White House Press Secretary Karoline Leavitt and Treasury Secretary Scott Bessent hold press gaggle outside the White House. US Treasury Secretary Scott Bessent gives details on the China tariff increase and the 90- day tariff pause on other countries.
As outlined in the press remarks, 75 countries have contacted the White House to renegotiate their access to the U.S. consumer market. Secretary Bessent noted, each of these new trade agreements needs to be handled independently and “President Trump wants to be personally involved in each one. That’s why there is a 90-day pause.”
Bessent revisited his prior comments and warning to global trade partners about not retaliating to last week’s announcement. The hostile response from China was the triggering mechanism for the tariff increase. WATCH:
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I love the headlines “Trump balked”, “Trump reversed course”, Trump got scared”, this was always the plan: low tariffs are gonna come with benefits to American companies with either reduced tariffs or purchase agreements.
The idiots in the media can say whatever they want but it’ll be another example of Trumps gonna ruin xyz but the opposite will happen.
Just a quick reminder that a lot of Main Street actually depends on both Wall Street and Government street. We may not like it, but it doesn’t mean it’s untrue.
There is always a price to pay. If 10,000 people in a town get laid off a government job, the Main Street stores lose customers. Some self employed coffee shop owner who voted Trump WILL lose her business if half her customers get the ax
The end of the income tax? Your CPA friend who started an HR Block franchise? He’s toast. Did mass layoffs and contract cancelations? TX, FL, CO MAGA areas immediate recession.
All the restaurants get smoked. Grocery stores. Movie theaters. All those paying Main Street customers? Gone.
They didn’t hit pause because of a long line of other countries showing up to negotiate. They hit pause because a national panic was starting to take hold. The Dow was a symptom.
People are starting to do the math. HALF this country is either a direct government employee or in a government adjacent job (tax prep, contractors, education, guys that pave roads, building inspectors, airline/airport employees).
We have no choice but to bring the country back from the brink. Killing the patient is not a cure for cancer though.
WTF are 5,000,000 instantly unemployed people going to do?
Washington DC area is going to suffer but they were living the high life and should be able to carry themselves until something new comes up. Probably many will return to their home towns and Main Street there will benefit.
As Biden told the coal miners, they can learn to code.
It is not just Washington DC. We have enormous government footprints in places like Denver and Colorado Springs where I live. Cheyenne, WY. San Antonio, TX. Tampa and Miami. LA. Great Falls, MT. Tacoma, WA. Huntsville, AL.
And there will be ripple effects at State and Local levels.
People don’t fully understand why we call the current government “Leviathan”.
HALF or more of every single working citizen of this country is either a direct employee of Fed/State/Local govt, or in a directly adjacent industry like medicine, education, the dudes that pave roads, contractors, etc.
HALF is not sustainable. But gutting that half may not be survivable. It was a piece of cake for the media to turn the selloff into a mass panic.
Too bad.
PS Once our nation begins to add jobs in many sectors, some of these people really can be retrained.
The others will just be lost souls. As usual.
I lost my work in 2022. The country is still around. Maybe the government folks can be retrained.
Talk to the hand
Bessant covering for the Pres on this one. According to Barrons the bond market panicked on the tariffs, yields rising dramatically overnight on the 10-year, indicating the bond market had little confidence in the future and making it more difficult for the Treasury to borrow. It’s a good story about the 90-day wait but Trump aint no fool. It will all work out anyway. Also the negotiations with Shia Iran in a Sunni country indicates to me that Trump is preparing a big-time Middle East peace process that may just unite the Arab world (that’s the intent I think). If that happens Bibi will find himself on the outside looking in. If anyone can pull that off it will be Trump.
China has reported the US to WTO.
As if that will help them
PDJT should abandon the WTO and dismantle it
Indeed. Amen.
Trump saw the stock mkt crashing abd listened to Musk and Ackman who proposed the 10% across the board tariff before the market crashed. Not everyone owning stocks are billionaires. MAGA folks own stocks and all don’t shop at Wal-Mart.
I think it was Bessent who got asked about the effect of low information people cashing out their 401K’s, taking the loss and penalty and largely not having an answer for that.
We all know a surprising number of people who, unbeknownst to us, have accumulated a lot of retirement wealth over the last 30 years.
Don’t forget, we were all warned in the early 1990’s that social security would not be around when we retire. If you did $200 a month for 30 years at an annualized rate of 6%, you’d have $200K roughly by now. In that time, you rode out the dot com bust, the 2008 crisis, and covid.
But now you’re old and you don’t have 5 years to recover. Suddenly, your $200,000 of retirement savings is heading rapidly towards $150,000.
For most people, that is panic time. Hence the pause.
Many Boomers, but especially GenX, collectively have a lot more than $200K saved up. There is a huge amount of generational wealth in the stock market and in real estate.
Trump has to be careful because if they eff this up, old people get wiped out. And young people won’t have the ability to support them. Anyone even remotely tied to government employment, government adjacent, or the Main Streets of towns with a large proportion of government are about to experience an upheaval we haven’t seen since 2008. Maybe even ‘81.
What is this fiction of people with $200,000 having 100% invested in equities….and living off of it?
I agree, this would be stupidity on a major level.
if its government, that gov might have picked the crappiest investments for their employee
Why so apologetic about government employees? I am assuming there is severance and retirement. I have never gotten any of that, yet my taxes pay for them. Where is mine?
If people “eff this up”
by NOT backing President Trump up 100%
which includes making sure that the people he wants primaried ARE primaried plus making sure that Republicans gain seats in the House and Senate next year….
“old people” won’t be the only ones who will “get wiped out”.
EVERYONE will be at risk of getting ” wiped out” in ways few Americans can even imagine much less survive.
he cant say 401ks had to drop to make my poker face look real to world leaders that want to kill our way of life.
instead he said we are doing action A. dont retaliate. then stopped after the identification of retaliators. 9 days,
No, what PDJT saw was this…
Nope. They saw a panic. If they don’t announce a pause, the selloff would have continued. The screen shot is a convenient excuse.
Don’t forget, the rest of the world holds a LOT of our debt. If they dump treasuries our interest rates go UP.
Nice for my savings account and money market. Bad for the national debt.
And bad for retirees.
Good for team Trump for acting quickly. Like I wrote elsewhere, it’s a bit like then end of “Trading Places”.
We’re trying to buy low tariffs by selling high tariffs. Eventually, I think we’ll find out if other countries are dumping treasuries to retaliate while simultaneously begging to negotiate.
They must have game planned this, it’s not rocket science to realize that the market might panic with the uncertainty of tariffs, and that China held a large amount of treasuries with the potential to dump.
The plan I think was to corner the Chinese bear, and get allies to negotiate directly with the US and calm the markets.
The Trump Administration would look weak if they oscillated with the reaction of the market. Saying that, I’m sure they’re watching the bond market closely as every administration for years does.
They did plan it. Bessent said he and President Trump spoke Sunday about the issue. What was his words? Don’t retaliate.
I read that POTUS really took note when he saw Japan dumping treasuries.
“Japan dumping treasuries”
Fwiw…..
Treasury bonds were sold today, as required by law, by Trumps Secretary of the Treasury, Bessant.
What happened?
The sale of US Treasury bonds/debt was a HUGE triumph for President Trump since it PROVED that international big $$$ was backing him and America in this Global Trade War
Those who had been predicting that this treasuries sale would prove that the world was backing China and that Trump plus America were now global pariahs were BTFO, bigly!!!
😍
Lol.
“I think” == I imagine and guess then present these creations as an irrefutable fact based on vetted primary sourced research and dispassionate critical analysis
the sell off bottom’d out already.
panic is the place. find a way out.
things stopped falling right? will go up with every announced deal that gives certainty right? there are 70+ of these announcements coming right?
70 times for your money to sky rocket each time
Yes, he did!
china partners to abuse our market were forced to retaliate by china.
he can free some from china
I’m certain that is the goal. But that doesn’t mean they can be cavalier about the impacts on actual Americans.
There is a not small number of Trump voters living off their savings which is tied to the stock market.
A lot, lot, lot of people believed what they were told about social security going broke, so 30-40 years ago huge numbers of people started diverting money into stocks through IRA’s and later 401K’s.
It is not acceptable to tell those people “Screw your life savings. We don’t care.” Like we’re criminals or something.
It’s not like we’re gonna flip a switch next month and 1,000 new factories open up to employ the 5,000,000 fired from govt jobs or who lost their govt-adjacent jobs due to DOGE.
If I read the comment section correctly, I believe “eff those people, they deserve it” is the current thinking.
Your alternative is to be completely obliterated.
You want this done without pain or risk.
That is impossible
We were just one short breath away from oblivion.
Again, you’re playing Russian roulette by pointing the gun at OTHER PEOPLE.
Russian Roulette? Nope. The real roulette was not doing anything about the trade imbalance. In fact, not acting was slow suicide to the USA
u think there is a gun. throw that idea away.
we have the leverage
just cause china and financial firms pump sold the treasury bonds to aid the political news messaging doesnt mean anything
No, Russian Roulette is the stock market in the first place. No different than going to a casino and blowing your money. It is ridiculous to think both don’t have risks. Nobody twisted my arm to invest so I am to blame either way.
Me and nobody else. I can take it out put it into fixed every month or so if I chose. Quit blaming outside factors. It is the investor’s fault. We chose it, we have to live with it.
Stock markets have been over valued for some time, as well as other assets like real estate, etc. Typical for an overextended period of low rates, and fiscal stimulus.
Problem is where to invest because you’re definitely not getting much from CDs or interest bearing savings accounts. Covid only made it worse, and historically interest rates remain low.
After 9-11, Gold was a good investment at historical lows less than $300/ounce. There are more options than the stock market. Invest wisely.
Invest in yourself and your family – lose weight, lift weights, repair that frayed relationship, start that garden, learn that musical instrument, etc.
If you follow traditional analytics / charting the S&P will have to fall to 3,400 to leave the bubble territory.
because they keep us in with it going up. they steal from us then crash it later.
Your 5M mostly have severance.
As anyone else, they can look for new work like everyone else. Unless they cannot think for themselves. There are already jobs out there, so God will steer the earnest ones, no?
and plan the interviews for companies not dependent on the USA being bent over
New factories employ people BEFORE they open. Architects, real estate, bankers, construction workers, supply stores etc…
“the goal”
Fwiw. …
President Trumps Trade War has MULTIPLE goals, both short term and long term, rather than just ONE goal.
Additionally, President Trump has global Trade War goals, regional goals and nation specific goals which are all interconnected in multiple ways
keep your money. trust who you trusted with your vote, and use his last 4 years to gauge what he will do
401ks will be higher
people without 401ks will be richer
(he is talking to the EU and China. we can screw with his poker hand with our insecurities if we arent careful.)
he couldnt say 9 then it will start to recover versus them crashing your 401k and saying ooops u got nothing because of a banking crisis
the dollar and our independence with the ability to last thru a potential war was being attacked ( supplying our needs). no 401k would have existed with that.
I don’t think President Trump has been cavalier about the impacts on actual Americans. The pain is short term. We have lost money in our retirement accounts before, a lot! But over time the Stock Market comes back. The stock market never has worked as just continuously going up and never going down! The reality is there are ups and downs and people are in the Stock market for the long term.
We have to think long term about our country. Where we are now has been decades in the making. We must get our manufacturing back: it’s a matter of national security.
That is what the tariff and nom-monetary regulation reform is all about. America has been tariffed almost to death by other countries.
Finally we have a President courageous enough to say, “Stop!” There will be no more taking advantage of American workers and retirees.
All retirees if they have retirement accounts are understandably worried about the losses, but this is unavoidable short term pain in order to get our country back, get our economy to thrive again, get good middle class jobs so we can rebuild our middle class which has been decimated by bad globalist decisions in the past.
In the past the globalists got all the wealth they could ever use and more, and the American worker got stiffed. If you depend upon the Stock Market YOU ARE DEPENDING UPON THE HEALTH OF THE AMERICAN ECONOMY.
Trump and Bessent are working on strengthening our economy. You cannot spend your way to a strong economy! They have come up with a plan to strengthen our economy with manufacturing, industry, and making products that are required for national security (like medicines, IV fluids and IV medications that we are depending upon China for). And we will also strengthen our use of technology to make products people want all over the world.
Hang in there. No one is saying “Screw your life savings!” The people who said that were the ones that lost the election! The globalists have been saying it to us for decades!
Now we have leaders protecting our future as a country.
Jack Posobiec used his podcast to explain the “Art of the Deal” deliberate strategy that was used here.
‘Panda’ China had to be exposed as ‘Dragon’ China, with all the others up for negotiation and China saying no way.
As Sundance explained
Expose the “dragon China” hiding behind the kindly Panda mask.
Plus expose the rabid Chihuahua Eurozoners who had been masquerading as THE worlds controllers.
and the EU.
t
retaliators had to be identified.
pain in the 401k hadto be shown for retaliators to bielieve he was real about this
( once you get annoyed at people not understanding this, thats your indicator you understand PDJT)
Proof Musk/Ackman proposed 10%?
Trump knew this would happen. I think he wished to hang on longer but when the bond market neared disaster, he was ready for Phase 2 of his plan.
He knew the Nervous Nellies would apply pressure and scare everyone . Let them take credit for it if they need that to shut them up for phase 2, the hard part, hashing out details with the suitors, and then China.
Sundance might be let down. I don’t think Donald is going to try to hang China out to dry.
I love Mr. Wonderful’s advice, but something tells me Trump won’t use a dagger.
After all, China controls whether any of us gets our meds. That’s a pretty powerful card they have to play.
Maybe India?
I got the upgraded spinal stimulator surgery I’ve been putting off last Friday, just in case China uses our drugs against us. It wasn’t as bad as I thought it was going to be, and I’m hoping my pain can be managed with otc painkillers once the incisions heal.
No effing Chinaman is going to hold this old broad at gunpoint!
The 10% was always the baseline.
If you look at what he said early on which was to hold on and not panic and that it was an excellent time to buy, you would loose nothing and perhaps gain. I see all the reports in the MSM that ‘Trump Panicked’, well if you look at it, Trump just put China on a hot burner and made the rest of the world clap while he raised the standard US tariff from 2.5% to 10%. A four fold increase and the world is laughing at him…..
“Trump panicked” == today’s scripted psywar reaction to Team Malevolent getting totally BTFO by Team Trump.
Again.
This psywar reaction du jour is a formulaic combination of wishful thinking and projection.
“Trump panicked”?
😂 😂 😂 😂
“Trump saw”….” and listened to Musk and Ackman”
Offering a GUESS, presented as a FACT; a GUESS which may or may not be correct or….
offering a FACTUAL report of what actually lead to President Trumps decision based on what was personally seen and heard
Aka “an anonymous insider in a position to know”?
😘
Fwiw gossip cravings are a vector of attack for malevolent psywar operatives.
Hence Charlie Gasparinos, Maddows, Mikas and Joes.
Breitbart Business Digest: Trump Outmaneuvers Markets, Allies, and China in One Day
https://www.breitbart.com/economy/2025/04/09/breitbart-business-digest-trump-outmaneuvers-markets-allies-and-china-in-one-day
Watermelon head not happy! Kinda yippy! 🤣🤣🤣
Yeah, he’s gonna “investigate” this White House to see if there’s been any insider-trading going on!
BAWAHAHAHAHAHAHAHAHA!!!!!
SEN. HAWLEY: “Did Facebook brief members of the CCP on Artificial Intelligence to your knowledge?”
META WHISTLEBLOWER: “Yes Senator.” Insane.
https://nitter.poast.org/bennyjohnson/status/1910152037603377586#m
Zuckerberg is a globalist CCP loving snake
AND A TRAITOR
It is clear to me this was Trump giving a huge double-barrelled middle fingers to China.
The 125% was one middle finger
The dropping every other country in the world back down to 10% baseline was the other middle finger at China
PDJT has effectively put China into a LEAST Favored Nation trading status. Everyone else in the world is now enjoying better terms. But every other country is also now on notice that they can easily join China in “LFN status” if they do not deal and deal quickly. The 90-day clock is ticking. Countries have a clear choice: be America’s partner or be America’s target.
Simultaneously PDJT is easing off pressures on American consumers while trade negotiations continue.
Winning the de-globalization war and making China pay for it.
“But every other country is also now on notice that they can easily join China in “LFN status” if they do not deal and deal quickly. The 90-day clock is ticking. ”
I echo your thoughts… I am from India, this is an extremely interesting if awkward timing for India as India China relations have begun to thaw…or atleast Modi is reaching out to Xi.. Putin being the “peace broker ” if you will.
Trump is playing a game like only he can… essentially he has gutted multilateral orgs like the WTO and is asking countries to deal directly with him
I think he is going to categorise countries into Tier 1, 2, 3 status based on how much they agree to his demands… The tariffs were just leverage.
He is a cunning man, and there are methods to his madness….but he is also involving himself in a high stakes gamble which very few people would dare to take.
You have a fearless leader, that is for sure
My guess is that Modi and PDJT have been working on their trade deal for some time.
Remember their interactions during PDJTs first term?
Their contacts while Joe was the WH pResident?
Modis visit to the WH after PDJTs Inauguration?
Trumps World Wide Trade War/Trade Reset gives Modi useful cover when dealing with China in the future.
Ditto Putin.
The Will Cain Show:
This is the biggest story of our lifetime.
It’s the plan, quietly unfolding, to break China, rebuild the American middle class, and reshape the world economy for the next 50 years.
And almost nobody understands it.
A thread 🧵 (@WillCain’s Full Monologue at the bottom).”
Cont reading full thread:
https://threadreaderapp.com/thread/1910055444069925059.html
For those who are wise, Crisis == Opportunities
As President Trump reminded people today, Xi is a very smart man who loves his country just as DJT loves America and he is confident that they will eventually talk with each other and will eventually create a win/win deal.
Remember when the Globalist NWO’s #1_Enemy was President Trump?
Then Putin became Enemy #1 during pResident Biden’s 4 year term?
And in 2023 when Soros said their #1 Enemy was now Xi?
“I Think He’s Guilty of Treason” – BREAKING: Trump Orders DOJ to Investigate “Anonymous” Author Who Leaked Classified Information, Covertly Worked to Sabotage Him (VIDEO)
https://www.thegatewaypundit.com/2025/04/i-think-hes-guilty-treason-breaking-trump-orders/
The European Federation of Pharmaceutical Industries and Associations (EFPIA), the lobby group representing Europe’s biggest drugmakers, went to the European Commission (EC) yesterday to hold crunch talks with von der Leyen, calling for radical change and hanging the threat of an exodus to the U.S. over the EC president’s head.
“Today, CEOs of the research-based pharmaceutical industry issued a stark warning to President von der Leyen that unless Europe delivers rapid, radical policy change then pharmaceutical research, development, and manufacturing is increasingly likely to be directed towards the U.S.,” the EFPIA, whose president is Novo Nordisk CEO Lars Fruergaard Jørgensen, said in a statement.
Representatives from Novo Nordisk, Novartis, Sanofi, and Bayer were all in attendance at the talks.
The lobby group said that €103.2 billion ($113.8 billion) of capital and R&D investment plans were at risk of not being fulfilled in Europe as uncertainty mounts: “The U.S. now leads Europe on every investor metric from availability of capital, intellectual property, speed of approval to rewards for innovation.
“In addition to the uncertainty created by the threat of tariffs, there is little incentive to invest in the EU and significant drivers to relocate to the U.S.”
The EU is going to be sitting with the Panda in the corner soon if they don’t change their tune…
The European Union on Wednesday approved retaliatory tariffs on American goods after the Trump’s administration’s new taxes kicked in earlier in the day – escalating a trade war with Washington.
The 27- member bloc’s new levies will hit more than $23 billion of US products like soybeans, motorcycles, meat, iron, steel, textiles, tobacco and even ice cream.
The tariffs, which will be phased in over the coming weeks, come in response to the 25% duty on steel and aluminum duties imposed by the US last month.
US – China Trade War:
In every trade war there are 2 sides.
When analyzing, I try very hard to put myself in the other guy’s shoes, so I can get a better understanding of a given situation.
Trade wars have been going on, like forever!
Remember England and their Tea tax being dumped into Boston harbor?
Yeah, that is like a few centuries ago!
The current trade war is mainly between the US and China.
Just remember it was corrupt US politicians who set up the current trading situation.
China worked within the current construct created by these corrupt politicians for their US masters.
Congress changed tax laws to favor offshoreing of US jobs to China.
So the real traitors are your fellow greedy elite Americans!
So Trump comes along and upsets the current trading situation, set up by America’s elite.
These American elite don’t give a shit whether you live or die.
Many joined forces with the European elites, or Globalists, who have a much, much longer history of not giving a shit whether their fellow Europeans live or die!
That is why so many of our ancestors fled to America, to try and escape these evil bastards!
So since rejoining the world, China has built up their economy, slowly increasing their trade with the rest of the world.
The Chinese people worked in harsh conditions we would never accept.
They worked long hours for peanuts.
Remember, we used to joke that we were sending paper money to China in return for real goods?
Over the years China saved their hard earned trade surpluses by buying US Treasuries.
These savings soon grew to become a very large sum in the trillions.
The Chinese soon discovered that they were trapped and couldn’t sell their US Treasuries quickly without tanking the value of these US Treasuries.
So China decided they needed to address this trap situation, because nobody knew what the future might hold.
China started to slowly reduce their holdings of US Treasuries to be inline with their actual US trading needs.
Slowly over many years, China quietly started bying gold with their surplus US dollars.
China’s goal was to hold enough gold to offset any sudden lost of value of their existing US Treasuries.
Today, China has probably achieved this goal.
If the US was to suddenly seize all of China’s foreign US Treasury reserves, liked the US seized Russia’s foreign reserves in 2022, the price increase of gold would probably offset the loss of China’s US dollar reserves.
This is how China has tried to protect their people’s hard earned foreign reserve savings.
When the current trade war began last week, China had maybe $900 billion in US Treasuries verses over 2 trillion at one time.
China’s $900 billion invested in US Treasuries still helps the US gov finance it’s deficit, but just not nearly to the same extent it did in the recent past.
So, China has been very careful not to rock the boat, by quietly moving ever so slowly over time to protect their people..
I am sure China’s leaders always knew their good times would end someday in the future and have prepared as best as they could do so.
So last week the shit finally hit the fan!
Of course no one is ever completely prepared to wage a trade war.
You fight with what you got, not with what you wished you had.
By trying to be in China’s shoes, why has China decided to retaliate with their own higher tariffs against the US?
First, China has a financial cushion with their foreign reserve savings, that few other US trading partners have.
Second, maybe China doesn’t want to step back into the trap they have tried to get out of, of holding too many US Treasuries?
Third, maybe China doesn’t want to use all their hard earned foreign reserve savings to excessively finance the US gov deficits?
Fourth, maybe China would prefer to use their foreign exchange reserve savings to help their people instead the US gov?
Fifth, before China elected to wait out for 4 years, Trump from 2017 to 2020, so maybe the same corrupt Uniparty/Globalists politicians, who setup the current trading situation, are telling China to wait another 2 years until 2026 midterm elections, or even for 4 years, until 2028?
Sixth, maybe China has decided that now is the time to break free of it’s dependence on trade with the US and to increase their own internal market economy, to be more like the US’s economy?
Seventh, maybe China figures now is the time to finally break free from the west’s banksters (Wall Street, City of London, etc.) grip (just like we would liie to too!)?
Eighth, Trump will tie buying more US debt to the lowering of tariffs for China and China will not want too do this.
Ninth, maybe China wants to protect their manufacturing industries just like the US?
Tenth, maybe you know something(s) else, that I have overlooked?
Certainly it seems China is currently playing hardball.
Why?
But for how long?
Who knows?
P.S. Please don’t jump down my throat that I am pro China!
I am pro – USA!
China needs access to the US market!
Only the price for access has yet to be negotiated by Trump!
It now looks like China will be the last one at the negotiating table!
China will have to accept similar conditions other weaker country’s accept.
Probably to Trump’s great advantage.
I have tried hard to be totally unemotional and clinical about this trade war situation and just provide food for thought.
I have travelled extensively and I am trying bring this experience to this situation.
I am sorry if you you don’t like hearing about some realities, but things are what they are.
I can’t change things, any more than you can.
Sorry for any typos as I am nearly blind now.
very interesting. some things i did not know….
Thanks for your analysis..
Or perhaps Xi AND DJT realize that their common adversary in this “Trade War” is actually the Globalist Eurozoners, wherever they may be, who set the current corrupt system up?
Ditto Putin?
And….?
Magicians Trick 101: O.G. Look over there. Not over here. There’s nothing much to see over here.
Great analysis WES. I think too many Americans forget to consider that other countries’ looking out for their own interests is a good thing, just like we think looking out for our interests is a good thing.
One more potential item for your list: China’s foreign trade with the USA is (according to the best info i can find) 14% of their total foreign trade. That is a lot, but probably not something that will destroy their economy, much to all the doomsayers dismay. We’ll see what happens, but I don’t expect to see the Chinese fold like the Euros appear to be doing. China has their supply chains set up and humming. Chinese ships (they build 1700 anually, to USA’s 17), steel production (1,000+M tons, US 79M tons), mining, rail nets, ports , ag production (China grows more wheat annually than the USA). . . you name it, they are working to be self sufficient or secure supplies of everything they need.
Maybe they don’t need us as much as we think.
We’ll see.
Seems that President Trump has accomplished a major win and that is to get China’s goods from flowing like a river into our country.
Adam Oxsen
@AdamOxsen
Billionaire investor Chamath Palihapitiya’s interview with Andrew Schulz just went viral. He exposed the truth about Trump’s tariffs: It’s more than a trade war…he’s completely redistributing American wealth. Here are the untold secrets of the President’s $750B gamble: 🧵
Cont reading thread…
https://threadreaderapp.com/thread/1909984759264195031.html
I agree that the trade war isn’t just against the Chinese.
In a way the Chinese are secondary targets, only by the company they keep.
It is this company the Chinese keep, who are the real targets of Trump’s trade war.
This company resides mostly inside the USA on Wall Street!
These American traitors are the real targets!
(Throw in European globalists and the City of London too!)
My current framing ==
“The real targets”
are in Europe; the Globalist Colonial OWO that rebranded, post WW1/2 as the NWO, centers of “power” projection
and their OWO/NWO allies who are embedded in America.
“Enemies both foreign AND domestic”
Trumps allies are collaborating to purge these OWO remnants from their neighborhoods and BTFO the NWOs Towers of Babble (misspelling intentional) in Europe.
The stock market was NOT CRASHING. That is ridiculous nonsense. The stock market was returning to levels of just last year. Only those foolish enough to stampede out of stocks would get hurt by a downward adjustment to the markets.
We have a lot of fear ON THIS SITE being pedaled as gospel.
What Donald Trump is doing is restoring the strength of America by demanding our nation be treated fairly in international trade. That is incredibly smart and LONG OVERDUE.
Democrats are in meltdown mode in fear that Trump’s tariff policies are working!
—
Chief Nerd
@TheChiefNerd
Rep. Steven Horsford (D-NV) melts down as he learns about Trump’s tariff pause 🤣
Video linked…
Rep Horsford is full of horsesh*t. Needs an old fashioned after school beatdown in the parking lot.
Collin Rugg
@CollinRugg
NEW: Treasury Secretary Scott Bessent rips the Spanish government, says they will be slitting their own throat if they side with China.
The comment comes after Spain announced they are considering pursuing closer trade ties with China.
“Spain made some comments this morning. ‘Oh, well, maybe we should align ourselves more with China.'”
“That would be cutting your own throat.”
“At the end of the day, we can probably reach a deal with our allies… and then we can approach China as a group.”
“Cutting their own throats”
Spains commie bro BDSM kinksters may put a woke new spin on Spain’s bull ring pageants?
Ole!
Chief Nerd
@TheChiefNerd
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@chamath: “I was a megadonor to the Democrats … I couldn’t get a phone call returned from the White House to save my life … The Trump administration is totally different. There’s not a single person there you can’t get on the phone and talk to.”
Video linked…
Chief Nerd
@TheChiefNerd
SCHULZ: “If [Trump] announces at the end of the year … we’re eradicating income tax for people making under $150,000, midterms are going red.”
CHAMATH: “Forget midterms. They’ll want Trump for the third term.”
Video linked…