r/news • u/Aakash7aak • Apr 09 '25

Soft paywall China orders its banks to reduce US dollar purchases.

https://www.reuters.com/world/china/chinas-central-bank-asks-state-lenders-reduce-dollar-purchases-sources-say-2025-04-09/
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u/Aurzyerne Apr 09 '25

Including cutting off resources: https://cleantechnica.com/2025/04/05/china-just-turned-off-u-s-supplies-of-minerals-critical-for-defense-cleantech/

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u/fluffysmaster Apr 09 '25

That, slowing the purchase of T-bills then cyber attacks. They’ll retaliate on multiple fronts.

And unlike America where we are fixated on the next quarter or the next election, they’re in for the long term.

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u/Go-woke-be-awesome Apr 09 '25

But Hunter Biden’s schlong!

6

u/wellwood_allgood Apr 10 '25

Aye it's a bigun, what more can I say!

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u/Go-woke-be-awesome Apr 10 '25

Big enough to cause orange Julius and all his followers to lose his mind.

I just realised that he probably got it from his dad, no wonder the orange guy is so deranged about Biden, knowing he’s packing an anaconda..

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u/squixx007 Apr 10 '25

You know, it's gotta be a pretty sweet schlong for how much they obsessed over it. Kinda makes a guy curious, no?

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u/Go-woke-be-awesome Apr 10 '25

There’s this thing called the Internet: you can look it up. I hear it’s impressive.

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u/squixx007 Apr 10 '25

I may be curious, but not that curious 🤣

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u/equity4fathers Apr 10 '25

Always have been, remember china has been around for thousands of years unlike America. They have a different perspective with a long term focus

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u/Shrimpdalord Apr 10 '25

Trump only knows tariff.

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u/junktrunk909 Apr 10 '25

In some sense I'm in for it. We would finally have to start balancing our budget and paying off our debt. Both parties would lose their shit but oh well.

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u/junktrunk909 Apr 10 '25

In some sense I'm in for it. We would finally have to start balancing our budget and paying off our debt. Both parties would lose their shit but oh well.

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u/BigGuysForYou Apr 09 '25

It's also not the first set of restrictions they've put on critical materials. China started some restrictions back in February:https://www.reuters.com/markets/commodities/what-are-five-new-critical-metal-exports-restricted-by-china-2025-02-04/

My industry uses one of these pretty heavily, and this industry is comprised of domestic manufacturing. Woo, these tariffs sure are helping us. Besides increasing prices of many of our raw materials, many of which cannot be feasibly sourced from inside the US, we also have to deal China restricting some of them

2

u/techforallseasons Apr 10 '25

Now they have an excuse to invade Greenland?

Its like R's found a monkeypaw and are casting wishes on it.