patrick.net

well yeah, more profit. Trump cucked on almost all tariffs.

China cucked. It was China that offered the meeting.

It's not China who blinked here, bud.

Reciprocal tariffs aren’t blinking or cucking.

Eric Holder says

It's not China who blinked here, bud.

The deal means “reciprocal” tariffs between both countries will be cut from 125% to 10%. The U.S.′ 20% duties on Chinese imports relating to fentanyl will remain in place, meaning total tariffs on China stand at 30%.
https://www.cnbc.com/2025/05/12/us-and-china-agree-to-slash-tariffs-for-90-days.html

10% for us, 30% for CHYna. Who cucked again?

At 3,369.24, CHYna's Shanghai Stock Exchange has been flat for a decade. Very sad. CCP is desperate not to have more workers seizing and selling machinery because they haven't been paid in months.

https://ground.news/article/dow-adds-1-100-points-s-and-p-500-up-3-after-the-us-and-china-slash-tariffs_3d7f5d

The United States and China agreed on a 90-day truce on May 12, 2025, halting most tariffs in their ongoing trade conflict.

This pause followed weekend negotiations in Geneva and aims to reduce high tariffs that had escalated since April 2, 2025, amid economic concerns.

The U.S. Will lower tariffs on Chinese goods from up to 145% to 30%, while China will reduce its tariffs on U.S. Goods from 125% to 10%.

Investor confidence surged as the Dow Jones Industrial Average increased by approximately 1,160 points , the S&P 500 advanced 3.3%, and the Nasdaq index climbed 4.3%.

Trump pretty much surrendered most external revenue concept.

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Yesterday was another +8% day for Amazon stock.

I wonder what will come out of this 90 day period with China-USA trade.

Maybe Trump will fight for table scraps and reduce the trade deficit from around $900 billion in 2024 to $800 billion in 2025.

Every action seems like damage control as if Trump is trying to salvage a sinking ship left by Birdbrain Biden, and trying to make changes that a Democrat successor would not want to reverse to appeal to their globalist and AntiFa base.

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it does seem like salvage. he tried tariff, markets panicked. so he panicked and cut most of it off.

atm it’s a fixed system of wall street vs main street, wall street is winning big. main street in the shitter.

Fortwaye says

it does seem like salvage. he tried tariff, markets panicked. so he panicked and cut most of it off.

atm it’s a fixed system of wall street vs main street, wall street is winning big. main street in the shitter.

On paper (unless the Chicoms cheat), it seems Trump won as there is a 30% tariff on Chinese imports versus a 10% tariff on American goods that China imports.

How much of the economy was propped up with Birdbrain Biden-style spending such as funding from EPA, USAID, etc going to NGO's and non profits in the USA ? Biden's fiscal year 2023 and 2024 deficits were $1.65 trillion and $1.9 trillion, respectively.

But who is buying calls on Amazon based on insider information given these +8% intraday rallies ?

As far as "main street" at least I'm seeing rents steady and remain around 2021 levels for 3 bedroom townhomes in Panama City Beach.

Egg's are now around 30 cents each versus when they were 50 cents each last December. Gas prices have steadied also.

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"Stocks up, cocks up."
It really blows my mind sometimes, but what the hell; "In for a penny, in for a pound."
I'm balls to the wall stocks, and I'm Medicare age.

Don't wait to be old to spend your money and have fun; lately I have been waking up to a strange new pain somewhere and it can fuck up your plans for the day.

Prince Harry rides again.

Besset flat out said: The goal is to be strategic and get certain industries back to the USA, and that COVID exposed our dependency on supply chains.

Efficiency <------> Robust

clambo says

"Stocks up, cocks up."

The top 10% of American households own about 94% of the stock market. How does that translate to main street ?

The top 10% can come in and buy a house with cash and do not give a shit about mortgage rates and as much about HO3 property insurance going up.

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AD, main street of course doesn't care about the stock market.
Only about 50% of people have any investments of any kind.

I remember when Clinton was president, and they proposed a new tax on annuities; "We found that only the rich own them anyway." Translation: to liberals, having any money makes you "deserve" new taxes.
Edit: Clinton succeeded and got another tax on annuities.

China's attempt to fake the COO failed; Malaysian and Vietnamese manufacturers panicked lest they be schlonged by a Trump's big fat tariff retaliation. Xi's charm tour of SE Asia to try to create an anti-US tariff block failed, he was politely received and went home with nothing but glittering generalities.

Then Xi begged the US to meet him in Switzerland; to save face it was billed as a coincidence. In reality China is in deep shit. And still is.

clambo says

I remember when Clinton was president, and they proposed a new tax on annuities; "We found that only the rich own them anyway." Translation: to liberals, having any money makes you "deserve" new taxes.

Yep, Clinton also proposed a tax on paid-off houses, as if not paying rent or mortgage is somehow income.

AD says

On paper (unless the Chicoms cheat), it seems Trump won as there is a 30% tariff on Chinese imports versus a 10% tariff on American goods that China imports.

You do realize that Trump completely backed off right? China pays 10%, there is reciprocal tariff both ways. And we went to square 1 with the 90 day negotiation, which will quietly go away. If we were winning this negotiation Trump wouldn't be backing off to the 90 day neg and pausing tariff. Trump backed off. Trump got nothing, but publicity. All Trump has is marketing, he's a great showman. But his tariff thing is total failure. And now markets rallied, because they see Trump surrendered. There is no deal, Trump just surrendered. Game over.

Funniest part is that China has 10% deal that Trump said is reserved for our best friends, while calling them enemies. Great marketing, shitty results. It's over. And this is why markets went up. Markets cheer because they don't think Trump will do anything anymore as they saw surrender.

Only retarded semi conscious republicans were somehow spinning this as victory by Trump. While Wall Street cheered knowing it's all over and a loss.

Ahh, actually China gets hit with the 30% tariffs. US firms exporting to China get hit with the 10%.

Misc says

Ahh, actually China gets hit with the 30% tariffs. US firms exporting to China get hit with the 10%.

10% base, other 20% based on Fentanyl. It'll go away. PR stunt.

Im frustrated with Trump, because he needed to triple down instead of surrendering. But he surrendered. That's why markets are up, they know it's over.

AmericanKulak says

China's attempt to fake the COO failed; Malaysian and Vietnamese manufacturers panicked lest they be schlonged by a Trump's big fat tariff retaliation. Xi's charm tour of SE Asia to try to create an anti-US tariff block failed, he was politely received and went home with nothing but glittering generalities.

Then Xi begged the US to meet him in Switzerland; to save face it was billed as a coincidence. In reality China is in deep shit. And still is.

But from what I've read USA exports only accounts for about 2.5% of China's economy.

The math does not add up as far as causing that much economic disturbance.

And the trade deficit is $900 billion for the USA with about $300 billion with China, but that is only less than 4% of the $30 trillion GDP.

Granted money sent overseas to pay for imports means it is money not accounted for within GDP, but again the trade deficit is relatively small compared to GDP.

But hopefully equally puts focus on a more significant problem of debt as a percentage of GDP as well as the growth rate of annual deficits, and the percentage of tax revenue paid toward debt service.

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AD says

And the trade deficit is $900 billion for the USA with about $300 billion with China, but that is only less than 4% of the $30 trillion GDP.

Those numbers do not factor in the huge loss to GDP because of American jobs that are lost.

Misc says

AD says

And the trade deficit is $900 billion for the USA with about $300 billion with China, but that is only less than 4% of the $30 trillion GDP.

Those numbers do not factor in the huge loss to GDP because of American jobs that are lost.

Good point as I look at coffee tumblers at Walmart that are made in China that sell for around $10.

How much of that $10 is sent to the manufacturer in China ? To the transporter or shipper of the product from China ?

If it was made in the USA, then besides the direct labor there would be a supply chain likely in the USA to support the tumbler's manufacturing.

I am thinking of a multiplier effect. Such as I think about the contract workers like maintenance workers and janitors for the tumbler's manufacturing plant. I think about the tax base associated with it, such as property tax, and employee income tax.

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AD says

If it was made in the USA, then besides the direct labor there would be a supply chain likely in the USA to support the tumbler's manufacturing.

Right, and all the lost payroll taxes, property taxes, local jobs like plumbers and electricians and diner waitresses that work in and around the factory or with it's employees. Service jobs are mostly low-paying and limited by population. Just because a factory has 100 employees at a shop that's closed, and is replaced by 100 Nuclear Power Workers who make twice as much, doesn't mean the diner in going to sell twice as many hamburgers

Chinese factories and their Chinese Employees pay $0 in Bumville County Tax, 0% SSI/MC withholdings, $0 is US Corporate Taxes, $0 in payroll taxes from the Factory Manager to the lowliest office assistant, etc. Nor does a Chinese Factory support a US Electrician or Plumber sent out to investigate a problem, nor do Chinese Office Gals go to Alice's Restaurant in East Bumville for Shepard's Pie and a slice of chocolate forest cake after they clock out in Shanghai. And, the current infrastructure doesn't get much cheaper, at least not at first.

China also doesn’t have a healthy environment. Pollution, strip mining. Let them ruin their land, we don’t want our land to look like this do we?