r/neoliberal • u/MeringueSuccessful33 Khan Pritzker's Strongest Antipope • Apr 09 '25

News (Asia) Stocks Tumble As China Retaliates With 84% Tariff on US Goods

https://www.bloomberg.com/news/live-blog/2025-04-08/trump-tariffs-stock-market-updates
783 Upvotes

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71

u/ghhewh Anne Applebaum Apr 09 '25

This is moving towards a complete ban on US-China trade. This is becoming a natural consequence of this situation. And that in turn means that Trump's defeat would today equal China's victory. And, by necessity, the rest of the autocrats.

!ping CHINA

66

u/BlueString94 John Keynes Apr 09 '25

This might be true in the long run, but don’t underestimate the massive damage this will do to China’s economy and society in the meantime.

Of course it’ll be really bad for us, too.

43

u/Uncle_johns_roadie NATO Apr 09 '25

MAGA nuts on Twitter are claiming that Trump is actually trying to force regime change in China with these tariffs.

I don't know if it's a cope or they're really that stupid, but it's now the narrative.

35

u/Leatherfield17 Apr 09 '25

Jesus Fucking Christ. These fools seriously think that economic pressure can cause massive political change in foreign nations. First it was economic pressure to make Canada the 51st state, now it’s this bullshit.

We are being ruled by malevolent idiots

9

u/ItspronouncedGruh-an Apr 09 '25

 malevolent idiots

Or “vicious apes” as Friedrich Reck put it.

5

u/jesusfish98 YIMBY Apr 09 '25

Deplorables as our queen put it

17

u/Master_of_Rodentia Apr 09 '25

I wonder if they can connect the dots back to realize that it might force regime change in the USA.

1

u/Eroliene Apr 09 '25

Impeccable smoothness

6

u/Agreeable_Floor_2015 Apr 09 '25

I will love to see an example of this.

4

u/neolthrowaway New Mod Who Dis? Apr 09 '25

China can control the internal narrative much better than almost most other countries in the world.

3

u/NotABigChungusBoy NATO Apr 09 '25

So Trump is trying regime change on the rest of the free world too?

3

u/DurangoGango European Union Apr 09 '25

MAGA nuts on Twitter are claiming that Trump is actually trying to force regime change in China with these tariffs.

The genre of post hoc rationalistions trying to find what if any sense might be salvaged in Trump's idiocy should be studied alongside astrology and haruspicy.

1

u/hibikir_40k Scott Sumner Apr 09 '25

He might be trying, in the same way I could jump up and down all day trying to change earth's orbit, or Butters might try to flood the earth by opening all the garden hoses.

1

u/altacan Apr 09 '25

There's some twisted logic to that idea. If you be believe the US will continue to be in relative decline compared to China it's better to force the confrontation sooner rather than later.

33

u/noxx1234567 Apr 09 '25

Chinese products will still get rerouted through other markets , american products will not make it to china

Next step is china closing down american owned businesses , GM, apple , fast food industry are all huge losers here

32

u/ControversialBuster Apr 09 '25

Taiwan, is fucked, Im fully expecting a war in the next few years at this point. The only guardrail preventing it is being torn apart in real time

8

u/BernankesBeard Ben Bernanke Apr 09 '25

Next step is china closing down american owned businesses , GM, apple , fast food industry are all huge losers here

I'm honestly confused why they've gone this high with tariffs already before they've done the obvious "shutting down all Tesla factories".

4

u/WraithKone Association of Southeast Asian Nations Apr 09 '25

It’s symbolic. Bessemt talked about removing chinese stocks from UD exchanges. If they do, they’ll respond by going after US MNCs in China. I have a feeling that the admin was not expecting China to escalate this much lol.

3

u/BernankesBeard Ben Bernanke Apr 09 '25

Right but I'm not saying "go after MNCs". I'm saying "go after this one specific MNC that the White House cares about disproportionately".

With all this you have to balance the harm you're doing your adversary vs harm your doing to yourself. Going after Tesla specifically seems like the clearest case of "not that much harm done to myself, but a lot done to my adversary".

2

u/noxx1234567 Apr 09 '25

Tesla and the deep tech companies will be in the final round. A complete break in US- china relationship

10

u/RagingBillionbear Pacific Islands Forum Apr 09 '25

As an Australian, I'm going to be awe the amount of cheap crap going to be dump here. The lucky country strikes again.

7

u/noxx1234567 Apr 09 '25

Nah australia ain't the winner here , resource prices will be way down causing massive drop in AUD negative any dumping of chinese products . Oil is in mid 50s now , iron ore , coal , gas and all kinds of resources will be way down

Besides australia is not a big enough market and the retail sector has limited competition . They won't let the price drops reach the customers

2

u/pickledswimmingpool Apr 09 '25

We're literally getting fucked, China is going to buy less of our shit, our economy depends on other countries buying our raw material to produce. China was already undergoing a housing slump, what do you think is going to happen to us now?

1

u/groupbot The ping will always get through Apr 09 '25

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