Mike Whitney – The Unz Review May 11, 2025
Donald Trump rolled the dice and came up snakes-eyes. He thought he could bully China, but China called his bluff. Now he must report his failure to the American people by trying to make the biggest trade blunder in the nation’s history, look like a ‘stunning triumph of the will’. Good luck with that.
Fortunately, we have a reliable metric for determining whether Trump succeeded or failed. If China makes concessions to preserve trade with the US, then we can say that Trump ‘won’. But if Trump is forced to remove his tariffs before China agrees to resume trade, then Trump ‘lost’. So, it’s really just a matter of who blinks first.
We figure that Trump will ‘blink first’ based on the fact, that Trump ‘has no cards to play.’ China has him over a barrel and they know it. Many analysts knew this from the very beginning, but their views were drowned out by the army of anti-China scribes and pundits who think the mighty USA can crush China whenever it wants. Now they’re going to see that the world doesn’t work that way. Now they’re going to see that a poorly governed country that is $36 trillion in debt and sliding towards irreversible insolvency, doesn’t get to make the rules. This is from a piece at CNN (on Sunday):
Top US officials involved in high-level trade negotiations with China emerged from two days of talks touting “substantial progress” and appearing to confirm that a deal between the two countries had been reached, which could have massive implications for the global economy.
“I’m happy to report that we’ve made substantial progress between the United States and China in the very important trade talks,” Treasury Secretary Scott Bessent said in a brief statement Sunday in Geneva, Switzerland, where the talks were held, calling the negotiations “productive.”
US Trade Representative Jamieson Greer indicated that an agreement had been reached Sunday, after President Donald Trump imposed sweeping 145% tariffs on most Chinese goods last month.
“The president declared a national emergency and imposed tariffs, and we’re confident that the deal we struck with our Chinese partners will help us to resolve work toward resolving that national emergency,” Greer said.
He added, “It’s important to understand how quickly we were able to come to agreement, which reflects that perhaps the differences were not so large as maybe thought.” CNN
“GREAT PROGRESS”, he says. That either means that China has accepted Trump’s unilateral tariffs or they have made important concessions. So, which is it?
We’ll know on Monday.
All we know so far, is that both sides agreed to establish a US-China trade consultation mechanism.
What does that mean?
It means the US and China agreed to a particular framework for ongoing dialogue between the two countries on issues related to trade, tariffs, export controls, and access to markets. In other words, they agreed to pick up the phone when officials from the other country call.
Don’t they do that anyway?
Yes, they do, which means the terminology was created to divert attention from the fact that China has offered no concessions and is refusing to budge until the tariffs are lifted. All of this is very bad for Trump who wants to convince his base that “tough talk” and bullyboy tactics can force rivals to bend to Uncle Sam’s will. But that clearly has not happened. This is from an article at the Global Times on Sunday:
Global attention is focused on Geneva, Switzerland, where China, US high-level economic and trade meeting has been held over the weekend….
In response to questions about the US abuse of tariffs, Chinese Assistant Foreign Minister Miao Deyu on Sunday stated at a media briefing… that the US uses tariffs as a weapon to exert maximum pressure and seek self-interest, embodying typical unilateralism, protectionism, and economic bullying. This approach sacrifices the legitimate interests of countries worldwide to serve US hegemonic interests. China firmly opposes the US imposition of so-called “reciprocal tariffs” and has taken forceful legal measures to resolutely counter them, CCTV News reported on Sunday.
China will firmly safeguard its development interests, uphold international fairness and justice, and maintain the international trade order. We are willing to strengthen communication and coordination with Latin American countries to jointly uphold multilateralism and the multilateral trading system, Miao said….
China’s decision to engage in talks with the US was made after careful consideration of global expectations, China’s own interests, and the concerns of US businesses and consumers, and it reflects China’s openness and sense of responsibility as a major global power…
If the US continues to cling to “America First” and unilateralism, seeks concessions from China through pressure tactics, any dialogue is unlikely to achieve meaningful progress, Ying noted….
The world’s largest economy had already contracted in the first quarter – marking the first decline since 2022. The tariffs have only added to the strain, dealing a heavy blow to the US economy by exerting mounting pressure across key areas such as consumer spending, employment, investment and trade… In comparison, China has the resilience and the necessary policy tools to protect its legitimate interests. The country has maintained its position as the world’s largest goods trading nation for eight consecutive years and it is a major trading partner for over 150 countries and regions….
China’s trade continued to expand at a solid pace in April. The country’s total import and export value in April reached 3.84 trillion yuan ($531.46 billion), up 5.6 percent year-on-year. Exports stood at 2.27 trillion yuan, rising 9.3 percent, while imports totaled 1.57 trillion yuan, a 0.8 percent increase, according to data released by the General Administration of Customs on Friday. Global Times
So, as of Sunday, there is no indication that China is going to resume trade with the US unless Trump caves in and removes the tariffs. So, what Trump must do now is throw in the towel to China and then claim ‘victory’ for creating the invaluable “trade consultation mechanism”. He must snooker his backers into believing that his capitulation is actually a solid ‘win’ for Team USA.
Now The Bad News: China Has Replaced Us Already
CHINA HAS ALREADY sold huge amounts of products originally meant for US consumers to its neighbors… And the neighbors are buying big, giving China giant an 8.1% boost in export sales, surprising analysts.
“In early April, I said that Trump’s tariffs on China will strengthen trade ties between China and the rest of the world in the next few years,” said Prof Justin Hauge of Cambridge University in the UK, commenting on X. “It didn’t take a few years. It took a month.”
This is bad news for US Treasury chief Scott Bessent as he heads into negotiations later today in Switzerland, to bargain with Chinese Vice Premier He Lifeng.
THE NUMBERS
Newly published figures show exports from China rose a staggering 8.1% in April, compared to this time last year. Most of the goods are being snapped up by Indonesia, Vietnam, Thailand, and other countries. Bloomberg’s stable of analysts predicted a 2% rise and Reuters predicted a 1.9% jump.
The 8.1% leap follows 12.4% growth in March, when exporters worked overtime to beat the April 2 launch of Donald Trump’s “global tariff attack”.
The Financial Times quoted Heron Lim, an economist at Moody’s Analytics, saying that, while China’s trade with the US dropped 21% year-on-year in April, it rose by an equal percentage with south-east Asian nations and 8 per cent with the EU…..
China, which is focused on trade rather than politics, makes goods for anyone who will buy—and that means the other 95% of humanity will do just fine as substitute customers. Nury Vittachi @NuryVittachi
Looks like the indispensable nation is not so indispensable after all. Here’s more from the Global Times:
China moved to accelerate the replacement of US products before the high-level China-US trade talks in Switzerland... China signed letters of intent with exporters of Argentina to purchase soybeans, corn, and vegetable oil shortly before the Geneva talks…. Earlier in April, China signed contracts to purchase at least 2.4 million tons of soybeans from Brazil….
The report noted that these moves underscore China’s efforts to secure alternative sources of US goods before the bilateral trade meeting started.
China signed a letter of intent with exporters in Argentina to buy about $900 million of soybeans, corn and vegetable oil, Bloomberg reported on Friday….. The Chinese delegates also held talks with local business representatives, focusing on expanding bilateral economic and trade cooperation and defending the free trading system….
Despite the headwinds posed by escalating US tariffs, China’s foreign trade performed better than expected in April.
According to data released by the General Administration of Customs, while exports to the US fell 21 percent year-on-year to about $33 billion last month, overall Chinese exports rose 8.1 percent, with exports to non-US markets increasing 13 percent. Global Times
The irony of these developments is that the Communists are acting like Capitalists while the Capitalists (Trump and Co) are acting like goofballs. Can’t they see that their dim-witted strategy has blown up in their faces? China is still trading, thriving and growing while US ports on the West Coast have turned into Ghost-towns and retail merchants are planning for a dismal future of higher prices and empty shelves. Isn’t it time to make an honest accounting and try to stop the bleeding before the patient dies? Here’s more from Nobel Prize winner, Joseph Stiglitz:
Reducing US dependence on certain Chinese imports is not a straightforward task. Manufacturing of iPhones, for example, could move elsewhere… but it will take a long time and will be costly….
China now has a comparative advantage in logistics, manufacturing supply chains and engineering. It is no accident that China dominates in the production of smartphones and so many other products: it is far cheaper to produce them there. Prices of these products will rise as supply chains are reconfigured….. China has the knowhow, the determination and the resources to make up for this deficiency of demand, and it may be able to do so quickly….
China can also strengthen its systems of social protection and increase wages... There is scope for large increases in government expenditure…..
It can thus make up for the deficiency of aggregate demand from loss of exports to the US without resorting to “dumping” them on the rest of the world….
Moving production to the US will require massive upfront investment yet, because of all this disruption, no firm can be sure about the economic environment three months from now, let alone four years from now…..Trump talks about bringing back manufacturing jobs, but manufacturing jobs today make up less than 10 per cent of US employment.
He is looking to the past, not the future. Even if he were successful in resuscitating American manufacturing, it would not create good jobs for workers in the deindustrialised parts of the country.
Cars these days are made by robots, with the best companies employing as many engineers and researchers as production workers, and the production-line work is often not paid well.
Today, it’s the service and knowledge sectors that really matter, yet almost surely America’s longstanding trade surplus in these services will diminish, particularly given the damage Trump is doing to its considerable soft power: tourism is falling off a cliff, foreign students are discouraged from studying in the US, the rule of law is being tested and the president is waging a massive battle on the country’s leading universities….
China, meanwhile, has built dozens of new universities over the past decade.
China holds the cards over Trump, Joseph Stiglitz, The Sunday Times
I don’t have a crystal ball, so I can’t predict what’s going to happen on Monday,(when the details of the China-US talks are published) but I expect that Trump’s claims of “great progress” and a “total reset” with China are going to be exposed as ‘wishful thinking’ at best and a deliberate fabrication at worst. The days when the United States could beat China in a trade war are over, and the sooner we get used to it, the better.
This reminds me of another conversation with a dummy. They said the same thing. “We need china therefore…” So, after god knows how long of “trading” with foreign countries, your country can’t “survive” without them? It survived before, obviously, but let’s forget that. What they mean is that the scum that own everything can’t carry on producing the crap you don’t need without the cheap slaves and the “resources”. Well, set up slave pens in your own country then. But then, we’re told, our “citizens” refuse to work for slave wages because the “houses prices are so high”. And around you go. Bottom line is that the shithole they and you created can’t be “fixed”, so it’s full steam ahead to oblivion, with a side dish of multicultural hell hole. You could easily fix almost everyone’s lives by giving – yes giving – a house to everyone. You can take them away from the filth that own them all. That would put 90% of the “income” of almost everyone back into their pockets. “Oh no, we can’t do that. That’s crazy.” Why? Because the rich, who own all the houses, would get “poorer”.
Look, this is a tariffs ceasefire, for 90 days, and everyone is scrambling to get as much shit into containers, and into Nazi Amerika, before that 90 window closes.
During this T-CF, the rates will be 30%, & 10% for Nazi Amerika. The 30% for China is 200% higher than for Nazi UK, so that’s some context.
Given that China will not give way at all, and this in various numbers, from 9%, to 14%, is what China exports to the US. So many US businesses sell on Chinese products and then you have the businesses who use many Chinese products to make their products!!!
Donald Hitler fucked up big time. Let’s say LRJ were to build factories in Amerika to avoid the 10% tariff, these vehicles would be worse made than the ones currently made in Nazi UK. LRJ make some of the most unreliable vehicles, period, only Tesla is worse.
It will never be published, but US GDP is falling, while Donald Hitler raises the budget and spends even more on the MIC, and that should tell you more than any pundit or fake news whine.
Both Nazi Amerika and Nazi Europe wants war with Russia and China.
I said this many years ago, and often repeated it.
Amerika is currently pre WW2 Germany. The UK is currently pre WW2 Japan. Russis is currently pre WW2 UK, and China is pre WW2 Amerika.
Sure, history doesn’t repeat, but it does rhyme. UKraine was a Poland moment. The main factors to keep in mind, is that weapons are many, many times more lethal, and much more destructive, and have far greater ranges than in WW2.
The Nazis still use aircraft carriers, and a C- power has just defeated two Nazi Amerikan Carrier Strike Groups in the Red Sea. If these carriers had been in the Chinese theater, they’d both be sunk on day one.
I hear Donald Hitler has removed his B2 bombers from Diego Garcia. He was a fool to put them there.
The Nazis have no way of stopping China, Russia, Iran, other BRICS, and the new free world from continuing their own globalisation. The Nazis will flounder, draping themselves in the green curtain of death while the rest of the world gets cheap energy, and cheap resources. The only way to stop this transition, is WW3, and we see the Nazis preparing for this, as are the Russians and Chinese.
Another thing not in America’s favour is the endless stream of sanctions it imposes, and on some nations eg. Clinton’s on Iraq those sanctions were very cruel. Trump may put so many US farmers out of business with tariffs on agricultural machinery and products that soon the country might struggle to feed itself, and as a consequence it may have to appeal for international food and other relief.
Just go without USA like you insisted so many others must do. Across the world where governments say they will send aid the people of those countries may protest violently, perhaps even destroying a lot of the food in some way. America deserves only what it gave. It does not deserve the decency it denied others.
Mike Whitney of THE far left Cunzts review who recently showed his full colours when Trump was elected spewing his BILE!! Obviously had a few packets of Smack from Hunter! Whitney is a SHILL!!
Exporting one’s industrial base to benefit billionaires on Wall Street and, in the bargain, giving away technology that took hundreds of years for the people of the west to develop and that represented a huge competitive edge over the country to whom it was given are examples of what happens when Jews are put in charge of country (and there are of course many other bad outcomes, as those of us who comment/read here well know).
Nico X was recently banned from these comments I believe, and I also disagreed with him on a number of topics, but he did say SOME sensible things. A saying of his that often comes to my mind is that the more the Jews are allowed control of a country, the crazier things become there.
A major insanity that is underway here in America is the stripping of all programs of the Federal government that benefit the common man and woman, even while flushing more money down the toilet known as the “Defense Department,” aka the “War Crimes” Department. And, yes, the Federal government has funded many, many programs that benefit the common folk, though these programs aren’t likely to be known to a person unless he or she happens to specialize in a line of work or inquiry that relies upon on them. An example that affects my line of work is the U.S. Geological Survey…it is being destroyed now by ignorant Republicans and dumbass, ignoramus Trumpsters.
The person setting the budget priorities for Trump was and may still be Elon Musk, who was given free access to a vast array of personal data of all Americans. According to Catherine Austin Fitts, a very smart lady, these data are worth billions to Elon, as they will be used to train his AI programs.
America is bankrupt and her prospects at this juncture are seemingly bleak. This was accomplished primarily through out-of-control, unjustifiable levels of funding of the “Defense” Department and the various stupid and immoral wars that it has “managed” for decades now coupled with the offshoring of the American industrial base (to enrich Wall Street scum, not out of necessity). Programs that benefit the common folk have contributed very little if anything by comparison.
Furthermore, the Congress scum have intentionally run up the national debt to benefit the banksters in the form of massive interest payments and, ultimately, to given them title to all the property and resources of America and the American people when defacto default occurs, now only a few years away at best seems. These people are absolute traitors, and along with scum such as Bill Gates and Klaus Schwab, must be brought to account!
What’s really crazy is that average Americans are cheering all of this on due to the brainwashing performed on them by the MSM…and are thus supporting the cutting of their own throats.
Illuminists built modern China to piss on Whitey, but they are only people, very jealous and inept
Carl ones–can you explain, from first principles, what is bad about Nazis? If you cannot, I think you have simply imbibed the lying Jewish propaganda like all the goyim are expected to