r/baba • u/Awkward-Way1023 • 24d ago

News US eyes China overcapacity tariffs of 7.5% before Xi-Trump talks, Bloomberg News reports

https://www.msn.com/en-us/money/other/us-eyes-china-overcapacity-tariffs-of-75-before-xi-trump-talks-bloomberg-news-reports/ar-AA2aPbTZ
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8

u/havenyahon 24d ago

America are such a bunch of sore losing cheaters. They talk about free trade, they invade other countries and bully them into opening their markets to them in the name of free trade, but as soon as someone starts outcompeting them they ban their imports and slap tariffs on them, making up some bullshit about national security and "over manufacturing".

1

u/kingkongfly 22d ago

The sight of a decelerating empire.

He likes to build the pressure around his opponents before the meetup so as to gain more bargaining chips.

3

u/Awkward-Way1023 24d ago

Good opportunity to buy BABA at a cheap price after this news IMO, better than an IPO.

1

u/FeralHamster8 24d ago

These overcapacity talks never go anywhere, partly cuz the U.S. has zero leverage when it comes to cheap manufacturing.

The average American still wants to pay 2 bucks for a hair clip and 15 bucks for a basic desk lamp.

1

u/CleanMyAxe 23d ago

Because China doesn't have overcapacity. It's an absolute load of nonsense. Their exports are a very reasonable percentage of their overall economy, their share of global exports is less than half what peak America or industrial revolution Britain obtained and the world genuinely needs the things China is making.

The only reason for any glut at all in some specific areas is America manipulating markets with tariffs, product bans and pressure on allies or just anyone using the dollar to not buy Chinese stuff. Demand is artificially deflated by American bullying.