Summary

Donald Trump lashed out at China for retaliating against his new tariffs, calling the country the “biggest abuser” of U.S. trade.

After Trump imposed an additional 34% tariff on Chinese goods, China responded with its own 34% tariff on U.S. products and suspended key imports.

Financial markets in both countries plunged, with U.S. economists warning of a potential recession.

Despite backlash, Trump defended his strategy, urging the Fed to cut rates and calling the tariffs a path to long-term gain. Critics warn of global economic instability and rising protectionism.

  • @PugJesus@lemmy.world
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    14119 days ago

    “W-when I specifically asked you not to…?”

    Trump is incredibly weak. It blows my mind that anyone looks at that slug and sees anything other than a despicable, pathetic cretin.

    • @NuXCOM_90Percent@lemmy.zip
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      5419 days ago

      Have you ever interacted with a magat?

      They are cowards. All they have going for them is that they are going to call the cops or get their gun. They don’t see trump as a sniveling coward. They se themselves. And since they are big and strong that means trump is big and strong.

  • Lit
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    19 days ago

    Did Trump dressed in his costume even say “thank you” “please” or “Xia Xia Ni” after telling china not to retaliate?

  • @Grizzlyboy@lemm.ee
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    4019 days ago

    The American arrogance is overwhelming. Presenting trade deficit as reason for tariffs, and then threaten other countries if they “retaliate”.

    Just die already.

      • @LadyAutumn@lemmy.blahaj.zone
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        19 days ago

        You say as though the attitudes presented by Donald Trump are not emblematic of centuries of American exceptionalism and white supremacist christian nationalism. Donald is not the first fascist in America. Nor is he the first American to believe that America is the protagonist nation of the world and has the absolute authority to do what it pleases and harm whoever it chooses.

        Trump is a manifestation of American arrogance. He falls perfectly in line with the same ultra nationalist dogma that has plagued the nation since at least the time of Reagan, who was himself standing in the ideological shadow of Jim Crow and the confederacy. Trump did not just walk into office. He was elected. Millions of people support the exact arrogance and egotism he espouses. They support his claims of American exceptionalism. They voted him in on a platform of global American power, of the power to weaponize cruelty and suffering on anyone who falls outside the categories of white, cisgender/heterosexual, American, and Christian. Those who voted for him live and breathe American arrogance, and he is an endless supply of it.

        • Well said. On top of all that, he is the President of the United States of America engaging in that position’s role as leading representative in the country’s interactions on the global stage. Like it or not, that makes his arrogance American arrogance.

            • @4am@lemm.ee
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              1219 days ago

              He does though, it’s our problem even if we fucking hate it (which we certainly do!)

            • @slickgoat@lemmy.world
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              1119 days ago

              Actually, in every definition of the word, on the international stage, he most definitely speaks for you.

              If not, please go ahead and overturn the tariff bullshit.

  • @Master167@lemmy.world
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    2819 days ago

    What did he expect to happen?

    That’s like complaining about someone punching back after you sucker-punched them.

    • @PapaStevesy@lemmy.world
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      1719 days ago

      Worse, it’s like complaining about someone punching back in a boxing ring during a fight that you scheduled months ago. And you’ve been shit-talking the opponent for decades.

  • @Helvetica@sh.itjust.works
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    2719 days ago

    When we’re in a bona fide depression he’s going to point to this as the reason he failed. “Look, if China, those damn Chinese, if the China had just let me grab them by the wallet, if they played nice, well we’d all by billionaires by now. I promise. The best billionaires. Believe me. It’s China’s fault.”

  • @ArbitraryValue@sh.itjust.works
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    19 days ago

    After the tariffs were unveiled in front of TV cameras at the White House, Treasury Secretary Scott Bessent told those countries named: “Do not retaliate, sit back, take it in, let’s see how it goes, because, if you retaliate, there will be escalation.”

    I’m sure that went over well. Xi loves sitting back and taking it in, especially when this is on Trump’s mind:

    “'Oh, he used the word ‘rape.’ That’s right. I used the word ‘rape,’” Trump said at the Detroit Economic Club after his remarks were met with what sounded like some gasps from the audience. “They raped our country,” he repeated.

  • kn0wmad1c
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    19 days ago

    Trump defended his strategy, urging the Fed to cut rates

    Look, I’m not an economist. Nor do I pretend to have anything more than a YouTube education on how a country responds to interest rate shifts.

    But wouldn’t the fed cutting the rates plunge us directly into an immediate recession and worsen inflation? I mean, the fed cutting rates during COVID led to the inflation we’re now seeing, right?

    • @4am@lemm.ee
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      519 days ago

      Didn’t the fed cut rates way before COVID as well, and then after COVID they cut it way down to nothing?

      That’s part of the reason for the housing crisis- in order to correct, when rates went way up, no one is giving up their (relatively) low payment, their actually low interest rates; even if they’re gonna spend all their gains on a new place they’ll still have to pay a large markup on whatever’s left over (if they can even find a place because inventory is like 1/4th what it normally is, mostly estate sales and poor condition, etc)

  • makyo
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    519 days ago

    Ha if he manages to get a rate cut in addition to his insane tariffs the USA is going to long for the inflation of Biden’s term.