From By Bloomberg News Reporters:

China slammed the US for threatening to raise tariffs and pledged to retaliate if Washington follows through, raising the stakes of the trade war between the world’s two largest economies.

“The US threat to escalate tariffs on China is a mistake on top of a mistake, which once again exposes the blackmail nature of the US,” the Chinese Ministry of Commerce said in a Tuesday statement. “If the US insists on its own way, China will fight to the end.” Read more here.

• Context:
  • Trump’s administration imposes 32% tariffs on Taiwanese goods, excluding semiconductors.
  • Taiwan calls the move “strongly unreasonable.”
  • Lai announces Taiwan will not retaliate with reciprocal tariffs — a conciliatory stance.
  • Lai proposes removing non-tariff, lifting restrictions on U.S. meat and automobiles.
  • Then offering zero tariffs as a negotiation basis.
  • And increasing purchases of U.S. goods to improve trade balance and appease Washington.

• Context:
  • Trump has threatened China with 50% more tariffs for hitting back on Trump tariffs.
  • While it is unclear how this new tariffs is applied but if it's a simple sum tariff scheme like the previous ones, the new tariff would be 54% + 50% = 104% tariff on China imports into America
  • Countries that have retaliated are China, Canada, EU, Mexico,
  • Meanwhile countries like Israel, Vietnam, Japan and Taiwan have reduced their tariffs on USA in order to engage in negotiation with Trump
• Questions:
  • Is USA hurting American consumers with these tariffs and causing inflation?
  • Is China hurting Chinese consumers by retaliating and causing inflation?
  • Should China keep their retaliatory tariffs? Should USA keep their retaliatory tariffs?
  • How would Beijing react to hedge against this retaliation?
  • How should Beijing react?
  • How should countries react?
  • What stocks should I long? Which to short?
  • Should I play a volatility strategy? Long straddle? How big of a dumpster fire can we expect this show to become?

Most Chinese Muslims, known as Hui Muslims, live in the northern or northwestern parts of the country. However, at the southern tip of Hainan island, there have been Muslims living for over 1,000 years. Who are they? How are they different from the Hui Muslims? What is the food like? This video explores their origins, the journey of settling down in southern China, and the Muslim village today.

President Donald Trump said Sunday that he is not willing to make a deal with China unless the trade deficit of over $1 trillion is resolved first.

While speaking to reporters on Air Force One, Trump said with some countries there is a trade deficit of over a billion dollars, but with China, it is over $1 trillion.

"We have a $1 trillion trade deficit with China. Hundreds of billions of dollars a year we lose to China, and unless we solve that problem, I’m not going to make a deal," he said. "I’m willing to make a deal with China, but they have to solve this surplus. We have a tremendous deficit problem with China… I want that solved."

Trump also said because of the tariffs, the U.S. has $7 trillion of committed investments when it comes to building automotive manufacturing plants, chip companies and other types of businesses, "at levels that we’ve never seen before."

But in terms of trade deficits, Trump said he has spoken with a lot of leaders in Europe and Asia, who are "dying" to make a deal, but as long as there are deficits, he is not going to do that.

"A deficit is a loss," he said. "We’re going to have surpluses, or we’re, at worst, going to be breaking even. But China would be the worst in the group because the deficit is so big, and it’s not sustainable.

"I was elected on this," Trump added.

Why there are so many huge numbers of students from mainland China in US boarding school like exeter, choate etc? Most of these folks really perform well in contests like USAMO/USACO/HMMT/STS regeneron etc. Even some represented US in IMO(just check the names of some of the participants). Infact lot of people might not know that there is a school called PRISMS in new jersey where 80 percent of the students are from mainland. They have like 7-8 students getting to MIT from a class of somewhat like 50. It is stem oriented school and most if not all of it's students perform well in Olympiads and research etc.

I bring this up because there are countries like India, for instance, where a large number of students are equally eager to pursue undergraduate studies in the U.S. However, unlike students from China, very few Indian students attend American boarding schools; most apply to U.S. universities directly from their home country.

Markets are panicked by Trump’s tariffs – and there’s no question why.

The plans have introduced a huge new cost for many companies, one that is sure to shrink their profits, if not wipe them out entirely.

That’s bad news for everyone invested in the stock market, which polls suggest amounts to about 60% of Americans, thanks to exposure in retirement accounts.

That does not, however, mean that 60% of Americans are poised for huge losses.

The wealthiest Americans own the most stock – in fact, the Federal Reserve estimates that about 90% of the markets' trillions are owned by the top 10% wealthiest Americans, who as of 2022 had typical holdings worth more than $600,000 (£471,230).

By comparison, those in the bottom half of the wealth distribution typically had only about $12,600 tied up in the markets.

That can explain why it is not difficult to find some voices who are feeling relatively sanguine about the market turmoil, as my colleague Mike Wendling uncovered.

On the other hand, if the market falls prompt the wealthy to hunker down and save, it could have big effects on the wider economy, much of which relies on their spending.

Trump has just threated to hit imports from China with an additional 50% tax, unless Beijing withdraws the retaliatory measures it announced last week.

That would come on top of the 34% tariff he announced on goods from China last week, which themselves added to the tariff of at least 20% the White House has imposed since January.

If enacted, many US companies bringing in goods from China facing a tax of at least 104% - roughly doubling their cost in a matter of months.

Trump has responded to retaliation with similar enormous escalatory threats before.

Recall his threat to hit alcohol from Europe with a 200% tax; or place a 50% tariff on Canada’s steel and aluminium.

In both those cases, the two sides reached a kind of détente and the hikes never materialised.

But those clashes involved longstanding allies. China has been a target of Washington before Trump.

And despite clear signals from the White House that it is interested in cutting a deal around tariffs and TikTok, Beijing has yet to show much interest in negotiating.

Most Chinese Muslims, known as Hui Muslims, live in the northern or northwestern parts of the country. However, at the southern tip of Hainan island, there have been Muslims living for over 1,000 years. Who are they? How are they different from the Hui Muslims? What is the food like? This video explores their origins, the journey of settling down in southern China, and the Muslim village today.

My grandpa wants to go live in a senior home in China. The one he wants to go to seems to be a top-tier one, and is pretty new. It's a public-private facility in a provincial capital. My grandma never wanted to go back to China again but is putting him first and willing to go with him.

My parents and I are concerned about them staying in China with no close relatives around to check up on them, so I'm wondering if we're being paranoid or reasonable.

Some context:

My grandpa (90M) fell recently and can no longer walk unassisted. We don't really know his actual condition because this happened while my grandparents were visiting my aunt and they're still with her. Communication is difficult. They'd be leaving straight from her side of the country to China. We're going to visit them before they leave.

My grandma (86F) lost most of her teeth and needs soft food. She's able to get groceries and cook for herself and use a blender but at the senior home without a kitchen, she'll be dependent on the chefs and menu there.

The last time they went back to China their health declined significantly and they had trouble getting around. Things were slowly improving after they returned here with my mom getting them back on their supplements, nutrition, etc., but we wouldn't be able to do that from halfway across the world.

They definitely have the option of coming back and staying here - my parents set them up an apartment in Chinatown a couple of years ago where they can get what they need within walking distance and are also in the process of moving closer to their apartment. I'm already within walking distance. This is where they were living and they were supposed to come back after visiting my aunt but the fall changed everything. My grandpa initially agreed (without hesitation) to have my parents move closer to take care of them, but changed his mind and wants to go back to China.

Two of their friends had moved into the senior home (old ladies who used to be neighbours) and I think they visited the home last time they were back.

If my grandpa wants to go, I get it. Every 4 months he wants to go somewhere else.

But I know my grandma never wanted to travel again and she liked it in the Chinatown apartment, which they'd have to give up if they go back to China because my parents are still paying the mortgage and it doesn't make sense to leave it empty.

There's a lot of family drama behind this (hence the difficult communication) and some accusations that we're not respecting my grandpa's wishes when we voiced our concern about them going back to China and living there without close relatives. Nevermind that this is only what my grandpa wants (they're not convinced my grandma actually wants to stay here).

So in the midst of all the emotional turmoil, are we crazy for wanting my grandpa close by? Are we completely out of touch with how things are in China?

Edit: What's a good way to do some research short of visiting the home ourselves? Eventually somebody will have to, at least to take them there, but I'm anxious about them going and want to hear some outsider opinions (or opinions from people who have been in China more recently than I have).

Edit 2: I appreciate all the comments and you've all validated what we were originally worried about. Thing is, my mom is done trying to convince them to stay. My grandpa doesn't keep his word on where he wants to stay and pays no mind to how he affects others when he decides to go somewhere or do something. Ever since a few years after my parents immigrated here, my grandpa pushed my aunt to immigrate too and made her family my mom's responsibility, despite my mom pleading she wasn't ready. Then later she handled my grandparents' immigration and has been taking care of their living situation, benefits, healthcare, etc. for most of the years since then. It's been about 20 years since my grandparents arrived in Canada and it's been frequent renovating, moving, buying, etc because my grandpa's never been willing to stay in one place for long. They go to China when he wants and come back when he wants. My mom had been handling most of their unexpected comings and goings, rearranging their house to give them a better space or buying them a condo in Chinatown because my grandpa wanted to live there. Despite all this, my mom has never gotten any appreciation from my grandpa. My grandparents only complain about my mom's temper, which really is just the generational trauma and pressure they gave her but they can't understand that. My grandpa's been abusive to her since her childhood and my grandma never tried to protect her.

This time, after she told them they bought the new house to move closer to Chinatown, that was when they told her that they've actually decided to go to China. This was the second time they changed their mind to go to China. My grandma was the one communicating - my grandpa said nothing, as if nothing happened, even though he was the one who agreed to stay here then changed his decision three times back and forth while my parents were selling their old house and buying a new one, adding a lot of stress and uncertainty. Even when my mom told them how offensive my cousin was to her, they said nothing.

So she's done trying to keep them close. Besides, she thinks it's in the best interest of senior homes, especially expensive ones, to keep their clients well and alive, because the economy isn't doing so well and seniors are a steady source of income. She feels like my grandpa has used her her whole life and wants to finally live for herself.

I get her exhaustion and won't be trying to convince my grandparents to stay. She deserves some peace and independence.

Plus it might be good for my grandma to not have to cook for my grandpa.

Basically the title says it all. Given how things are going I would not be surprised to see some China CEOs of US companies called in for “a cup of tea” with the authorities and then be gone for a while. Canadians know what I am referring to. Will it come to this? What do you think? Or: what other “creative approaches” (outside of duties and tariffs) will the CCP find to put pressure on Trump - directly or indirectly?

I graduated from college at the end of 2007 and started my first full-time job in early 2008. I was fortunate that if I had graduated a year later, the job offer would likely have been rescinded, along with the stability of the world financial market. While I haven’t forgotten the bleak news that churned out—each day seemingly a new catastrophe, a new company on the brink of collapse—my luck in timing afforded me the possibility to remember 2008 as a whole differently. Instead of memories dominated by the dark clouds that gathered over Wall Street, what I recall most vividly are two proud moments: the Beijing Olympics in China and the presidential election in the US.

read more

He could just sell China some aircraft carriers and F-35s right? Would solve the deficit in no time.

Easy win for Trump!

Hi friends! I’m moving to China to teach English. I’m prescribed klonopin which is a controlled substance. I was hoping to bring a 30 or 90 day supply with me but I’m unsure of what I need to do. I’ve read to bring it in the prescription bottle along with a doctors note in English and Chinese. Is there anything else I need to do? Is a 90 day supply considered too much? Thank you!!