Thursday, 5 June 2025

TRUMP HOLDS HIS FIRST PHONE CALL WITH XI FOR MONTHS AS HIS TRADE WAR WRECKS HAVOC ON THE US ECONOMY, AUTO INDUSTRY WARNS OF PRODUCTION COULD SLOW, HALT

PRESIDENT XI HOLDS THE ACE CARD IN THE FORM OF A STATE CENTRAL BANK WHICH CAN PRINT LIMITLESS FREE MONEY TO HELP BUSINESSES HIT BY TRUMP S EXPORT BAN FIIND NEW MARKETS 

PLUS, CONTROL RARE MINERALS SUPPLY CHAIN VITAL TO SOME HI TECH SECTORS OF THE USA

MEANWHILE, US BUSINESSES LURCH TOWARDS A LIQUIDITY CRUNCH, BANKRUPTCY AS THE COUNTRY DROWNS IN DEBT CAUSED ULTIMATELY BY A PRIVATE FED RESERVE

https://www.zerohedge.com/markets/sp-futures-spike-above-6000-after-chinese-media-reports-trump-xi-held-phone-call

US ECONOMIC COLLAPSE COMES COURTESY OF A MASSIVE MISCALCULATION OF TRUMP

PERHAPS  TOO BUSY POSTING AI PICS OF HIMSELF AS A POPE, TELLING OTHER LEADERS THEY WOULD HAVE TO "KISS HIS ASS" ETC, TO BOTHER TO CHECK THE ECONOMIC DATA WHICH MADE IT FORESEEABLE THAT CHINA WOULD WIN TRUMPS TRADE WAR

THE END OF TRUMP MAY NOW  BE VERY NEAR AFTER HE HAS DESTROYED THE ECONOMY AND HE MAY KNOW HE IS CORNERED, AT THE MERCY OF CHINA 

SOROS, GATES AND TRUMP SHOULD START TAILORING THEIR ORANGE JUMP SUITS

THEIR ONLY CHOICE NOW MAY BE PRISON IN THE USA OR IN AN EURASIAN COUNTRY AS THE US COLLAPSES

XI MAY HAVE INVITED TRUMP TO CHINA TO CHECK OUT HIS POSSIBLE PRISON ACCOMODATION

SOROS, TRUMP CAPTURED IN WELL KNOWN GREEK PROSECUTOR PROBES D 15 218, E 17 440 COMMITTING CENSORSHIP CRIMES AGAINST AMERICANS, CHINESE


https://www.cnbc.com/2025/06/05/trump-held-call-with-xi-chinese-media-says.html


President Donald Trump held a phone call with China President Xi Jinping, Chinese media outlet Xinhua reported Thursday.


The call was initiated by Trump, Beijing's Ministry of Foreign Affairs said in a subsequent statement.


The White House did not immediately respond to CNBC's request for comment on the report.


U.S. stock futures rose on news of the call.


Trump has reportedly been eager to speak with Xi, as strained trade relations between the two countries frayed further in the past week.



https://www.chinadailyasia.com/hk/article/613314


BEIJING - China's central bank has introduced a series of measures aimed at helping small and medium-sized enterprises (SMEs) weather external uncertainties and stabilize their operations, according to an official with the research institute of the central bank.


"The moderately loose monetary policy adopted by the People's Bank of China (PBOC) helps expand funding available to the real economy, lower financing costs for businesses, especially the SMEs, and enhance their operational stability," said Ding Zhijie, head of the Research Institute at the PBOC, at the latest episode of China Economic Roundtable, an all-media talk show hosted by Xinhua News Agency.


Ding said the PBOC has taken steps to bolster the smaller businesses by providing stronger credit support and easing their interest burdens.


By the end of April, the outstanding inclusive loans issued to micro and small enterprises reached 34.3 trillion yuan (about $4.77 trillion), up 11.9 percent year-on-year, outpacing the growth of overall lending.


The cost of financing for businesses has also declined. In April, the weighted average interest rate on newly issued corporate loans stood at 3.2 percent, down 50 basis points from a year earlier.


In a further move, the PBOC has decided to add 300 billion yuan to its relending quota, aimed at supporting the agricultural sector and small businesses.



https://finance.yahoo.com/news/live/trump-tariffs-live-updates-trump-and-chinas-xi-jinping-speak-at-last-agree-to-more-talks-191201181.html


major US auto parts group warned on Wednesday that China's new export rules on rare earths could soon cause serious problems for car production. These rare earth materials are used in cars and cameras, and China controls over 90% of the world's supply.


This follows news that China is using a tracking system to monitor and control who is buying and selling rare earths,


Car giants like GM (GM), Ford (F), and Toyota (TM) are already feeling the pressure. Ford has paused production of its Explorer SUV because of rare earth shortages.


Foreign car companies are also feeling the heat. Suzuki Motor's suspended production of one of its vehicles due to rare earth restrictions, and German carmaker Mercedes-Benz (MBG.DE, MBGAF) is looking into building rare earth stockpiles with one of its key suppliers.


In a statement to Reuters, MEMA, the Vehicle Suppliers Association, said: "The situation remains unresolved and the level of concern remains very high. It added: "Immediate and decisive action is needed to prevent widespread disruption and economic fallout across the vehicle supplier sector."



...


China.


The US and Japan are not the only two nations affected by the rare earths restrictions. Europe has also sounded the alarm, with EU businesses lobbying Beijing to set up a fast-track system for approval of rare earth export licences for "reliable" companies.


China's rare earth curbs are seen as part of the wider trade tensions with the US as the two nations seek to reach a trade deal and avoid tariffs.

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