this post was submitted on 06 Jun 2025
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[–] Dirt_Owl@hexbear.net 27 points 1 week ago

Haha eat shit, auto industry

[–] InevitableSwing@hexbear.net 23 points 1 week ago (3 children)

Serious question - has China had any significant problems due to Trump's idiotic tariffs?

[–] sharkfucker420@lemmy.ml 21 points 1 week ago (1 children)

Decrease in trade, some factories slowed production iirc. Nothing they aren't capable of living without

[–] somename@hexbear.net 23 points 1 week ago (1 children)

It turns out having both mineral extraction capability and industrial production capacity is really good

[–] InevitableSwing@hexbear.net 6 points 1 week ago

Maybe the federal government on a full bipartisan level and Insane Clown Posse have something in common. Magnets. How do they work?

[–] kristina@hexbear.net 17 points 1 week ago* (last edited 1 week ago) (1 children)

I have a friend who is friends with someone looking to be an Olympic archer there and she was complaining about how most of the best bows were American and very expensive now... It's very niche though lol. Seems most of what America exports is specialty products

I remember economy lecture in university where i heard that it's easy to gauge the unequal development of countries. You just need to compare their mutual trade.

Few days ago i seen that what US exports to China is mostly raw foods (but not even staple ones) and what it imports is mostly industrial products and electronics.

[–] yogthos@lemmygrad.ml 10 points 1 week ago

Overall US trade accounts for something like 2% of the overall economy in China, so just based on that there fundamentally can't be a huge impact. On top of that, the US is fighting a trade war with the whole world, and as a result it's creating new trade niches for China. Latest data shows that Chinese trade was actually up 5.6 % in April.

https://www.globaltimes.cn/page/202505/1333661.shtml

[–] miz@hexbear.net 22 points 1 week ago (1 children)

psssssst. pssssst. hey buddy. [opens coat] you wanna buy a kilogram ingot of pure tellurium?

[–] Koolio@hexbear.net 10 points 1 week ago* (last edited 1 week ago)

Uh oh, stiiinky.

(Kinda oniony, from Tellurium sweats)

[–] PolandIsAStateOfMind@lemmygrad.ml 20 points 1 week ago* (last edited 1 week ago)

"US Secretariat of Copium officially renames rare earth to Unobtanium as a part of groundbreaking program to isolate China economy internationally"

[–] GaryLeChat@lemmygrad.ml 19 points 1 week ago (2 children)

Funny how the article doesn't say why there rare export restrictions. Seems like it would be thorough to mention that all exports cannot go to the US but also must be guaranteed to never be used in military applications.

Big L on journalism here

[–] simontherockjohnson@lemmy.ml 6 points 1 week ago

Explaining dual-use restrictions and why they were put in place after Biden's little CHIPS play would make the average Burgerstani think that the trade war foreign policy and its economic fallout is their government's fault rather than Trump's.

[–] stink@lemmygrad.ml 3 points 1 week ago (1 children)

I cant find anything like that on lib-media. I would love a source to show how good this is

[–] GaryLeChat@lemmygrad.ml 3 points 1 week ago (1 children)

Forgive me for linking a YouTube video but the description is heavily sourced and the video is about this specifically.

Video

[–] HexReplyBot@hexbear.net 1 points 1 week ago

I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

[–] dead@hexbear.net 17 points 1 week ago

China's MFA was asked about rare earth minerals about 5 hours ago. Reporters pointed out that Trump's phone call announcement mentioned a rare earth mineral deal, while the Chinese MFA's phone call announcement did not include mention of rare earth minerals. The response from the FM seems to say that China's rare earth mineral policy has not changed, despite what Trump has said.

The Verge article was published before the phone call.

AFP: Regarding the phone call yesterday between the Chinese and U.S. presidents, Donald Trump wrote that there should no longer be any questions respecting the complexity of rare earth products, but the Chinese side’s readout did not mention this topic. So can the Foreign Ministry provide more details about what was discussed between the leaders in the call specifically with regard to rare earth?

Lin Jian: China has repeatedly made clear its position on relevant issue. I’d refer you to competent authorities for anything specific.

Reuters: This is also to do with President Xi and President Trump’s phone call last night. Trump said after the phone call that there should no longer be any questions about rare earth. Does this mean China is now going to speed up its approvals process for rare earth and related products’ export licenses, especially to the U.S.?

Lin Jian: I just answered this question.

https://www.mfa.gov.cn/eng/xw/fyrbt/202506/t20250606_11642581.html

[–] Pili@hexbear.net 16 points 1 week ago

Born to auto industry, forced to manual industry sadness

[–] godlessworm@hexbear.net 16 points 1 week ago

nooooo not the beloved auto industry

[–] TreadOnMe@hexbear.net 13 points 1 week ago

It's actually really funny. We are increasing our plastics and cheap consumer goods manufacturing (not electronics though), and reducing our ability to create complex products to increase profits. We are literally shock doctrining ourselves.

[–] Evilphd666@hexbear.net 9 points 1 week ago

Going to find out exactly how exceptional Amerikkka is.