Should've been like that from the start. Everything would adjust if it was done so from the beginning. Now, the US is dependent on cheap goods for decades we won't know what the outcome will be. This is the greedy corporations fault.
@@blackwater7183 people want to buy from their own country, but can't afford to. The Chinese, the Americans, we're all exploited for our labor while the rich get richer
@@kylecedrickgraciano9743 no, that part isn't true. US's debt is debt to itself the reserve currency holder. When it comes to trade, us is 100% dependent on China + china now leads in science, engineering, and emerging tech.
My industry in Australia had a trade war with China 4 years ago , wages dropped by 50 % and costs went up by 50 % and still have not recovered 4 years later … good luck America playing this game .
Yeah it's called trade for a reason, come to a mutual agreement. Trump is not going to get the Tariff % he promised folks on China. Not happening. China just said touche.
That’s how things escalate from trade war to full on war. China is probably just blocking supplies to make consumer goods like cell phones and such that are more a luxury than anything.
Weird how a trade war is bad .. yet we just elected someone who is intending on starting one not only with China but also our closest allies. This is a zero sum game, we ALL lose.
Sir I would assume a man of your build would be quite familiar with the current food prices and gas prices for trucks to carry large loads like yourself. You couldn't pick out a coherent president but you think you know so much about the economy idk where your confidence comes from considering ALL the news networks you've listened to for the last 8 years has admittedly lied to your face about everything they've said....or did u miss those episodes? Get a job phatboy and stop watching the view
You are delusional if you think corporations are going to wait for costs to increase before gouging consumers. We will see prices go up immediately after tariffs are enacted.
@@ScottCleve33 guess you weren’t listening. It can be assembled in America but the raw materials are imported. Some of the raw materials aren’t available domestically
We don't have infrastructure in place and that can take decades also it's probably not worth it to companies that are seeking ever rising profits. @@ScottCleve33
No American actually buys a new phone every year or two, they just “lease” it for two years and the wireless provider suckers them into signing another two year lease with an offer of the latest phone. I’ve had my current phone (an iPhone 11) since September 2020 and it’s still working fine.
The one who played stupid games was Bill Clinton. He was the one who gave China a lot of power and now we are seeing the consequences. Trump needs to do this. It’s not an option for the free world. We must implement a tariff for every Chinese product and also urge the Western world to do the same. It is no longer an option.
US still think that they can bully everyone. China is the second biggest Economy and the first economy when it comes to PPP. US is played out China can hold the ropes now as well. US cant control China anymore but they keep forgetting that.
China has more tariffs on us then we have on them. It's the same thing with Europe. We don't have free trade when it comes to America sending our good around the world.
@@dannyp4511 thats not true US placed 15.5K sanctions on China more then china has done on the US. and which good are you sending around the world? you produce nothing in the US
Except some materials dont occur on american soil. They have to be imported because we simply werent allocated certain resources by the god or big bang. Whatever created the world deposited certain things in certain places. Maga thinks lithium grows on trees i guess. Your iphone just spawns in the drawer at the apple store. Shipping. Manufacture. Supply chain. Not a thing to them.
@@squirrel9760 good to hear an honest response, all we Chinese need to do, is to break such a ponzi scheme, I mean USD and US treasury bond. Wait till you lose the global hegemony
@@squirrel9760 hey bud... do you realize how much land China owns in the US? Do you realize how many companies China owns AND runs that directly control infrastructure of cities around the country? Do you realize how many commercial buildings China owns in the US? Oh boy..I hate to tell you but they already knew the US mostly likely wont pay the debt. That's why they have been eating us away from the inside. LoL .. wake up man.
Everything is expensive thanks to Brandon. Trump up the tariff in his first term to CCP and it had ZERO negative effects to the US economy. CCP just depreciate their currency as it is a known country to manipulate its currency value. CCP will again depreciate their currency to offset the tariff again.
Very easy to figure out how this will affect you. Whenever you go to the store just look at where the things you are buying are made. Here’s a hint. It’s not in the US
Jobs will never return to the US or for that matter Australia because we both have high labour costs. If production returns to our countries, it will be 100% robotic production.
The cost of labour Should be a legitimate expense but the owners of production wish to minimise their costs and maximise their profit. This is why human labour has out priced itself in the West.
When people lose their financial assistance they’ll be offered low wage jobs. Those that previously were held by immigrants and child labor is already being used in Iowa and Arkansas. Schools will get defunded and kids will have to do something else like work. Welcome to PROJECT 2025 and AGENDA 47
Had a very old co-worker tell me she’s excited for the tariffs on Mexico and I tried to explain to her that we pay those tariffs at the end of the day but she wouldn’t have it. She also said “I’m 65 I know more than you” Alright hun…when prices go up…don’t look at me. I didn’t vote for that guy.
@@Mr._Moderateeveryone gave em a pass cos we drank the cool aid about rule of law democracy nonsense. Then thr internet came ans everyone saw thru the charade...ironically...social media.
What comes around goes around. The US didn't look at the bigger picture. We are very dependent on China. We don't have the infrastructure to produce these materials. The US citizens are the ones who are going to pay the price.
China uses a significant portion of its trade surplus to purchase dollar bonds which in turn backs and strengthens the dollar. This is why many economists are trying to edge some kind of positivity but as a whole have advised this is a terrible strategy and has global ramifications
So would you rather us pay the price so that generations after us would be less dependent on them or would you rather us continue to be reliant on a foreign Nation?
@@demetryusmchenry2564a nation that has no reliance on others, is not a succesful nation or an economic powerhouse. Once you have any meaningful amount of trade you are both reliant on each other. Typically this trade stems from improving efficiency, productivity or profit/affordability otherwise it generally doesn't make sense. There are reasons why many resources aren't harvested within the USA.
@@sickbailey21 I agree but it seems like we're overly reliant matter of fact not even overly reliant more reliant on them more then they are on us I think it should be just like with courting a woman you never want to like her more than she likes you.
@@demetryusmchenry2564 achieving perfect parity with 200 of these types of courting relationships is a complete pipe dream though. Technology and energy access are only increasing the pace at which other countries can grow, which in turn keeps many things in a constant state of change.
The global gallium reserves are mainly concentrated in China, the United States, Australia, Canada and Kazakhstan. The following are the reserves of some major countries: China: reserves are about 190,000 tons, accounting for 68% of the global reserves. The United States: reserves are about 4,500 tons. Australia: reserves are about 27,000 tons. Canada: reserves are about 23,000 tons. Kazakhstan: reserves are about 21,000 tons. Gallium is an important strategic metal, widely used in electronics, optoelectronics, semiconductors and other fields. China is the world's largest gallium reserve and producer, accounting for more than 97% of the world's output.
no trump themed products, what about all those patents? will ivanka be okay on just her husbands lousy income? .....this is going to hurt his corporate sponsors.... how's that going to work? oh yeah, blame the left.
I think the US is more dependent on China than China is more dependent on the US. Because China is the world's first industrial country and the only country with all kinds of industrial chains. The US is now a country dominated by finance and top technology. For example, you know that all Apple products are produced in China. China has advantages in processing technology for metal materials such as gallium, germanium, and antimony. In fact, China is a country with strong competitiveness in all fields. China's achievements are not based on plagiarism, but because the Chinese are highly competitive, many Americans and Europeans do not realize this.
Have the citizens of this great country not understand that every action has a reaction? Aren't they human beings too? They're reacting just like any normal person would.
This is the problem with Trump and his people, they insist on playing half court tennis. They act as though everything that they do happens in a vacuum and therefore it's genius. When in reality Democrats don't start trade wars because trade wars don't help anyone, in fact, they cause countries to become less connected and in turn more likely to be hostile towards each other. Our dependency on Chinese goods and their dependency on our market is the reason why we have not gone to war with China for so long. International free trade equals a lower likelihood of large-scale peer-to-peer warfare. Isolationism like make America great again or America first, will only lead to more hostilities and higher prices for everyone. A first-year economic student would understand this, unfortunately, we've elected an 80-year-old stubborn foolish, narcissistic idiot.
My mind is not supporting America because, they are not honest at all, in all manner, they do distroy any county for their own interest, and playing with humanity, they only can sell weapons, to sell they make wars, to make war they use any country to distroy other country by offering support making some gud money through weapons sales, about china, as per me as an Indian we hade some border issue with them that also created by westerns, history says, but its getting over through brics, if we united with china then the western countrys cannot dominant us that easily, wish de dolor, wish multipolar system in the world
China has banned exports of gallium, germanium, and antimony. All three of the materials are important for the electronics industry. Antimony is also critical for military and used to make bullets, night goggles, explosives, flares, missiles, and nuclear weapons. China is the biggest producer of antimony and Russia is the second biggest. The usa has a tiny amount compared to them, with reserves estimated to only last for 2 years if they continue to consume antimony at the rate they do. They have not a single antimony mine to extract the antimony, though one is planned to be created by the year’s end. The us ally with the largest antimony reserve is Australia, with a measly 9%. China (32%) and russia (23%) aren’t really fans of giving the usa antimony, and bolivia (21%) may or may not. Bolivia did throw out a us diplomat in 2008 for “treating them like a banana republic”, have opposed us foreign policy, considers their treatment of Venezualans as xenophobic, and are brics aligned, but they didn’t say yet that they are opposed to trading with the usa. The usa is, obviously, much less efficient at manufacturing than China, with China able to output massive amounts due to their advancements in factory ai and factory technology as well as due to their fast transport of goods. China also has the largest military in the world. The usa outsources weapon production to companies like lockheed martin and boeing, and those companies charge a large markup to the military for the weapons. They make a lot of profit and have high earnings because the government pays them a lot. Boeing is heavily dependent on chinese parts, and one time they got fake titanium from a chinese company, causing their jets to break down. In contrast, Chinese military is sourced from state owned businesses like norinco, meaning the government gets the weapons for free, only the cost of labor and materials, because the government owns the manufacturer. Of course, if the government gets it for free (as in no markup), then norinco doesn’t make as much profit as lockheed, but because they sell weapons to Pakistan, Venezuela, and others, they are still profitable. Anyways, after years of building military bases everywhere, needlessly fueling wars, staging coups left and right, and other aggressive actions, America has finally poked a bear. Tread carefully.
@@philipsimmonds1103Canada has been making it hard for Chinese companies in Canada With that said in many cases even Canada does not have or have enough of that resource And we sure don’t have the technology or the patents on that technology to refine those metals/minerals etc
@FAFOrednickinsell Not a fkn chance .. 2000 to huaweii fiasco,, china was investing massive amounts .. they are now pulling the plug .. just like they are in the States .. because they own the resources manufacturing logistics supply chain.. it's game over .. canada/US option is white label, and even that will disappear by 2030
From what the US has been doing to China through "policy", China is finally fighting back, which they have been extremely patient about. US is not trying to de-escalate, they constantly trying to escalate the situation in which they ground others into the ground over time with rules and laws that hurt the people.
China telling trump to FO UK telling trump to FO Canada telling trump to FO Mexico telling trump to FO Scotland telling trump to FO.... ...the list will grow!
It was never about expensive eggs or gas because we Americans spent billions during Black Friday shopping for the holidays. It was about hating people who look different or live their lives differently.
Do you really think that China is in second place? LOL SMH You really need to do your research and change your social media searches! Respectfully speaking! It's definitely not what you say or think!
You're the one who needs to do research. China has surpassed US in lots of things and is the second biggest economy. This is what US experts say.@ms.reonalove9408
@@ms.reonalove9408no matter what, china has the total value and scale of manufacturing industry more than the combination of G7 countries plus india😂.
the U.S. cost of labour is at least 10 folds of developing countries if not more. Manufacturing job will never go back to the States. Just No one can afford that.
That's because of the strength of your currency. The key to bringing the manufacturing back is not tariffs but devaluation. Your government has known this since Obama. Why not doing it? Ask billionaires who put presidents on the chair?
That's a good thing. And why are you ok under paying someone in a developing country? Why are you ok with jobs leaving? Not everyone can work in sales.
believe me they can afford it ,with those CEO's salaries, bonuses, stock buybacks, government subsidies, tax cuts...; corporations will always find ways to waste billions of dollars before raising wages or let their workers create class consciousness and freely unionize. Yes there is enough money but as Fisher said "t is easier to imagine an end to the world than an end to capitalism".
The only way to make manufacturing cheap in a post industrial country like the states is to automate most things and require most individuals to have oversight jobs. It's one of the few ways to decrease the labor cost and increase production. Only key places would have human works doing hard labor. That's one reason why education is so important, there is no way we can create jobs mostly for highly educated workers if most of us are not highly educated.
China politics is more reasonable than the American. Even though I don't agree with everything going on in China, I still maintain a lot of respect for them. The problem with America is their arrogance and lack of respect. With proper negotiation, I believe the two can reach an agreement that will benefit all.
During late Gorbachev to early Putin era, USSR/Russia showed a lot of good will and effort hoping to be closer to US/Europe. But US/Europe responded with cold shoulders and measures of isolation. On top of that, the NATO kept expanding eastward even though they promised not to and that eventually lead to war in Crimea and now Ukraine. For China, there were couple years of honey moon period when Nixon was president, but other than that, China was under constant embargo from US ever since CCP took power in 1949. To give a few examples, China was banned from participating Space Station program, kicked out from European Galileo GPS program ('suggested' by the US), US bombed Chinese Embassy in Yugoslavia in 1999, killing 3 journalists in the process. The relationship between countries are like two people in a relationship, it's hard to move forward when there's pattern of 'abuse' for decades. I don't see the situation improves any time soon, certainly won't happen under Trump administration.
I would like to see Canada enter into trade agreements that are independent of the US. We shouldn't have to be affected so badly by American shenanigans.
@@kpokpojiji , no. I'm thinking a separate trade and mobility treaty with Mexico that allows us to bypass the US. We'd be shipping food instead of driving it all over the continent but that could be a net benefit for both our countries.
Here it comes. Here's where Americans discover that the're not the bigliest big badass of the planet without their interconnection to a host of partners.
@@xlv1000-dlw gotta love how they invent the n bomb drop 2 n bombs but now it's NO! NO NO NO! We don't use that word that's a very dangerous nasty word! Very nasty!😱
What do you mean? I've never lost *ANYTHING.* Not a court case, baby fat or baby teeth! It's impossible for me to lose because I'm a very stable genius! MAGA! covfefe
When u depend on China too much instead of making your own stuffs. U.S. should start producing their own materials. Plus U.S. makes the quality stuffs.
@@Chad_Max People are impulse buying because 1) Christmas is coming 2) Buy everything important before trump comes into power and enforces the tariffs.
America cant compete in an open market anymore due to several factors. Protectionism is short lived before the implosion. The U.S. will be the U.K. in about 10-15 years.
@@adamcasas6519 I’m not sure the soybean farmers would agree with you. During Trump’s first administration, they were hurt when China retaliated against his 10-25% tariffs on $200B worth of Chinese goods, baby tariffs in comparison with what he’s talking about today. The farmers could no longer sell their soybeans, and, to make matters worse, the US government had to bail them out.
Prices are up sky high.Before the 1970s we use to make everything and America.And Americans lived great. Americans used to be able to work at a factory and support a family of five.
Don't want any tradewars and prices to go up as a consumer. We can't afford these games where only the rich will benefit. It's a global economy and we need to work together.
As a Chinese, I really appreciate that US imposed chip embargo on China. This made all companies in chip industry united as much tighter ever and made progress everyday. It has been 5 years since the US began to impose chip embargo on China. China's semiconductor exports have increased from almost 0 5 years ago to nearly 1 trillion RMB this year. The US chip embargo bill has played an indispensable role in this. 👍👍👍
As an American, I really appreciate that you're using a VPN to bypass your self-imposed censorship to write a comment in English on a US app to tell us how "good" you are doing 🤣
I'm not sure if American companies are enough, because I seriously doubt international companies investing in the USA the path they're heading. I mean Chinese, Mexican, European, why bother trying to invest in a country that changes in a whim. I believe that, as hard as it seems, other countries will pull away from the USA.
It's sort of inevitable. America came out of WWII unscathed and capitalized on the economic vacuum. A couple of generations later, foolish people believe Murica is the land of divine providence because they don't understand cause & effect. That's what happens when we prioritize football stadiums over education.
@@dankirk6452 I'm not sure what you expected me to read. Anyway, I remember the last time there was a supply change disruption the world kinda went to hell.
I don't know. As a truck driver, I think you would be surprised by how much we produce. The USA didn't become and remain the richest country in the world by doing nothing.
@@bryawnpI think the comment is referring to how much we consume, not produce. America does produce a lot, but not enough to cover all bases, and definitely not enough to cover over consumption habits.
This is why America needs its own supply chain. America is to dependent on foreign countries for essential needs. Trump understands this, I dont understand how the media doesnt
Prices surging, business having “pre-tariff” sales, and now this. People f’d around and voted for Trump and will now be finding out. Remember, this is your own fault
And it starts. Cost for phones, tvs, consoles and other major electronics will triple. Imagine, “Get the brand new iPhone XX for $5,999 + Tax. Pay in 4 accepted.”
@@Brisco_County_Jr it would happen. do you even know that your iphone is made in China, chips and parts? Tesla, auto parts, 90% of the electronic products, 100% of lighting products, metal ware products, technologies and many more are all made in China. Even your clothes and furnitures are designed AND made in China. do you know that? Without the, we have NOTHING or we have minimal with sky high amount of cost. you know that right? Even some medication and alot of medical props/tools are made in China..... please think.
No your iphone will not cost that much. Apple is already making iphones in India(around 20 percent at present) and planning to shift more production to India for this exact scenario. The labor cost is pretty much same for apple in both countries.
@@MrYabber That's not what the data from the Department of Agriculture shows. It's even worse when you take into account how much of the exports are fed to livestock while the imports are human food like tropical fruits.
@@Gabriel-hy8be fruit is the main food that the US imports. Outside of some fruits and coffee beans the US is self-sufficient in our food supplies. Self-sufficiency The US is a major exporter of food, and in 2016, almost 90% of the food and drinks consumed in the country were produced domestically. The US is also a major exporter of maize and wheat, accounting for around 53% and 23% of the world's exports, respectively
China is keeping its cost low these days mainly because its successful transition into AI and automation. Besides, the cost of living is also low in China, so living standards are better in China than in the states for the factory workers. Your understanding of China is an outdated version from 20years ago.
I worked at Lowe's for ten years. I helped people decide on getting window coverings. We had our house brand and the other brand, Levelor, made in Mexico. I explained the difference (Levelor had more size options) and people freaked out at the cost of Levelor. I tried to explain Levelor would cost even more if made in the U.S., but I'm sure it went in one ear and out the other. If you have to pay $7.25 an hour to have something made in the U.S. and maybe $3.00 somewhere else, the cost of higher labor has to be taken into consideration. People want it cheap. That will never happen in the U.S. I just wish more people understood basic economics.
Don't worry, you can dress yourself from head to toe in Trump-ware, made in the USA, for as cheap as $577. All profits go to people in need, of course. Oh wait, correction. It all goes to Trump.
As Trump plans to alienate no just one trade partner but many those others can look to alternate trade. China will do better than the US. Expect more trade between China, Mexico and Canada. Canada, Mexico and Europe.
China has trade surpluses each year so they can afford to stimulate their economy whereas u.s only relies on printing money and piling on debt so it's pretty obvious who can outlast who
@@catejordan7244 and with the emergence of BRICS they are already becoming less reliant on the US. China's imports of soybean from the US has dropped from 40% to 18% while Brazils share has grown from 46% to 76%. The food self sufficiency rate for BRICS is 95% and projected to rise to 100% by 2030.
@@hornetc5585 I have. It has been fine. We fared better than every other country. Unemployment is low. Inflation sucks, but also wasn't as bad as everyone was whining about while justifying voting for someone that's talking about policies that will make inflation skyrocket.
Everything I buy in America here is made in china or sourced from them, we need china! American companies are paying pennies on the dollar for cheap labor, that’s how this started cause our companies didn’t want to pay!
This is exactly how THE RICH GET RICHER EVERY YEAR. Off the backs of cheap labor. This is how america is rich in general off of the sweat and tears of others and we are entitled asf as consumers. Mf is trying to bring us back to reality but folks don’t want it.
Correct! It was the greed of Western companies in offshoring their manufacturing to cut costs that enabled China to be the factory for the world. Western jobs and standard of living lost and China becomes the superpower. We did this to ourselves.
Actually it started cause the one that did couldn't afford it. The history goes back in the middle 80s so it wasn't that long ago when everything was mainly made in the u.s.a
‘Huge losses’: Sweden fears for future of batterymaker Northvolt A battery factory with an investment of 90 billion US dollars can only produce 52 batteries per year. How much capital do Western countries have to continue playing this money burning game
True, but also, National Debt causes inflation as much as anything. Every President since Clinton has been jacking us for political points while they mortgage away our future prosperity.
I guess you've been in a coma the past 4 years, ill get you up to speed, under democrats the usa and russia are closer to ww3 than ever before, russia and ukraine are at war, israel and ukraine are at war, and china is soon taking taiwan, welcome back.
The US needs to be more involved in production again. Our economy can't keep going on depending on the service industry. We're falling behind the rest of the globe. Instead of investing in college education that produces more graduates than we have jobs for we need to invest in our manufacturing industries. We need to help industries jump start into replacing foreign made goods.
@@Josh-p8e (1) GDP (purchasing power parity) is viewed as a better measurement to show a real economy. GDP (PPP) listed by Wikipedia shows that China is higher than US. (2) The total GDP shows the size of the domestic market. Other countries want to have economic tie with the countries with highest GDPs. When China has higher GDP than US, the entire world will value China as a more important economic partner than US. Therefore, 5% is mind blowing.
Should have bought on Black Friday Prices are already starting to climb, just because of Trumps rhetoric of what he's going to do to all these trade partners before he even gets into office
Canada has reserves but we want to charge tariffs to Canada too. Soooo I’m guess we’re going back to landlines or something? Everyone needs to do what all the rich people are planning with this game. Wait for the market to tank. Buy up a bunch of stock and wait for the market to recover. That’s all we can do at this point.
Why are we imposing more tariffs on China when China has not paid and has refused to pay the tariffs back during the George Bush, Obama, Trump , Biden, and upcoming Trump eras? I understand that maybe we need their merchandise for our economy but we also need their money to help us which one is more important their money or the economy? They are using other countries to avoid paying our tariffs. We know this yet we are still continuing to do business with them? While China continues to make money, build astronomical structures and grow economically and financially our country cannot do that. Their country has money to do these things but we don't because they refuse to pay their tariffs along with other countries not paying either. How can they build things so cheaply over there and use their employees and "made in China" slogan and things are cheap to purchase in their own country but we can't do the "Made in America" slogan and make things cheap for our own people.
People say they want American Made until they have to pay American Made prices.
Should've been like that from the start. Everything would adjust if it was done so from the beginning. Now, the US is dependent on cheap goods for decades we won't know what the outcome will be. This is the greedy corporations fault.
@@blackwater7183 people want to buy from their own country, but can't afford to. The Chinese, the Americans, we're all exploited for our labor while the rich get richer
Bingo
Middle America cant afford American prices 😂
this is scary
China is willing to play hard ball so get ready for tough times.
We are living in a bizzarro world. D.J. Chump's chaos and disorder
agenda is going to destroy the USA economy and our Democracy!
China is the one hurting right now with millions of young people unemployed. Tens of thousands of Chinese walking 5000 km to get to the US.
Trump doesn’t seem to realize most the world has caught up and aren’t scared to say FU to the USA now. None of these threats of tariffs will go well
They are winding up for another trade war with Trump
Of course why shouldn't they want another trade war with Trump
They already beat him once
That was a symmetrical retaliation, they did not start this...
Newton's law, "for every action there is an equal and opposite reaction"
Adam Smith "The Wealth of Nations" also illustrated the poverty of nations which were little trading activities.
Do you really thing uncle Donny ever took physics?
@@bernardocisneros4402You didn't see what Joe just did to China😂
WELL SAID!
Deep sea bed mining is going to be huge for the gallium lol easy cash out for this
We don't need Chinese materials.
People saying they want American made are too young to remember that a VCR used to cost $1000.
And then five years later it cost $250. What’s your point?
Was it good though?
@@sean2015 proof or it didnt happen
We don’t need VCRs. We need to get off our butts and show some work ethic.
I never seen a vcr cost $1,000 and I'm 48 years old.
People don’t really understand how dependant America is on China
We saw that a little bit during the pandemic as supply chains were shut down. And now we are seeing it again.
And also how most Americans don't know that the US has a lot of debt to China.
And also how most Americans don't know that the US has a lot of debt to China.
@@kylecedrickgraciano9743 no, that part isn't true. US's debt is debt to itself the reserve currency holder. When it comes to trade, us is 100% dependent on China + china now leads in science, engineering, and emerging tech.
It's really sad, we really don't need to depend on them
My industry in Australia had a trade war with China 4 years ago , wages dropped by 50 % and costs went up by 50 % and still have not recovered 4 years later … good luck America playing this game .
Yeah it's called trade for a reason, come to a mutual agreement. Trump is not going to get the Tariff % he promised folks on China. Not happening. China just said touche.
Many of us in America don't want this game.
chinese dont want it either but someone just started it
The reliability on China has to reduce somewhat though
In four years, there may be a new president and all game rules will be revised. Who knows?
Americans impose 100% tariffs on China and do not allow Chinese cars to be sold, but are angry about China's ban on materials🤣🤣🤣🤣
Western hypocrisy at its finest.
We don't need gallium and uranium. Keep it.
@@jordzbuenafe6239”We?”You don’t speak for anyone for shet
@@jordzbuenafe6239 You can only represent yourself.
@@jordzbuenafe6239 I only see you
Where are the others
You guys better pray that China not banning medical supplies to US
With the prices & fees charged at US Hospitals even with insurance, I think people are already praying
no they wont. dont worry
And I know for a fact that's were alot of medical stuff comes from
Bring it on.
That’s how things escalate from trade war to full on war.
China is probably just blocking supplies to make consumer goods like cell phones and such that are more a luxury than anything.
Keep your old computer and circuit boards because they are about to become valuable.
@@N8DZNNow you are saving money 😊
I knew keeping that old Commodore 64 would pay off eventually.
The rich will stock up. Elon musk will buy out bulks and become a trillion air while’s average Americans struggle
I have some old computers.... how/ where can I sell these for parts money? Also isn't the old tech not as valuable?
No there not smh
Weird how a trade war is bad .. yet we just elected someone who is intending on starting one not only with China but also our closest allies. This is a zero sum game, we ALL lose.
It is desperation.
We are now flexing muscle. Watch people fall into line.
@@matthewmosier8439 😂😂😂
Sir I would assume a man of your build would be quite familiar with the current food prices and gas prices for trucks to carry large loads like yourself. You couldn't pick out a coherent president but you think you know so much about the economy idk where your confidence comes from considering ALL the news networks you've listened to for the last 8 years has admittedly lied to your face about everything they've said....or did u miss those episodes? Get a job phatboy and stop watching the view
@@matthewmosier8439EXACTLY!!!
You are delusional if you think corporations are going to wait for costs to increase before gouging consumers. We will see prices go up immediately after tariffs are enacted.
I said the exact same thing lol the only thing they're concerned with is pushing those profit margins.
We are seeing it now
They will have to raise funds ahead of tariffs to pay for the tariffs. So yes, prices will go up even before tariffs
I'm going to do my best not to buy much the next 4 years.
Ok thanks economist 😂
Fun fact you don’t need to buy a new phone every year consumer Americans.
exactly..i dont understand why people need to change phone every year. im still using smartphone from 2020😂
And when it's time to buy a new one why can't it be American made? We're too reliant on other countries.
@@ScottCleve33 guess you weren’t listening. It can be assembled in America but the raw materials are imported. Some of the raw materials aren’t available domestically
We don't have infrastructure in place and that can take decades also it's probably not worth it to companies that are seeking ever rising profits. @@ScottCleve33
No American actually buys a new phone every year or two, they just “lease” it for two years and the wireless provider suckers them into signing another two year lease with an offer of the latest phone.
I’ve had my current phone (an iPhone 11) since September 2020 and it’s still working fine.
Play stupid games. Win stupid prizes.
Prizes*
@far_centrist lol speech to text, thx tho
@@far_centristprices 😂
Prizes , prices 🤔🔍📰📲
The one who played stupid games was Bill Clinton. He was the one who gave China a lot of power and now we are seeing the consequences. Trump needs to do this. It’s not an option for the free world. We must implement a tariff for every Chinese product and also urge the Western world to do the same. It is no longer an option.
Can’t blame China for banning the import of US farming produce. Can we? We impose tariff unilaterally, so what do you expect?
US still think that they can bully everyone. China is the second biggest Economy and the first economy when it comes to PPP. US is played out China can hold the ropes now as well. US cant control China anymore but they keep forgetting that.
China has more tariffs on us then we have on them. It's the same thing with Europe. We don't have free trade when it comes to America sending our good around the world.
@@dannyp4511 thats not true US placed 15.5K sanctions on China more then china has done on the US. and which good are you sending around the world? you produce nothing in the US
@@dannyp4511 ？
Except some materials dont occur on american soil. They have to be imported because we simply werent allocated certain resources by the god or big bang. Whatever created the world deposited certain things in certain places. Maga thinks lithium grows on trees i guess. Your iphone just spawns in the drawer at the apple store. Shipping. Manufacture. Supply chain. Not a thing to them.
A trade war with somebody who owns 90% of your debt is BRILLIANT work!! Faaaaaaannnnnntastic!
Well to be fair we are not going to pay off the debt
Do you think if China invades Taiwan we’re going to pay the debt?
Would we pay the USSR debt during the Cold War?
@@squirrel9760 good to hear an honest response, all we Chinese need to do, is to break such a ponzi scheme, I mean USD and US treasury bond. Wait till you lose the global hegemony
How does China own 90% of our debt when Japan owns more of our debt than China? 🤔 🤦♂️
@@squirrel9760 hey bud... do you realize how much land China owns in the US? Do you realize how many companies China owns AND runs that directly control infrastructure of cities around the country? Do you realize how many commercial buildings China owns in the US? Oh boy..I hate to tell you but they already knew the US mostly likely wont pay the debt. That's why they have been eating us away from the inside. LoL .. wake up man.
Americans don't even understand that American quality is crap. Even firearms owners know which American firearms manufacturer you should not buy from.
Trump is going to finish destroying America through tariffs and maga complains "everything is expensive now"
Found the pro China spy.
"And it's all sleepy Joe's fault!"
This has nothing to do with Trump. This is China's response to the Democrat sanctions on chips to China.
Everything is expensive thanks to Brandon. Trump up the tariff in his first term to CCP and it had ZERO negative effects to the US economy. CCP just depreciate their currency as it is a known country to manipulate its currency value. CCP will again depreciate their currency to offset the tariff again.
I support Trump on most things but I do agree these tariffs are a bad idea.
Very easy to figure out how this will affect you. Whenever you go to the store just look at where the things you are buying are made. Here’s a hint. It’s not in the US
Big ole letters CHINA
@@LuckyMe24-7who's going to be making those chinese products you have?
Oh, then MAGA people would say, look, I told you, we need to bring those manufactures back into the uS!
@@thefourthrabbit9516those guys are delusional 😂😂 we are all gonna get destroyed by their decision, it ain’t fair rabbit it ain’t fair.
@LuckyMe24-7 🤣🤣 I don't shop on Temu
Jobs will never return to the US or for that matter Australia because we both have high labour costs. If production returns to our countries, it will be 100% robotic production.
I've been saying the same thing since the late 80's.
Robots are not ready to replace humans. You need Africans again. But you're closing your borders and electing far right parties 🤔😅
Labor costs are part of business, if you want people to buy your crap you have to pay them enough to afford it.
The cost of labour Should be a legitimate expense but the owners of production wish to minimise their costs and maximise their profit. This is why human labour has out priced itself in the West.
When people lose their financial assistance they’ll be offered low wage jobs. Those that previously were held by immigrants and child labor is already being used in Iowa and Arkansas. Schools will get defunded and kids will have to do something else like work. Welcome to PROJECT 2025 and AGENDA 47
Had a very old co-worker tell me she’s excited for the tariffs on Mexico and I tried to explain to her that we pay those tariffs at the end of the day but she wouldn’t have it. She also said “I’m 65 I know more than you”
Alright hun…when prices go up…don’t look at me. I didn’t vote for that guy.
The US needs to realise this isn't the 90's and early 2000's
The people in the United States
@@harukatakahashi8822Republicans
What is particularly special about the 90s or 00s? 🤔
@@Mr._ModerateThey are not the landlords of the Earth anymore,,,
@@Mr._Moderateeveryone gave em a pass cos we drank the cool aid about rule of law democracy nonsense. Then thr internet came ans everyone saw thru the charade...ironically...social media.
"Trade wars are easy to win", remember?
8 years later, and the US hasn't learned a damn bit.
Let's see if this time around you learn, or at least if the world ends with imperialism...
6 years
Trade war is just the prelude to hot war. Many politicians have said they don't want to live in a world where China is #1.
Biden has continued Trump's trade war, fyi. It's never stopped
So you saying the dems been cleaning up agent orange mess since he life? You dont saaaay?!
China said..."YOU WANNA PLAY ROUGH... HUH?? OKAYY." 😂😂
"SAY ELLO TO MA LIL' FWEND!"
China needs america more than america needs china.
china's economy has been going downhill for a long time.
FAFO
Who cares
🇺🇸 Bring it! 🇺🇸
What comes around goes around. The US didn't look at the bigger picture. We are very dependent on China. We don't have the infrastructure to produce these materials. The US citizens are the ones who are going to pay the price.
China uses a significant portion of its trade surplus to purchase dollar bonds which in turn backs and strengthens the dollar. This is why many economists are trying to edge some kind of positivity but as a whole have advised this is a terrible strategy and has global ramifications
So would you rather us pay the price so that generations after us would be less dependent on them or would you rather us continue to be reliant on a foreign Nation?
@@demetryusmchenry2564a nation that has no reliance on others, is not a succesful nation or an economic powerhouse. Once you have any meaningful amount of trade you are both reliant on each other. Typically this trade stems from improving efficiency, productivity or profit/affordability otherwise it generally doesn't make sense.
There are reasons why many resources aren't harvested within the USA.
@@sickbailey21 I agree but it seems like we're overly reliant matter of fact not even overly reliant more reliant on them more then they are on us I think it should be just like with courting a woman you never want to like her more than she likes you.
@@demetryusmchenry2564 achieving perfect parity with 200 of these types of courting relationships is a complete pipe dream though. Technology and energy access are only increasing the pace at which other countries can grow, which in turn keeps many things in a constant state of change.
And this ladies and gentlemen is how tariffs play out
and this, ladies and gentlemen is how we outsource to another nation and China keeps losing....
We don’t need these stupid phones anyway
@robingaray8321 But obviously you're typing this asinine comment from some sort of an electronic device. The clueless version of covid is astonishing
@@ordonezo1 yet china's economy is running strong. they don't need us.
@@ordonezo1 trump is putting tariffs on everybody so why would those nations not trade with china instead
The global gallium reserves are mainly concentrated in China, the United States, Australia, Canada and Kazakhstan. The following are the reserves of some major countries:
China: reserves are about 190,000 tons, accounting for 68% of the global reserves.
The United States: reserves are about 4,500 tons.
Australia: reserves are about 27,000 tons.
Canada: reserves are about 23,000 tons.
Kazakhstan: reserves are about 21,000 tons.
Gallium is an important strategic metal, widely used in electronics, optoelectronics, semiconductors and other fields. China is the world's largest gallium reserve and producer, accounting for more than 97% of the world's output.
最主要的是镓矿是铝的伴生矿，都是提炼电解铝的副产品，中国在电解铝成本有巨大优势
Who need china when we got taiwan??
@@Ryanlexz Who need taiwan and you when we got China?
@@vastkingsley but who is mining their land to the death to havee this reserve to the point of destroying their environment just to make money?
Only Ghina gon be the only one fight off the robot uprising 😬
No more maga hats
We are living in a bizzarro world. D.J. Chump's chaos and disorder
agenda is going to destroy the USA economy and our Democracy!
no trump themed products, what about all those patents? will ivanka be okay on just her husbands lousy income?
.....this is going to hurt his corporate sponsors.... how's that going to work? oh yeah, blame the left.
😂😂
At least they still got the bibles.
maga hats are made in China too.
I think the US is more dependent on China than China is more dependent on the US. Because China is the world's first industrial country and the only country with all kinds of industrial chains. The US is now a country dominated by finance and top technology. For example, you know that all Apple products are produced in China. China has advantages in processing technology for metal materials such as gallium, germanium, and antimony. In fact, China is a country with strong competitiveness in all fields. China's achievements are not based on plagiarism, but because the Chinese are highly competitive, many Americans and Europeans do not realize this.
Have the citizens of this great country not understand that every action has a reaction? Aren't they human beings too? They're reacting just like any normal person would.
Yes I do
Every action has a reaction
With that reaction comes consequences
I understand that very well.
@@RobertColyer-co1nuaka trade war
This is the problem with Trump and his people, they insist on playing half court tennis. They act as though everything that they do happens in a vacuum and therefore it's genius. When in reality Democrats don't start trade wars because trade wars don't help anyone, in fact, they cause countries to become less connected and in turn more likely to be hostile towards each other. Our dependency on Chinese goods and their dependency on our market is the reason why we have not gone to war with China for so long. International free trade equals a lower likelihood of large-scale peer-to-peer warfare. Isolationism like make America great again or America first, will only lead to more hostilities and higher prices for everyone.
A first-year economic student would understand this, unfortunately, we've elected an 80-year-old stubborn foolish, narcissistic idiot.
My mind is not supporting America because, they are not honest at all, in all manner, they do distroy any county for their own interest, and playing with humanity, they only can sell weapons, to sell they make wars, to make war they use any country to distroy other country by offering support making some gud money through weapons sales, about china, as per me as an Indian we hade some border issue with them that also created by westerns, history says, but its getting over through brics, if we united with china then the western countrys cannot dominant us that easily, wish de dolor, wish multipolar system in the world
I wonder if he''ll say They're eating the Dogs, they're eating the Cats??
Let the games begin - hope you like what you elected America!
Would never change my vote. This is great news for America 🇺🇸
AMERICA WILL PAY THE PRICE!
@@EdithDolder-ws1xq 😂😂
Darn our electronics are going to be more expensive… oh no what will I do? I’d rather have my groceries price a little better.
@@chriszackery2402 you sound like a kid... This is only one part of a potentially huge fall out...
America…YOU VOTED FOR THIS.
Better than kh,blame to war
Nah both sides were doing this so don't matter who you voted for.
@@CrzyD-cv8xz both sides bs, this is a Trump idea.
You know that Joe Biden is still POTUS until Trump is sworn in. This situation is under Biden whom is concerned about pardoning Hunter.
Speak for yourself. I didn't.
China has banned exports of gallium, germanium, and antimony. All three of the materials are important for the electronics industry.
Antimony is also critical for military and used to make bullets, night goggles, explosives, flares, missiles, and nuclear weapons. China is the biggest producer of antimony and Russia is the second biggest. The usa has a tiny amount compared to them, with reserves estimated to only last for 2 years if they continue to consume antimony at the rate they do. They have not a single antimony mine to extract the antimony, though one is planned to be created by the year’s end.
The us ally with the largest antimony reserve is Australia, with a measly 9%. China (32%) and russia (23%) aren’t really fans of giving the usa antimony, and bolivia (21%) may or may not. Bolivia did throw out a us diplomat in 2008 for “treating them like a banana republic”, have opposed us foreign policy, considers their treatment of Venezualans as xenophobic, and are brics aligned, but they didn’t say yet that they are opposed to trading with the usa.
The usa is, obviously, much less efficient at manufacturing than China, with China able to output massive amounts due to their advancements in factory ai and factory technology as well as due to their fast transport of goods. China also has the largest military in the world.
The usa outsources weapon production to companies like lockheed martin and boeing, and those companies charge a large markup to the military for the weapons. They make a lot of profit and have high earnings because the government pays them a lot. Boeing is heavily dependent on chinese parts, and one time they got fake titanium from a chinese company, causing their jets to break down. In contrast, Chinese military is sourced from state owned businesses like norinco, meaning the government gets the weapons for free, only the cost of labor and materials, because the government owns the manufacturer. Of course, if the government gets it for free (as in no markup), then norinco doesn’t make as much profit as lockheed, but because they sell weapons to Pakistan, Venezuela, and others, they are still profitable.
Anyways, after years of building military bases everywhere, needlessly fueling wars, staging coups left and right, and other aggressive actions, America has finally poked a bear. Tread carefully.
Too bad Trump wants to add tariffs to canada who has all the minerals and raw materials China was supplying.
😂😂 .. China owns most Canadian resources ..
Fun Fact .. China had been selling the US debt and buying gold to leverage the yuen
@philipsimmonds1103 i think china owns some of the largest food producers in America too.
@@philipsimmonds1103Canada has been making it hard for Chinese companies in Canada
With that said in many cases even Canada does not have or have enough of that resource
And we sure don’t have the technology or the patents on that technology to refine those metals/minerals etc
@@philipsimmonds1103facts! Trudeau has been quietly encouraging and evening funding the sales of our natural resources to the Chinese
@FAFOrednickinsell Not a fkn chance .. 2000 to huaweii fiasco,, china was investing massive amounts .. they are now pulling the plug .. just like they are in the States .. because they own the resources manufacturing logistics supply chain.. it's game over .. canada/US option is white label, and even that will disappear by 2030
bring back manufacturing? anyone willing to be paid $ 8 an hour to do hard labor job?
My best offer: $1 per hour.
@@junaidisalam5718 That part Trump does not get!
Republicans don't get the obvious.
.50 per hr
in china，it is 3USD an hour
FAFO This is what almost half the country voted for and Elon designed the algorithm. We’re all in for one hell of a ride buckle up.
Lol CCP's MSS brainless bot comment.
Do you like your lithium with child labor or without?
Oh yeah these last four years were what?
No ride involved, folks. Just quiet misery.
@@KryptonArcherOh yes. Your biggest lithium trading partner, known for their child labour. My country, Australia.
From what the US has been doing to China through "policy", China is finally fighting back, which they have been extremely patient about. US is not trying to de-escalate, they constantly trying to escalate the situation in which they ground others into the ground over time with rules and laws that hurt the people.
China telling trump to FO
UK telling trump to FO
Canada telling trump to FO
Mexico telling trump to FO
Scotland telling trump to FO....
...the list will grow!
Add France to the list after Trump nominated Charles Kushner to be the French Ambassador 🙃.
Essentially all of NATO and BRICS plus Mexico.
Essentially all of NATO and BRICS plus Mexico.
The uneducated voted for this!!!! Let them FAFO!
If only our feeble government would tell him to FO!
Globalization, international business and simple economic knowledge are a must for a US president.
He must know . I mean I am not bussinesman like he is and i know these things . Also , well he has advisors .
Hes a billionaire, surrounded by other billionaires including the richest man in the world...
Apparently it is not. Sad.
@@m.d.sharpe8892 So? Does that make them qualified to perform open-heart surgery on you? Why does being rich qualify someone to be President?
@@m.d.sharpe8892So what's your point? Rich means not educated or smart eh?
It was never about expensive eggs or gas because we Americans spent billions during Black Friday shopping for the holidays. It was about hating people who look different or live their lives differently.
Cope
Exactly.
@@PsychonautSaiyan Stop projecting.
So whats your point
We spent billions because of inflation 😂
Wake up people....we all need each other in this world!💯😤
America is going to find out just how much the second biggest economy can do
they're really the biggest economy. they're only 2nd when their economy is converted to inflated dollars...
Do you really think that China is in second place? LOL SMH You really need to do your research and change your social media searches! Respectfully speaking! It's definitely not what you say or think!
You're the one who needs to do research. China has surpassed US in lots of things and is the second biggest economy. This is what US experts say.@ms.reonalove9408
@ms.reonalove9408 sure 😂
@@ms.reonalove9408no matter what, china has the total value and scale of manufacturing industry more than the combination of G7 countries plus india😂.
the U.S. cost of labour is at least 10 folds of developing countries if not more. Manufacturing job will never go back to the States. Just No one can afford that.
美国需要一场革命来恢复活力, 但没有任何人能指导和团结美国人. 数十年的资本洗脑彻底撕碎了美国社会价值观.
革命也意味着可怕的牺牲, 并且庞大的债务并不会因此消失, 所有人都会望而却步, 这看起来是一个文明走到了尽头.
That's because of the strength of your currency.
The key to bringing the manufacturing back is not tariffs but devaluation. Your government has known this since Obama.
Why not doing it? Ask billionaires who put presidents on the chair?
That's a good thing. And why are you ok under paying someone in a developing country? Why are you ok with jobs leaving? Not everyone can work in sales.
believe me they can afford it ,with those CEO's salaries, bonuses, stock buybacks, government subsidies, tax cuts...; corporations will always find ways to waste billions of dollars before raising wages or let their workers create class consciousness and freely unionize. Yes there is enough money but as Fisher said "t is easier to imagine an end to the world than an end to capitalism".
The only way to make manufacturing cheap in a post industrial country like the states is to automate most things and require most individuals to have oversight jobs. It's one of the few ways to decrease the labor cost and increase production. Only key places would have human works doing hard labor.
That's one reason why education is so important, there is no way we can create jobs mostly for highly educated workers if most of us are not highly educated.
China politics is more reasonable than the American. Even though I don't agree with everything going on in China, I still maintain a lot of respect for them. The problem with America is their arrogance and lack of respect. With proper negotiation, I believe the two can reach an agreement that will benefit all.
During late Gorbachev to early Putin era, USSR/Russia showed a lot of good will and effort hoping to be closer to US/Europe. But US/Europe responded with cold shoulders and measures of isolation. On top of that, the NATO kept expanding eastward even though they promised not to and that eventually lead to war in Crimea and now Ukraine. For China, there were couple years of honey moon period when Nixon was president, but other than that, China was under constant embargo from US ever since CCP took power in 1949. To give a few examples, China was banned from participating Space Station program, kicked out from European Galileo GPS program ('suggested' by the US), US bombed Chinese Embassy in Yugoslavia in 1999, killing 3 journalists in the process. The relationship between countries are like two people in a relationship, it's hard to move forward when there's pattern of 'abuse' for decades. I don't see the situation improves any time soon, certainly won't happen under Trump administration.
not true, people in china have zero freedom, ccp is cruel
😅😅you lost
@@yellowcode2011 Improvements will definitely be made when Trump is back, his foreign policy was much more effective than Joe Lieden’s and Obomber’s
@@SiLoMixMasterTrump is a Toddler so you’re wrong!
Many people who think they got what they wanted are about to find out unfortunately the rest of us have to pay the price as well
I would like to see Canada enter into trade agreements that are independent of the US. We shouldn't have to be affected so badly by American shenanigans.
💯
Canada could join BRICS.
@@kpokpojiji ok, but Canada first have to apologize to India。
@@kpokpojiji , no. I'm thinking a separate trade and mobility treaty with Mexico that allows us to bypass the US. We'd be shipping food instead of driving it all over the continent but that could be a net benefit for both our countries.
@@srappytrex3946 Not going to happen.
Prices will keep going up. What a concept.
Yep, and there is more inflation since US keep printing all the money every years.
Saw that coming
When parents argue... it is the children that suffer. 😮
Is he your daddy? Lol 😂 couldn't help it.
@phil20_20 😅
In this case it's an abusive spouse and the other is not taking it anymore.
@pinotnoir3654 😅
They aren’t moving away from the global perspective they are just moving away from an American perspective
As an American citizen, I fell ashamed. Instead of free trade, we ban when can’t compete. Disgusting
You should feel ashamed you cant complete correct sentences in the only language you speak.
Can’t compete with what exactly? Our companies would dominate china if they played fair.
@@brandonderrick006 like having those companies have 100% power over their sovereignty?
@@PipinoExcalibur I have no idea what you’re saying lol
@@brandonderrick006apparently, the opposite is true.
Here it comes. Here's where Americans discover that the're not the bigliest big badass of the planet without their interconnection to a host of partners.
Americans are always #1 always in the Right always the most powerful always the richest and everybody else better listen OR ELSE!! 😂😂
@@kevinyoshida3586 🤣🤣🤣🤣🤣🤣🤣GREAT JOKE!
🤣🤣🤣🤣🤣🤣
@@xlv1000-dlw gotta love how they invent the n bomb drop 2 n bombs but now it's NO! NO NO NO! We don't use that word that's a very dangerous nasty word! Very nasty!😱
America is anti-competitive.
Not even in office and already losing a trade war.
Freaking wild it’s about to be bad, but Americans wanted other people who are different to have their lives destroyed
What do you mean? I've never lost *ANYTHING.* Not a court case, baby fat or baby teeth! It's impossible for me to lose because I'm a very stable genius!
MAGA! covfefe
This is retaliation based on the Biden administration restricting the export of AI chips to China, which was announced yesterday.
Your a miserable person. Your probably the same person that said the economy would never come back after COVID because of trump and look at us now.
@@Dlondon12m the economy still isnt back
When u depend on China too much instead of making your own stuffs. U.S. should start producing their own materials. Plus U.S. makes the quality stuffs.
Cool. Are we winning yet?
Yes. Consumerism is dying.
Losing
@@Chad_Max People are impulse buying because 1) Christmas is coming 2) Buy everything important before trump comes into power and enforces the tariffs.
Uncle scam has met his match
@@noahhamilton1026 who is uncle scam
America cant compete in an open market anymore due to several factors. Protectionism is short lived before the implosion. The U.S. will be the U.K. in about 10-15 years.
June 17, 1930 - Hawley-Smoot Tariffs - Did no one learn history in school!? It didn’t work then, and it’s not going to work now.
Magas can barely remember what happened last week
Of course it didn’t work because the unconstitutional federal reserve undermined the tariffs with its fiscal policies.
It actually does work cuz this isn't 1930 and china aint the only one.
Anyone, anyone?
@@adamcasas6519 I’m not sure the soybean farmers would agree with you. During Trump’s first administration, they were hurt when China retaliated against his 10-25% tariffs on $200B worth of Chinese goods, baby tariffs in comparison with what he’s talking about today. The farmers could no longer sell their soybeans, and, to make matters worse, the US government had to bail them out.
Prices are up sky high.Before the 1970s we use to make everything and America.And Americans lived great. Americans used to be able to work at a factory and support a family of five.
Don't want any tradewars and prices to go up as a consumer. We can't afford these games where only the rich will benefit. It's a global economy and we need to work together.
As a Chinese, I really appreciate that US imposed chip embargo on China. This made all companies in chip industry united as much tighter ever and made progress everyday.
It has been 5 years since the US began to impose chip embargo on China. China's semiconductor exports have increased from almost 0 5 years ago to nearly 1 trillion RMB this year. The US chip embargo bill has played an indispensable role in this. 👍👍👍
Yeah, Huawei owes Trump a giant medal, they've turned from a chip importer into a chip maker, can't imagine that would happen without Trump's love 🤣
Magazine has arrived. 5 more years.
Cool. Can y’all not supply mexico with chemicals to make drugs?
As an American, I really appreciate that you're using a VPN to bypass your self-imposed censorship to write a comment in English on a US app to tell us how "good" you are doing 🤣
@ China is not supplying weapons used in Palestine. AIPAC is doing worse things than China.
People forget we cant grow every crop, we cant mine every material, we litterally cant. I cant believe the ignorance of others 😭
Technically we Americans can but our corporate overlords would rather become trillionaires than pay Americans decent wages
Here go, raise the prices again 🙄
I'm not sure if American companies are enough, because I seriously doubt international companies investing in the USA the path they're heading. I mean Chinese, Mexican, European, why bother trying to invest in a country that changes in a whim. I believe that, as hard as it seems, other countries will pull away from the USA.
It's sort of inevitable. America came out of WWII unscathed and capitalized on the economic vacuum. A couple of generations later, foolish people believe Murica is the land of divine providence because they don't understand cause & effect. That's what happens when we prioritize football stadiums over education.
Why do you need other countries. You guys have over $300 million ppl figure it out !
We don't need other countries. The USA needs to stop giving out our BILLION of tax dollars and use it for the US
Can you read? He never said we needed them. He said they would pull away slow one.
@@dankirk6452 I'm not sure what you expected me to read. Anyway, I remember the last time there was a supply change disruption the world kinda went to hell.
It is sad how much the US has become such a consumer nation. We have blurred the line between what we want vs what we need.
I don't know. As a truck driver, I think you would be surprised by how much we produce. The USA didn't become and remain the richest country in the world by doing nothing.
@@bryawnpI think the comment is referring to how much we consume, not produce. America does produce a lot, but not enough to cover all bases, and definitely not enough to cover over consumption habits.
We produce a lot of oil and produce. We just don't have cheap labor to produce other stuff
@bryawnp once USD falls, you won't be. 😂
Well done China 👍
25th like
This is why America needs its own supply chain. America is to dependent on foreign countries for essential needs. Trump understands this, I dont understand how the media doesnt
Prices surging, business having “pre-tariff” sales, and now this. People f’d around and voted for Trump and will now be finding out. Remember, this is your own fault
remmber ppl saying how thing will better with trump around
And it starts. Cost for phones, tvs, consoles and other major electronics will triple. Imagine, “Get the brand new iPhone XX for $5,999 + Tax. Pay in 4 accepted.”
You really aren't all there. No that will not happen. Cope harder though. It's hilarious.
@@Brisco_County_Jr it would happen. do you even know that your iphone is made in China, chips and parts? Tesla, auto parts, 90% of the electronic products, 100% of lighting products, metal ware products, technologies and many more are all made in China. Even your clothes and furnitures are designed AND made in China. do you know that? Without the, we have NOTHING or we have minimal with sky high amount of cost. you know that right?
Even some medication and alot of medical props/tools are made in China..... please think.
@@Brisco_County_Jr we'll see, won't we
No your iphone will not cost that much. Apple is already making iphones in India(around 20 percent at present) and planning to shift more production to India for this exact scenario. The labor cost is pretty much same for apple in both countries.
@@abhishekpandey3244 Guess where all the IPHONE parts are made
trade war is like real war, nobody wins, except some politicians.
Civilians suffer the most on both sides, even the eventual winning side.
Nobody wins
Nobody hears us fall
Nobody wins
When it's done
Conspiracy of one
trade war is easy to win
@@林旭-b7k Mexico 🤝 China
Complete dependence on China for anything is incredibly dangerous.
Mass deportations & international trade wars is how we gonna get cheaper eggs - BRILLIANT 🤦♀️
No way there will be cheaper eggs as well 😅
We import a lot of food
@@edd868We export way more food than we import..
@@MrYabber That's not what the data from the Department of Agriculture shows. It's even worse when you take into account how much of the exports are fed to livestock while the imports are human food like tropical fruits.
@@Gabriel-hy8be fruit is the main food that the US imports. Outside of some fruits and coffee beans the US is self-sufficient in our food supplies.
Self-sufficiency
The US is a major exporter of food, and in 2016, almost 90% of the food and drinks consumed in the country were produced domestically. The US is also a major exporter of maize and wheat, accounting for around 53% and 23% of the world's exports, respectively
When they do the same thing America is doing, Americans get mad and call it unfair😂😂😂😂
Bully mentality.😂😂😂
Point to me where in the video the broadcasters said that, or where someone in the comment section said "unfair."
Yes when the Bully gets bullied 😂😂
Now we will see who wants to work for $1.50 an hour like those in china.
中国除了扫大街的，可没有这么便宜的工作😅
However, China‘s purchasing power parity is higher than that of the US dollar, not just because of the exchange rate.
China is keeping its cost low these days mainly because its successful transition into AI and automation. Besides, the cost of living is also low in China, so living standards are better in China than in the states for the factory workers. Your understanding of China is an outdated version from 20years ago.
冷知识1：中国的人均机器人使用率高于美国。
冷知识2: 中国没有流浪汉。
冷知识3: 中国房屋自有率超过90%
❤❤❤@@统一台湾-l2n
US: No bread for you
China: No flour for you
Cold.
With our minimum wages in North America, there will never be affordable goods made in America.
I worked at Lowe's for ten years. I helped people decide on getting window coverings. We had our house brand and the other brand, Levelor, made in Mexico. I explained the difference (Levelor had more size options) and people freaked out at the cost of Levelor. I tried to explain Levelor would cost even more if made in the U.S., but I'm sure it went in one ear and out the other. If you have to pay $7.25 an hour to have something made in the U.S. and maybe $3.00 somewhere else, the cost of higher labor has to be taken into consideration. People want it cheap. That will never happen in the U.S. I just wish more people understood basic economics.
Why don't CEO cut their salaries.
@ why don’t you stop dreaming
Don't worry, you can dress yourself from head to toe in Trump-ware, made in the USA, for as cheap as $577.
All profits go to people in need, of course. Oh wait, correction. It all goes to Trump.
China earns less than three dollars an hour😂
You play stupid game, you get stupid prize.
FAFO.
We'll find out that not having barges full of stuff you don't need chugging diesel across the pacific ocean is actually beneficial to the planet.
@@BobUrhead-r8voh so now you’re all climate activists? 😂😂😂 how do you feel about removing green energy and relying more on fossil fuels?
@@BobUrhead-r8v Gallium is a wide gap semiconductor that's used in almost all microchips. It's essential in almost everything electronic.
@@posthocprior Do you think in the US we need to consume less? When does that start exactly? Now, 15 years, when?
Trump will fix everything 💯💯💯
It’s time for America to start producing these items to make up the loss!
Nobody wins a trade war. However, one side can withstand more pain and has more discipline than the other, that side can outlast the other.
Attrition strategy between Great powers through trade war is not effective
As Trump plans to alienate no just one trade partner but many those others can look to alternate trade. China will do better than the US. Expect more trade between China, Mexico and Canada. Canada, Mexico and Europe.
China has trade surpluses each year so they can afford to stimulate their economy whereas u.s only relies on printing money and piling on debt so it's pretty obvious who can outlast who
It's not a trade war it's a race to AGI between China and the US.
@@catejordan7244 and with the emergence of BRICS they are already becoming less reliant on the US. China's imports of soybean from the US has dropped from 40% to 18% while Brazils share has grown from 46% to 76%. The food self sufficiency rate for BRICS is 95% and projected to rise to 100% by 2030.
The next four years are going to be catastrophic 😢
Just rememer, Arnold (Schwarzenegger, not Palmer) survived the "Predator". We will live through this!
@@phil20_20 Arnold was most likely illegal for a period due to visa issues.
@@phil20_20WTF?
Americans with these fantasy mindsets.
You haven't been living in the US as an average citizen for the last 4 years, have you?
@@hornetc5585 I have. It has been fine. We fared better than every other country. Unemployment is low. Inflation sucks, but also wasn't as bad as everyone was whining about while justifying voting for someone that's talking about policies that will make inflation skyrocket.
Everything I buy in America here is made in china or sourced from them, we need china!
American companies are paying pennies on the dollar for cheap labor, that’s how this started cause our companies didn’t want to pay!
This is exactly how THE RICH GET RICHER EVERY YEAR. Off the backs of cheap labor. This is how america is rich in general off of the sweat and tears of others and we are entitled asf as consumers. Mf is trying to bring us back to reality but folks don’t want it.
Correct! It was the greed of Western companies in offshoring their manufacturing to cut costs that enabled China to be the factory for the world. Western jobs and standard of living lost and China becomes the superpower. We did this to ourselves.
We don’t need China.
Walmart will no longer be cheap for the trailer and Appalachia set
Actually it started cause the one that did couldn't afford it. The history goes back in the middle 80s so it wasn't that long ago when everything was mainly made in the u.s.a
Sad how reliant we've on Chinese imports we can make our own products and also buy more from other countries that makes the same products
Who knew actions have consequences 😢
But, but Kamala isn't black..
😂😂😂😂
And hunters laptop, I think there is some germanium in there
She doesn't even know what she is!!...most of Americans know......FAKE!
She's half Jamaican
@@Diesel-ER899 didn't know Jamaican was a race...
I know it’s wild but this is what war looks like right now.
‘Huge losses’: Sweden fears for future of batterymaker Northvolt A battery factory with an investment of 90 billion US dollars can only produce 52 batteries per year. How much capital do Western countries have to continue playing this money burning game
This is gonna be a long 4 years. Sheesh!
More than that. He never pays a real price.
America: Tariffs 📈 inflation 📈
The Biden administration put sanctions on the chinese chip industry. It's not because of tariffs that are nonexistent YET.
True, but also, National Debt causes inflation as much as anything. Every President since Clinton has been jacking us for political points while they mortgage away our future prosperity.
National Debt 📈 Inflation 📈
@phil20_20 Everyone says thank Trump for this when the Biden administration put the strict sanctions on Chinas chip trade this year.
We know who caused the inflation, and they are leaving soon thank God
The Orange man isn’t in the White House yet and he’s F’n things up already 😂
Did you expect something different? Trump is a clown.
Biden blamed it all on Trump.
I guess you've been in a coma the past 4 years, ill get you up to speed, under democrats the usa and russia are closer to ww3 than ever before, russia and ukraine are at war, israel and ukraine are at war, and china is soon taking taiwan, welcome back.
This is about a bill that Biden signed. You are idiots lol
Really but in just 4 short years 1/3 of our debt came from your president sleepy Jo and Kamala Harris so say what you will numbers don't lie
The US needs to be more involved in production again. Our economy can't keep going on depending on the service industry. We're falling behind the rest of the globe.
Instead of investing in college education that produces more graduates than we have jobs for we need to invest in our manufacturing industries. We need to help industries jump start into replacing foreign made goods.
American still thinks we are in 20th century 😂
So another words the United States should abandon the Constitution/ Law of the Land?
Good luck with constitution now 👍
@@aleksandarnedeljkovic8104 it is either the Constitution or slavery/ death ? Make the choice?
18th century actually
@@aleksandarnedeljkovic8104 explain more?
A not-well-known data:
China GDP per capita is 13,000 compared to USA 80,000
5% of $13,000 isn’t mind blowing.
@@Josh-p8e their cost of living is also lower , there is no inflation and their national debt is lower.
@@Josh-p8e (1) GDP (purchasing power parity) is viewed as a better measurement to show a real economy. GDP (PPP) listed by Wikipedia shows that China is higher than US. (2) The total GDP shows the size of the domestic market. Other countries want to have economic tie with the countries with highest GDPs. When China has higher GDP than US, the entire world will value China as a more important economic partner than US. Therefore, 5% is mind blowing.
US can get products from anywhere in the world. It's 2024 and the economy is global today.
@@Josh-p8etake note. large part of the US GDP are from financial and services industries
China said "Let's play ball" LMAO 🤣🤣🤣I'll be going to buy a TV this weekend lol
smart guy
Do it soon tariffs are coming.
Should have bought on Black Friday
Prices are already starting to climb, just because of Trumps rhetoric of what he's going to do to all these trade partners before he even gets into office
before Zenith TVs at Goodwill is $10,000
You're going to be buying another one after it fails.. planned obsolescence
What do you expect when you keep bullying and shouting at some one?
Sad, loss-loss situation, the consumers lose the greatest 😢
Trump menginginkan uang anda atas nama China 😂😂
Yeah I'm gonna be sad when my $1000 iPhone costs $1020 because of this lol.
@@jamesd5532 You do realize he wants blanket tariffs, and that will affect the price of other things right? Not just electronics
Good, a blabbering big mouth has consequences.
First Mexico, Canada & now China 😮💨😮💨😮💨 oh this is gonna be interesting
First was America. Our currency will control all the power as it always has
😅
UK is not happy too.... but it is ok to mess with them. but messing with China is like biting yourself in your own hand...
@@brandonderrick006all empires fall...that's a fact too...don't be so arrogant...
Canada has reserves but we want to charge tariffs to Canada too. Soooo I’m guess we’re going back to landlines or something? Everyone needs to do what all the rich people are planning with this game. Wait for the market to tank. Buy up a bunch of stock and wait for the market to recover. That’s all we can do at this point.
Don't worry folks Trump will jack this up too.
The worse it gets, the more idiots smile.
who is he going to blame this on?
@@nitajean9885 bet he won’t take any responsibility. Lol everyone else’s fault, not his .
Lol, how, blaming Mexico and Canada again?😂😂😂 or maybe for this one it would be better to blame European Union, as they are also US allies Lol.
@@nitajean9885 it's the fault of the entire U.S. government for allowing any part of our military supply line dependent on China.
You guys have any idea how much a t- shirt will cost if is made in the USA
Move to China the
Do you have any idea there are other countries in the world which can produce things cheaply like china without being a security threat to America?
Why don't you open a t-shirt company and sell them for cheap then?
@@beetlewilson2000 oh I do , but apparently our politicians still think is a great idea to do business with China 🇨🇳
@@Gr8Incarnate in the USA would be impossible
It begins - just wait until trump gets started with his tariffs - the tax on the common working class will rally hit us all.
The Trump tax, and Americans were dumb enough to think that taxes were being lowered; well think again!
提高关税，物价上升，美国居民的消费成本提高，应该抗议川普搞关税战
Why are we imposing more tariffs on China when China has not paid and has refused to pay the tariffs back during the George Bush, Obama, Trump , Biden, and upcoming Trump eras? I understand that maybe we need their merchandise for our economy but we also need their money to help us which one is more important their money or the economy? They are using other countries to avoid paying our tariffs. We know this yet we are still continuing to do business with them? While China continues to make money, build astronomical structures and grow economically and financially our country cannot do that. Their country has money to do these things but we don't because they refuse to pay their tariffs along with other countries not paying either. How can they build things so cheaply over there and use their employees and "made in China" slogan and things are cheap to purchase in their own country but we can't do the "Made in America" slogan and make things cheap for our own people.