Market crashing

Quote: fleaswatter

Another bad day for tampon Tim:

Quote:

China’s economy faces severe pressure as U.S. tariffs (including a 145 percent levy on some imports) trigger factory closures, mass layoffs and a surge in worker protests, particularly in export-heavy regions like Guangdong and Zhejiang.

-Hundreds of workers across Sichuan, Inner Mongolia and other provinces are protesting unpaid wages and benefits, with some resorting to extreme measures like rooftop protests. Even major firms like BYD face strikes over pay cuts.

-Warehouses are overflowing with discounted exports (e.g., apparel, electronics) now being sold domestically for pennies, undermining profitability and worsening the economic downturn.

-Beijing offers vague promises (e.g., five percent GDP growth targets) and blames the U.S. for “bullying,” but lacks concrete solutions. The “dual circulation” strategy to boost domestic demand is failing as exports collapse.

-With 16 million jobs at risk, labor protests now make up 41 percent of all demonstrations (per Freedom House). New U.S. tariffs (e.g., 120 percent on small-value imports) threaten further damage, leaving China’s economy and workers in dire straits.

The latest wave of U.S. tariffs – including a 145 percent levy on Chinese imports – has dealt a severe blow to key sectors such as electronics, apparel, and chemicals. Factories in export-heavy provinces like Guangdong and Zhejiang have suspended operations, issuing “holiday notices” to workers as orders dry up. (Related: China’s plastics industry faces closure crisis as U.S. ethane tariffs ignite economic fallout.)

Videos circulating on Chinese social media show warehouses overflowing with unsold merchandise, from yoga pants to home appliances, now being sold domestically for pennies on the dollar. “Any piece of clothing here could sell for $100 in the U.S., but now it’s being sold by the ton for a few cents,” lamented one user on Douyin, China’s version of TikTok.

Quote: fleaswatter

I quote parts:


China is definitely winning /s/

Quote: terapined1

Quote: rxwine

I agree with whoever the pundit that said, it's not a deal other countries are looking for, it's knowing Trump is unstable, whipping tariffs around like a whip. No one really wants to deal with that shit.

Quote: missedhervee

While I am understandably glad to see the market turn positive I and many others wonder whether this recent tariff roller coaster has been nothing but a cute parlor trick to enable the oaf and his cronies to use advance knowledge to make a massive killing on the stock market via insider trading.

Not that Trump would see anything "wrong" with that ... bwa ha ha ha