Scott Bessent, who is purportedly the lead negotiator of Trump's trade war with China, makes clear on CNBC that there is currently zero communication happening between the administration and Chinese officials
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A reminder I think that Americans need to remember, in the four years leading up to Pearl Harbor, the US implemented ever more restrictive trade measures on Japan.
except China is a TRUE authoritarian country where Xi is in no danger of worrying about polls or passing things through Congress and in this instance Chinese people KNOW Trump is the villain. cost of living is far lower in China, they can afford to subsidize factory workers until new markets develop
Oh, for heaven's sake. Is it really that hard to just spit the truth out! China's not budging. This perpetual spinning on what's happening with China isn't fooling anyone. "Substantial progress in the coming weeks" is Republican speak for Trump hasn't heard a thing.
This is why Trump has adopted the line (paraphrased) we don't need to negotiate, we set the deal.... because Xi isn't calling and likely won't ever call. China weighs 13% of China's trade against the stability of the Party, it's not even worth a pause for thought for Xi.
It isn't nothing, but....
1. Stein’s Law works both ways. 2. The surplus country has the advantage according to, among others, the source below.
3. Even if that were true, the deficit country loses leverage when the surplus county has other trading options for its in-demand goods.
There's zero chance that China folding before the US happens once shortages start happening at stores. Americans are not able to sacrifice on the level of the Chinese. I know, I lived there for years.
He just can't help himself from sputtering thru these interviews bc he KNOWS we're fucked while China has been, and now even more acutely, diversifying its exports away from the US.
He seems to be just straight up relying on the hopium of "it's not sustainable" but he may be surprised when it comes to how long China is able to sustain it. They don't have voters to answer to and even if they did it would help them that the USA started this.
Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. Couple of more weeks. AND then, Couple of more weeks.
So why couldn't Sputnik and Pheasant LLC not speak the truth in recent weeks?
Why the runaround and "Oh, I'm going to talk about it?" That's because they wanted to keep Trump appeased by towing the party line--which is "China is rattled and bending the knee, calling us 24 hours a day!"
Love the "is there a negotiation about the negotiation" part.
Reality is China is actively ignoring trump and instead making deals with the rest of the world. And the issue here is trump raised tariffs to get countries to call him. Because he's just too damn lazy to make those phone calls himself!
I wonder when types like Bessent will start throwing the towel. There are plenty of stinkin' rich businesspeople destroying their reputation in the horror clown's circus.
This is many many things but it’s also fucking hilarious
I work for a major company. The head of my division isn’t worried about the tariffs because “Trump and his team are in active negotiations” and “he’s using the tariffs to run in 3.5 years”
the orientals are an inscrutable lot. *I'd say in my very Trump voice but we all know Trump while being very racist would never use the word inscrutable*
China can ride this out right into an American economic catastrophe. America cannot outlast China in this. Dirt Diaper Donny #DDD has effectively put a loaded gun to his own head.
The lead roadkill under
the Trump tariff bus when it’s time for the scapegoat. He can be renominated for something else like waltz. Repurposing a turd is a new thing 🙄
Bessent shakes his head as he says "I think we could see substantial progress in the coming weeks." Looks like he's trying to signal us that nothing has happened without upsetting Trump.
Why would China act when the US is only beginning to show signs of panic. China knows it is going to get hurt, but they have the control to weather it and their people are supporting.
The US is about to have a brutal summer with less tourism and less product. There is no national unity.
Who are you gonna believe—the president of the U.S. or the Chinese Communist Party? Well, when the guy in the White House has a reputation for making up stuff and lying about things...
Also, predicting that the country could get back to where we were (which they said was a terrible place, btw) in a year from now is not quite the sell he thinks it is…
I don't think that getting back in a year is even a possibility now. In just 100 days they caused so much damage that it would take years to just get back to the initial place
I agree. Now they're just trying to pitch possible wins that aren't wins at all. Starting fires just put them out and say, 'Look! No fire now!' If your angle is that things will be "terrible" again but better than the worse we made them, you're done.
Honestly, these guys should be prosecuted for such egregious deception.These lies have consequences for markets, for shareholders, for retirees, for companies, for the public. Its tantamount to criminal negligence with the deliberate intention of covering up gvt incompetence and malfeasance
#Trump
The Chinese can take the pain! For this to end, Trump has to find some way to save face although we all know that nothing could actually do that, but he's too stupid to know! 💙✌️
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They literally had to do nothing and they would have been at 3% growth by just riding the Biden wave
So who is LYING?
2017-2021-Over 30K documented LIES
Does he or can he ever tell the TRUTH?*
https://www.washingtonpost.com/politics/how-fact-checker-tracked-trump-claims/2021/01/23/ad04b69a-5c1d-11eb-a976-bad6431e03e2_story.html
Survey says NO!
One could argue, though, that there are 205 sovereign states . . .
All they've said is that they don't like the trade deficit. But much of that is out of China's control.
Unless you buy now.
We don't exchange gifts anymore, so I'm good.
So fuckin sad for kids.
💔💔💔💔💔
HOW do we put China to the side ???
It isn't nothing, but....
We are screwed!
3. Even if that were true, the deficit country loses leverage when the surplus county has other trading options for its in-demand goods.
https://www.foreignaffairs.com/united-states/tariffs-trade-wars-are-easy-lose
Amazing!
What a fucking idiot!
Well, there, you have it…
Donald Trump is exposed for telling another lie & misleading the public again.
OMG I’m so surprised.
When are people going to wake up & when is something going to be done to stop this nonsense & remove this idiot from Office?
Democratic party… What are you doing?
The man cannot breathe without lying
Well, actually I'm surprised anyone in the admin publicly spoke the truth.
Gotta’ go.
#Losing
#EconSky
Why the runaround and "Oh, I'm going to talk about it?" That's because they wanted to keep Trump appeased by towing the party line--which is "China is rattled and bending the knee, calling us 24 hours a day!"
All lies.
What a shit gibbon.
Reality is China is actively ignoring trump and instead making deals with the rest of the world. And the issue here is trump raised tariffs to get countries to call him. Because he's just too damn lazy to make those phone calls himself!
I work for a major company. The head of my division isn’t worried about the tariffs because “Trump and his team are in active negotiations” and “he’s using the tariffs to run in 3.5 years”
The utter fucking buffoonery 😫
Disclaimer: There’s a reason why I’m now retired
Congratulations on your retirement. Man am I envious..
#alcatraz
https://thehumanaiview.blog/2025/05/06/why-is-the-stock-market-rebounding-if-tariffs-are-failing/
the Trump tariff bus when it’s time for the scapegoat. He can be renominated for something else like waltz. Repurposing a turd is a new thing 🙄
The US is about to have a brutal summer with less tourism and less product. There is no national unity.
These clowns started a trade war they have zero chance of winning, & will crash economy, then blame Biden.
Trump is chowing on checkers while China toys with him. China can and WILL wait us out. They are disciplined, we are not.
Xi & Putin are laughing at the destruction.
So it's not all bad
#Trump
Donold 🤡 is still playing cards or ⛳️, and thinks you are negotiating.
The Art of War, Chapter 4