bhaugen
boosted
bhaugen
boosted
"Trump’s Treasury Secretary, Scott Bessent, went on Fox 'Business' to announce that China had agreed to buy 12 million metric tons of soybeans this season and 25 million tons per year for the next three years." Sounds impressive, until you look at the facts: under President Biden, China purchased 27 million metric tons of soybeans in 2024, more than what Trump just 'negotiated.'"
~ Ben Meiselas
#Trump #tariffs #China #TradeWar #soybeans
/1
https://www.meidasplus.com/p/thursday-afternoon-news-updates-103025
"When Xi Jinping walked out of his meeting with President Trump on Thursday, he projected the confidence of a powerful leader who could make Washington blink.
The outcome of the talks suggested that he succeeded."
~ Lily Kuo and David Pierson
#Trump #tariffs #China #TradeWar #soybeans
/3
https://www.nytimes.com/2025/10/30/world/asia/china-trump-xi-trade.html
"By flexing China’s near monopoly on rare earths and its purchasing power over U.S. soybeans, Mr. Xi won key concessions from Washington — a reduction in tariffs, a suspension of port fees on Chinese ships and the delay of U.S. export controls that would have barred more Chinese firms from access to American technology."
"When Xi Jinping walked out of his meeting with President Trump on Thursday, he projected the confidence of a powerful leader who could make Washington blink.
The outcome of the talks suggested that he succeeded."
~ Lily Kuo and David Pierson
#Trump #tariffs #China #TradeWar #soybeans
/3
https://www.nytimes.com/2025/10/30/world/asia/china-trump-xi-trade.html
"Trump’s Treasury Secretary, Scott Bessent, went on Fox 'Business' to announce that China had agreed to buy 12 million metric tons of soybeans this season and 25 million tons per year for the next three years." Sounds impressive, until you look at the facts: under President Biden, China purchased 27 million metric tons of soybeans in 2024, more than what Trump just 'negotiated.'"
~ Ben Meiselas
#Trump #tariffs #China #TradeWar #soybeans
/1
https://www.meidasplus.com/p/thursday-afternoon-news-updates-103025
"Trump’s Treasury Secretary, Scott Bessent, went on Fox 'Business' to announce that China had agreed to buy 12 million metric tons of soybeans this season and 25 million tons per year for the next three years." Sounds impressive, until you look at the facts: under President Biden, China purchased 27 million metric tons of soybeans in 2024, more than what Trump just 'negotiated.'"
~ Ben Meiselas
#Trump #tariffs #China #TradeWar #soybeans
/1
https://www.meidasplus.com/p/thursday-afternoon-news-updates-103025
While the US blundered with tariffs, China simply paused exports of the minerals vital to drones, missiles, and EVs to teach America a lesson.
Trump, the trade bully, had no choice but to cave. Xi politely smiled as he handed the US a geopolitical surrender wrapped in a deal.
Meanwhile, America’s vassals got watch the self-proclaimed superpower get schooled by a country that does actual economic planning.
https://www.nytimes.com/2025/10/29/opinion/china-us-trade-war-xi-trump.html
Ross Young
boosted
recent price chart for the #TRUMP #memecoin shows a massive crash in price on the left (when Trump announced new tariffs on #china) and a massive pump just now (when Trump TACOed and announced there would be a trade deal with china) coincidentally back to exactly the same price it was before the first announcement.
99.9% of TRUMP trading happens on offshore #crypto exchanges that are controlled by chinese nationals and banned from operating within the US.
every $1 the price moves up the trump family gets a billion dollars and every $1 the price goes down the trump family loses a billion dollars.
put it all together and it means the chinese can pump or dump the trump family's net worth by billions any time they want to. the response will be predictably pavlovian.
#uspol #prc #Uspolitics #corruption #cryptocurrency #memecoins #TACO #tariffs #tariff #tradewar
recent price chart for the #TRUMP #memecoin shows a massive crash in price on the left (when Trump announced new tariffs on #china) and a massive pump just now (when Trump TACOed and announced there would be a trade deal with china) coincidentally back to exactly the same price it was before the first announcement.
99.9% of TRUMP trading happens on offshore #crypto exchanges that are controlled by chinese nationals and banned from operating within the US.
every $1 the price moves up the trump family gets a billion dollars and every $1 the price goes down the trump family loses a billion dollars.
put it all together and it means the chinese can pump or dump the trump family's net worth by billions any time they want to. the response will be predictably pavlovian.
#uspol #prc #Uspolitics #corruption #cryptocurrency #memecoins #TACO #tariffs #tariff #tradewar
"Trump’s mask-off economic doctrine is on full display: Riches for friends, pain for enemies. Is it any wonder business leaders are falling in line?"
~ The Bulwark
#Trump #shutdown #SNAP #food #EconomicElites #FoodStamps #tariffs #TradeWar
/3
China is aggressively expanding overseas RMB lending, reaching $480bn in five years, to boost the currency's global role and reduce reliance on the US dollar. This strategy aims to counter the weaponization of the dollar, primarily by increasing RMB use in trade finance, where it's now the second most-used currency. Beijing is also building its Cips payment system and opening markets via Hong Kong to foster a multi-polar system.
https://www.ft.com/content/4577100f-8b71-4647-8e7e-fead115d9552
According to WSJ, China has upped the ante with shock-and-awe maximum pressure on Trump.
“Chinese have demanded a full capitulation: the removal of ALL U.S. tariffs and export-control measures ever imposed.” 💥
Welcome to a post-American world order.
https://www.wsj.com/world/china/china-trump-strategy-06841606
Doug Ford did his usual bull-in-china-shop moves, totally inferior at strategy and tactics in dealing with irrational, unhinged personalities.
You'd think he'd understand the triggering of knee-jerk reactions given his and his families history/behaviour, but inherent in such personalities is an inability to learn from experience nor think more than one step in advance.
He's just blundering and breaking things.
Trump is rolling back tariffs on products that cannot be grown, mined, or naturally produced in the United States. 😆
https://www.wsj.com/politics/policy/trump-tariffs-reciprocal-exemptions-e36f1216
Nvidia CEO Jensen Huang says they have lost the biggest market:
"We’re 100% out of china — from 95% market share to 0%. Whatever policy did that made america lose one of the world’s biggest markets.”
Bessent had a diplomatic meltdown calling China’s trade envoy Li Chenggang “unhinged’, mispronouncing his name, and referring to him as a “lower-level” nobody. Bessent then claimed Li’s “chaos” threats were rogue. 🤡
Seems like the US assumed they could escalate until it was no longer convenient, and then wind things down on their own terms. Sucks to suck.
Markets panicked over China's rare earths power play. Meanwhile, the US economy is quietly falling apart: jobs are vanishing, housing is stalling, and the only thing rising is unemployment. But hey, the Fed might do a pity rate cut.
｢ Microsoft wants to manufacture parts and components, and assemble products for new notebook computers and servers outside of China starting as early as 2026. The tech giant has already started shifting a large portion of its server production out of China in 2024, the sources said. Next on the list to be pushed outside of China is reportedly the production of Xbox consoles ｣
https://gizmodo.com/microsoft-joins-big-tech-giants-looking-to-exit-china-operations-2000673066
Trump said his proposed 100% tariff on goods from China would not be sustainable, but blamed Beijing for the latest impasse in trade talks that began with Chinese authorities tightening control over rare earth exports. 🤡
https://www.reuters.com/world/china/trump-says-100-tariffs-china-not-sustainable-2025-10-17/