Since Trump's announcement of increasing tariffs on Chinese goods entering the US, the Chi-Coms have been experiencing trouble finding a way to pay the tab.
China’s factories take a big blow as Trump’s tariffs bite
excerpt:
The acute decline underscores the damage that US President Donald Trump’s 145% tariffs on Chinese goods have already inflicted on the country’s export and manufacturing-reliant economy. Chinese manufacturers began to feel the brunt of the sky-high levies last month, as order cancellations and production cuts spread, raising fresh concerns over the country’s growth prospects. The April data points to a downturn. A parallel measure of new export orders also dived to 44.7, the lowest since late 2022 when the country was still grappling with the Covid-19 pandemic.
...more
Robin Xing, chief China economist at Morgan Stanley, wrote in a Wednesday research note that the decline in PMI shows the impact of tariffs, which has led to weakening external demand. “We believe the tariff impact will be the most acute this quarter, as many exporters have halted their production and shipments to the US, given heightened tariff uncertainties,” the report said. “The overall policy framework remains reactive and supply-centric, insufficient to offset tariff shocks.”
Hmmm....Chinese Communist party leader feeling strain of Capitalist pig Trump tariffs...must soon decide how to save face!
Well you'd better hurry up then Xi.... 'cause 'ya can't last much longer with all those damn empty Chinese ships piling up on your loading docks!
Hmmm.....this Capitalist pig American Negro starting to irritate Chinese Communist party leader, but he make good point!
OK so what's happening here now, I'm close to breaking this little Chi-Com's fortune cookie just like I broke @moe and his Socialist buddies in the Democrat party!
Just damn DJT....
Doin' what I do atl!
Aw work it DJT! :stuck_out_tongue_winking_eye:
China’s factories take a big blow as Trump’s tariffs bite
excerpt:
The acute decline underscores the damage that US President Donald Trump’s 145% tariffs on Chinese goods have already inflicted on the country’s export and manufacturing-reliant economy. Chinese manufacturers began to feel the brunt of the sky-high levies last month, as order cancellations and production cuts spread, raising fresh concerns over the country’s growth prospects. The April data points to a downturn. A parallel measure of new export orders also dived to 44.7, the lowest since late 2022 when the country was still grappling with the Covid-19 pandemic.
...more
Robin Xing, chief China economist at Morgan Stanley, wrote in a Wednesday research note that the decline in PMI shows the impact of tariffs, which has led to weakening external demand. “We believe the tariff impact will be the most acute this quarter, as many exporters have halted their production and shipments to the US, given heightened tariff uncertainties,” the report said. “The overall policy framework remains reactive and supply-centric, insufficient to offset tariff shocks.”
Hmmm....Chinese Communist party leader feeling strain of Capitalist pig Trump tariffs...must soon decide how to save face!
Well you'd better hurry up then Xi.... 'cause 'ya can't last much longer with all those damn empty Chinese ships piling up on your loading docks!
Hmmm.....this Capitalist pig American Negro starting to irritate Chinese Communist party leader, but he make good point!
OK so what's happening here now, I'm close to breaking this little Chi-Com's fortune cookie just like I broke @moe and his Socialist buddies in the Democrat party!
Just damn DJT....
Doin' what I do atl!
Aw work it DJT! :stuck_out_tongue_winking_eye:
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