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Trump pauses some reciprocal Tariffs for 90 Days, Raises China Tariffs to 125% [Update@post270]

This whole situation reminds me of how once i arrogantly had a fight with a friend of mine thinking she will bow down to me but instead she broke up with me and i was left with eggs in my face and missing out on a beautiful date on a very small issue. I learnt a huge lesson that day. Life shouldn’t always be turned into a game of bluff. You should do thorough risk analysis before making reckless comments.
 
On China - Maybe if they'd stop supporting Russia and leave Taiwan alone, they'd be in a MUCH better position. They are in constant territorial disputes with neighboring countries because they are basically the Russia of Asia. Not exactly a reputable country you want to ally yourself with. On top of that, China is rife with IP theft. The moment a western company gets a factory build in china, their know-how and tech is already copied and produced by a Chinese company at the fraction of the same price, and from there it then only goes upwards, as they improve the quality.

Countries know better that the US is a far better partner than China ever would be even with the tariff situation. At the end of the day freedom , democracy, and transparency outweighs everything else
The China problem is a weird one. I'm very much in the 'China needs to be kept under control and not allowed to get too powerful' camp. Not for any ideological reasons mind you - they've been as good or bad as any rising superpower in history. Also, I'm certainly not desperate for them to become a democratic liberal nation (though it would behoove them to over time). My worry is pragmatic - that unchecked they could get very powerful and be a huge problem for India in particular and the world in general. I would much prefer a multi-polar world with India hopefully being one of the poles in the future.

On the other hand, it's pretty clear that they're falling into a typical economic power pattern for a while now. For a while, it looked as if they would always be a super low-consumption, high investment, export-oriented economy but while we weren't looking, the Chinese have steadily begun to enjoy consuming and I suppose become less willing to sacrifice for the greater good.

You can see how the share of exports as a percent of GDP has been dipping
1745242106743.png
From a high of close to 35%, it's now down to about 19%. Given that the US is maybe a quarter of that (officially only 15% but including exports through proxies), a US embargo will hurt deeply but is by no means crippling. A lot of what China makes now is for itself.

In the long run, they'll suffer a fair bit from this trade war but will end up with a more sustainable, conventional economy. Not that I expect it'll change their political structure and attitude in any way.
 
This whole situation reminds me of how once i arrogantly had a fight with a friend of mine thinking she will bow down to me but instead she broke up with me and i was left with eggs in my face and missing out on a beautiful date on a very small issue. I learnt a huge lesson that day. Life shouldn’t always be turned into a game of bluff. You should do thorough risk analysis before making reckless comments.

Yes. What Trump is doing is pretty much childish bluffing. There doesn't seem to be any planning involved (whatsoever).

Economist Jeffrey Sachs recently made a comment that Trump's economic policy couldn't be considered as a policy. He called it "a thought process" and not a "policy". He was saying Trump was improvising without understanding anything.
 
Yes. What Trump is doing is pretty much childish bluffing. There doesn't seem to be any planning involved (whatsoever).

Economist Jeffrey Sachs recently made a comment that Trump's economic policy couldn't be considered as a policy. He called it "a thought process" and not a "policy". He was saying Trump was improvising without understanding anything.

I can’t tell you how many days and nights i spent regretting my mistake but once she was gone, she was gone brother.
 
I can’t tell you how many days and nights i spent regretting my mistake but once she was gone, she was gone brother.

All the trade war hyperbole, the stocks crashing, the talk about inflation, a Great Depression, food poverty, none of this has hit me as hard as your story about your lost love and how you missed a beautiful date 😢
 
Looks like the impact is already hitting China : Chinese garment factories that supply Shein shut down amid Trump tariffs:


 
The China problem is a weird one. I'm very much in the 'China needs to be kept under control and not allowed to get too powerful' camp. Not for any ideological reasons mind you - they've been as good or bad as any rising superpower in history. Also, I'm certainly not desperate for them to become a democratic liberal nation (though it would behoove them to over time). My worry is pragmatic - that unchecked they could get very powerful and be a huge problem for India in particular and the world in general. I would much prefer a multi-polar world with India hopefully being one of the poles in the future.

On the other hand, it's pretty clear that they're falling into a typical economic power pattern for a while now. For a while, it looked as if they would always be a super low-consumption, high investment, export-oriented economy but while we weren't looking, the Chinese have steadily begun to enjoy consuming and I suppose become less willing to sacrifice for the greater good.

You can see how the share of exports as a percent of GDP has been dipping
View attachment 153608
From a high of close to 35%, it's now down to about 19%. Given that the US is maybe a quarter of that (officially only 15% but including exports through proxies), a US embargo will hurt deeply but is by no means crippling. A lot of what China makes now is for itself.

In the long run, they'll suffer a fair bit from this trade war but will end up with a more sustainable, conventional economy. Not that I expect it'll change their political structure and attitude in any way.
Also, here is a list of reasons from Trump as to why US needs to tackle China & a lot of folks will be hard pressed to defend China . And all the posters who say China this China that , China is a supa power , China will eat US for breakfast talk etc etc need to get a reality check .

 
Already China is showing what a rogue nation it is .

Trump tariffs: China warns nations against 'appeasing' US in trade deals:

@rpant_gabba : any feedback on this ??
I don't need convincing on CCP perfidy and if your thought I was defending china, you need more help.

I'm sure you are aware that China was cultivated and fed by American conservatives admins starting with Nixon.

(Of course Nehru idiocy played a big role)

Facilitated by Reagan and bush sr. accelerated by rebublican congress in the 90's. Exasperated by Bush Jr.

The China problem is entirely a creation of american corporations facilitated by American conservatives in DC.

I don't think the orange felon has the brains or the integrity to solve the issue
 
Trump has effed up the economy and if there is recession he has ensured that red party will not get in power for the next 2 decades. He talks about the art of deal, but so far it looks like art of nuking stock portfolios. Not only that millions will lose jobs and inflation will rise. This means stagflation. No wonder market is reacting extremely negatively to this buffoonery from Trump and his close aides stupid plans.

The worst part is, Trump inherited a booming economy from Biden In Spite of high inflation from Biden era. Interest rates were on the decline and market was positive. Now all we see is negativity and sell offs. People ae investing in gold which means everyone is losing faith in US dollar.

At least now I hope Trump removes these stupid 125% tariff nonsense. My gut feeling is he will not. Giving up now means accepting defeat against China. Trump needs to first fire the clowns he has surrounded himself with to begin.
 
I don't need convincing on CCP perfidy and if your thought I was defending china, you need more help.

I'm sure you are aware that China was cultivated and fed by American conservatives admins starting with Nixon.

(Of course Nehru idiocy played a big role)

Facilitated by Reagan and bush sr. accelerated by rebublican congress in the 90's. Exasperated by Bush Jr.

The China problem is entirely a creation of american corporations facilitated by American conservatives in DC.

I don't think the orange felon has the brains or the integrity to solve the issue
Did I ever say you were defending China ? Comprehension much? I said your claim that China was winning the trade war and that its handing the US its back was incorrect which it totally is as I explained above without resorting to rude language.

Again , I have said it here before multiple times - so saying again - Trump is different. He is not your typical Republican. He ended the Bush political dynasty forever. Also you keep harping Nixon, Bush Jr sr etc etc - Bill clinton was in power 8 years and Obama as well. Why didnt they do anything ?? Nixon and Bush Sr are way back and gone. 92-00 & 08-16 - Dems were in power . Thats 16 yrs . So as Trump says, why the heck did they not do anything for 16 long years ? Yeah they had brains and integrity to solve the issue LOL, got it.. And now Trump has to solve it in 2 months , OK got it again. Thanks - that shows your expectations of Trump, good to see that.
 
Did I ever say you were defending China ? Comprehension much? I said your claim that China was winning the trade war and that its handing the US its back was incorrect which it totally is as I explained above without resorting to rude language.
your bet is that chinese will not stop buying t-bills or dump the american bonds and neither will the former allies Trump has pissed off.

That american public will be willing to endure the pain of the trade war: this is the crowd which was pissed of about inflation post Covid which turned to be lowest in the world for that period.

good luck with that
Again , I have said it here before multiple times - so saying again - Trump is different. He is not your typical Republican.
Nah, he is dixiecrat in costume. A convicted felon and an insurrectionist.
He ended the Bush political dynasty forever.
That was accomplished by Bush Jr all by himself. trump had nothing to do with it.
Also you keep harping Nixon, Bush Jr sr etc etc -
Harping? so facts become harping?
Bill clinton was in power 8 years and Obama as well.
And? they had a mess in their hands created by dumbass conservatives, with the help your 2000 vote
Why didnt they do anything ??
Nixon and Bush Sr are way back and gone. 92-00 & 08-16 - Dems were in power . Thats 16 yrs .
You sounds like an Indina uncle. Wait, you are an Indian uncle.

Becos there were bugger issues that need to be dealt with.

Do you recall what conservatives were worried about back then? and do you recall who was in charge of the congress for 12 of those 16 years?

Dumbass conservatives who were more worried about blow jobs and rtacist ******** actually created a new party becos Obama was ele cted.
So as Trump says, why the heck did they not do anything for 16 long years ? Yeah they had brains and integrity to solve the issue LOL, got it.. And now Trump has to solve it in 2 months , OK got it again. Thanks - that shows your expectations of Trump, good to see that.
Comprehension issues again? Where did i say I expect Trump solve in 2 months?

I doubt Trump can solve a elementary school math problem, leave alone

It was Trump who said who he will solve it day 1. Remember Ukraine war over, prices will start coming down on day 1.

Isn't he already claiming that al problems are solved in truth social? is he lying?

He said other countries will pay the Tariff, not american consumers. is he telling the truth?
 
Trump has effed up the economy and if there is recession he has ensured that red party will not get in power for the next 2 decades. He talks about the art of deal, but so far it looks like art of nuking stock portfolios. Not only that millions will lose jobs and inflation will rise. This means stagflation. No wonder market is reacting extremely negatively to this buffoonery from Trump and his close aides stupid plans.

The worst part is, Trump inherited a booming economy from Biden In Spite of high inflation from Biden era. Interest rates were on the decline and market was positive. Now all we see is negativity and sell offs. People ae investing in gold which means everyone is losing faith in US dollar.

At least now I hope Trump removes these stupid 125% tariff nonsense. My gut feeling is he will not. Giving up now means accepting defeat against China. Trump needs to first fire the clowns he has surrounded himself with to begin.

From anecdotal evidence, I see most educated Republican voters are in your boat. They knew Trump was utterly incompetent on the economy and would probably screw things up bringing about a recession.

They were however willing to make the sacrifice and accept a (hopefully mild) recession in order to achieve other goals i.e. fight back the perceived tide of wokeness and stop what they saw as a crazy high level of legal and illegal immigration.

Except a few like @deltexas who are absolute Trump fans and believe he has some secret 4D chess game going on, most are utterly shocked he managed to screw up so badly so quickly. The consequences could be very, very severe unless a few grown-ups like Jerome Powell save us.
 
For few months my life was reminiscent of this great song. I hope Donald Trump doesn’t go through the same phase wrt China becoming his break up Ranjhana leading to despair, alcoholism and a streak of unsatisfactory flings with lesser nations.
 
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US sets tariffs of up to 3,521% on South East Asia solar panels
The US Commerce Department has announced plans to impose tariffs of up to 3,521% on imports of solar panels from four South East Asian countries.

It comes after an investigation that began a year ago when several major solar equipment producers asked the administration of then-President Joe Biden to protect their US operations.

The proposed levies - targeting companies in Cambodia, Thailand, Malaysia and Vietnam - are in response to allegations of subsidies from China and the dumping of unfairly cheap products in the US market.

A separate US government agency, the International Trade Commission, is due to reach a final decision on the new tariffs in June.

The countervailing and anti-dumping duties, as these tariffs are known, vary between companies and the countries their products are made in.

Some solar equipment exporters in Cambodia face the highest duties of 3,521% because of what was seen as a lack of cooperation with the Commerce Department investigation.

Products made in Malaysia by Chinese manufacturer Jinko Solar faced some of the lowest duties of just over 41%.

Another China-based firm, Trina Solar, faces tariffs of 375% for the products it makes in Thailand.

Neither company immediately responded to requests for comment from BBC News.

Source: https://www.bbc.com/news/articles/c5ygdv47vlzo
 
From anecdotal evidence, I see most educated Republican voters are in your boat. They knew Trump was utterly incompetent on the economy and would probably screw things up bringing about a recession.

They were however willing to make the sacrifice and accept a (hopefully mild) recession in order to achieve other goals i.e. fight back the perceived tide of wokeness and stop what they saw as a crazy high level of legal and illegal immigration.

Except a few like @deltexas who are absolute Trump fans and believe he has some secret 4D chess game going on, most are utterly shocked he managed to screw up so badly so quickly. The consequences could be very, very severe unless a few grown-ups like Jerome Powell save us.
FYI, as you said voters have only 2 choices in a 2 party democracy !:) And considering the 2 options, majority voters preferred for Trump. And yes, the educated Rep voters - we voted for Trump for illegal immigration, tax cuts, the ridiculous trans woke stuff.. And yes the inflation as well. As I said before, am totally OK with a mild "induced" recession which this is. Cant have a McDonalds waiter getting paid $16-$18/hr atleast here in Texas.. Low level jobs wanting that much. Its tough for private companies to find good candidates for jobs and they just walk away because they can and Covid payments were sustaining them. So, yes, personally I believe need a recession kind of situation to come back to baseline normal. A lot of commercial projects are on hold and now with the tariffs they are paused. So yeah, it will lead to market course correction and these guys come back to their senses.

And yes, I am a Trump fan and no I dont believe some 4D chess is going on LOL ! The thing is you are dealing with an irrational monster dragon called China and only an irrational impulsive disruption US prez could have done it it . And thats Trump. No other Rep prez could have dared to do it as well. Yes, the approach can be more nuanaced, but then Trump wouldnt be Trump if it was that way. A lot of folks underestimate the global security and financial threat that China poses. China wouldnt react irrationally if it was your regular US prez and that includes a typical Rep US prez as well. But what Trump did in 2016 as well, he moved the Dems and the Reps both and the public perceptiona s well against China. So, even a Dem candidate now will not speak supportively or praise China as an ally etc etc.
 
FYI, as you said voters have only 2 choices in a 2 party democracy !:) And considering the 2 options, majority voters preferred for Trump. And yes, the educated Rep voters - we voted for Trump for illegal immigration, tax cuts, the ridiculous trans woke stuff.. And yes the inflation as well. As I said before, am totally OK with a mild "induced" recession which this is. Cant have a McDonalds waiter getting paid $16-$18/hr atleast here in Texas.. Low level jobs wanting that much. Its tough for private companies to find good candidates for jobs and they just walk away because they can and Covid payments were sustaining them. So, yes, personally I believe need a recession kind of situation to come back to baseline normal. A lot of commercial projects are on hold and now with the tariffs they are paused. So yeah, it will lead to market course correction and these guys come back to their senses.

And yes, I am a Trump fan and no I dont believe some 4D chess is going on LOL ! The thing is you are dealing with an irrational monster dragon called China and only an irrational impulsive disruption US prez could have done it it . And thats Trump. No other Rep prez could have dared to do it as well. Yes, the approach can be more nuanaced, but then Trump wouldnt be Trump if it was that way. A lot of folks underestimate the global security and financial threat that China poses. China wouldnt react irrationally if it was your regular US prez and that includes a typical Rep US prez as well. But what Trump did in 2016 as well, he moved the Dems and the Reps both and the public perceptiona s well against China. So, even a Dem candidate now will not speak supportively or praise China as an ally etc etc.
How is China, irrational? I am just curious.
 
How is China, irrational? I am just curious.
Why is it that the moment a non-white country makes leaps in tech, infrastructure, or the economy, it’s suddenly labeled “irrational”?

Funny how progress only seems logical when it’s happening in the West.
 
Why is it that the moment a non-white country makes leaps in tech, infrastructure, or the economy, it’s suddenly labeled “irrational”?

Funny how progress only seems logical when it’s happening in the West.
Also why is it that they have suddenly become "irrational" now that US is complaining about tariffs while the rest of the world has been completely fine and ok with them. The whole world is their customer when it comes to cheap parts, electronics, mechanical parts, fabrics, and tons of other stuff.
 
How is China, irrational? I am just curious.
I agree. Being irrational is about the last thing you can accuse them of. Utterly rapacious, unscrupulous, ruthless, inward-looking and a bunch of other similar pejoratives - yes. Definitely not irrational.

The thing is though - you can apply most of these adjectives to almost every major power. Especially in the days of their rise.

I'd love for China to become more democratic, tolerant of diversity in opinion, culture and religion etc. but I'm not holding my breath for it to happen any time soon. Which is why, while I grudgingly admire their rise, I'd hate to live there and I'd rather the West and (yes) India succeed in the attempt to keep them from succeeding and becoming too dominant.
 
I agree. Being irrational is about the last thing you can accuse them of. Utterly rapacious, unscrupulous, ruthless, inward-looking and a bunch of other similar pejoratives - yes. Definitely not irrational.

The thing is though - you can apply most of these adjectives to almost every major power. Especially in the days of their rise.

I'd love for China to become more democratic, tolerant of diversity in opinion, culture and religion etc. but I'm not holding my breath for it to happen any time soon. Which is why, while I grudgingly admire their rise, I'd hate to live there and I'd rather the West and (yes) India succeed in the attempt to keep them from succeeding and becoming too dominant.
These days, the West treats freedom of speech like a Wi-Fi signal, strong when convenient, mysteriously lost the moment it challenges their own narrative. Pretty much like China.
 
These days, the West treats freedom of speech like a Wi-Fi signal, strong when convenient, mysteriously lost the moment it challenges their own narrative. Pretty much like China.
Ah yes you're one of those who believe personal freedom has to be utterly unconstrained and democracy has to be flawless or we might as well be living in North Korea.

I have much lower aspirations I'm afraid. Happier living with my limited freedoms in an imperfect democracy.
 
I agree. Being irrational is about the last thing you can accuse them of. Utterly rapacious, unscrupulous, ruthless, inward-looking and a bunch of other similar pejoratives - yes. Definitely not irrational.

The thing is though - you can apply most of these adjectives to almost every major power. Especially in the days of their rise.

I'd love for China to become more democratic, tolerant of diversity in opinion, culture and religion etc. but I'm not holding my breath for it to happen any time soon. Which is why, while I grudgingly admire their rise, I'd hate to live there and I'd rather the West and (yes) India succeed in the attempt to keep them from succeeding and becoming too dominant.
Its a dog eat dog world out there. After the world wars UNO was created but they are largely a helpless organization. There are still wars in the world where the powerful tread upon the weak, there is genocide and there is a lot of other unfair stuff, and the least of the which is a powerful nation flexing its muscle and leverage on the trade scene.

There is nothing irrational or unfair in this world, its all about national interests. The higher calling of morality, ethics, humanity, etc is non-existent in international politics and economics.

Which is why I find it absolutely ridiculous and offensive when supporters of one label others as irrational or stubborn or unfair.
 
Ah yes you're one of those who believe personal freedom has to be utterly unconstrained and democracy has to be flawless or we might as well be living in North Korea.

I have much lower aspirations I'm afraid. Happier living with my limited freedoms in an imperfect democracy.
No, I don't believe you understand what he is trying to say. In the West, where personal freedoms are touted, the US is suddenly becoming a joke. The DC insurrection is suddenly ok, Trump pardoned all the rioters who caused damage to govt property, threatened the lives of tens of people, etc.

But holding protests in support of Palestinians is now coming under enemy acts. We are talking apples and oranges if you are comparing this with the convenience of living under imperfect democracy in India.
 
Ah yes you're one of those who believe personal freedom has to be utterly unconstrained and democracy has to be flawless or we might as well be living in North Korea.

I have much lower aspirations I'm afraid. Happier living with my limited freedoms in an imperfect democracy.
I don’t personally hold that view, but I do believe it’s worth acknowledging that China, often criticized for its limitations on free speech, shares certain parallels with countries widely regarded as champions of that freedom.

From an objective standpoint, China has achieved a level of domestic stability and public safety that, in some cases, surpasses that of many Western nations that emphasize freedom of expression.

On the economic front, I support any country that strives to uplift its citizens and invest in its own development. India, for instance, has made notable progress in this direction. I believe such efforts should be met with encouragement rather than opposition. Healthy competition, regardless of a nation's background or demographics, should be welcomed, not demonized, simply because success comes from places that defy traditional Western expectations
 
I don’t personally hold that view, but I do believe it’s worth acknowledging that China, often criticized for its limitations on free speech, shares certain parallels with countries widely regarded as champions of that freedom.

From an objective standpoint, China has achieved a level of domestic stability and public safety that, in some cases, surpasses that of many Western nations that emphasize freedom of expression.

On the economic front, I support any country that strives to uplift its citizens and invest in its own development. India, for instance, has made notable progress in this direction. I believe such efforts should be met with encouragement rather than opposition. Healthy competition, regardless of a nation's background or demographics, should be welcomed, not demonized, simply because success comes from places that defy traditional Western expectations
I truly respect the Chinese. What they have managed in the last 50 years is one humankind's greatest achievements.

In fact, there are times when a secret part of me, especially on days like today after the savage attack by animals in Pahalgam, wonders if maybe their model isn't the right one for developing countries. Extreme control and monitoring, ruthless suppression of religion and culture, no pretense of democracy etc. I won't deny suppression of religion and forcing it into completely private spaces is particularly attractive to me.

I used to tell that secret self - sure this model makes for rapid development but it will suppress innovation and creativity but even that consolation doesn't feel so true nowadays with some of the stuff they're coming up with.

But then I think to myself whether I would want live in a society like that and I realise I'm happier living in a country like India with our fragile democracies and somewhat limited freedoms even it's proven that the model we're following is less conducive to development. Maybe millions of poor will disagree with me and be willing to swap their small freedoms for less poverty but I'm entitled to my own views.
 
No, I don't believe you understand what he is trying to say. In the West, where personal freedoms are touted, the US is suddenly becoming a joke. The DC insurrection is suddenly ok, Trump pardoned all the rioters who caused damage to govt property, threatened the lives of tens of people, etc.

But holding protests in support of Palestinians is now coming under enemy acts. We are talking apples and oranges if you are comparing this with the convenience of living under imperfect democracy in India.

I think I very well do. I just don't agree with him.

We are clearly moving towards an era of greater era of authoritarianism, control and restrictions over freedoms. Hardly any country is exempt.

A clear sign is that people are more bothered about other people's freedoms than their own - 'Why should that Muslim, that transvestite, that jew-hater, that lesbian, that dirty illegal immigrant get all those freedoms? Even if I lose a few freedoms in the process, I'd rather support them losing their fundamental freedoms.'

Hardly any country is exempt. I fully accept that former exemplars of freedom like the US are moving that way. My own beloved country has seen a strong tilt towards authoritarianism.

In these circumstances, I think us liberals have two real options - get out there and fight...and accept the consequences thereof (imprisonment, deportation etc.) or else support those who do in whatever limited way possible and appreciate the freedoms we do still have.

To equate the utter authoritarianism in countries like China with the constrained freedoms in the West and countries like India like @HalBass9 did is something I can't agree with.
 
Trump says he has 'no intention of firing' Fed boss

US President Donald Trump has appeared to soften his recent comments on China and the head of the US Federal Reserve after recent clashes as he pursues his economic agenda.

He said he has "no intention of firing" Jerome Powell after repeatedly criticising the head of the central bank, but he added that he would like Powell to be "a little more active" on cutting interest rates.

Speaking in the Oval Office on Tuesday, Trump also said he was optimistic about improving trade relations with China.

He said the level of tariffs - or import taxes - that he had imposed Chinese imports would "come down substantially, but it won't be zero".

The president's tariffs are an effort to encourage factories and jobs to return to the US. This is a pillar of his economic agenda - as is a cut in interest rates, aimed at reducing the cost of borrowing for Americans.

Trump has ratcheted the rate on Chinese goods up to 145% - sparking reciprocal measures from Beijing and warnings from economists about the global impact of a trade war.

In his comments to reporters on Tuesday, Trump said he would be "very nice" in negotiations with Beijing - in the hope of securing a trade deal.

Earlier, US Treasury Secretary Scott Bessent reportedly said he expected a de-escalation of the trade war, which he said was unsustainable. Responding to comments from China, he said the current situation was "not a joke".

The trade war has led to turbulence in financial markets around the world - to which Trump's comments on Powell have also contributed.

The Fed has not cut rates so far this year, after lowering them by a percentage point late last year, a stance Trump has heavily criticised.

Last week, the president intensified his attacks on the Fed chief, calling him "a major loser". The comments sparked a selloff of stocks, bonds and the US dollar - though markets have since been recovering from those losses.

National Economic Council Director Kevin Hassett said on Friday that Trump was looking into whether it would be possible to sack Powell - who he first nominated to lead the central bank in 2017. Powell was then renewed in 2021 by Joe Biden.

It is unclear whether Trump has the authority to fire the Fed chair. No other US president has tried to do so.

Most major Asian stock markets were higher on Wednesday as investors appeared to welcome the latest remarks.

Japan's Nikkei 225 index rose about 1.9%, the Hang Seng in Hong Kong climbed by around 2.2%, while mainland China's Shanghai Composite was down less than 0.1%.

That came after US shares made gains on Tuesday, with the S&P 500 ending Tuesday's session up 2.5% and the Nasdaq rose 2.7%.

US futures were also trading higher overnight. Futures markets give an indication of how financial markets will perform when they open for trading.

Investors feared that pressure on Powell to lower interest rates could cause prices to rise at a time when trade tariffs are already seen boosting inflation.

Trade tensions between the world's biggest economies, as well as US tariffs on other countries around the world, have triggered uncertainty about the global economy. Those concerns triggered turmoil in financial markets in recent weeks.

On Tuesday, the forecast for US economic growth for this year was given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) due to uncertainty caused by tariffs.

The sharp increase in tariffs and uncertainty will lead to a "significant slowdown" in global growth, the Fund predicted.

Trump has imposed taxes of up to 145% on imports from China. Other countries are now facing a blanket US tariff of 10% until July.

His administration said last week that when the new tariffs are added on to existing ones, the levies on some Chinese goods could reach 245%.

China has hit back with a 125% tax on products from the US and vowed to "fight to the end".

The Chinese government has not yet officially responded to the latest statements from the Trump administration.

However, an article in the state-controlled Global Times on Wednesday quoted commentators who said the remarks showed that the US is beginning to realise the tariffs do more harm than good to America's economy.

BBC
 
I think I very well do. I just don't agree with him.

We are clearly moving towards an era of greater era of authoritarianism, control and restrictions over freedoms. Hardly any country is exempt.

A clear sign is that people are more bothered about other people's freedoms than their own - 'Why should that Muslim, that transvestite, that jew-hater, that lesbian, that dirty illegal immigrant get all those freedoms? Even if I lose a few freedoms in the process, I'd rather support them losing their fundamental freedoms.'

Hardly any country is exempt. I fully accept that former exemplars of freedom like the US are moving that way. My own beloved country has seen a strong tilt towards authoritarianism.

In these circumstances, I think us liberals have two real options - get out there and fight...and accept the consequences thereof (imprisonment, deportation etc.) or else support those who do in whatever limited way possible and appreciate the freedoms we do still have.

To equate the utter authoritarianism in countries like China with the constrained freedoms in the West and countries like India like @HalBass9 did is something I can't agree with.
This is subjective, and you are entitled to your opinion.

The way I read it, he is not "equating" the two, merely pointing out the hypocrisy of the situation, which is a way to express concern and fight against the oppressive trends in modern day liberal democracies, something you also suggested as an appropriate response.
 
Well it looks like Trump is caving. He's already exempted electronics imports from China. Now a bunch of sources are claiming he's getting ready to halve the rest of the China tariffs. China's offered no concessions so far but I wouldn't be surprised to drop their tariffs to match once the US makes the first move.

White House Considers Slashing China Tariffs to De-Escalate Trade War

Good news overall though a lot of short-term damage is done. Businesses will be nervous for a while with these wild policy swings.
 
I truly respect the Chinese. What they have managed in the last 50 years is one humankind's greatest achievements.

In fact, there are times when a secret part of me, especially on days like today after the savage attack by animals in Pahalgam, wonders if maybe their model isn't the right one for developing countries. Extreme control and monitoring, ruthless suppression of religion and culture, no pretense of democracy etc. I won't deny suppression of religion and forcing it into completely private spaces is particularly attractive to me.

I used to tell that secret self - sure this model makes for rapid development but it will suppress innovation and creativity but even that consolation doesn't feel so true nowadays with some of the stuff they're coming up with.

But then I think to myself whether I would want live in a society like that and I realise I'm happier living in a country like India with our fragile democracies and somewhat limited freedoms even it's proven that the model we're following is less conducive to development. Maybe millions of poor will disagree with me and be willing to swap their small freedoms for less poverty but I'm entitled to my own views.
Perfection is a myth, no system, East or West, has achieved it, nor is it likely any will. Yet ironically, some of the very models once criticized as restrictive are now outperforming many Western nations in crucial areas of development.

In the US, freedom of expression is held as a foundational value. But even here, voicing certain opinions can come with social and professional consequences. That dynamic exists elsewhere too, whether in India, China, or beyond, just on different scales.

What’s striking is that more Americans are now looking toward places like Dubai or China, not because they reject freedom, but because they’ve realized that 'freedom of speech' often ends where political tolerance begins. In the West, we were led to believe this freedom was absolute, especially in the post segregation era. But that illusion is fading. In contrast, China never sold that promise, so the perceived decline is happening in the west, not there.

And when it comes to innovation, China isn’t catching up anymore, they’re setting the pace. Just look at their EV industry, they’re not racing the world. They’re racing themselves.
 
Perfection is a myth, no system, East or West, has achieved it, nor is it likely any will. Yet ironically, some of the very models once criticized as restrictive are now outperforming many Western nations in crucial areas of development.

In the US, freedom of expression is held as a foundational value. But even here, voicing certain opinions can come with social and professional consequences. That dynamic exists elsewhere too, whether in India, China, or beyond, just on different scales.

What’s striking is that more Americans are now looking toward places like Dubai or China, not because they reject freedom, but because they’ve realized that 'freedom of speech' often ends where political tolerance begins. In the West, we were led to believe this freedom was absolute, especially in the post segregation era. But that illusion is fading. In contrast, China never sold that promise, so the perceived decline is happening in the west, not there.

And when it comes to innovation, China isn’t catching up anymore, they’re setting the pace. Just look at their EV industry, they’re not racing the world. They’re racing themselves.
I'm afraid you're talking generalities without coming down on either side. While you might be right that they're converging to an extent, you have to be disingenuous not to accept that they have fundamentally different bases. The Chinese model does not accept that diversity of opinion, religion, culture is even a virtue. The Western model for all it's flaws, imperfections and recent worsening at least accepts that it's a good thing but you're right sadly seems to be concluding it's too much of a good thing.

Do you or do you not believe the China societal and economic model is superior to the one that's in the West and that we in India have tried to emulate? Setting aside language concerns, would you prefer to live there to living in the West?

As I've said - much as I believe there's plenty to admire and emulate in the Chinese model, I think it's the wrong direction for society. To be honest, even if it delivers innovation and it is economically proven to outperform the current Western paradigm, it's still not something I'd prefer. I think chaos and diversity in religion, language, culture, sexual mores, art and many other areas makes for a better human experience and is better for the human spirit. I'd love to have even more of it but I'll take what I can get.
 
Bessent says China tariffs are not sustainable as US signals willingness to de-escalate

U.S. Treasury Secretary Scott Bessent said on Wednesday that high tariffs between the United States and China are not sustainable, as President Donald Trump's administration signaled openness to de-escalating a trade war between the world's two largest economies that has raised fears of recession.

U.S. stocks rallied on hopes that the two countries might lower the steep trade barriers they have erected over the past month, though there was no sign that negotiations might start anytime soon.

Bessent said the tariffs -- 145% on Chinese products and 125% on U.S. products -- would have to come down before trade talks can proceed, but said Trump would not make that move unilaterally.

"Neither side believes that these are sustainable levels. As I said yesterday, this is the equivalent of an embargo and a break between the two countries in trade does not suit anyone's interest," Bessent told reporters.

The White House is open to discussing a significant rate cut on Chinese imports in order to advance negotiations with Beijing but will not do so alone, according to a person familiar with the conversations. That person would not say how low the White House might be willing to go, but the Wall Street Journal reported the figure could be as low as 50%.


 
12 US states sue administration to stop trade policy

A dozen states sued the Trump administration in the US Court of International Trade in New York on Wednesday to stop its tariff policy, saying it is unlawful and has brought chaos to the American economy.

The lawsuit said the policy put in place by President Donald Trump has left the national trade policy subject to Trump's “whims rather than the sound exercise of lawful authority.” It challenged Trump's claim that he could arbitrarily impose tariffs based on the International Emergency Economic Powers Act. The suit asks the court to declare the tariffs to be illegal, and to block government agencies and its officers from enforcing them.

A message sent to the Justice Department for comment was not immediately returned.

The states listed as plaintiffs in the lawsuit were Oregon, Arizona, Colorado, Connecticut, Delaware, Illinois, Maine, Minnesota, Nevada, New Mexico, New York and Vermont.

In a release, Arizona Attorney General Kris Mayes called Trump's tariff scheme “insane.” She said it was “not only economically reckless — it is illegal.” The lawsuit maintained that only Congress has the power to impose tariffs and that the president can only invoke the International Emergency Economic Powers Act when an emergency presents an “unusual and extraordinary threat” from abroad.

Could Lose Billions

“Authority to impose immense and ever-changing tariffs on whatever goods entering the United States he chooses, for whatever reason he finds convenient to declare an emergency, the President has upended the constitutional order and brought chaos to the American economy,” the lawsuit said.

Last week, California Gov. Gavin Newsom, a Democrat, sued the Trump administration in US District Court in the Northern District of California over the tariff policy, saying his state could lose billions of dollars in revenue as the largest importer in the country.

White House spokesperson Kush Desai responded to Newsom's lawsuit, saying the Trump administration "remains committed to addressing this national emergency that's decimating America's industries and leaving our workers behind with every tool at our disposal, from tariffs to negotiations.”

 

China tells Trump: If you want trade talks, cancel tariffs​


China has called on the US to cancel its sweeping tariffs on Chinese goods entering the country as a sign that the President Donald Trump is serious about resolving the trade war between the two countries.

A Chinese official said there had been no trade talks with the US, despite suggestions otherwise from the Trump administration.

The trade war between the world's two largest economies has been escalating, with China sending back Boeing planes it ordered from the US in its latest retaliation over tariffs.

But Trump has appeared to soften his stance on China, saying that the taxes he has so far imposed on Chinese imports would "come down substantially, but it won't be zero".

A trade war between China and the US is in full swing, with Trump imposing import taxes of up to 145% on Chinese goods coming into the US, and China hitting back with a 125% tax on American products.

In one of China's strongest statements yet over the tariff war, Commerce Ministry spokesman He Yadong said the US should remove all "unilateral tariff measures" against China "if it truly wanted" to solve the issue.

"The person who tied the bell must untie it," he added.

Separately, Foreign Ministry spokesman Guo Jiakun said China and the US had "not conducted consultations or negotiations on tariffs, let alone reached an agreement".

He added that reports to the contrary were "false".

Trump previously said negotiations between the countries were "active" - but this was also contradicted by US Treasury Secretary Scott Bessent, who said on Wednesday they had not yet begun.

Bessent added that there was an opportunity for a "big deal" between the US and China on trade.

He has previously said he expected a de-escalation of the "unsustainable" trade war, and said the current situation was "not a joke".

Source: BBC
 
China sends Boeing planes back to US over tariffs

China has sent back planes it ordered from the US in its latest retaliation over Trump tariffs, the boss of aircraft maker Boeing has said.

Kelly Ortberg said two planes had already been returned and another would follow after trade tensions between the two countries escalated.

Boeing's chief executive told CNBC that 50 more planes were due to go to China this year but their customers had indicated they will not take delivery of them.

The US put 145% tariffs on imports from China and it hit back with a 125% tax on US products.

Speaking in the Oval Office on Tuesday, Trump said he was optimistic about improving trade relations with China, saying the level of tariffs he had imposed would "come down substantially, but it won't be zero".

However, Mr Ortberg said China "have in fact stopped taking delivery of aircraft because of tariff environment".

Boeing is America's largest exporter with about 70% of its commercial aircraft sales outside of the US.

Mr Ortberg said Boeing was assessing options to re-market 41 of the already built planes to other customers as there was high demand from other airlines.

He said there were nine planes not yet in Boeing's production system and he wanted to "understand their intentions and if necessary we can assign to other customers".

He added Boeing was "not going continue to build aircraft for customers who will not take them".


 
On globalisation which is China is lecturing on , they should open up their economy.

Sir Orange needs to get his act together, too many decisions all over the place.
 
Some China-based firms hit hard by US tariffs are reaching out to Indian exporters to fill orders on their behalf and help them retain their American customers. :kp

 
Chinese leader Xi Jinping has not spoken to US President Donald Trump on the phone recently, Beijing said Monday, reiterating that no talks are taking place between the two countries to resolve their tariff war

The statement from a Chinese Ministry of Foreign Affairs spokesperson is an outright rejection of Trump’s claim in an interview with Time magazine last week that Xi had called him, as the world’s two largest economies remain locked in a dispute over sky-high trade levies.

“As far as I know, there has been no recent phone call between the two heads of state,” Guo Jiakun told a regular news conference. “I want to reiterate that China and the United States are not engaged in consultations or negotiations on the tariff issue.”

China has maintained its tough public stance on the trade war even as Trump softened his tone last week, saying that astronomical US tariffs on Chinese goods will “come down substantially” and promising to be “very nice” at the negotiating table as he attempts to get Xi to initiate talks.

“He’s called. And I don’t think that’s a sign of weakness on his behalf,” Trump said, referring to Xi, in the Time interview published on Friday.

Trump, who has repeatedly referred to Xi as a “friend,” did not offer specifics in the Time interview on the content of the purported call with the Chinese leader or when it took place – nor did he elaborate when pressed by CNN on Friday.

“I don’t want to comment on that, but I’ve spoken to him many times,” Trump said in response to CNN’s Alayna Treene when leaving the South Lawn at the White House.

According to publicly available records, the last time the two leaders spoke by phone was on January 17, days before Trump’s inauguration for his second term.

Since last week, Trump has repeatedly said that his administration is talking with Chinese officials to strike a trade deal – only to be met with flat denials from Beijing each time.

On Friday, hours before Trump’s interview with Time was published, China’s Foreign Ministry urged the US not to “mislead the public” on trade negotiations between the two sides.

Trump’s apparent willingness to deescalate the trade war has been brushed off by Beijing, which has instead demanded the US remove all tariffs on China.

Since returning to the White House, Trump has imposed levies of 145% on Chinese goods, though he exempted imports of electronics such as smartphones and computers from his so-called “reciprocal” tariffs.

China has raised tariffs on US imports to 125%, but it has also quietly rolled back the levies on some semiconductors made in the United States, according to import agencies, as Beijing tries to soften the blow of the trade war on its all-important tech industry.

Source: CNN
 
Trump set to ease tariff impact on US car makers

President Donald Trump is set to take action to ease the impact of his tariffs on US car makers, a top White House official says.

"This deal is a major victory for the President's trade policy by rewarding companies who manufacture domestically," Commerce Secretary Howard Lutnick said in a statement provided to the Reuters news agency.

The president will announce measures to reduce some import duties on parts from abroad that are used in vehicles manufactured in the US.

While cars made outside the country are still subject to automotive tariffs, they will be exempt from other levies, the Wall Street Journal reported earlier.

Trump is due to hold a rally in Michigan on Tuesday to mark his first 100 days in office.

The state is home to the so-called Detroit Three carmakers - Ford, General Motors (GM) and Stellantis - and a network of more than 1,000 major suppliers to the industry.

Trump has put tariffs at the centre of his economic plans, describing it as "the most beautiful word in the dictionary".

But they have sparked turmoil in global financial markets, caused major uncertainties for businesses and increased fears of a sharp economic slowdown.

The move to ease the impact on the motor industry has been seen as the latest attempt by his administration to show flexibility on the policy.

GM's chief executive Mary Barra welcomed the development.

"We're grateful to President Trump for his support of the US automotive industry and the millions of Americans who depend on us," she told the BBC in an emailed statement.

"We appreciate the productive conversations with the President and his Administration and look forward to continuing to work together."

Ford and Stellantis did not immediately respond to requests for comment.

Last week, a coalition of US motor industry groups called on the president to not impose 25% tariffs on imported car parts.

A letter to his administration from groups representing companies including GM, Toyota and Volkswagen said the levies "will lead to higher auto prices for consumers, lower sales at dealerships and will make servicing and repairing vehicles both more expensive".

Trump had previously said the tariffs would come into effect by 3 May.

BBC
 
How much revenue has the US earned from Trump’s tariffs?

United States President Donald Trump said this month that his tariffs were bringing in $2bn a day already. The real number turned out to be $192m per day at the time.

While the import revenue has increased slightly since then, it is still nowhere close to what the president had suggested.

On Friday, April 25, according to the most recent data from the US Department of Commerce, the US brought in $285m in customs and certain excise taxes for the day. Thus far in April, the total has hit more than $16.1bn. The daily income is up from $128m that was brought in on January 17, the last day of the administration of former President Joe Biden for which the US Treasury Department released a daily report.

Trump had threatened to impose “retaliatory tariffs” on nearly all trading partners across the globe. He kept the highest at 125 percent for China in addition to an earlier 20 percent rate because of the country’s role in the fentanyl trade, Trump said.

On April 9, barring China, he paused the retaliatory tariffs and put in place a 10 percent levy on all imports to the US. He also kept in place tariffs he had announced in March on imports of cars, steel, aluminium and potash, all of which are now feeding into US revenue. On Tuesday, the White House said Trump was aiming to ease some auto tariffs and companies paying car tariffs would no longer be charged other levies, such as on aluminium and steel, with reimbursements in the pipeline for such tariffs that had already been paid.


 
We're maybe a couple of weeks away from the first shortages showing in the States. Lot of data points coming out this week. China has already started feeling the pain and the numbers coming out of there don't look good.
- Container booking from China to America plunged by 45% in the last couple of weeks
- Export orders reported in China are down to their lowest level since the COVID lockdown days in 2022
- Chinese manufacturing PMI has dropped below 50 signaling contraction

There was probably some front loading of shipping to avoid the tariffs so the timing of the shortages in stores may very by commodity but on some items like baby strollers, it should start getting obvious real soon.

We'll have to see how Americans react. Of course the Chinese as well - if it stretches a few more weeks, we're going to see factory shutdowns and jobless soon.
 
China creates list of US-made goods exempt from 125% tariffs, sources say

China has created a list of U.S.-made products that would be exempted from its 125% tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington.

China has already granted tariff exemptions on select products including select pharmaceuticals, microchips and aircraft engines and was asking firms to identify critical goods they need levy-free, Reuters reported on Friday. However, the existence of a so-called 'whitelist' had not been previously reported.

The quiet approach allows Beijing, which has repeatedly said it is willing to fight till the end unless the U.S. lifts its 145% tariffs, to maintain its public messaging while privately taking practical steps to provide concessions.

It was not immediately clear how many and which products have been included on the list, which authorities have not shared publicly, the two sources said, declining to be named as the information was not public.
Companies instead are being privately contacted by authorities and notified of the existence of a list of product classifications that would be exempted from the tariffs, according to one of the sources who works at a drug company selling U.S.-made medicines in China.


 
Trump has probably expedited the American supermacy decline process. All of this Trump mess has its own good as world will eventually dump America, it's US dollar trade, and America will even lose its alliance trust. With its destructive global wars, policing the world and being leached like animals to the genocidal Zionist billionaire regime, this is all for better in the long run
 
Trump has probably expedited the American supermacy decline process. All of this Trump mess has its own good as world will eventually dump America, it's US dollar trade, and America will even lose its alliance trust. With its destructive global wars, policing the world and being leached like animals to the genocidal Zionist billionaire regime, this is all for better in the long run

Yes. I think so.

Trump is isolating America. It may come back to hurt America in the long run.
 
We're maybe a couple of weeks away from the first shortages showing in the States. Lot of data points coming out this week. China has already started feeling the pain and the numbers coming out of there don't look good.
- Container booking from China to America plunged by 45% in the last couple of weeks
- Export orders reported in China are down to their lowest level since the COVID lockdown days in 2022
- Chinese manufacturing PMI has dropped below 50 signaling contraction

There was probably some front loading of shipping to avoid the tariffs so the timing of the shortages in stores may very by commodity but on some items like baby strollers, it should start getting obvious real soon.

We'll have to see how Americans react. Of course the Chinese as well - if it stretches a few more weeks, we're going to see factory shutdowns and jobless soon.
I can see why China is reacting so harshly, they do seem like a massive Export economy.

Trump will keep at it from the looks of it.
 
China creates list of US-made goods exempt from 125% tariffs, sources say

China has created a list of U.S.-made products that would be exempted from its 125% tariffs and is quietly notifying companies about the policy, two people familiar with the matter said, as Beijing seeks to ease the impact of its trade war with Washington.

China has already granted tariff exemptions on select products including select pharmaceuticals, microchips and aircraft engines and was asking firms to identify critical goods they need levy-free, Reuters reported on Friday. However, the existence of a so-called 'whitelist' had not been previously reported.

The quiet approach allows Beijing, which has repeatedly said it is willing to fight till the end unless the U.S. lifts its 145% tariffs, to maintain its public messaging while privately taking practical steps to provide concessions.

It was not immediately clear how many and which products have been included on the list, which authorities have not shared publicly, the two sources said, declining to be named as the information was not public.
Companies instead are being privately contacted by authorities and notified of the existence of a list of product classifications that would be exempted from the tariffs, according to one of the sources who works at a drug company selling U.S.-made medicines in China.


Ohh I thought China will not back down? 😂 :kp
 
Seem like India might be the first to close a deal.

White House moving ‘as fast as possible’ on India trade deal, Navarro says

From all the reporting on it in the last couple of weeks, we've made some significant concessions - a future proofed MFN status i.e. no country signing a deal with India in the future can get better terms than the States, commitments to buy oil/natural gas and defence equipment, dropping a bunch of non tariff barriers such as quality control orders.

It's a risk but a risk worth taking. It's a unique opportunity to boost manufacturing. A lot of companies are looking for alternatives to China and being seen as a safe haven i.e. the first to sign a trade deal and getting rid of even that 10% tariff could give the extra edge as companies make investment decisions for the next four years. Apple's already leading the way.
 
Donald J. Trump
@realDonaldTrump

This is Biden’s Stock Market, not Trump’s. I didn’t take over until January 20th. Tariffs will soon start kicking in, and companies are starting to move into the USA in record numbers. Our Country will boom, but we have to get rid of the Biden “overhang”. This will take a while, has NOTHING TO DO WITH TARIFFS, only that he left us with bad numbers, but when the boom begins, it will be like no other. Be PATIENT!!!

🍿
 
Trump says non-US movies to be hit with 100% tariffs

US President Donald Trump says he will hit movies made in foreign countries with 100% tariffs, as he ramps up trade disputes with nations around the world.

Trump said he was authorising the US Department of Commerce and Trade Representative to start the process to impose the levy because America's movie industry was dying "a very fast death".

He blamed a "concerted effort" by other countries that offer incentives to attract filmmakers and studios, which he described as a "National Security threat".

"It is, in addition to everything else, messaging and propaganda!" Trump said on his Truth Social platform. "WE WANT MOVIES MADE IN AMERICA, AGAIN!"

Commerce Secretary Howard Lutnick responded to the latest announcement, saying "We're on it".

But the details of the move are unclear. Trump's statement did not say whether the tariff would apply to American production companies producing films abroad.

Several recent major movies produced by US studios were shot outside America, including Deadpool & Wolverine, Wicked and Gladiator II.

Since returning to the White House in January, Trump has imposed tariffs on countries around the world.

He argues tariffs will boost US manufacturers and protect jobs - but the global economy has been thrown into chaos as a result, and prices on goods around the world are expected to rise.

Ahead of his inauguration, Trump appointed three film stars - Jon Voight, Mel Gibson and Sylvester Stallone - to be special ambassadors tasked with promoting business opportunities in Hollywood, which he described as a "great but very troubled place".

"They will serve as Special Envoys to me for the purpose of bringing Hollywood, which has lost much business over the last four years to Foreign Countries, BACK—BIGGER, BETTER, AND STRONGER THAN EVER BEFORE!" Trump wrote at the time.

The US remains a major film production hub globally despite challenges, according to movie industry research firm ProdPro.

Its most recent annual report shows the country saw $14.54bn (£10.94bn) of production spending last year. That was down by 26% since 2022, though.

Countries that have attracted an increase in spending over the same period include Australia, New Zealand, Canada and the UK, according to the report.

Even before this most recent announcement, the US movie industry had been impacted by the fallout from Trump's trade policies.

In April, China said it was reducing its quota of American films allowed into the country.

"The wrong action of the US government to abuse tariffs on China will inevitably further reduce the domestic audience's favourability towards American films," the China Film Administration said.

"We will follow the market rules, respect the audience's choice, and moderately reduce the number of American films imported."

Source: BBC
 

He found a U.S.-based company that could produce the shower heads — but at nearly triple the cost. To maintain Afina's current profit margins, he listed the U.S. version side-by-side with the original with a brief explanation of the price difference, and gave customers the choice.

The cheaper option was purchased 584 times compared to zero purchases of the "Made in USA" version.
 

Trump says he will lower tariffs on China ‘at some point’​

President Donald Trump says tariffs on Chinese imports to the United States will eventually be lowered, after both Beijing and Washington appeared to soften their positions about potential trade talks.

“At some point, I’m going to lower them because otherwise you could never do business with them,” he said in an interview with NBC’s “Meet the Press with Kristen Welker,” which taped on Friday. “They want to do business very much … their economy is collapsing.”

Weeks of ***-for-tat escalation between the world’s two largest economies have driven US tariffs on Chinese products to a staggering 145% and Chinese levies on American goods to 125%. Over the past two weeks, both sides have appeared to moderate their rhetoric.

In the interview, which aired Sunday, Trump acknowledged the toll the tariffs have taken on China, pointing to factory closures and unemployment “through the roof,” but insisted that he would not make the first move.

“You’re not dropping the tariffs against China to get them to the negotiating table?” Welker asked.

“Why would I do that?” Trump responded.

On Friday, a spokesperson for China’s Commerce Ministry said the country was “currently assessing” proposals by the US to begin trade talks, but that Trump must “cancel” his “unilateral tariff hikes” first.

The US tariffs have already started to affect China’s export-reliant economy. In April, factory activity there showed its steepest contraction in 16 months, while new export orders dipped to their lowest level since 2022, during the depths of the Covid-19 pandemic, according to official data.

On Sunday, Trump told reporters on board Air Force One that he has no plans to speak to Chinese leader Xi Jinping this week. “But China and our people are talking about different things,” he added.

Trump said he seeks a “fair” trade deal with China, while repeating his claim that the country has taken advantage of the US, in terms of trade, for years.

In April, factory activity in China showed its steepest contraction in 16 months

Besides China, Trump said his administration was meeting with “almost” every country, and some trade deals “could very well be” announced this week.

“We’re negotiating with many countries but at the end of this I’ll set my own deals because I set the deal, they don’t set the deal,” he said.

Depending on the status of negotiations, he said: “At a certain point I’ll be just setting a certain tariff number.”

Saving TikTok

During the NBC interview, Trump also said he was willing to extend the deadline for Chinese company ByteDance to sell the US operation of TikTok, a wildly popular short video platform that has amassed 170 million American users.

Congress, under then-President Joe Biden, passed a law last year requiring the Beijing-based company to divest TikTok in the US or face a ban over national security concerns. Trump has twice extended the deadline because a deal has yet to materialize, despite repeatedly emphasizing the massive interest that American investors have in the app.

“I’d like to see it done,” he said, adding that he had a “sweet spot” for the platform, as it helped him win over young voters during the 2024 presidential election.

“TikTok is very interesting, but it will be protected,” he added.

Source: CNN
 
But Trump wants a deal asap with them, he is itching for something to boast about
This looks like a good deal from UK perspective and a decent one from India. They dropped some of the stuff around migration and visas to suit the UK. Overall looks like a win /win. The Tories are slamming it here but they are just a bitter opposition and slam everything.

@Red-Indian would appreciate your thoughts is it a good deal for India?
 
This looks like a good deal from UK perspective and a decent one from India. They dropped some of the stuff around migration and visas to suit the UK. Overall looks like a win /win. The Tories are slamming it here but they are just a bitter opposition and slam everything.

@Red-Indian would appreciate your thoughts is it a good deal for India?
Yup ,This is win - win for both countries . The FTA could pave the way for India's FTA with the EU & US very soon. . Negotiations is Only way forward :kp
 
India UK conclude Double Contribution Convention -

It will save workers money. If an Indian worker goes to the UK for a short job, they won't have to pay into both countries' social security systems, just India's. This saves cash and makes it easier to work abroad.

UK Business and Trade Secretary Jonathan Reynolds on conclusion of India UK FTA -

"This government’s number one mission is growing the economy as part of our Plan for Change so we can put more money in people’s pockets

:kp
 
India UK conclude Double Contribution Convention -

It will save workers money. If an Indian worker goes to the UK for a short job, they won't have to pay into both countries' social security systems, just India's. This saves cash and makes it easier to work abroad.

UK Business and Trade Secretary Jonathan Reynolds on conclusion of India UK FTA -

"This government’s number one mission is growing the economy as part of our Plan for Change so we can put more money in people’s pockets

:kp

Do you any more details regarding the NI tax situation? Does this include employers' NI contribution?
 
As long as it doesn't mean we have to accept more Indian immigrants as part of the deal that's fine. The British public do not want to see more foreign employees taking British jobs. That is why they voted heavily in favour of Reform instead of Starmer in local elections. :kp
Also why you guys voted for Brexit.
 
As long as it doesn't mean we have to accept more Indian immigrants as part of the deal that's fine. The British public do not want to see more foreign employees taking British jobs. That is why they voted heavily in favour of Reform instead of Starmer in local elections. :kp
Officials said the deal involved no change to immigration policy but would facilitate visa routes for Indian professionals in certain sectors. There will be no exemption from the UK’s forthcoming carbon tax as part of the deal, although talks on this continue.

-
 
Why would employer contribute in this case, also this is only for first 3 years.
There is employee's and employers NI contribution.

An employer has to pay NI to HMRC for every employee. I assume this will continue to be the case
 
@JaDed
I'm assuming employers will have to pay NI otherwise they will favour Indian workers over local workers which will quickly back fire on the Government
 
Interested to see in what way you think it will backfire?
Easy access to Indian IT , it might end up being cheaper for an Indian IT worker to come to UK work 3 years.

Majority IT projects are 3 years tears anyway
 
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