MTGZone
  • Communities
  • Create Post
  • heart
    Support Lemmy
  • search
    Search
  • Login
  • Sign Up
☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 1 month ago

China intends to crush the trade war. Beijing has retaliated against Donald Trump's tariffs — and the response was far stronger than expected.

www.newstatesman.com

external-link
message-square
47
fedilink
162
external-link

China intends to crush the trade war. Beijing has retaliated against Donald Trump's tariffs — and the response was far stronger than expected.

www.newstatesman.com

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to news@hexbear.netEnglish · 1 month ago
message-square
47
fedilink
China intends to crush the trade war
www.newstatesman.com
external-link
Beijing has retaliated against Donald Trump’s tariffs – and the response was far stronger than expected.
  • FourteenEyes [he/him]@hexbear.net
    link
    fedilink
    English
    arrow-up
    66
    ·
    1 month ago

    Of course they do. They know they have access to almost everything they need for their economy to thrive within their own borders. They have good relationships with their neighbors for the most part and have a lot of advantage in trading negotiations. They’ve spent the last 50 years building up their industry to world-class levels. They could close their borders entirely and cease all trade and they’d survive and weather it well for quite some time. The same cannot be said for the people they trade with.

    • Llituro [he/him, they/them]@hexbear.net
      link
      fedilink
      English
      arrow-up
      34
      ·
      1 month ago

      they’re also ran by competent governance so would have prepared for this likelihood. there is genuinely no reason for top-xi to put all the eggs in one basket. i mean at this point they’ve had almost a decade to ready themselves for trump’s antinixon shock, he even gave them a little test run during his first term so they could get some experience.

      • MidnightPocket [comrade/them]@hexbear.net
        link
        fedilink
        English
        arrow-up
        18
        ·
        1 month ago

        Trump as the anti-nixon is an interesting thought. I know you’re limiting it to Chinese relations opening/closing trade, but now I’m curious if there are other anti-parallels (perpendiculars?).

        • Llituro [he/him, they/them]@hexbear.net
          link
          fedilink
          English
          arrow-up
          20
          ·
          1 month ago

          yanis varoufakis and others have written extensively about the manner in which trump’s actions are sort of a (poorly constructed, extremely not thought-out) reversal of the post-Bretton Woods economic global order.

          • anarchoilluminati [comrade/them]@hexbear.net
            link
            fedilink
            English
            arrow-up
            6
            ·
            1 month ago

            Any writings you recommend for that in particular?

            • Llituro [he/him, they/them]@hexbear.net
              link
              fedilink
              English
              arrow-up
              9
              ·
              1 month ago

              https://www.yanisvaroufakis.eu/2025/02/21/donald-trumps-economic-masterplan-unherd/

              and then https://www.yanisvaroufakis.eu/2025/04/03/will-the-trump-shock-prove-as-momentous-as-the-nixon-shock-unherd-op-ed-on-bbc-tv/

              with the caveat that i think yanis is probably giving the trump guys too much credit in terms of actually having thought this through.

              • Biggay [he/him, comrade/them]@hexbear.net
                link
                fedilink
                English
                arrow-up
                5
                ·
                1 month ago

                If anything that makes me feel that even a hyper-liberal like Nixon was still actually competent, despite how much he fucked up but his administration were still planning things, they still cared.

              • anarchoilluminati [comrade/them]@hexbear.net
                link
                fedilink
                English
                arrow-up
                2
                ·
                1 month ago

                Cool, thanks!

        • Z_Poster365 [none/use name]@hexbear.net
          link
          fedilink
          English
          arrow-up
          15
          ·
          1 month ago

          Nixon created the EPA and several medical services.

          Trump dismantled those same institutions.

          • someone [comrade/them, they/them]@hexbear.net
            link
            fedilink
            English
            arrow-up
            5
            ·
            1 month ago

            We live in a world where Richard Nixon is seen as a decent, responsible, and forward-thinking statesman.

            Richard. God. Damned. Nixon.

            • Z_Poster365 [none/use name]@hexbear.net
              link
              fedilink
              English
              arrow-up
              3
              ·
              1 month ago

              I mean he only did it because a river caught on fire and nobody could put it out

              • Biggay [he/him, comrade/them]@hexbear.net
                link
                fedilink
                English
                arrow-up
                2
                ·
                1 month ago

                I mean our leaders here dont care to stop shit like that. They are just letting a genocide continue; In this analogy theyre actually burning the river.

                Theyre Burning The River. I think you could name an article on the Nixon-Trump parallel that.

    • GoodGuyWithACat [he/him]@hexbear.net
      link
      fedilink
      English
      arrow-up
      18
      ·
      1 month ago

      China doesn’t have natural oil reserves so until we get a green revolution, they do need to trade within the rules of the petrodollar. Obviously things could change but this makes them pretty different from the USSR who was able to exist as a pariah state for some time.

      • SootySootySoot [any]@hexbear.net
        link
        fedilink
        English
        arrow-up
        10
        ·
        1 month ago

        They are very much keeping Russia onside, probably with the awareness that there could come a time they rely almost solely on their oil.

        • Biggay [he/him, comrade/them]@hexbear.net
          link
          fedilink
          English
          arrow-up
          6
          ·
          1 month ago

          Russia, Sudan, they also keep decent relations with Iran and Iraq IIRC, I dont think Venezuelans have a ton of easily accessible Oil trading partners but with less trading to America we could see ships not really caring about the Psuedo-blockade theyre under.

news@hexbear.net

news@hexbear.net

Subscribe from Remote Instance

Create a post
You are not logged in. However you can subscribe from another Fediverse account, for example Lemmy or Mastodon. To do this, paste the following into the search field of your instance: !news@hexbear.net

Welcome to c/news! Please read the Hexbear Code of Conduct and remember… we’re all comrades here.

Rules:

-- PLEASE KEEP POST TITLES INFORMATIVE --

-- Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed. --

-- All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. --

-- If you are citing a twitter post as news please include not just the twitter.com in your links but also nitter.net (or another Nitter instance). There is also a Firefox extension that can redirect Twitter links to a Nitter instance: https://addons.mozilla.org/en-US/firefox/addon/libredirect/ or archive them as you would any other reactionary source using e.g. https://archive.today . Twitter screenshots still need to be sourced or they will be removed --

-- Mass tagging comm moderators across multiple posts like a broken markov chain bot will result in a comm ban--

-- Repeated consecutive posting of reactionary sources, fake news, misleading / outdated news, false alarms over ghoul deaths, and/or shitposts will result in a comm ban.--

-- Neglecting to use content warnings or NSFW when dealing with disturbing content will be removed until in compliance. Users who are consecutively reported due to failing to use content warnings or NSFW tags when commenting on or posting disturbing content will result in the user being banned. --

-- Using April 1st as an excuse to post fake headlines, like the resurrection of Kissinger while he is still fortunately dead, will result in the poster being thrown in the gamer gulag and be sentenced to play and beat trashy mobile games like 'Raid: Shadow Legends' in order to be rehabilitated back into general society. --

Visibility: Public
globe

This community can be federated to other instances and be posted/commented in by their users.

  • 906 users / day
  • 1.66K users / week
  • 2.7K users / month
  • 4.77K users / 6 months
  • 3 local subscribers
  • 24K subscribers
  • 4.29K Posts
  • 97.9K Comments
  • Modlog
  • mods:
  • Alaskaball [comrade/them]@hexbear.net
  • ZoomeristLeninist [they/them, she/her]@hexbear.net
  • carpoftruth [any, any]@hexbear.net
  • Breath_Of_The_Snake [they/them, comrade/them]@hexbear.net
  • context [fae/faer, fae/faer]@hexbear.net
  • Infamousblt [any]@hexbear.net
  • FALGSConaut [comrade/them]@hexbear.net
  • BE: 0.19.5
  • Modlog
  • Legal
  • Instances
  • Docs
  • Code
  • join-lemmy.org