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Registered on:12/7/2014
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To prepare Thanksgiving and Christmas shopping season, in May/June time, Walmart these big companies will start put orders.

Around that time, Trump will feel more pressured to get a deal done. Not sure how he can walk back these tariffs without losing face.

I think our American people are hard-working but paid too much and priced out of competition. Not sure how to solve it. The cost of decent living demands this kind of wages.

In California, the entry wage of In-and-Out worker is $22 an hour. That is equal to one day pay of Chinese factory worker.

Use Tesla as example. Tesla runs similar factories in Shanghai and Fremont.
Same Tesla, it is selling lesser inside China than in US.

Trump presses China to make tariff offer to calm trade war

The news from China is:

1). If US thinks higher tariff is good for US, just keep it.

2). If US thinks higher tariff is bad for US, just remove it.

3). China will act on its own. US's decision will not affect Chinese decision.

There are no negotiations. China will keep the high tariff unless US remove the tariff US put on since 2018.

At this point, Trump can not reach any Chinese officials.
quote:

Zhang was convicted in April 2024 of acting as an unregistered agent of the Chinese government and sentenced to three years’ probation.

In May 2021, he pleaded guilty to having served as an agent of China in 2016 without notifying the U.S. Attorney General.


Sentenced to three year's probation.

You do not sentence a real spy so lightly.
Dollar wise, these exempted items worth 50% of US imports from China.

In three days without China back down, 50% of Chinese important are saved. France at least fought for 6 weeks before surrender to Germany.

At the same time, Intel, Micro and TI exports to China are taxed @125% by Chinese.

For the past three years, China were trying to replace the chips from these companies. Trump is helping them with these tariff war.

quote:

One way or another, this shite ends by November first. There is no Christmas in the United States of America without China


Expect May/June time frame, the trade dispute will be resolved.

Companies usually put orders for holiday season in May and June.

A lot goods only China can supply. In the last 8 years, any American company that can find stuff outside China has already done so.
For example, Nike is no longer made in China.

The trades left are the ones companies can not find other sources.
Haha.

Wall street Journal has article reporting how Trump decided to pause the tariff for 90 days. It is very good read

One major factor is: Trump watched Fox Business TV. They interviewed Chase Bank CEO. The CEO said politely this tariff sucks.

The President made a decision after watch TV!!!??

Those 75 countries are begging to talk. Not sure if it is a lie or not.
:lol: :lol: :lol:

Hope it is not real!

Trump said he plan a “birthday summit” with Xi in June.

Xi did not answer Trump's phone call. So he sent out Steve Daines, a senator, to Beijing to propose the meeting.

China told him no at that time. Now this!!!
I sold all of all SPY long rentals. Back to all cash and watch the clown show.

If the rally sustainable, we should see more chances to buy.
Last week, when stock market saw the biggest drop, 401K accounts saw the biggest sale volume.

That day, a lot people moved their 401K holding from index fund and stocks into low yield, safe funds.

With the market rally this week, these people sold low and will buy high.

This kind of round trip is hurting working class the most.

Do not be fooled by the headline.
These crazy Trump tariff is finished.

90 days will take you to the Holiday ordering time for American companies.
Trump can not raise the tariff around that time.

After 8 years of trading war with China, American companies already tried their best to move away from China or China + 1. For some goods, they can not find any source except importing from China.

Every time, US raise tax on Chinese good.
Under the table, US will exempt most of them.
US has done this many times in the past 8 years during Trump and Biden terms.

125% China tax has minimal effect.






These numbers can not be trusted.

These days, American politicians have a habit of lying.

Look at Trump:

tiktok is done, done, done, then he extended the deadline.
tiktok is done, done, done, then he extended the deadline again.

My guess he will repeatedly extend the deadline till his term is finished.
The deal will never be done since China is blocking it. China would rather see it shutdown than forced sale.

The HK company rent and run the ports around the global including two Panama ports.

If these ports are sold to Black Rock, China is afraid Chinese ships will lose access to these ports. China need those ports to trade with South America, Europe and Africa. That is why China is blocking the port sale.

The belt and road project is used to expand the market for Chinese goods.

Biden has a similar project a few years ago. But the project died since people need to do hard work in a lot poor, unsafe countries. American companies do not want to do business in those shitting countries. Chinese people traditionally have very good relationship with poor countries.

With the new expanded markets, the trade between US and China dropped to 18% from 40% since Trump's first term. That is why China is not scared to match the tariff with Trump.

The thinking from Chinese side is:

The export to US is for US $. With the US$, China can buy oil and gas.
China has enough of the US $. No need to earn more. With the Russian asset frozen precedent, the US $ is not safe asset any more.

It is a pleasant surprise to China that Trump starts trading war with every country. China prepared the war vs. US + Europe + Japan + Korean + UK + Canada. Last year, all providential governors and 10, 000 companies assembled together and prepared the trading war strategy.
That is why he is Retired. so stupid

quote:

Retired US Navy Admiral James Stavridis said NATO might be finished
Of course. Trump and Vince are seriously about signing the deal. As usual, they just want to bash Zelenskyy like other guests to the white house before sign the paper.

The unexpected is: Zelenskyy is talking back just like a spoiled child.
The expected anser from Zelenskyy is:

quote:

Zelenskyy might have said that he had in fact expressed his gratitude in the past, wished to do so again, and was pleased to be in the United States to have a direct discussion with Trump, a man he regards as a strong leader.



It is Zelenskyy's fault. He should make the King in the White House happy.


that nobody even ask the questions about the highway robbery, i.e., mineral deal.

How can Ukrainian politicians sell its own country in such a bad deal?

Before Trump, American politicians are robbing people in an elegant way.

Trump just does it without masking it.



Too early for China to start the war in Taiwan.

Need 10 aircraft carriers.

re: Have sanctions ever worked?

Posted by JohnHager913 on 2/24/24 at 2:19 pm to
Russian economy grow 2.7% last year. better than before the war.

re: Have sanctions ever worked?

Posted by JohnHager913 on 2/24/24 at 2:17 pm to
The sanctions used to work. But with China, Indian, Brazil and other 100+ countries that do not participate in the sanctions, the sanctions against Russia is not working any more.

US is carrying Europe and five eyes and a few countries in Asia. Not enough.
Harbaugh is a great coach.

Hope he can turn around the Chargers. The Chargers is a soft team. They lost a lot of games near the end of the game when pressure is high. Need to be tough.

I hate the NCAA. A lot of stupid rules. Football should break away from NCAA and run as a professional organization.