this post was submitted on 10 Jun 2025
10 points (100.0% liked)

Economics

2062 readers
16 users here now

founded 5 years ago
MODERATORS
all 9 comments
sorted by: hot top controversial new old
[–] [email protected] 1 points 6 days ago (1 children)

A lot of companies bought ahead of tariffs. It'll even out in a couple of months.

[–] [email protected] 1 points 6 days ago (1 children)

Once Chinese companies find new buyers, what reason do they have to go back to trading with the US. Trump's policies change arbitrarily day to day, and trying to do trade with the US is like trying to build a house on shifting sands at this point. Even if the demand from the US rebounds, I doubt there's going to be as much supply going forward as there was before because trading with the US will be seen as being an inherently risky business.

[–] [email protected] 1 points 5 days ago (1 children)

Once Chinese companies find new buyers, what reason do they have to go back to trading with the US

To make more money. The bigger your market, the more customers you have, the more money you can make. Also, these "new buyers," where have they been? Why was China holding out? That makes no sense at all.

the US will be seen as being an inherently risky business

Trump is seen as inherently risky. He has just a short few years remaining. A president like him comes only rarely.

[–] [email protected] 0 points 5 days ago (1 children)

To make more money. The bigger your market, the more customers you have, the more money you can make. Also, these “new buyers,” where have they been? Why was China holding out? That makes no sense at all.

Making more money has to be weighed against creating more risk for yourself. Setting up supply chains and trade agreements takes time and effort, and if you're in a volatile situation where you might have to scramble to find new buyers at a moment's notice that negates any increased revenue in the short term.

Meanwhile, nobody was holding out. China has been steadily redirecting trade away from the US for many years now, and the process has only been accelerating. These new buyers are in BRICS, and their demand is increasing because these are growing economies where the standard of living is rising. Chinese investments in things like building infrastructure in these countries are directly facilitating that.

Trump is seen as inherently risky. He has just a short few years remaining. A president like him comes only rarely.

Trump is a product of the existing material conditions in the US, and when Biden was in power, nothing much changed, hence why Trump was able to get back in a second time. When Trump is out, another opportunist will replace him. The US is in a downward spiral that's self reinforcing.

The material decline breeds a toxic political climate ripe for opportunism. Instead of acknowledging the root causes of the widespread suffering, politicians seize on the general malaise, offering shallow promises and hollow slogans. They play to the public's frustrations, scapegoating convenient targets, but avoid any discussion that would necessitate painful, yet necessary, course corrections. Each successive election cycle, fueled by increasingly opportunistic rhetoric, sees the country sink into an even worse state, as underlying issues fester and compound. That's where the US is today, and nothing will get better going forward.

[–] [email protected] 1 points 4 days ago (1 children)

These new buyers are in BRICS, and their demand is increasing because these are growing economies where the standard of living is rising.

In the past 10 years...

  • US GDP up by 67%.
  • Brazil GDP up by 9%.
  • Russia GDP up by 20%. Most of that is non-useful military spending to murder their neighbors.
  • India GDP up by 77%.

Only India beats US GDP growth and that's because US-based businesses are moving some of their production away from China and to India.

Making more money has to be weighed against creating more risk for yourself

The risk is on the buyer. That's US businesses buying from China. US businesses pay, then China ships. What happens at the ports with tariffs is the problem of US businesses. China is going to keep selling so long as orders are coming in.

Trump is a product of the existing material conditions in the US

Voters report voting for him as a reaction against inflation. Inflation was caused by a reaction to Covid. The material condition has changed and the appetite for someone like Trump has waned as a result. That's why his popularity is so low.

[–] [email protected] 0 points 4 days ago (1 children)

The G7 is literally a smaller economic bloc than BRICS using PPP measure. Meanwhile, the appeal of Burgerland is that it's a consumer economy, and consumption is now collapsing because of an unfolding recession. Meanwhile, the full impact of the trade war with China hasn't even hit yet.

The US launched a trade war against virtually the entire world. China, conversely, is fighting a trade war solely against the US. Naturally, China has abundant opportunities to redirect trade away from the US and towards the very nations the US is simultaneously attacking economically. Plenty of new trade opportunities are opening up.

Furthermore, buyers outside the US need only pay more than the post-tariff US price minus the tariff cost suppliers are expected to absorb. In practice, this means Chinese goods become cheaper and more competitive for the rest of the world, while the US market faces reduced supply and higher prices.

Voters report voting for him as a reaction against inflation. Inflation was caused by a reaction to Covid. The material condition has changed and the appetite for someone like Trump has waned as a result. That’s why his popularity is so low.

His popularity is still higher than Biden's was, and the material decline continued steadily under Biden. If you think that anything will be getting better in Burgerland then prepare to be surprised. It's a failed state that's literally tearing itself apart as we speak. https://www.newsweek.com/peter-turchin-political-violence-donald-trump-barack-obama-riots-2083007

[–] [email protected] 1 points 4 days ago (1 children)

The US has manageable problems. Russia & China do not. They have unmanageable problems. Russia and China both have population free-falls and a rapidly aging population. China's economy hasn't grown for the past three years. And that's with their official statistics, so it is likely much worse. Xi's political leadership is in limbo with internal factions alienating him from his own leadership. Way too much of China's "wealth" is tied-up in real estate because they failed to grow other means of investing and saving. As that collapses with the population, real poverty will set in and the people will realize that their government failed them. This plus Xi's drive toward war and his poor economic performance the past few years are why he is on the outs, leader in name only. Russia is getting their ass kicked by a nation 1/10 their size, gaining only a few acres per day at the cost of over a million casualties.

Yes, if I had to choose, I'd pick the US well above China or Russia. So do most people. Which is why nobody is immigrating to China and very few to Russia. Despite the problems America suffers, it is still the land of opportunity, unlike Russia and China.

[–] [email protected] 0 points 4 days ago

Literally the opposite is true. The US is in a far worse situation in terms of demographics because it lacks basic social services both Russia and China provide. One has to be incredibly ignorant to think that China has a worse population problem than the US.

Meanwhile, China's economy has grown at over 5% each year over the past three years, and Russia is growing at 4% a year, while the US economy continues to crumble.

Way too much of China’s “wealth” is tied-up in real estate because they failed to grow other means of investing and saving.

I want to have whatever drugs you're on.

This plus Xi’s drive toward war and his poor economic performance the past few years are why he is on the outs, leader in name only.

🤣

Russia is getting their ass kicked by a nation 1/10 their size, gaining only a few acres per day at the cost of over a million casualties.

Russia is literally defeating all of NATO and outproducing western dumb fucks industrially.

Yes, if I had to choose, I’d pick the US well above China or Russia. So do most people. Which is why nobody is immigrating to China and very few to Russia. Despite the problems America suffers, it is still the land of opportunity, unlike Russia and China.

That's because you're a deeply ignorant individual who lives in a fantasy lala land. Life is going to get very hard for people like you going forward.