals. He could easily fill the coffers just by taxing his billionaire buddies and not go the tariff route.
That could be because taxing "his buddies" doesn't increase American jobs or provide relief for the American consumer.
You do know LOTS of other countries have large tariffs and large trade imbalances against the US, like the EU why are thier tariffs and China's and India's OK? Why cant American companies sell into those markets when their companies can easily sell into ours
Already with the few countries that have zeroed out tariffs is a boon for some industries, LOL not mine yet. But others like Steel, Automotive, and Cattle Ranchers will have new markets to sell to. Just because of tariffs.
Of course, his billionaire buddies will make even more bank LOL and they could get tax breaks too regardless
You saw where he wants to abolish the IRS and has asked Congress to do so
https://www.newsweek.com/donald-trumps-g...ck-2033609
doubt that happens but we could get taxes abolished for 150 grand and under which would be another boon
His mind was not for rent to any god or government, always hopeful yet discontent. Knows changes aren't permanent, but change is ....
Professor Neil Ellwood Peart
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