larry johnson shows you how the empire, especially under the orange man, are bulls in a china shop; 

 

Donald Trump’s Secretary of Treasury, Mr. Scott Bessent, is lost in a delusion. Bessent’s recent public comments on tariffs and China illustrate his detachment from reality. He emphasizes that using high, targeted tariffs as leverage — framing them as necessary to counter what he describes as unfair Chinese trade practices — have not derailed a working trade “equilibrium” with Beijing. He has defended steep sector‑specific tariffs (steel, EVs, etc.) on China as a response to “dumping” and industrial overcapacity, pointing out that not only the US, but also Canada and the EU have at times adopted similar high tariffs on Chinese steel and related products.

Bessent has warned allies (especially Canada) that lowering their China‑focused tariffs or signing deals that let Chinese goods transit via third countries could trigger very high US retaliatory tariffs (he has explicitly mentioned the possibility of tariffs at or near 100% in that context). At the same time, he has said the US –China trade relationship has reached a “very good equilibrium” after the earlier tariff wars, stressing that tariffs pushed Beijing into a rules‑based framework where China is now, in his telling, honoring large purchase commitments (for example, soybean buying targets). He portrays the tariff pressure as having forced China to follow through on agreed purchases and commitments rather than as purely destructive, and says Washington will “hold their feet to the fire” to keep them compliant...........more...........