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Bessent Leads Wall Street's Tariffs Blitz on China
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On Thursday, President Donald Trump delivered a fiery statement on his Truth Social website. He said:

ALERT: All purchases of Iranian Oil, or Petrochemical products, must stop, NOW! Any Country or person who buys ANY AMOUNT of OIL or PETROCHEMICALS from Iran will be subject to, immediately, Secondary Sanctions. They will not be allowed to do business with the United States of America in any way, shape, or form. Thank you for your attention to this matter, PRESIDENT DONALD J. TRUMP @realDonaldTrump

Most people who read Trump’s statement assumed that the president was planning to tighten economic sanctions on Iran. But that misses the point entirely. The real target is China because China imports 85-90% of Iran’s oil output, roughly 1.5 million barrels per day (bpd). What Trump is saying in blunt terms, is that, if China continues to purchase oil from Iran “they will not be allowed to do business with the United States of America in any way, shape, or form.” In other words, Trump is doubling down on his tariffs policy (which is 145% on Chinese goods) and imposing a complete embargo. Trump was apparently hoping that this new threat would force Beijing to the negotiation table where they would make the concessions that he seeks.

But the Chinese are not giving an inch, in fact, Beijing is more resolute than ever. China’s Foreign Minister has said repeatedly that Beijing will not bow to Trump’s bullying, nor will they negotiate until all the unilateral tariffs are removed. The western media has deliberately misled its readers on this point by making it seem like there’s “wiggle-room” on the Chinese side. But there is no wiggle room. Either Trump lifts his tariffs or there will be no talks. And if there are no talks, there will be no trade. End of story.

China believes it has the moral high-ground on this issue because it is defending the rules of international trade which cannot be changed by executive fiat or the arbitrary actions of an impulsive autocrat who thinks the system should be reconfigured to suit his interests. Chinese leaders have made it quite clear that they are not going to budge on an issue which they consider to be a matter of principle.

The Era of Bullying is Over

What that means in practical terms, is that Trump is going to be forced to cave in. And he is going to be forced to cave in sooner than many Americans realize. Activity at U.S. ports on the West Coast, has slowed significantly as of early May, and the absence of imports will become increasingly noticeable as May drags on. Take a look:

According to Gene Seroka, Executive Director of the Port of Los Angeles, predicted a 35% decrease in cargo arrivals for the week following April 29, 2025, compared to the same period in 2024….

For the week of May 4–10, 2025, only 17 vessels carrying 85,486 twenty-foot equivalent units (TEUs) were scheduled to arrive, a 28.6% drop from the prior week and 10.5% lower than the previous year.

Approximately 45% of the port’s business comes from China, and many large importers, including major retailers, have paused or halted shipments from China due to tariffs as high as 145% on Chinese goods….

Port of Long Beach is also experiencing a steep decline in freight vessel traffic from China. For the week of May 4–10, 2025, only 12 vessels were scheduled to arrive, down from 22 the week of April 20–26… China accounted for 61% of Long Beach’s containerized imports in 2024, making it highly vulnerable to the trade disruptions….

Broader Trends:
Nationwide, ocean container bookings from China to the U.S. have fallen 20% year-over-year, with some reports indicating a 60% drop in bookings over the past three weeks since tariffs intensified.

What we are seeing now is a slow-motion trainwreck that was entirely avoidable, and which will severely damage the US economy. Many experts now think we could see a near 50% year-over-year drop in West Coast port activity accompanied by critical supply chain breakdowns similar to those that would occur during a World War. The dearth of imports will affect everything from unemployed dockworkers and truckers, to wholesalers and retailers, to Mom and Pop stores across the country. The knock-on effect will result in higher prices, mass layoffs, slower growth and volatile, chaotic markets. For the first time in living memory, Americans will experience real shortages, panic buying and empty shelves, reminders of the self-inflicted wound brought on by poor leadership.

At the same time, China is unlikely to feel much pain at all. Keep in mind, China not only has a current account surplus of $422 billion (Economist Brad Setser argues that China’s “true” surplus may be $300 billion larger), nominal GDP of $18.1 trillion, with gross domestic savings at $8 trillion in 2023, and household savings at $19-20 trillion 2024… The Chinese government also has $3.1 trillion foreign exchange reserves. ($784.3 billion of which are US Treasuries)

In contrast, the United States is $36 trillion in debt, with credit card debt soaring to $1.2 trillion, (according to the Federal Reserve Bank of New York), U.S. student loan debt currently topping $1.75 trillion, and a majority of American families that claim to be unable to cover even a $500 emergency. (without procuring a loan.)

In short, China is flush with cash while the US is drowning in an ocean of red ink. Secretary of the Treasury Scott Bessent would like you to believe that America’s lack of funds put it at an advantage in its competition with China. But that is not the case. China’s massive savings enable the government to heavily invest in projects that keep the economy expanding during financial crises, trade wars or recessions. So, while Trump continues to lay-off more government employees and slash federal expenditures, (which slows growth) China is diverting its surplus into fiscal stimulus that will keep workers employed and the economy growing. Check out this excerpt from an article at the Global Times:

China’s stepped-up fiscal policies are emerging as a pillar in its efforts to stabilize the economy, offering much-needed support to sectors under financial strain and helping the world’s second-largest economy weather persistent global uncertainty.

In 2025, the country pledged to intensify counter-cyclical adjustments, raising the deficit-to-GDP ratio to 4 percent and setting the government deficit at 5.66 trillion yuan (about 786 billion U.S. dollars), both at their highest levels in recent years.

While vowing a more proactive fiscal policy, China plans to issue 1.3 trillion yuan in ultra-long special treasury bonds, up from 1 trillion yuan in 2024, alongside 4.4 trillion yuan in local government special-purpose bonds.

Data points to an accelerated roll-out of bond issuance. In the first quarter alone, the total issuance of government treasury bonds surpassed 3.3 trillion yuan, while local government bond issuance exceeded 2.8 trillion yuan, an over 80 percent increase from the same period last year.

These funds are swiftly being channeled into efforts to boost consumer demand, accelerate infrastructure investment, and subsidize people in difficulties. Economists said this front-loaded fiscal drive reinforces short-term stability and leaves ample leeway for further issuance of ultra-long treasury bonds and capital support measures for banks later in the year.

So far, the efforts have been translating into robust domestic demand…. Retail sales of consumer goods, a key barometer of economic strength, rose 4.6 percent year on year in January-March, with the figure in March recording the strongest single-month growth since 2024…..

Ramped-up financial support has also been directed toward local governments, enabling them to advance major infrastructure projects vital for sustaining investment momentum.

“In the first quarter, our project received 1.497 billion yuan in local government special-purpose bonds, which has been instrumental in keeping construction on track,” said the project manager.

Aside from more expansionary fiscal spending, local governments have been granted more flexibility in channeling their special-purpose bonds toward project categories, an effort to enhance investment efficiency and regional responsiveness.

Results suggest that the policy shift has gained traction…. Infrastructure investment jumped 5.8 percent year on year… the bond supply may exceed expectations in the second quarter, as the government looks to offset external challenges through fiscal expansion. “The faster pace of issuance enhances counter-cyclical adjustment and creates space for future policy maneuvering,” Feng noted. China’s financial salvo gains speed to shore up economic growth, Global Times

What’s ironic, is that China grasps the economic theories of John Maynard Keynes better than anyone in the Trump administration. In Keynes masterpiece, The General Theory, the British economist pointed out that that recessions occur due to insufficient aggregate demand that can be offset by government fiscal stimulus. (which makes up for the loss of private investment and personal consumption) Stimulus injects money into the economy, which encourages further consumption, and keeps the economy growing during slumps, financial crises or trade wars. Once the crisis has passed or the recession ends, the government can withdraw its stimulus and balance its accounts.

We shouldn’t expect a similar response from the neoliberal economists in Trump administration who view every crisis as an opportunity to implement their far-right, “shock doctrine” theories about shrinking government, lowering taxes, and further strengthening the western oligarchy. And we shouldn’t confuse Trump’s blather about economic nationalism (America First) as being the driving force behind the China tariffs. The real driver is Wall Street as we will explain in a minute. But first, a word about Trump’s Treasury Secretary Scott Bessent, Wall Street’s man in the White House. This is from Wikipedia:

Scott Bessent is a former hedge fund manager who was formerly a partner at Soros Fund Management (SFM) and founded Key Square Group, a global macro investment firm….. In September 1992, he was a leading member of the group that profited by $1 billion on Black Wednesday, the British Pound sterling crisis. He made another $1.2 billion profit for SFM in 2013 betting against the Japanese yen. After he left the Soros Fund in 2015, he established Key Square Group, a hedge fund….

In 2000, Bessent hosted a fundraiser for Al Gore at his home in East Hampton, New York. That year, he also donated $1,000 to John McCain. In 2007, he donated $2,300 to Barack Obama and in 2013, he donated $25,000 to Hillary Clinton’s campaign. At that time, he was described as a Democrat who supported liberal causes….

In 2016, after the election of Donald Trump, Bessent donated $1 million to Trump’s 2017 presidential inaugural committee. In 2023 and 2024, he donated more than $1 million to Trump’s 2024 presidential campaign…. Bessent has advocated pushing for concessions from U.S. trading partners to restrict their economic relationships with China in order to isolate China and gain leverage over it in potential trade talks.

So, Bessent worked for globalist billionaire George Soros, contributed to whatever political party might end up in power, and made his bones as a high-flying hedge fund manager.

Are we supposed to believe that a man like Bessent—who is obviously a creature of Wall Street—has launched a trade war on China to bring jobs back to the United States and rebuild the anemic US manufacturing sector?

No, that is not his real objective. Bessent is Wall Street’s man in the White House. His job is to do everything in his power to remove the obstacles that block the banksters from access to China’s massive savings and financial markets. Thus, the goal of the Trump tariffs is not reindustrialization. It’s ‘open markets’. Here’s more from Grok:

Bessent’s push for China to open its markets includes liberalizing its financial and capital markets, which directly involves Wall Street banks. Here’s how they fit into his vision, based on his April 2025 statements and broader trade policy:

Access to China’s Financial Sector:

Bessent’s Demand: China should remove restrictions on foreign financial institutions, allowing U.S. banks to operate freely in its $18.6 trillion economy, particularly in banking, asset management, and securities. Bessent argues this would integrate China into global finance, reducing trade imbalances by fostering a “fair deal” (April 23, 2025, Institute of International Finance). (Note—So, providing access to China’s financial markets would reduce trade imbalances?? In other words, no need for rebuilding manufacturing in the US, just let the banksters ‘do their thing’ and everything will be hunky-dory.)

Wall Street’s Role: Banks like JPMorgan, Goldman Sachs, and Morgan Stanley seek greater market share in China’s $55 trillion financial sector (2024, including banking and securities). Currently, foreign banks hold only 1.3% of China’s banking assets ($59 trillion) and face caps on ownership (e.g., 51% in securities until 2020 reforms)….(Note—“Hand over the $55 trillion and nobody gets hurt.” Where have we heard that before?)

Benefit: Opening markets would allow Wall Street to compete with Chinese banks, tapping into China’s $19-20 trillion household savings. (Note—“Wall Street wants access to your personal savings, too.”)

Scott Bessent, as U.S. Treasury Secretary in April 2025, demands that China “open their markets” to address trade imbalances, reduce export overcapacity, boost domestic consumption, and liberalize trade and capital markets….. Wall Street banks—major U.S. financial institutions like JPMorgan Chase, Goldman Sachs, Morgan Stanley, and Citigroup—play a significant but complex role in Bessent’s demands. They stand to benefit from China’s market opening, particularly in financial services and capital markets, but their involvement also raises concerns about financial extraction and geopolitical tensions… (Note- Well, duh!)

Bessent’s Demand: China should relax capital controls, allowing freer flows of foreign investment and yuan convertibility, integrating its $3.1 trillion foreign exchange reserves and $12 trillion bond market into global finance. Bessent sees this as part of “restoring equilibrium” to global markets. (Note—China is being asked to trust its national savings with the crooks who blew up the financial system in 2008 costing the world over $50 trillion.)

Bessent’s Demand: China’s market opening is a condition for de-escalating the trade war... Financial market access is a key U.S. demand in talks(Q3 2025 target, per Reuters). (Note—There it is in black and white; ‘You either do what we say, or we blow your brains out. Can you see what’s going on here??)

Bessent’s Demand: China’s state-driven model, with $7.894 trillion savings and $422 billion surplus…. Bessent wants China to “graduate” from developing-nation status at the World Bank, opening markets to reduce its financial dominance. Grok

So, Bessent is ordering China to abandon its state-owned economic model (which is the primary reason for its success) to ensure that the world’s wealth remains in the hands of the world’s richest Capitalists. In other words, Bessent is candidly admitting that he is leading the effort to obliterate the most successful “economic development model” in history simply because it is not under the control of voracious western oligarchs. It’s not only an admission that the tariffs are a smokescreen aimed at concealing the administration’s real motives (access to China’s financial markets). It is also an admission that the western model is no longer competitive because the (Chinese)state recycles profits into more productive outlets while western oligarchs divert profits into stock buybacks, dividends, derivatives-trading and other forms of unproductive activity. One system creates an optimistic future for all of humanity while the other generates crushing poverty, political instability, and war.

There’s no doubt which system is better.

 
The China/America Series
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  1. Interesting… Very, very interesting.
    Did I just read, they have decided to meet in Switzerland this weekend? Something has to give.
    Futures jumped? Gold rising? Dollar falling? Yemen, Pakistan, maybe Iran and Taiwan?
    Ukraine, Syria, … something has to give.
    Ironed out, swept under or red hot? I wish my crystal balls had more data…

    • Replies: @Decoy0614
    , @Vidi
  2. Anon[221] • Disclaimer says:

    Bessent’s Demand: China should remove restrictions on foreign financial institutions, allowing U.S. banks to operate freely in its $18.6 trillion economy, particularly in banking, asset management, and securities. Bessent argues this would integrate China into global finance, reducing trade imbalances by fostering a “fair deal” (April 23, 2025, Institute of International Finance).

    (Note—So, providing access to China’s financial markets would reduce trade imbalances?? In other words, no need for rebuilding manufacturing in the US, just let the banksters ‘do their thing’ and everything will be hunky-dory.)

    …….Wow ! Thank you;

  3. Not that many years ago — about 6 or 7, maybe less — china beat our system by sending their aluminum and other problematic items to ports in mexico, and then on to the US … thereby apparently giving US the finger for at least a while.

    Are the chinese — and other parties — likely to do that again … and, if so, will it be successful again?

    • Replies: @Joe Wong
  4. 迪路 says:

    Mainly, I’m very curious. Is someone like Bessent really a Wall Street elite?
    At least find something like Yellen’s academic style…
    This is too unprofessional.
    Our people just dropped by the meeting in Switzerland. I guess nothing can be discussed.

    • Replies: @Spider Monkey
  5. John Dael says:

    They HATE Iran. They HATE China. They Hate Russia. They HATE Palestinians. They HATE Yemen.

    HATE. HATE. HATE.

    The US is cursed with a curse, which it always expresses in bloodshed and destruction because it has moved away from its Christian roots (LOVE Thy Neighbor) to a Satanic/Jewish worldview (HATE Thy Neighbor).

    http://biblicisminstitute.wordpress.com/2015/07/28/how-the-ashkenazi-jews-conquered-the-west/

    http://biblicisminstitute.wordpress.com/2015/04/28/the-war-on-christianity/

    There’s a dire need for an adjustment.

    http://biblicisminstitute.wordpress.com/2015/04/16/the-heart-adjustment/

  6. ghali says:

    Trump’s targets may be China and Iran, but the main beneficiary is the Jews. Trump is financing and urging the Jews to continue their Palestinian genocide in the static hope of exterminating the Palestinian people. Since his election, Trump has been busy serving the Jews and “Israel,” not Americans. Americans ought to accept hard times, as he is telling them.

    • Agree: John Trout
    • Replies: @John Trout
  7. What’s ironic, is that China grasps the economic theories of John Maynard Keynes better than anyone in the Trump administration. In Keynes masterpiece, The General Theory, the British economist pointed out that that recessions occur due to insufficient aggregate demand that can be offset by government fiscal stimulus. (which makes up for the loss of private investment and personal consumption) Stimulus injects money into the economy, which encourages further consumption, and keeps the economy growing during slumps, financial crises or trade wars. Once the crisis has passed or the recession ends, the government can withdraw its stimulus and balance its accounts.

    We shouldn’t expect a similar response from the neoliberal economists in Trump administration who view every crisis as an opportunity to implement their far-right, “shock doctrine” theories about shrinking government, lowering taxes, and further strengthening the western oligarchy.

    AI chatbot reminds clueless Mike Whitney that:

    In 2020, the Trump administration enacted major fiscal stimulus measures in response to the COVID-19 pandemic, primarily through two large relief packages:

    1. CARES Act (March 2020)

    Totaling about $2.2 trillion, the CARES Act was the largest economic relief package in U.S. history at the time.

    Key provisions included:

    [MORE]

    Direct payments of $1,200 per adult and $500 per child for individuals earning up to $75,000 (or $150,000 for couples).
    Expanded unemployment benefits: an extra $600 per week for unemployed workers, including gig workers and freelancers, and 13 additional weeks of coverage.
    $349 billion in loans and grants to small businesses through the Paycheck Protection Program (PPP) and Economic Injury Disaster Loans.
    $500 billion in lending to large companies, states, and municipalities.
    $175 billion for hospitals and healthcare providers.
    $150 billion in grants to state and local governments.
    Moratoriums on mortgage foreclosures and tenant evictions for federally backed loans.
    Waivers on early 401(k) withdrawal penalties up to $100,000.

    Consolidated Appropriations Act (December 2020)

    This $900 billion package was signed into law in late December 2020.

    Major elements included:

    Direct payments of $600 per person (including dependents under 17) for those earning up to $75,000.
    Eleven weeks of expanded unemployment benefits, with an extra $300 per week.
    $284 billion for a second round of forgivable PPP loans for small businesses.
    $45 billion for transportation, including airline payroll support.
    $82 billion for education, $25 billion for rental assistance, and $69 billion for public health measures (including vaccine distribution and testing).

  8. It would appear that (((they))) don’t have the influence in China that (((they’d))) like.

    • LOL: Passing by
  9. anon[210] • Disclaimer says:

    trump said that we have now gained $1.1 §Trimlionzzz doelarz because his 245% Chyyynah tarrifs flipped our deficit into a surplus!

    and you know what? his MAGAtards will buy that and parrot it.

    forget the fact that ameirca can NEVER EVER have trade surpluses with the rest of the world because the american military forces the american dollar on the rest of the world so countries are Literally forced at gun point to sell whatever they got as cheap as they can to america so that they can get dollars to buy oil and recycle excess dollars in american bonds thereby eating our inflation of the dollar…this system creates structural … ahh forget it..

    who gives a fuck….

    • Agree: Christoph88
  10. @John Dael

    Agreed, and sucking $1bn out of “best friend” Britain and $1.2bn out of “youthful ward” Japan doesn’t seem friendly at all. China has excellent banks, much better than those in the US.

  11. anonymous[426] • Disclaimer says:

    the US already gamed-out the crash
    The Great Collateral Experiment

    and they use Bitcoin as collateral

    https://www.youtube.com/live/TrdTXI_80_8?si=4ulGn2iDomEj8z5P&t=737

    it might be a good time to buy Bitcoin?

  12. I google it , but i could not find your article on Janet Yellen.

    Bessent is not a banker.
    Bessent is working for the american worker.

    TDS!

    • Replies: @Anon
  13. xyzxy says:

    The situation changes from day to day, almost hour to hour. One could see a ‘softening’ in Trump’s boisterousness a week ago, when Bessent said that the current tariff situation was unsustainable. Now we are told that the Bessent will meet He Lifeng to begin ‘negotiations’. Bessent is saying it’s due to Trump’s guidance. The Chinese side said they are willing to discuss trade, but will not capitulate to what they call unfair and unilateral tariffs.

    Bessent spins it as China ‘coming to’ America for relief, although the talks will be in Switzerland. For their part, China said the talks were initiated by the US, reaffirmed their past willingness to talk, but only if negotiations are based on respect and reciprocity, sans coercion.

    We’ll see how it goes. My guess is that if Trump can keep his mouth shut, there will be a moderate easing of tensions. Then Trump will declare a MAGA victory, and nothing much will change. The idea that China will essentially change or significantly modify it’s economic system to suit the US isn’t a reasonable expectation.

    • Replies: @ltlee1
  14. So, Trump also works for Soros?

    • Replies: @Brás Cubas
  15. Anon[360] • Disclaimer says:

    A long article full of statistics, somewhat tiring to read. Lets shorten it. America was on a 45 degree slope for decades. With our new Math teacher DJ, it is now on a 70 degree slope.

    I see this morning he plans to call the Persian Gulf the Arabian Gulf. This is high school behaviour. You would think he has more important thigs to do.

    When I lived in the Turd World, the Dictator had some new decree every day. In the meantime, everyone did as they pleased. You could not take currency out the country? So people shoved empty lipstick containers with diamonds up their arse and flew out. All imports were banned ? There was widespread smuggling across the border. Customs, the Police, the Army and the Politicians got into the game. Corruption and bribery exploded.

    After a while the daily news paper was used to wrap fish and meat purchases in the market. When toilet paper became too expensive for the poor, they used the government controlled news paper to wipe their ass.

    In short, all the rules and regulations were ignored, the Dictator was ignored and the public rocked on.

    The same has happened in the US. Trumpy is now looked upon as a ass who brays every 5 minutes just to listen to himself. At one time his every stupid bark sent the markets up and down. These days no one listens.

    The Maga crowd thought this Kabaka would lead them to utopia. Instead they got the shaft. You have to be really stupid to think the rich care about the poor.

    Those of us from the hard school of the Turd World will thrive. Americans accustomed to easy living will suffer. They lack the confidence that enduring hardship and injustice instills in the human spirit. They lack the flexibility and adaptability we immigrants have. While they are trying to force the system and politicians to cater to them, we immigrants will be fucking the system.


    Video Link

    • Agree: Henry Ford, Christoph88
    • Thanks: Jim H
  16. Miro23 says:

    Bessent is Wall Street’s man in the White House. His job is to do everything in his power to remove the obstacles that block the banksters from access to China’s massive savings and financial markets.
    Thus, the goal of the Trump tariffs is not reindustrialization. It’s ‘open markets’.

    This does look it. Also the consequences of not complying:

    (Note—There it is in black and white; ‘You either do what we say, or we blow your brains out. Can you see what’s going on here??)

    Bessent is candidly admitting that he is leading the effort to obliterate the most successful “economic development model” in history simply because it is not under the control of voracious western oligarchs. It’s not only an admission that the tariffs are a smokescreen aimed at concealing the administration’s real motives (access to China’s financial markets).

    It’s not like China doesn’t know they’re dealing with the Jewish mafia hedge fund leadership.

    Another aspect is that time is running out for the US. It’s covered in this excellent video (thanks Anonymous534):

    Why the US Can’t Afford a Recession – How a Recession is a Margin Call on the Debt

    Video Link

    The question seems to be will the US start WW3 before it goes down the tubes.

    • Thanks: Anonymous534
    • Replies: @Notsofast
  17. Notsofast says:
    @Miro23

    i don’t believe ww3 is anything other than an empty threat, bessent’s soros roots are showing and his cheap maga dye job is running down his face like rudy giuliani at a press conference. the real target of all of this seems to be the american people and economy.

    in short, they are shorting the dollar in order to destroy the unpayable debt they have built for us, while enriching themselves in the process. this is where all their magic invisible tulip coins come in and why they want to relax regulations on cryptocurrency. they will simply jump into bitcoin and other crypto, protecting their personal fortunes, while the economy crashes and burns allowing them to step in and buy assets at fire sale prices.

    this weimar germany, meets 1990’s russia and it’s our turn to be predated, as they have run out of countries they can push around and fleece. trump is not holding a gun to china or even iran, he’s holding it to our heads and threatening to kill the hostages. we are suffering from stockholm syndrome to the point, our maga friends are yelling pull the trigger, teach those dirty chinks a lesson.

  18. ariadna says:

    Who will blink first and retreat in this trade war: the US or China?
    I predict it will be China because it will be forced to so by the international community, the UN and its many human rights organizations.
    The world will be moved to act– far more effectively than its has been by the tragedy of 2 million Palestinians in Gaza– by the misery of 340 million American citizens (minus 2% in bunkers) reduced to dire poverty in a country torn apart by civil war and lawlessness.

    • Replies: @Cloudwalker
  19. @John Dael

    Those thriving on hatred shall be poisoned by it.

    • Agree: showmethereal
  20. Agent76 says:

    May 5, 2025 EU Strikes Hard, 67% Tariff on Chinese Goods, RMB Hits 10-Year Low Against Euro
    
    The U.S. tariffs have already dealt a heavy blow to China’s manufacturing industry, but now the European Union has stepped in with additional measures. On April 28, the EU announced a tariff of up to 66.7% on Mobile Access Equipment (MAE) imported from China.

    Video Link

    May 5, 2025 China Is Out of Money, May Day Hotels Empty, Millions Sleep on the Streets, Trash Everywhere
    
    During China’s May Day holiday, there was an explosion of travel as people flooded popular tourist spots. The internet quickly became full of videos showing crowded attractions, with many people expressing regret and self-mockery. Some even said, “This isn’t a holiday; it’s torture.”
    

    Video Link

    • Troll: showmethereal
    • Replies: @Walt King
    , @A_Hand_Hidden
  21. After saying a number of times that it would not meet with US officials unless the tariffs were removed, China said today that they plan to meet US diplomats in Switzerland this weekend to discuss the issue. (So China “blinked” first) According to Scott Bessent, the meeting will not focus on the issue itself, but will be a preliminary meeting to decide whether there is anything to talk about.

    Here’s the china foreign ministry statement:

    Chinese Foreign Ministry spokesperson Lin Jian said on Wednesday that the US side has recently expressed its willingness to engage in negotiations with China. The meeting is arranged at the request of the US side.

    Lin emphasized that China’s firm opposition to the US’ arbitrary imposition of tariffs remains unchanged. We have stated on many occasions that China is open to dialogue, but any talks must be based on equality, mutual respect, and reciprocity. Pressure or coercion in any form will not work on China, Lin said.

    Bessent would not acknowledge ‘who called who’ first or who arranged the meeting.

    IMHO, China loses some credibility by backtracking on its promise not to meet unless the tariffs were lifted.

  22. Che Guava says:
    @Anon

    Yes, a good article except for Whitney’s use of Grok.

    Also,

    For the first time in living memory, Americans will experience real shortages, panic buying and empty shelves

    , sure, living memory of a five-year old.

    Don’t know how bad it was in the U.S., but many empty shelves in Japan at the time of peak coronamia, and not just toilet paper. I would guess, much the same in most places.

    By the way, the toilet paper panic buying started with a fight over toilet paper among three fat cows in Australia. A video of the fight went viral in the government-pushed panic mentality of the time. Voila, hoarding of toilet paper all over the world.

  23. @ghali

    Trump has a strong resemblance to the governor in Blazing Saddles. His jewish handlers are having a lot of fun jerking him around.

    • LOL: showmethereal
  24. Decoy0614 says:
    @Goldgettin

    I get the uneasy feeling that no one in the Trump Administration understands how big China is. Big in population, big in economy, big in smart people. The Bullies may have met their match.

    • Agree: radicalcenter
  25. Chaskinss says:

    Another USian WASP?

  26. @Notsofast

    Exactly. Plausibly deniable controlled demolition is the most parsimonious explanation for clown world. The best way to avoid blowback is to destroy the victim.

  27. Is Trump ‘blowing smoke’??

    Check it out:

    @EdKrassen

    Even Fox Business News is now calling Trump out on his lies about having “tariff deals” almost complete.

    “What happened to the 200 deals that Donald Trump talked about last week that, quote, ‘we have already had and gotten done.’? Or you know ‘there are 200 deals,’ etc. I think this might be perceived by the market as admission that they don’t have a deal yet with any country, let alone Canada or India because we were hearing so many rumors about India… Where are these deals? And now suddenly it’s ‘we don’t have to make a deal.’”

    No deals at all? https://twitter.com/i/status/1919826882851221518

  28. Anon[239] • Disclaimer says:
    @Anonymous19

    Bessent is an employee of George Soros, and lets face it, we all know how sympathetic Soros is for the workers

  29. The jews are destroying the USA just as they have destroyed 109 other countries they have been expelled from. The USA has to make that 110 to survive. Abraham Lincoln saw the problem during the USA civil war and did something about it. The USA has to find another Lincoln.

    • Disagree: Jim H
    • Replies: @Tennessee Jed
  30. @Matt Lazarus

    Obviously not, and thanks for summarizing in one hopefully ironic question the whole inanity of this article by Mike Whitney, the same guy who unloaded tons of pseudo-scientific manure during the Covid years, according to which I and millions of others should be dead or seriously ill by now.
    George Soros is a mortal enemy of Trump and his style. He owns the site Project Syndicate, whose ideology is liberal. There are plenty of articles featured there opposing Trump’s tariffs and many other actions of his. Soros is a generous donor to the Democratic Party in the U.S. and just hates so-called populists like Trump.
    I think this site is going through a good phase, and there are always a few good articles on display, but at the same time one will find others which push the most absurd theses. Most commenters, however, don’t show any sign of having read the articles, and come here just to express their own ideas on the comment sections.

    • LOL: radicalcenter
  31. Harry Law says:

    Some of the United States’ most powerful business leaders will descend on Riyadh for the Saudi-US Investment Forum – dubbed “MAGA in the Desert” – to boost investment in America
    The Department of Defense recently announced the State Department’s approval of a potential $3.5 billion sale of AIM-120C-8 advanced medium-range air-to-air missiles to Saudi Arabia. The missiles will be assembled by RTX Corporation in Tucson, Arizona.
    “This proposed sale will support the foreign policy goals and national security objectives of the United States by improving the security of a partner country that contributes to political stability and economic progress in the Gulf Region,” the Pentagon said in a statement. “The proposed sale of this equipment and support will not alter the military balance in the region.” https://www.zerohedge.com/geopolitical/musk-fink-zuckerberg-set-saudi-arabias-maga-desert-conference-attract-us-investment
    What this meeting is about is the US asking Saudi Arabia to spend $600 billion dollars in the US economy, follow US policy in the region i.e. cosy up to Israel and oppose Iran, and keep oil prices low. All in exchange for a few missile systems which they admit [by design] will not alter the balance of power in the region. If the Saudis agree they will be the special partners of the US and the US will thank them for bringing peace and tranquility to the region. This reminds me of the naive shop keeper who is visited by a group of heavies in trench coats who ask for their weekly protection money, “who do I need protection from” asks the shop keeper…. us, came the reply. Of course the Chinese can offer Saudi a much better deal. The Americans will find out that the reason Industry left the US in the first place and went to China, is the reason US industry will not return to the US i.e. too high wages, other overheads and a stagnating economy.

  32. Jim H says:

    ‘In Keynes masterpiece, The General Theory’ — Mike Whitney

    Is this just a throwaway line, or is Mike Whitney actually serious?

    The General Theory was called an ‘intricate fallacy’ by some academic poobah, though dumb-ass Google doesn’t remember whom, and neither do I.

    Here’s what we DO know: three generations of US military Keynesianism on a permanent war footing gave America $36 trillion of federal debt and $2 trillion deficits forevermore.

    Now hell’s a-poppin’, as Clowngress labors futilely to square a circle that has no corners. What is the sound of one hand clapping?

  33. anon[480] • Disclaimer says:

    The article states: “Bessent is candidly admitting that he is leading the effort to obliterate the most successful “economic development model” in history simply because it is not under the control of voracious western oligarchs.”

    Of course, “voracious western oligarchs” is codeword for “Jews”.

  34. @John Dael

    They HATE Iran. They HATE China. They Hate Russia. They HATE Palestinians. They HATE Yemen.

    HATE. HATE. HATE.

    The US is cursed with a curse,

    John I seriously doubt the hatred against Chinese is rigged by religion,
    it’s a racial hatred Whites can’t help, even given China the only country provided help to Serbia prevented its further fragmentation during the dismantle of YugoSlovakia, China the only country given help to Greece and Romania to overcome the financial crisis and dodged being a debt-slave of IMF and int. jewry in 2009, plus China the only power never had an agenda or Major War with America since its founding 300 yrs ago.

    judging by some stupid anti-China bots here, where Unz supposed to be the go-to place to discuss, discover and digest JQ threads, till this stage buffoons coming here to bash China just shows how brain and internet could be utterly useless when used in the wrong hand,,

    Would America, say regained its sovereignty by White Xtians, purged all jews, starts to build a more comprehensive relationship with China?
    Or would it chest-thumping ‘We are a nation of the Hill’ and inclining the Ol’ Sam’s policy of containment and hostility towards China?
    I bet it’s the later

    Regardless the religion Whites choose in future, they need to adjust their attitude and think themselves in humble and humane ways,
    ‘exceptionalism’ and ‘individualism’ is the last White should believe in

    • Agree: JR Foley
  35. @ariadna

    First glimpse it was like ‘Boomer’

    Read it further it was like ‘Boomerang’

    Sheesh!

  36. @John Dael

    I agree with your comment the US is cursed with a curse, which it always expresses in bloodshed and destruction because it has moved away from its Christian roots (LOVE Thy Neighbor) to a Satanic/Jewish worldview (HATE Thy Neighbor).

    I also agree with Ghali’s comment #7, “Trump’s targets may be China and Iran, but the main beneficiary is the Jews. Trump is financing and urging the Jews to continue their Palestinian genocide in the static hope of exterminating the Palestinian people. Since his election, Trump has been busy serving the Jews and “Israel,” not Americans. Americans ought to accept hard times, as he is telling them.”

    In addition, nothing will go well for America when an individual serving in office for America such as Bessent in gross violation of God’s natural laws & the written statutes/laws in Lev. 18:22, Romans 1:27, 1 Cor. 6:9, Galatians 5:19-21, 1 Timothy 1:10. https://en.wikipedia.org/wiki/Scott_Bessent#Personal_life

    Here is a document that further explains what the world is up against
    https://eaec.org/The-Hidden-History-of-the-Antichrist–Summary-of-Lucifer-and-the-Kabbalistic-Jews--Teresa-Hillebrandt.pdf

  37. ltlee1 says:
    @xyzxy

    Bessent spins it as China ‘coming to’ America for relief, although the talks will be in Switzerland.

    Actually, the official statement from the Chinese government is
    “He Lifeng to Travel to Switzerland and France, Have a High Level Meeting with the U.S. on Economic and Trade Affairs and Co-Chair the 10th China-France High Level Economic and Financial Dialogue.

    Foreign Ministry Spokesperson announces:

    At the invitation of the government of Switzerland, from May 9 to 12, Member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council He Lifeng will visit Switzerland. He will hold talks with Swiss leaders and relevant parties. During his visit to Switzerland, Vice Premier He, as the Chinese lead person for China-U.S. economic and trade affairs, will have a meeting with the U.S. lead person Treasury Secretary Scott Bessent. From May 12 to 16, Vice Premier He will be in France to co-chair with the French side the 10th China-France High Level Economic and Financial Dialogue.”

    https://english.www.gov.cn/news/202307/30/content_WS64c59e4fc6d0868f4e8de328.html

    He Lifeng had co-chaired the 9th China-France High Level Economic and Financial Dialogue with
    Bruno Le Maire, minister of economy as co-chair of France two years ago. So, He’s trip to France to Co-Chair the 10th China-France High Level Economic and Financial Dialogue was scheduled long ago.

    The Swiss government invited He to stop by Switzerland to meet the Americans. Chinese complies.

    This meeting, IMHO, is more an opportunity for China to find out whether Trump is willing to roll back, and how far he would officially roll back. The meeting would be very brief if the US is assuming it could negotiate with China from a position of strength.

  38. Arnaud Bertrand:

    It’s done: China and the European Parliament have agreed to simultaneously and comprehensively lift restrictions on mutual exchanges.

    Trump is bringing Eurasia together https://pbs.twimg.com/media/GqQbcb-bAAEXecR?format=jpg&name=900×900

    And, this:

    This is quite consequential.

    China, Japan, South Korea and the countries of ASEAN just issued a joint statement (https://asean.org/joint-statement-of-the-28th-asean3-finance-ministers-and-central-bank-governors-meeting/) in which they take a unified stance against “escalating trade protectionism”, a clear reference to Trump’s tariffs.

    They write that their common “policy priority” is “to reinforce long-term resilience” of the region, which given the policies they detail clearly means building financial and trade infrastructure that aims at reducing their exposure to the US.

    The statement outlines a comprehensive strategy to strengthen trade between the signatories, enhance local currency bond markets and reduce dependence on Western financial institutions (via, for instance, the expansion of the Chiang Mai Initiative Multilateralisation, CMIM).

    Particularly notable is their explicit support for the Regional Comprehensive Economic Partnership (RCEP) – the world’s largest trade agreement that includes all the signatories but not the US.

    All in all, Trump is achieving the unthinkable: bringing East and Southeast Asia together in an economic bloc that seeks to derisk itself from America.
    https://twitter.com/search?q=china%2C%20japan%20south%20korea%20&src=typed_query

    Comment: The US is getting left behind due to these ridiculous tariffs. Meanwhile, MAGA Americans continue to believe their Dear Leader has triumphed over those lazy ferinners
    Wake Up!

    • Agree: Walt King
    • Replies: @Notsofast
  39. Pablo says:

    It’s amazing (not really) to me that no matter how badly Wall Streeters “F” things up they never lose any Power. They just appoint a New Wall Street Guy to take over. Meet the New Boss, same as the Old Boss. Shows you who runs things.

    • Replies: @Spider Monkey
  40. Notsofast says:
    @Mike Whitney

    Bessent would not acknowledge ‘who called who’ first or who arranged the meeting.

    dead give away the u.s. begged them, if not trump would be trumpeting, about how they are kissing his ass and begging them to talk.

    According to Scott Bessent, the meeting will not focus on the issue itself, but will be a preliminary meeting to decide whether there is anything to talk about.

    sounds a lot like the negotiations with russia. both russia and china are run by adults, who know how to do business, behave in a polite and adult manner, with proper business decorum but are holding fast to their more than reasonable demands.

    • Replies: @Harry Law
    , @Yababa
  41. Notsofast says:
    @Mike Whitney

    see trump is the great peace maker, bringing the entire world together and they said it couldn’t be done. i think i’m smelling nobel peace prize… either that or it’s the country’s burning.

    • LOL: Cloudwalker
    • Replies: @ltlee1
  42. Joe Wong says:
    @Anon

    One hundred and some years ago, the Whites sacked and plundered China a century using the Opium War. The Whites replace Opium merchants with mafia banksters this time and War will follow soon.

    • Replies: @Cloudwalker
  43. Trump says many things. He said on Tuesday that when he grows up, he wants to be a Fireperson, an Astronot or a Zamboni.

    At this point if you’re still reading, let alone reacting to, his oral slurry of BS that’s on you. He’s had his 100 days and no indictments, no mass deportations, no audits of Ft Knox, failure after failure after failure.

    He’s a dancing Zioclown and the only thing funnier than his antics are the reactions of his mentally retarded white trash True Believers. I personally hope he runs again and wins as I find this all VERY entertaining

    • Agree: John Trout, dimples
    • Thanks: radicalcenter
    • LOL: Jim H
  44. Harry Law says:
    @Notsofast

    I agree. Unrequited love….

  45. Joe Wong says:
    @Anthony Aaron

    Chinese proverb: 你有張良計,我有過牆梯。People can always figure out a way to beat the system. It is futile and stupid for Americans to pay a high price to try to stop others.

    It is the American general public’s responsibility to rebuild their industry by buy-American-only.

    • Replies: @frankie p
  46. ltlee1 says:
    @Notsofast

    see trump is the great peace maker, bringing the entire world together and they said it couldn’t be done

    https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fcms-image-bucket-production-ap-northeast-1-a7d2.s3.ap-northeast-1.amazonaws.com%2Fimages%2F5%2F9%2F8%2F3%2F49453895-3-eng-GB%2FCropped-1746378998photo_SXM2025050400007427.jpg?width=780&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto
    “ASEAN joins Japan, China and South Korea in protectionism warning
    Finance and central bank chiefs reaffirm commitment to free trade”

    Behind the solidarity are relatively speaking weak hands as individual nations. Japan is so desperate that it threatened the nuclear option a few days ago but walked back the suggestion later. Hence China volunteers to talk with the US and to really test out US positions.

    • Replies: @littlereddot
  47. @Notsofast

    Very interesting point and a high probability you’re right. Its not the end of the world for China to stop supplying America with real goods for IOU’s but will be the end of the life American people have lived consuming a lot more then they produced.

  48. And if there are no talks, there will be no trade.

    WHAT? NO TRADE between Americans and Chinese parties? That’s a LOT more-serious than three-digit tariffs. Does our author REALLY expect a COMPLETE CESSATION of trade?

    Trump is a blithering idiot, but Mike Whitney? I don’t read or listen to Trump. Should I now stop wasting my time reading Whitney, too? Soon, there’ll be nothing left but Unz himself!

  49. Chris Moore says: • Website
    @Notsofast

    in short, they are shorting the dollar in order to destroy the unpayable debt they have built for us, while enriching themselves in the process. this is where all their magic invisible tulip coins come in and why they want to relax regulations on cryptocurrency. they will simply jump into bitcoin and other crypto, protecting their personal fortunes, while the economy crashes and burns allowing them to step in and buy assets at fire sale prices.

    Buy gold. Like the Chinese buy gold.

    his weimar germany, meets 1990’s russia and it’s our turn to be predated, as they have run out of countries they can push around and fleece. trump is not holding a gun to china or even iran, he’s holding it to our heads and threatening to kill the hostages. we are suffering from stockholm syndrome to the point, our maga friends are yelling pull the trigger, teach those dirty chinks a lesson.

    MAGA buy gold, too. MAGA have a major undercurrent of “antisemitism” which is a healthy and natural response to jew, Zionist, and “liberal” (neocon/neolib) grifters, killers, thieves, moneychangers, and slavers.

    Underneath it all, MAGA are largely Christian, which of course has been watered down almost beyond recognition by the Synagogue of Satan, but still retains muscle memory about jews and their Judas Class stooges.

  50. Walt King says:
    @Agent76

    “May 5, 2025 China Is Out of Money, May Day Hotels Empty, Millions Sleep on the Streets, Trash Everywhere”.

    Absolute drivel. Life goes on as usual.

    I had visited China for 13 years and since lived for five. I have never seen a single person sleeping n the streets.

    Where do they get this trash?

  51. Harfang67 says:

    Unbelievable! Looks like the financial power in the West is really in a desperate mode.
    Anyway….

  52. @Agent76

    I totally believe billions are sleeping on the streets in China and although I’m poor and live in a 3rd world shithole named the USA, at least complete MAGA imbeciles can cheer themselves up knowing the Chinese are suffering. Allegedly.

    How much of a worthless demon must you be to damper your own suffering by fantasizing a foreign country is suffering too? Oh, also hear the entire nation of Russia is bereft of lettuce and ice cream toppings

    MAGA FTW!

    • Replies: @Reb
  53. frankie p says:
    @Joe Wong

    Joe,

    It would be more effective if you translated your proverb.

    “You have a plan; I have a ladder.”

    • Replies: @迪路
  54. @ltlee1

    “ASEAN joins Japan, China and South Korea in protectionism warning
    Finance and central bank chiefs reaffirm commitment to free trade”

    The fact that Japan and S Korea moved in this direction was quite a surprise to me. It bodes well for the world that the US is not able to intimidate them to commit suicide with the USA.

    Things are moving very fast in Asia. They seem to be doing proactive moves to prevent more US trouble making.

    Here is some news about SE Asian countries being “worried about Starlink”. Although the officially stated reason is because of crime, no doubt another major concern is because of its potential to be used to organise US sponsored colour revolutions or insurgencies. I wouldn’t be too surprised if SE Asian countries start banning Starlink soon.

    https://www.channelnewsasia.com/asia/starlink-southeast-asia-scam-industry-elon-musk-5113581

    • Replies: @ltlee1
  55. @Walt King

    Where do they get this trash?

    The one thing that China can never beat the USA at is at propaganda.

    When the Chinese do it, it comes across as awkward and easily detectable. So I see the genius in the main cartoon that you used in your “Living in China” article.

    But US propaganda is on another level. It is so effective, natural appearing and pervasive and ‘self healing’, that it is leagues ahead of China’s.

    When you present your own proofs and testimony of someone actually living in China, the propagandised Yank will immediately patch over this hole that you poke in their narrative by dismissing it as coming from a China Shill or Wumao Bot.

    Even after the Xiaohongshu revelations came out months ago, we have these Pavlov trained Yanks who go back to their old propaganda sources and lap up their dribble and vomit again.

    Thankfully the Europeans and seem to be coming around a little. There is hope yet for them.

    • Agree: Chaskinss
  56. Zionist are moving us towards war as their control of the hegemon is in checkmate as the new hegemon, China, which they don’t control, starts to muscle in.

    This should be a wake up call to the citizens of the U.S, zionism controls your nation and by its very nature uis incompatible with Christian beliefs, solution, they must be removed from the predominant Christian nations levers of power and not be allowed there again.

    They have robbed the Christians by using the control of money, which they have no right to, of the Christians to attack and kill with impunity, Christians need to control their money not Zionist.

    Wake up America, you have a lot of work to do to put things right, first thing is to stop the Zionist killing the Palestinians with your money and in your name.

    • Agree: mulga mumblebrain
  57. Reb says:
    @A_Hand_Hidden

    “I totally believe billions are sleeping on the streets in China”…totally untrue as any traveler to china can attest. Now there are even rednote postings for confirmation.

    • Replies: @mulga mumblebrain
  58. 迪路 says:
    @Walt King

    His name is already Agent 76. It’s obvious that he is the cyber Army on this website.

    • Replies: @littlereddot
  59. 迪路 says:
    @frankie p

    Generally speaking, ancient texts with historical backgrounds are not easy to be translated more accurately. You can first understand the background of the entire proverb.
    The literal translation of this sentence is: You have Zhang Liang’s strategy, and I have the ladder to climb over the wall.
    Zhang Liang was a core strategist of Emperor Gaozu of Han, Liu Bang, and one of the Three Heroes of the early Han Dynasty. He was later honored as the “Sage of Strategy”. His family background is prominent. His ancestors have served as the prime minister of South Korea for five generations. After the fall of the State of Han by the State of Qin, Zhang Liang squandered all his wealth and recruited assassins to kill Emperor Qin Shi Huang but failed. Later, he changed his name to Zhang Liang.
    The reason why “Zhang Liangji” has become a synonym for wisdom and strategy lies in the unexpected success and far-reaching influence of his strategies. For instance, he helped Liu Bang defeat Xiang Yu with the weakness and establish the Han Dynasty, and skillfully defused many political crises. The common people abstract his wisdom as “Zhang Liangji”.
    Liu Bang once described him as someone who can strategeze within the tent and win battles thousands of miles away.
    The “wall-crossing ladder” actually refers to the ancient siege equipment, the cloud ladder, which was first invented by Gong Shuban (Lu Ban), a skilled craftsman during the Spring and Autumn and Warring States periods, for climbing over city walls. The cloud ladder is not a simple ladder but a complex-structured siege device.
    The cloud ladder is composed of three parts: wheels, the ladder body and hooks. The ladder body can be adjusted in Angle by tilting up or down. There is an iron hook at the top to fix the city wall and wheels at the bottom for easy movement. Its weight can reach over a thousand jin. It is equipped with devices such as a shield and a winch, and can resist the attacks of the soldiers defending the city.
    The cloud ladder was widely used in siege battles during the Warring States Period. For instance, the State of Chu once planned to attack the State of Song with a cloud ladder. Its design embodies the wisdom of the ancients, enhancing the efficiency of siege through mechanical devices and becoming a symbol of the “war beast”
    The core of the allusion “Crossing the Wall Ladder” stems from the game story between Mozi and Lu Ban (Gongshu Ban), embodying the wisdom of “offensive and defensive games” :
    During the Warring States Period, King Hui of Chu ordered Lu Ban to build a cloud ladder in an attempt to attack the Song. When Mo zi heard this, he rushed to the State of Chu to dissuade him and put forward the ethical contradiction that “righteousness should not kill the few but the many”, but the King of Chu still insisted on going to war.
    Simulate offensive and defensive battles
    Mozi used a belt to simulate the city wall, and Lu Ban used wooden chips to represent equipment to conduct an offensive and defensive drill.
    Lu Ban attempted nine strategies to attack the city, all of which were defused by Mozi.
    Mozi broke through Lu Ban’s defense with only three attacks.
    Ultimately, Mozi declared that he had sent his disciples to assist the State of Song in defending the city, forcing the King of Chu to abandon the attack.
    Cultural implications
    This incident demonstrated that “even the most powerful offensive means have a way to break through them”, and thus the cloud ladder (the ladder over the wall) became a symbol of responding to the brilliant strategy, forming a dialectical relationship of unity in opposition with the “Zhang Liang Strategy”

    • Replies: @迪路
  60. 迪路 says:
    @迪路

    Incidentally, the Zhang Liang family previously belonged to the “Han(韩)” rather than the “Han(汉)”.

    • Thanks: JR Foley
  61. ltlee1 says:
    @littlereddot

    The fact that Japan and S Korea moved in this direction was quite a surprise to me. It bodes well for the world that the US is not able to intimidate them to commit suicide with the USA.

    Both South Korean citizens and Taiwanese find the US less trustworthy according to a recent commentary by Brookings:

    “Is the United States a trustworthy partner?

    Both Taiwanese and South Korean citizens believe that the United States is less trustworthy now than a year ago, when Joe Biden was president. Perceptions of the United States’ reliability have been trending downward for years in both Taiwan and South Korea. For instance, multiple scholars have tracked how Taiwanese respondents to the question “Do you believe the United States is a trustworthy ally” have felt more pessimistic since the war in Ukraine began in 2022.”

    https://www.brookings.edu/articles/the-trump-effect-on-public-attitudes-toward-america-in-taiwan-and-south-korea/

    Probably Japanese feel the same.

    • Thanks: littlereddot
    • Replies: @Anon
  62. At present watching FoxNews is more fun than Laurel and Hardy flicks. The sheer, DESPERATE, hysteria of the Fox robopaths, who have all undergone FULL Gordon Changisation is a delight to watch.
    Particularly Jews like Kudlow, whose Sinophobia is shot through with true Judaic race hatred. After all, why spend centuries taking over the West and becoming, thus, de facto world rulers, as your xenophobic cult always promised, when a bunch of ‘rice nigger’ goyim come along and snatch away the prize. And, worst of all, they do not grovel at your feet, as goyim must, but simply treat you as fellow human beings, not so much forgeting their place, but denying it outright. Seres delenda est!!!!!!!

  63. Anon[410] • Disclaimer says:

    Quote:
    _______________________________________________________
    China believes it has the moral high-ground on this issue because it is defending the rules of international trade which cannot be changed by executive fiat or the arbitrary actions of an impulsive autocrat who thinks the system should be reconfigured to suit his interests. Chinese leaders have made it quite clear that they are not going to budge on an issue which they consider to be a matter of principle.
    _______________________________________________________

    As I understand it, King Xi and his top leaders have no “morality” but instead just do what is best to maintain and grow their personal resources. I watched a documentary in the Western Israelite media about Chinese emperor Qin Shi Huang who enslaved all of China and forced them to work to make him immortal. His slave scientists finally came to their “best” solution by creating a potion consisting of the element mercury, thinking that since mercury is very pretty-looking and shiny, it would make the Emperor immortal. The Emperor consumed the mercury and then died from poisoning. This Emperor, just like every other Chinese Emperor, and just like King Xi, have no “morality,” no altruistic sentiments for their citizens. Thus, I speculate that it’s only a matter of time before Emperor Xi or his successor 100% capitulates to the Israelites. The Israelites never give up, they fight to their collective death. They never stop experimenting with high risk war tactics, such as creating COVID, extreme tariffs, the successful capturing of Taiwan and South China Sea which now both belong to the Israelites, etc. Never forget that China is already severely dying from a birthrate of one offspring per female.

    The Tariffs, just like COVID, might end up being a failed military tactic, but the Israelites will never give up and will always take extreme risks, for the ethnic glory of their people. Again, remember that Chinese Han are demographically dying, while the Israelites command a world population of around 6.5 billion people and own most of the world’s lands. When King Xi’s personal bank account is affected, he will capitulate.

    • Replies: @mulga mumblebrain
  64. @Reb

    For Western, particularly Anglosphere publics, with the US serfs in the van, to get in the proper genocidal frenzy for an exterminationist war on China, they need a frenzied hate campaign of unprecedented viciousness-and they’re getting it. What’s next, naturally, will be the rounding up of the ‘traitors’ ie those who ever said a good word about China, or who know anything about the country, its history and civilization.
    Anyone with any understanding of Western racist and supremacist psychopathy knew this was INEVITABLE, and would destroy humanity as the West executes a global ‘Samson Option’ if, as is almost certain, they are beaten. It was only a matter of time, and delay makes Western defeat ever more inescapable, as China dominates science, technology and production. All the West has left is racist arrogance, boundless savagery towards scapegoats like the Palestinians and big mouths.

  65. @Walt King

    Good God man-he incorporates his IQ in his monicker.

  66. Trump hiring a Soros banker reminds me of when Obama kept Bush appointee Robert Gates as Defence Sec, after being elected to end Bush’s wars.

    I don’t know which is worse!

    As for describing financiers and oligarchs as “capitalists”…. are they really? Mostly they just play shell games with credit and debt.

  67. Organic says:

    “far-right, “shock doctrine” theories about shrinking government, lowering taxes”. So the way to economic prosperity is a bloated overpaid bureaucracy whose only purpose to exist, aside from some essential services, is to create more regulations and red tape. And lower taxes are also a great evil, not for the rich, but people in general?

    If that be the case then why is the EU an economic basket case?

    All sides of politics have some worthwhile ideas, just none all in the same party.

  68. Anon[410] • Disclaimer says:
    @ltlee1

    So what? Talk is cheap. What cataclysmic actions will Taiwan, South Korea, etc., take as a result of the White House being taken over by Israel’s Likud Party? Nothing. They will take no such actions. So, let the “babies” cry. Taiwan, South Korea, and Japan are now permanently owned by the “West.”

  69. Ron Unz says:
    @Mike Whitney

    After saying a number of times that it would not meet with US officials unless the tariffs were removed, China said today that they plan to meet US diplomats in Switzerland this weekend to discuss the issue. (So China “blinked” first)…IMHO, China loses some credibility by backtracking on its promise not to meet unless the tariffs were lifted.

    Maybe a little. But it’s possible that they just told the Americans that China would refuse to negotiate any trade issues unless Trump first removed a large portion of the tariffs. Given how lunkheaded the Trump people are, they might have needed to make that point directly and in person for it to sink in.

    I’d be surprised if the Chinese settle for anything less than a humiliating American climb-down, given that our store shelves might start to look pretty different within another few weeks.

    Some of the analysis made in this post seems pretty plausible to me:

    https://michaeltsnyder.substack.com/p/supply-chain-expert-its-going-to

    • Agree: 迪路
    • Replies: @迪路
    , @ltlee1
  70. 迪路 says:
    @Ron Unz

    We just recently released our foreign exchange data, which obviously cannot fill the hole of US debt. This is obviously telling the United States that it cannot rescue US debt by divesting assets from other countries.
    The stupid ideas of Trump’s group won’t work.

  71. @迪路

    I think I would second your notion. There is no comparison between Bessent and the MMT/Commie type like Yellen. Bessent and Powell are successfully re-shoring dollars and flipping the bird to our banksters in Europe. I’d rather have American Banksters than City of London or ECB banksters. The European Banksters are actually successfully being bled out right now with the implementation of higher interest rates and SOFR.

    I also think there is a difference between Soros Fund employees and Soros Foundation employees.

    • Thanks: 迪路
  72. @Pablo

    So you think a commie / MMT’r like Yellen is the same as Bessent? I’ll take Bessent all day long over Yellen. That hag 100% hates us. At least Bessent represents Wall Street and not the Davos crowd like Yellen. I do think there is a distinct difference between classic wall street guys like Bessent, Powell, Dimon than a Fink, Lagarde or Carney. The latter would rather tear down our whole system to rule over the ashes, versus the former who are just greedy bankers. In my opinion.

  73. @John Trout

    Lincoln was responsible for a totally avoidable war. The combined deaths of Northern and Southern soldiers are estimated at 620,000. More Americans died in the Civil War than in WWI, WWII, Korea, Viet Nam combined. This puts Lincoln in first place on the list of psychopathic U.S. presidents who have enjoyed sending young men to their death. That list includes Woodrow Wilson, FDR, Harry S Truman, LBJ, George W Bush etc.

    • Replies: @Observator
  74. @mulga mumblebrain

    While it does sound entertaining I cannot bring myself to watch FN

  75. Chaskinss says:
    @Walt King

    It’s yet another USian pathology–Gordan “Chang” syndrome. GCS

  76. @Anon

    Viciously deranged Judaic Sinophobia. The Judeonazis HATE China with every scintilla of Talmudic RAGE, part goy hatred, part Western racist hatred of the non-Western world and part fury that a non-corruptible, country, NOT vulnerable to Judeonazi infiltration and takeover, is about to surpass the West, then surely call the Judenreich to account. They will do ANYTHING to prevent that, and psychopathic fake histories and lurid character assassination is NOTHING new to them.

  77. @Anon

    These LUNATIC Yankee school-yard thugs think that China is like Grenada, or disarmed Iraq, or Latin America, to be bullied into compliance. To watch them on Fox, vibrating with raw hatred, rage, and not a little dread, is frightening yet hilarious.

    • Agree: Chaskinns, radicalcenter
    • Replies: @John Galt III
  78. A few issues with this article

    One weakness of this article, it does not list chinese debt ratios and does not show american savings volumes – which is a glaring biaseness.

    Then America has reserve currency status and can print money to make more or increase interest rates to suck in the rest of the worlds savings and bring more dollars home – but these come with other risks.

    Then, Trump has 3.5 years left – it takes about 3 -10 years to build factories and reshore and there will be some gains, but this will not be felt now.

    Supply chains for critical minerals are a 5-15 year horizon in the west – thats 2 presidencies after trump is gone

    Yeah, lots of pain still to come – good luck my American brothers and sisters – you are in for some fun times

    • Replies: @showmethereal
  79. @Mike Whitney

    (So China “blinked” first)

    Timeline after the Liberation Day

    April 4, 2025: Trump signs executive order delaying implementation of TikTok ban

    April 11, 2025: US grants tariff exemption for smartphones, computers, and other electronics arriving from China. [Roughly 90% of Apple’s iPhone production and assembly is based in China]

    April 22 to 24, 2025: Trump administration signals tariff easing in coming weeks dependant on deal

    President Trump told reporters on Tuesday that the 145 percent tariff on Chinese goods is likely to come down. According to CNN, Trump told reporters that “145% is very high and it won’t be that high,” and that “ It’ll come down substantially. But it won’t be zero.”

    The Trump administration had also indicated that the US were currently in talks with China over a potential trade deal. Also on Wednesday, he told reporters that the US was “actively” talking to China. However, this has been refuted by both China and members of Trump’s team. Also on Wednesday, the Treasury Secretary told reporters that negotiations had not yet begun.

    Speaking at a regular press conference on Thursday, Chinese Foreign Ministry Spokesperson Guo Jiakun also refuted that any discussions were taking place, telling reporters that “None of that is true. For all I know, China and the U.S. are not having any consultation or negotiation on tariffs, still less reaching a deal.”

    On Wednesday, the Financial Times reported that Trump was considering exempting car parts from the China tariffs.

    May 7, 2025: Chinese and US Officials to Meet in Geneva on Saturday and Sunday

    Trump has repeatedly said President Xi Jinping needs to contact him in order to begin tariff talks. Earlier this week, Treasury Secretary Scott Bessent said it’s up to Beijing to take the first step to de-escalate the dispute. Yet it’s the Americans who kept begging China to start talks.

    In an interview with Fox News, Bessent said that the current situation “isn’t sustainable” and that the two-way tariffs are the equivalent of “an embargo”. He added that he believed the meetings would be more about “de-escalation” rather than a trade deal. When asked whether the US would consider lowering the tariff rate on China in the interim as a show of good faith, Bessent said that “everything is on the table”.

    In the Fox News interview, Bessent also said that the US “does not want a decoupling” from China. However, he clarified that while the US will continue to buy low-value goods such as textiles and footwear from China, it did want to decouple over “strategic industries” that affect national security.

    On Wednesday, Treasury Secretary Scott Bessent said that the Trump administration is considering a tariff reprieve on some children’s items from China, such as car seats, baby strollers, and cribs.

    Bessent said under questioning from Democratic Representative Ayanna Pressley at a House of Representatives Financial Services Committee hearing that those exemptions were under consideration. Pressley, of Massachusetts, noted that more than 3.5 million babies are born annually and almost all strollers are made in China. “Now that cost is going up,” she said.

    Chris Peterson, the CEO of Newell Brands, the maker of Graco strollers, car seats and other children’s goods, said last week on an earnings call that approximately 97% of baby strollers and 87% of baby car seats in the U.S. are sourced from China.

    https://www.china-briefing.com/news/us-china-relations-in-the-trump-2-0-implications

    https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-announces-uk-trade-deal-with-us-china-trade-talk-date-set-191201267.html

    This is all while Zion Don keeps saying he he won’t not budge on China tariffs and how children don’t need 30 dolls, they can get by with only 2 dolls, yet he keeps making new exemptions.

    Sure looks like China blinking first.

  80. @Mike Whitney

    negotiating with pissed off gooks is not fun:

    https://www.npr.org/sections/thetwo-way/2013/06/07/189505944/koreas-agree-to-talks-but-cant-decide-what-kind-or-where

    South Korea has not yet responded to the counterproposal, which could be a stalling tactic reminiscent of the summer of 1951, when North Korea held up talks for weeks arguing over such minutiae as the height of chair legs at the negotiating table. (More than a quarter-century later, Hanoi argued similarly over the shape of the table in an apparent effort to stall talks on ending the Vietnam War).

  81. @迪路

    He seems awfully like Humungus

  82. Yababa says:

    I can assure every China troll roaming on this site, that Chinwhore under Trump ‘s extremely bold, calculated, and strategic assaults will become an isolated country whose exports will go down year after year, if negotiations with Iran and Yemen succeed.

    Chinawhore sleeps with any rich old fart, and those old fart aren’t gonna defend it.

    India will soon close CPEC, the only partially viable BRI link not under total US control, by occupying northern Pakistan. Modi and Trump are determined and united in this respect.

    The Malacca Strait is under US control.

    Trump is negotiating with Iran and Yemen over control of the Strait of Hormuz and the Bab Al Mandab. If negotiations succeed, the US will control all the chokepoints for Ferengi ugly midget trade.

    The Ferengi ugly midgets have no allies in Iran or Yemen. THEY have over a decade allied with Turks, Emirates, and Sawdees, all sworn enemies of Iran.

    Trump needs to bring Israel under control or bypass it somehow. This will be a hard task. Israel is allied with the ugly midgets in Beijing and the Gremin in the Kremlin to prevent US and Iran striking a deal. Evangelicals, key supporters of Trump, will be working with China to prevent US Iran rapprochement. Trump’s recent praise of Yemen could be meaningful.

    If Trump wants to choke the Ferengi he must sidestep Israel and the Evangelicals. Otherwise rhe Ferengi ang the Gremlin will keep using Iran and Yemen as cannon fodder against USA.

    • Agree: A_Hand_Hidden
  83. Yababa says:
    @Mike Whitney

    China whore is always for sale to the highest bidder.

  84. @John Dael

    China, Iran, Russia, Palestinian (Hamas), Yemen (Houthis)

    Hate them?

    Thanks for naming (3) crooked countries (2) Muslim organized crime syndicates that are evil and treat their own people like garbage and steal from them when they are not torturing them. You left out drug dealing Hezbollah by the way.

    If you like them so much, then move there.

    • Troll: Cloudwalker
    • Replies: @Cloudwalker
  85. @mulga mumblebrain

    Commie China is a garbage dump run by a dictator. It’s North Korea with factories and Bio Weapons Labs.

    • Troll: Cloudwalker
  86. ltlee1 says:
    @Ron Unz

    Maybe a little. But it’s possible that they just told the Americans that China would refuse to negotiate any trade issues unless Trump first removed a large portion of the tariffs. Given how lunkheaded the Trump people are, they might have needed to make that point directly and in person for it to sink in.

    Good point.
    Another possibility, China will convey the ASEAN+3 group messenge and suggest negotiation as groups at some levels.

  87. @Joe Wong

    The Whites replace Opium merchants with mafia banksters this time and War will follow soon.

    What my real world experience is, with their growing young gen. who were born equipped with smartphone and internet, and given their large percentage of STEM graduates,

    I’d bet 20~30% of their educated male population now know 2 Opium Wars were a total orchestration of int. jewry using their usual tactic of :

    trick-plot-deception-weakening-misinfo.-attack-plunder-destroy-robbery

    When I were in Shenzhen I encounter all kinds of ages and professions, although some lesser jewry-wary guys still holding a grudge against French/British/Dutch, Whites etc, I can still have a fair conversation with them instead of being knocked down by a hammer on sight,

    It’s undeniable European Whites have acted as Zion’s loyal pet and foot soldiers for centuries, on a personally level I’ve tried my best to educate every Chinese who would listen that,
    European Whites are not the ones who doped them with Opium and later waged war against them, simply because China decided to ban opium import when they had a addiction problem,

    it was int. jewry’s oldest ‘industry chain’, orchestrated right from Afghan to Mumbai, then shipped to GuangZou and Shanghai,
    Europeans participated and engaged it, yes they will have to return all those art and treasure looted from China, but the real mastermind is behind the curtain

  88. Chaskinns says:
    @John Galt III

    GCS–another case of USian Gordon “Chang” Syndrome.

    • Replies: @mulga mumblebrain
  89. @John Galt III

    China, Iran, Russia, Palestinian (Hamas), Yemen (Houthis)

    Thanks for naming (3) crooked countries

    China, Russia and Iran—

    3 crooked countries???

    China had the best all-in-all service I had, while Iranian women are beautiful, and Russia is tons of fun and majority of the citizens are educated and warm-hearted

    You sniffing Yelen’s mushroom fart out of her rear??

    Johnny, Zionists in America LUV LUV LUV Israel Sooooo much
    They lobby the entire u.s. congress whores to pass Anti-‘Semitic’ Act and aiming at an ironfist over anyone who spew the slightest criticism on Israel’s actions,

    That is happening right here, under everyone’s nose in America

    Did you dare tell them to all flock back to Israel?

  90. @Yababa

    I think you are confused, to put it mildly. You suggest Iran will strike a deal with Trump to go against China? That is Mr. Trump who abandoned the previous agreements the US made with Iran?

    It is wishful thinking, and ain’t gonna happen.

  91. @J.K. Wilson

    I think you are confused,

    You are very kind. But you flatter the creature.

    It doesn’t think enough to get confused.

    If you observe its utterances long enough, you will know.

    • Agree: Notsofast, Xavier
  92. Yababa says:
    @J.K. Wilson

    I am suggesting it as a possibility.

    It also depends on whether it is more important for the US to choke the chinks, or to please Israel. Trump wants to do both, obviously.

    I think the Iranians are being baited with such an offer. Given their past history, it is likely they will take the bait and probably be cheated again. That’s because neither the Chinese nor the Russians have the guts to seriously confront the US and stand behind Iran.

    Iran is alone with a gun 👉 pointed at its head, so what choice does it have? Neither the Chinese nor the Russians have been willing to confront the US over Iran.

  93. Looks like stamping out the national socialist economic model in Germany didn’t stop it from being reborn in China. But provoking a war with China as the US did with Germany would be suicidal folly. I wonder if the schoolyard bully will realize this in time, or go on believing that WW3 can be fought and won using the tactics of WW2 against a vastly more powerful adversary which this time can actually obliterate the imperial homeland. Given the quality of our greed-blinded oligarchs and their hired guns, I kinda guess not.

    So this Soros character actually acknowledges that the US empire is the single greatest obstacle to world peace and prosperity? I thought he was some kind of bad guy. Ending the empire is the first step to restore our republic in any case. Our government has failed so dramatically because it was designed to administer a republic, a small one at that, and not a vast militarized empire. We are not very good imperialists. We may admire example of our English motherland at the same time we loathe the Limeys and even exceed them in perfidy, but we determined long ago that our national character is not theirs.

  94. @Tennessee Jed

    It wasn’t Lincoln who decided the shred the U.S. Constituting because he wasn’t happy about who won the presidential election. Nor was it candidate Lincoln or the GOP that had one word in the 1860 party platform about tampering with slavery in those places where state law gave it legal existence. The rub was that four hundred aristocratic slaveholding families wanted to expand the system to the Midwestern territories, where it had never existed before, while the American electorate made it abundantly clear that they wanted that land open for free, white family homesteading only, banning blacks whether slave or (in several places) free from the new states. And finally it was not Abe Lincoln who fired on Old Glory at Sumter. That was Jeff Davis’ incredible mistake, ignoring the wise counsel of Confederate Georgia senator Robert Toombs who warned him in vain such an attack, “…will lose us every friend at the North. You will wantonly strike a hornet’s nest which extends from mountains to ocean. Legions now quiet will swarm out and sting us to death. It is unnecessary. It puts us in the wrong. It is fatal.”

    • Agree: Christoph88
    • Thanks: Cloudwalker
    • Replies: @k. hildegraff
  95. @Yababa

    https://www.giantfreakinrobot.com/ent/star-trek-ferengi.html

    Ferengi were later portrayed as ultra-capitalists who are happy to work with other cultures as long as it brings them personal profit.

  96. Vidi says:
    @Goldgettin

    Did I just read, [China and USA] have decided to meet in Switzerland this weekend?

    My understanding is that talks between Beijing and Geneva were arranged last year, long before Trump’s return to the White House, and Bessent barged in.

  97. MarylinM says:

    It is very constructive to remember that the Yellow Asian genotype is the polar opposite of the White European genotype. The tactics and domestication methods that work on the Whites, are impotent on the Yellows. Mr. Bessent and Mr. Trump need to find their Canossa soon.

  98. @J.K. Wilson

    The whole world knows that the USA and its Master, the Jewintern, are ‘non agreement capable’. NEVER to be trusted, ever.

  99. @John Galt III

    A pig ignoramus as well as a racist cretin. The perfect Randian package. Kudlow is a Jew, and of the least admirable type.

  100. 迪路 says:
    @J.K. Wilson

    This yababa is a MAGA. You don’t have to say anything to him. Just despise him.

  101. @Observator

    Never knew of “Confederate Georgia Senator Robert Toombs”, but such a fascinating foreshadow of Japan’s Imperial Navy Admiral Isoroku Yamamoto who is reputed to have warned of attacking Pearl Harbor by saying “You will awaken a sleeping dragon”. History does rhyme, I guess.

  102. Trump admits trade war with China is about opening markets (not tariffs) on Truth Social this morning:

    @realDonaldTrump

    CHINA SHOULD OPEN UP ITS MARKET TO USA — WOULD BE SO GOOD FOR THEM!!! CLOSED MARKETS DON’T WORK ANYMORE!!!

  103. This seems relevant, even if its just the numeric expression of whats at stake.

    The problem is, numerals still remain superficial, and you can never move history forward by talking about them.

    Most people really aren’t very greedy, and hence they have no interest in counting shekels. They can be made greedy through the normal distribution of fashion, but still, they’re ultimately very lazy.

    The laziness always overpowers the greed. Unless there is some other purpose at work.

    And that other purpose is what gentiles do not have.

  104. @A South African Makulu

    Money printing decreases purchase power…. Inflation already grossly hurt Americans… So they are trying to avoid doing more… But yeah there is little coherence in strategy and policy…. They just hope to create chaos and hope they are the last ones standing.

  105. @John Galt III

    Ahhhh… North Korea probably has bio weapons labs… Remember the US used germ warfare in the Korean War…. Same with North Korea has nukes – they likely have bio weapons too… Cute try though… That’s like 10 year old level. Like those American politicians that said “Russia is just a gas station with nukes”. Both of them are mopping up the NATO proxy right now. Just ask the Ukrainians driven out of Kursk by the North Koreans fighting with the Russians.
    I’ve never been to North Korea – and I know you haven’t (though I know people who did)…. Doesn’t seem dirty to me… But you probably think they can’t build things – like you probably believe Russia was fighting Ukraine with shovels and chips from washing machines:

  106. @John Galt III

    Commie China is a garbage dump run by a dictator.

    What does that make Jusa who borrows money from ‘peansants’ ‘garbage dump’?

    A Coked-up Street Hooker??

    Sounds pretty much like where you grown up

    • LOL: showmethereal
  107. @John Galt III

    I see he converted to Catholicism, but you can still hear the Jewish music, as Ledeen put it regarding Machiavelli. Kudlow’s no Machiavelli.

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