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|    alt.politics.economics    |    "Its the economy, stupid"    |    345,374 messages    |
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|    Message 345,155 of 345,374    |
|    stu to All    |
|    Trump's Hardball Strategy Is Forcing Chi    |
|    27 Apr 25 04:10:38    |
      XPost: alt.politics.trump, alt.fan.rush-limbaugh, sac.politics       XPost: alt.society.liberalism       From: none@excite.com              Remember when the liberal media told us Trump's trade war with China would       destroy the American economy? Well, guess who's quietly waving the white       flag now? While the mainstream media is busy chasing its latest Trump       conspiracy theories, China is desperately trying to save face as it backs       down on key tariffs.              In a move that has Beijing's propagandists working overtime to spin,       Chinese officials are quietly rolling back tariffs on American       semiconductors. They're even considering dropping duties on medical       equipment and other vital U.S. exports. Funny how all those dire       predictions about Trump's trade policies destroying American prosperity       turned out to be nothing but hot air from the usual suspects.              China has quietly exempted some semiconductors from tariffs, and is       considering more exclusions for certain US industries as the world’s two       largest economies attempt to navigate a trade war with potentially       devastating effects, according to reports.              Taxes on at least eight classifications of US microchips have been lowered       to zero, a huge drop from China’s 125% retaliatory tariff on all other US       goods, Caijing, a Chinese financial magazine, reported on Friday.              Though the article was later deleted, two importers confirmed that certain       semiconductors have been spared from the hefty duties, according to The       Washington Post.              Chinese officials are weighing further exemptions on medical equipment and       some industrial chemicals like ethane, sources familiar with the matter       told Bloomberg.              China blinked because it had to. While Democrats were busy wringing their       hands about Trump's "dangerous" trade policies, the former president       understood what the Ivy League economists didn't: China needs us way more       than we need it.              “Shark Tank” star and famed entrepreneur Kevin O’Leary pointed out during       a recent appearance on Fox Business that the United States has tremendous       leverage over China because the United States is the largest market in the       world.              In the public eye, however, China has appeared resistant to de-escalating       heightened trade tensions, claiming that trade talks with the US haven’t       even started yet after Trump indicated that lower rates on the nation are       in the works. The nation called for the US to revoke all “unilateral”       tariffs.              Later on Thursday, Trump said that the White House has been meeting with       Chinese officials, claiming there had been a meeting that same morning.              Shares in Asia soared and the yuan erased losses after news of the       potential exemptions circulated.              “It’s another step toward a de-escalation of the trade war,” Kok Hoong       Wong, head of institutional equities sales trading at Maybank Securities       Pte, told Bloomberg.              While most believe it’s unlikely that US-China tensions will ease quickly,       “it would appear the worst may truly be over,” he added.              Neither Beijing nor the US want to be the first to blink in the trade war.       But China’s exemptions indicate the nation is concerned about layoffs and       factory closures slamming their snail-paced economy.              Trump's hardball approach worked. While Biden spent four years cozying up       to Beijing, Trump's tariffs remained like a sword of Damocles over China's       economy. Now it's starting to crack, proving what conservatives have said       all along — the only language China's communist leadership understands is       strength.              Here's what the media won't tell you: This isn't just about tariffs. This       battle is about America reasserting its economic dominance and making       China understand that the days of taking advantage of American workers are       over. Period.              https://pjmedia.com/matt-margolis/2025/04/25/trumps-hardball-strategy-is-       forcing-china-to-fold-like-a-paper-tiger-n4939247              --- SoupGate-DOS v1.05        * Origin: you cannot sedate... all the things you hate (1:229/2)    |
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