‘Correct mistakes’: China calls on US to ‘completely cancel’ reciprocal tariffs

28 comments

1. Art of the deal. I’m looking forward to the 🍊🤡explaining how this was the plan all along and how great it has made the USA.

2. Yeah just go ahead and cancel the tariffs while never being able to repair the damage that has been done to the US on the international level.

   This all went so swimmingly.

3. We have zero leverage

4. He will suddenly cancel all tariffs and say they have served their purpose and everybody is rich now and his followers will throw a parade for him 

5. The Art of the Deal is not getting new tariffs and losing the previous ones. Brilliant gambit, Sir [wipes tears from his eyes].

6. I wOnT BLiNk- Donny after shitting himself

7. China just casually appearing to the world like a normal, stable trade partner. No crazy uncalled for actions.

8. Don’t they know you have to call Trump a bitch or he won’t do it? 

9. Absolutely love how China is in control of this whole situation. #artofthedeal

10. I remember when USA used to be relevant.

    Seems like yesterday.

11. The Jabba the Hut in chief has been obsessed with tariffs for decades, he is a graduate of Trump University, dumber than a brick. 

12. I love how they are just ignoring him, not begging nor calling. They may finally found a way to deal with him, just don’t mind the idiot too much.

13. I like this move they are not letting him off the hook until he’s owns it.

14. “It was just a prank bro”

15. News media needs to stop calling these “reciprocal tariffs”. There’s nothing reciprocal about them.

16. Art of the Fail

17. Calling them “reciprocal tariffs” is giving Trump too much credit. They weren’t even reciprocal, they were just tariffs that he called reciprocal.

18. Ok. China’s warning to the US to cancel reciprocal tariffs is their next move. It’s hard to imagine Trump doing this though now that China calls it a “mistake”. I’m concerned that this is not the story. With the rapid rise in the yield for 10 year US Treasuries to 4.5%. Other threads say this is evidence of lack of demand. There is a rumor that the new Canadian PM Carney is organizing this effort. But China owns $3 trillion of Treasuries. If they start selling they can drive the yield to over 5%. This would drive the US to default on its debt and provoke a huge financial crisis. The USD would go to meltdown.

19. This might be the worst dick measuring contest since the dawn of the cold war.

20. Even if all trade relationships reset back to normal, the damage is done. People around the world have been switching to other suppliers for food and other goods. It’ll take years to win back this market share.

21. Media needs to quit calling them reciprocal tariffs. That’s buying the contrived nature of the things.

22. Trump will cave within the week while China will never speak to him.

    He’s the most pathetic little bitch in the world. He’s a malignant narcissist who will fold the moment anyone he deems powerful looks at him wrong.

23. Funny how trump owned casinos yet still sucks at poker.

24. There will be trillions of tax cuts for the rich, tariffs will be needed to pay for them. And he’ll still balloon the deficit.

25. If Trump actually put America first, he would cancel the tariffs and apologize to the American people and the world for the damage that he caused.

    Of course Trump always puts his ego first and almost never puts America first.

26. Before trump, never thought I would be pulling for China

27. Trump doesn’t have the cards. Has he even said thank you to Xi?

28. So far, nothing has really changed. None of the tariffs on any country have been rolled back. It’s only a 90-day delay. The one-month delay on electronics is also just that: a delay. Lutnick just said there will be a tariff on electronics. How much? Nobody knows.

    Companies can’t operate under these circumstances. Every business importing goods from China still has to pay a 145% tariff right now. That’s the one tariff that isn’t delayed. It is already costing jobs.

    The thing that worries me most is that there is nobody in a position to stop or even influence Trump. It’s Trump all the way down. China will certainly not call. The U.S. is destroying itself economically and handing the crown to China. They simply have to do nothing and just watch.

    Trump’s only rule is to never back down and to always double down. This isn’t over. Fox News is still firmly behind Trump. Republicans are firmly behind Trump. It seems he really believes that this all makes sense in the long run. He will bring manufacturing back, screw small businesses that are too weak, screw the services industry, and screw anyone who isn’t with him. He wants to go down in history as the president who changed U.S. trade policy, restored the budget, and solved all of America’s problems—him alone, because he is a genius. If he’s wrong and the U.S. goes into recession, he would be the last person to admit it. He’d blame it on everyone but himself.

Comments are closed.