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Chinese exports have plummeted under the 145% tariff regime directed by President Trump. There are a legion of news reports of empty Chinese ships, ports, and even streets and shopping centers.
President Trump is right -- America holds the trade cards.
The legacy and CCP-controlled media is actively trying to paint the current reality as a failure for the Trump administration. We don't believe their preferred narrative is working.
US Treasury Secretary Bessent today said, "Strategic uncertainty is Trump's negotiating tactic."
US National Economic Council Director Hassett declared today, "We are very close to making progress with China."
The American people are hungry for economic security.
China's manufacturing PMI dropped to 49 in April, the lowest since December 2023, indicating contraction (below 50).
This marks the first significant official data post-Trump tariff escalation.
• Oxford Economics cut China’s 2025 growth forecast to 4.1% (from 4.6%).
• Société Générale: US export losses could shrink China’s GDP by 2%.
• Nomura estimates a 50% export decline could slash 1.1% off GDP.
Bloomberg reports new export orders fell to their lowest since 2022, worst drop since Shanghai’s 2022 lockdown, reports The Clash Report.
Beijing’s response:
• Beijing’s response has been cautious. No new stimulus, just execution of a March-approved package.
• Zhaopeng Xing (ANZ Bank) expects targeted support soon, avoiding broad spending in case of prolonged conflict.
Sources: Bloomberg, FT
