Quick Update On How China Is Suffering Under Punitive US Tariffs

Science & Technology
1

Looks like China is paying Bloomberg to spread pro-Chinese propaganda :D:D:D:D

Companies in the U.S. are paying almost all the costs from Donald Trump’s tariffs on Chinese imports, IMF researchers said in findings that contradict the president’s assertions that China is footing the bill.

IMF researchers found “tariff revenue collected has been borne almost entirely by U.S. importers,” according to the International Monetary Fund’s blog post released Thursday.

The report concludes what most private economists have argued for months: that China doesn’t pay U.S. tariffs, American consumers and companies do.

It’s rare for the IMF to disagree with its largest shareholder, and the paper was released just as the rhetoric in Trump’s trade war with China reaches a boiling point.

Jisomeeni hapa bana, hii Bloomberg imekua compromised na wachinku. These are outright lies wadau :D:D:D:D:D:D:D

Haya, what is CNN saying?

Retailers argue higher costs from tariffs will force them to make a tough decision: Take up prices for consumers or eat the costs and take a profit hit. Most say they’ll raise prices

AutoZone (AZO) CEO William Rhodes said his company would raise prices for consumers if tariffs increased the costs of buying auto parts.
“If we do, in fact, experience higher costs, it will be our intention to pass those higher costs on to our customers,” Rhodes told analysts Tuesday.
Walmart (WMT) also said it will raise prices on some products as a result of the Trump administration’s tariffs on Chinese goods.

But CNN is known for being a fake news outlet, so take their report with a huge pinch of salt :D:D:D:D

Meanwhile, Mzito Xi Jinping has visited a rare earths facility in China. Unlike some orange haired fool who likes shouting to the whole world about his intentions, Mzito here sends signals. Remember China produces 80% of these minerals, and they’re used in virtually all electronic components. Not to worry though, if China somehow cuts off access to rare earths, Australia, which has been producing less than 10% of the world’s supply, will wave a magic wand and suddenly plug the deficit :D:D:D:D:D

https://www.youtube.com/watch?v=fxC8FKfb7-k

Anyway, wacha katambe wadau. These are interesting times.

2

A mild recession in the world economy likely in the next few months.China unlikely to take any drastic action on US companies for now. Most likely betting on negative public sentiments in the US against Trump’s trade war.

3

China will play it cool except a few mutterings here and there about being bullied and let american corporations start squealing. remember when this started it was the pork and soy bean farmers that were crying.

4

Chinese are in it for the Marathon, if the US needs that really is anyone’s guess. But the longer this two economies confront. The world’s prosperity is a mirage.

5

The world prosperity is not hinged on the good relationship between the two. It’s time the ministry of mining starts reviewing the kwale rare earth metals mines contract.
Vita vya panzi furaha ya kunguru.

6

America ni silly. They started this war, are doing all the fighting alone, are wielding all the weapons they have and all China is doing is blocking and ducking. When China decides to hit back America will be knocked out. Two punches only; price reductions and, Chinese yuan devaluation!!!