Walmart has the gall to demand Chinese suppliers to take 100% of the tariff cost which will push Chinese suppliers into bankruptcy. Now the CPC is getting involved. The CPC will no longer allow foreign companies to press Chinese companies like this...🧵
asia.nikkei.com/Economy/Trade-…
asia.nikkei.com/Economy/Trade-…
2. CPC won't let 🇨🇳 companies to take the hit on the Trump tariffs. Walmart is gonna get into serious trouble for this. If they still want to double down on this, Chinese companies have the right to refuse loss-making business with them, they are welcome to find alternative..
3. Suppliers in India 🤭 (they would have better luck finding alternative suppliers in alternate universe 🤣) This just changed the entire dynamic of China-US trade and goes well beyond Walmart. Previous US companies could negotiate with individual suppliers and setup competition
4. to get lowest prices, harming Chinese interests in the process.
CPC just took that ability away from them, US companies now has to deal with CPC, and CPC is telling them there will be no negotiation and no talks.
If there's any doubt to Chinese position in this trade war...
CPC just took that ability away from them, US companies now has to deal with CPC, and CPC is telling them there will be no negotiation and no talks.
If there's any doubt to Chinese position in this trade war...
5. (if you can even call it such when one side has no cards 🤭), this should have made it clear: China isn't interested in talks, China wants to beat US to submission and US just gave China the excuse. Which means it’s hyperinflation for americans, blame Trump for this 🤷♀️...
6. When will the US learn that tariffs without the means of production to produce things more cost effective and cheaper than your competitor means you are f****d.
How hard is it to understand that having printing machine to print dollars doesn't give you power? Being able...
How hard is it to understand that having printing machine to print dollars doesn't give you power? Being able...
7. to make goods, the process of invention/creation/production that people can AFFORD is what gives you power. If you're a perpetual importer, you have no control over technology, total dependence on just taking whatever China decide what you get. When they're in a good mood...
8. They'll give you decent goods in exchange for your "green toilet paper", when they're not, they'll keep the best for themselves while raising the prices, and your consumers won't be able to afford anything, while your factories are a generation behind China's...
9. Coincidentally, that's the exact situation with the living cost crisis in US. And it will only get worse from hereafter, lol poor Americans 🤷♀️ end 🧵
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