Asian Imports Into US Collapse Amid Trump Tariff Wars

[g5000]

"As history has painfully taught, once protectionist wars begin, the likely result is a deadly and will-nigh unstoppable downward spiral by the entire world economy." - Peter Navarro, The Policy Game: How Special Interests and Idealogues are Stealing America, 1984.


Peter Navarro is the senior counselor for trade and manufacturing to Donald Trump, and he is the only one pushing Trump into this tariff war. He is also the one who pushed Trump into his failed tariff war during his first administration.

Navarro has come a long way since 1984 when he knew the damaging and idiotic effects of a protectionist war.

So here's the thing. China is cutting way back on its exports to the US.

Way back.

Asian imports to the U.S. have fallen dramatically as businesses respond to the high tariffs placed on goods from China.

According to a recent report from the maritime research platform Sea-Intelligence, the number of "blank sailings"—scheduled voyages canceled by the carrier—from Asia to the U.S. have risen as a result of President Donald Trump's tariff announcements.

For the period covering April 14 to May 11, the firm found that the number of blank sailings on the transpacific route had risen from the equivalent of about 60,000 containers in late March to 250,000 the week following Trump's "Liberation Day" tariff announcements. In the second week of April, the figure had increased to 367,800.


Remember the supply chain problems of 2021 and the resulting inflation?

Yeah.

We get certain food items from China. Apple juice, garlic, seafood, fruits and vegetables, vitamins, snacks, processed sugar and confections, spices, tea, etc.

Expect empty shelves or higher prices for these items in the near future.


I mentioned in another topic last week the Harmonized Tariff Schedule for the United States is more than 4400 pages. Multiply that times the number of countries Trump claims to be in negotiations with, and you can see how it's all bullshit.

Tariff negotiations take YEARS. For the USMCA between the US, Canada, and Mexico alone, it took Trump's first administration almost three years.

So when Trump claims victory after 90 days, you can be absolutely sure he's full of shit.

Asian Imports Into US Collapse Amid Trump Tariff Wars​

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[g5000]

You can tell if a product came from China by its bar code.

If the first three digits are between 690 and 695, it comes from China.

 

[shockedcanadian]

Time to straighten out the $1T hand over of cash from America to China. Due to transnarional trade from Vietnam and other nations, China is flooding the U.S with far more than the official stats illustrate

 

[g5000]

Time to straighten out the $1T hand over of cash from America to China. Due to transnarional trade from Vietnam and other nations, China is flooding the U.s with far more than the official stats illustrate

That's the stupid thing about far left protectionism. It turns into whack-a-mole.

Our trade deficit helps to maintain our status as the world's reserve currency.

 

[shockedcanadian]

That's the stupid thing about far left protectionism. It turns into whack-a-mole.

Our trade deficit helps to maintain our status as the world's reserve currency.

You should really look into the data more. Only the 1% wealthiest in the U.S have improved their standard of living and wealth to any real degree. The world owns more of America than America owns of the world. This is a drastic shift from the past.

As long as you remain the consumption economy you will always remain the reserve currency. This won't be the case in 10-15 years if Chinas manufacturing trajectory and U.S decline of the lost Middle Class contrinued,

Wake up, you are at war!

 

[Orangecat]

Oh noes! The Temu junk train has been derailed!

 

[IDIOCRACY]

This is good news. Listen closely you can hear American made in development. Everyone e wins but china

 

[Woodznutz]

Our trade deficit helps to maintain our status as the world's reserve currency.

Requires clarification.

 

[C_Clayton_Jones]

We get certain food items from China. Apple juice, garlic, seafood, fruits and vegetables, vitamins, snacks, processed sugar and confections, spices, tea, etc.

Expect empty shelves or higher prices for these items in the near future.

And yet the blind partisan Trump Cult will continue to lie about and defend tariffs.

 

[iamwhatiseem]

There is no collapse in the markets.
Down 6%-7% in 3 months has happened numerous times.
Funny how when it happened twice in 2022 and 2023 - this board was not full of people screaming about it.
We are still up about 5% over this time last year. Hardly a COLLAPSE!!! AAAAUUUUUGH!!!

 

[22lcidw]

And yet the blind partisan Trump Cult will continue to lie about and defend tariffs.

The pollution is lower though as the cargo ships are not as many. Those exhaust funnels you know. After all, that is what Progs want. And that is what it is all about.

 

[Missourian]

Our trade deficit helps to maintain our status as the world's reserve currency.

I call this one "Bleed Him Dry!"

 

[g5000]

There is no collapse in the markets.
Down 6%-7% in 3 months has happened numerous times.
Funny how when it happened twice in 2022 and 2023 - this board was not full of people screaming about it.
We are still up about 5% over this time last year. Hardly a COLLAPSE!!! AAAAUUUUUGH!!!

Yes, we went up, up, up during the last part of Biden's term.

We've been going down, down, down during Trump's term.

This is what I mean when I say Trump was elected on third base and you think he hit a triple.