Stalin
Well-Known Member
- Joined
- Apr 4, 2008
- Messages
- 3,264
If you view everything that the actively senile frump does as a shakedown for him and his slimy tribe, then you have a pretty good grip on reality...
what do you call a man who stays up half the night texting rubbish...
On Friday, President Donald Trump delivered a blistering attack on China accusing Beijing of breaking the terms of an agreement that was consummated just weeks earlier in Switzerland. Here’s what Trump posted on his Truth Social site on May 30, 2025:
Ignoring the fact that China is in no economic trouble at all (Note: China’s GDP grew by 5.4% in the first quarter of 2025 while Chinese exports soared by more than 12% in March 2025), there are a number of things wrong with Trump’s statement, the most obvious of which is that there is no formal treaty or binding contract between the Trump administration and China on the Tariffs issue. None. Trump even admitted as much on Truth Social on May 10 and 11, when he said, “much agreed to,” though he highlighted the need to “paper it” or formalize it in writing.
What happened is this: China generously offered to sign a joint statement following the confab in Geneva where Treasury Secretary Scott Bessent barged-in on a pre-scheduled meeting between Chinese and Swiss officials (that had nothing to do with US trade policy) and offered to slash Trump’s gigantic tariffs (to 30%) in exchange for nothing. (Bessent was obviously panicking over extreme market volatility on Wall Street and capitulated on the spot.) China made no concessions. Bessent basically put on sackcloth and ashes and publicly debased himself in front of the world for nothing. The only thing that was mutually agreed upon was “to establish a US-China trade consultation mechanism”. In other words, they agree to talk to each other in the future. Big deal.
And now Trump is saying China “has totally violated its agreement with us”?
What agreement, and what ‘violation’ is Trump talking about? No one even knows what he means??
more frumpian derangement at https://www.unz.com/mwhitney/trump-orders-china-to-open-up-to-wall-street-looting/
comrade stalin
moscow
what do you call a man who stays up half the night texting rubbish...
On Friday, President Donald Trump delivered a blistering attack on China accusing Beijing of breaking the terms of an agreement that was consummated just weeks earlier in Switzerland. Here’s what Trump posted on his Truth Social site on May 30, 2025:
Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them. Many factories closed and there was, to put it mildly, “civil unrest.” I saw what was happening and didn’t like it, for them, not for us. I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY! Donald J. Trump@realDonaldTrump
Ignoring the fact that China is in no economic trouble at all (Note: China’s GDP grew by 5.4% in the first quarter of 2025 while Chinese exports soared by more than 12% in March 2025), there are a number of things wrong with Trump’s statement, the most obvious of which is that there is no formal treaty or binding contract between the Trump administration and China on the Tariffs issue. None. Trump even admitted as much on Truth Social on May 10 and 11, when he said, “much agreed to,” though he highlighted the need to “paper it” or formalize it in writing.
What happened is this: China generously offered to sign a joint statement following the confab in Geneva where Treasury Secretary Scott Bessent barged-in on a pre-scheduled meeting between Chinese and Swiss officials (that had nothing to do with US trade policy) and offered to slash Trump’s gigantic tariffs (to 30%) in exchange for nothing. (Bessent was obviously panicking over extreme market volatility on Wall Street and capitulated on the spot.) China made no concessions. Bessent basically put on sackcloth and ashes and publicly debased himself in front of the world for nothing. The only thing that was mutually agreed upon was “to establish a US-China trade consultation mechanism”. In other words, they agree to talk to each other in the future. Big deal.
And now Trump is saying China “has totally violated its agreement with us”?
What agreement, and what ‘violation’ is Trump talking about? No one even knows what he means??
more frumpian derangement at https://www.unz.com/mwhitney/trump-orders-china-to-open-up-to-wall-street-looting/
comrade stalin
moscow
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