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🔥BREAKING🚨; Total Economic Warfare Declared! 🔥💣 🇨🇳 Xi Jinping: "We are slapping 100% tariffs on all US tech, Boeing aircraft, and agricultural imports. We will completely cut off your Rare Earth materials supply starting TODAY." 🇺🇸 Trump: "China is starving for trade! Empty threats! We will impose 200% tariffs,...

58,074 views • 4 days ago •via X (Twitter)

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🚨BREAKING: United States Trade Representative Jamieson Greer says the US trade deficit with the EU for 2025 likely bigger than the US deficit with China. Greer was asked a question suggesting America is treating Europe more poorly than China in terms of trade policy. Greer responded STRONGLY: “I think the premise is just wrong, because we have much higher tariffs on China… I mean, to suggest that we're treating Europe more poorly than China, is just out of line with the facts. I mean, there have been, since 2018, very substantive tariffs on China. There have been export controls on China—that they hate. You know, there have been investment scrutiny that the Congress of the United States has stepped up. It's just, these are just things of a totally different nature, I think, for the United States. Well, let me make one more point: Our trade deficit with the EU this year for 2025 might end up being bigger than trade deficit with China. We reduced that trade deficit by about 25% last year. So when it comes to imbalance, we have a huge imbalance with Europe. You've had huge access into the US market. For many years, we've had limited access into Europe. You limit our agricultural imports, you limit our industrial imports, and you have a huge surplus with us. And it's not because you're particularly competitive. I know I'm here in Europe, and I spent a lot of time in Europe… I like Europe, but the reality is you're not competitive… We know you have bad energy policies. The fact that you have this massive surplus with the United States can't be because you’re competitive.” [Note this is a machine translation, may not be 100% accurate!] I'm here in Davos during the World Economic Forum meetings. Shoot me a note if you're around!

Jan Jekielek

14,776 views • 6 months ago

Bessent: Don’t Need Trade Deal with China, We Make Revenues Off Tariffs, ‘It’s Not Broke’ | Ian Hanchett, Breitbart News On Tuesday’s broadcast of the Fox News Channel’s “Ingraham Angle,” Treasury Secretary Scott Bessent responded to a question on whether or not a trade deal with China is needed by stating that “China is, right now, the biggest revenue line in the tariff income” and remarking, “if it’s not broke, don’t fix it.” But Bessent also said there have been “very good talks with China” and he thinks there will be further discussions with them. Host Laura Ingraham asked, [relevant exchange begins around 8:30] “When do you expect that we will see movement on the China talks, and do we need a trade agreement with China, given how well the tariffs are working out?” Bessent answered, “Look, we’re very happy is — we had 20% — about 20, 25% tariffs in President Trump’s first term. We’ve added 20% fentanyl tariffs, 10% baseline tariffs. So, we’re at 50 or 55%. China is, right now, the biggest revenue line in the tariff income. So, if it’s not broke, don’t fix it. We have had very good talks with China. I imagine we’ll be seeing them again before November. They have a 10% tariff on us. They have started shipping the rare earth magnets, which we agreed to. We had put some countermeasures on them that we’ve taken off. So, I think, right now, the status quo’s working pretty well.”

Owen Gregorian

52,754 views • 11 months ago

Trump, the Dollar and China: What to watch for in 2025 Trump wants to boost exports, bring back American jobs from overseas and reduce the trade deficit. To achieve this he needs a weaker dollar. Trump also wants a strong dollar and will not brook any challenges to its near monopoly of international payments. Can he possibly have both? Trump’s Problem No.1: His announced tariffs will most likely boost the dollar as a result of increased uncertainty globally. Even if he slaps large tariffs on imports, the increase in the dollar’s value will eliminate the downward pressures on imports and the US trade deficit. Trump’s Problem No.2: His announced large tax cuts for the rich will boost the influx of foreign capital into the US, further boosting the dollar and the gap between domestic savings & investment, which is the root cause of the US trade deficit. Trump’s Problem No. 3: The near monopoly of the US dollar over international transactions is what ensures the paradox that, whenever things go bad in the US economy, the dollar rises. If Trump were serious about the US trade deficit, and his stated objective of wanting to push the dollar down to make US exports more attractive, he should want to end the dollar’s global dominance. But that would spell the end of the United States as a global hegemon – something Trump does not want to see happen on his watch. Perhaps what might work for Trump would be something similar to what Ronald Reagan did to Japan in the so-called 1985 Plaza Accords: he gave them the ultimatumn “appreciate your currency massively or face massive tariffs on your exports”. Can Trump do the same to China? China is no Japan – it will not roll over that easily. Talking of China, Beijing also faces a great dilemma in 2025 and beyond: · To stay put and play for time until the US internal contradictions play out? · Or to turn the BRICS into a Bretton-Woods-like system, with the yuan at its heart? Beijing has not made up its mind. In the next year, or years, we shall know the answers. Till then, be well.

Yanis Varoufakis

269,151 views • 1 year ago

Well, you were the mindless fool who started the trade war with China. First by the lie that they charged US 67% in tariffs, when in fact China was charging US, on average, only 18% in tariffs. US already chorded them more, the 25%, than what they charged us, after your first administration. And then you pushed another mother of all lies, that US is collecting a lot of money from China in tariffs, when in fact, China does not pay a single Dollar for any US tariffs at all, not even a single Dollar. US consumer pays all 100% of it. When any import shipment comes into US, a US broker gives a separate bill to a US receiver for all the duties and tariffs. The export Nation, or a company does not even handle the transaction, let alone actually paying anything. How do I know this ? Because I import myself for my business. I always pay 100% of the bill. And then I pass all 100% of it to my US customers. Any economist knows this very well. Only the President of the Untied States deceives all the American people that China, or any other foreign Nation, for that matter, pay for some tariffs. You are a lying bozo. None of them pay anything. All of us DO ! Tariffs effect only the volume of their business, as higher consumer prices result in reduced sales. But as far as actual payment, US consumer pays 100% of any import tariffs, with no exceptions. In any case, you better not be complaining now. You started this idiotic war, and you will have to eat it. And unfortunately, all of us will have to also. But China will get through this with, or without US. It will be US that will return to the stone age without China. On videos : 1. Walking through Guangzhou 2. Wuhan incredible metro station complex 3. A quick check of Ningbo City 4. Driving though downtown of Shenzhen

US_did_ 911

57,221 views • 10 months ago