I have a debt of 3 trillion, and my creditors are begging me not to die.
Chapter 361 Tariff Stick
Early in the morning, Li Changxiu, president of Xingchen Mining Group, brought Yang Chen some good news.
Engineers discovered high-content nickel ore near several of Er Mao's mines, estimating a yield of 30 tons of electrolytic nickel. This was an unexpected discovery, and Li Changxiu asked Yang Chen if he wanted to inform Er Mao's family of the news.
Isn't that a joke?
Those mineral resources and land have already been sold or leased to Yang Chen. Anything mined belongs to Yang Chen, so there's no need to communicate with Er Mao's family.
but.
Yang Chen knew foreigners too well. They were a bunch of scoundrels with no credibility whatsoever. If the Er Mao family knew that there were more than 30 tons of nickel on top of the existing mines, they would definitely feel unbalanced and ask for money.
Although Yang Chen wasn't afraid of being extorted, it was better to avoid trouble and keep it from Er Mao's family. He could just quietly mine it and mix it with other ores to transport it back.
The current price of electrolytic nickel is over 12 Dragon Coins per ton, so 30 tons would cost 360 billion Dragon Coins.
Nickel is an essential raw material for batteries, and using it in batteries can generate more profit than simply selling nickel.
Most importantly, these are all free profits, so we'll definitely make a lot of money quietly.
Li Changxiu quickly followed Yang Chen's instructions and issued a secret order to the engineers on Er Mao's side to expedite the mining and transport the waste back to China.
The short-selling of stocks and futures by Sihai Investment and Bald Eagle Capital on a global scale quickly attracted the attention of other countries. They first inquired about the news from Wall Street, but Wall Street remained tight-lipped and refused to reveal a single word. Helpless, they could only contact Yang Chen to inquire about the news.
Yang Chen naturally wouldn't tell them the truth; he'd let them guess.
However, such things could not be kept secret for long. The bald eagle has intelligence agents in other countries, and other countries must have intelligence agents in their countries as well. So soon, countries learned about the bald eagle's next plan.
In Europe, the EU is holding another meeting.
The French representative said, "I suspect that Yang Chen has been wiretapping us. We were just about to use tariffs against him when he shorted our capital markets and dragged the US into it. It's outrageous."
The Italian representative immediately said, "I've heard that the U.S. now insists on counter-surveillance during meetings to ensure there are no listening or monitoring devices present before they even sit down to hold a meeting. I think we should do the same, conducting comprehensive counter-surveillance and counter-monitoring of the meeting venue."
The German representative said, "Does Yang Chen have that ability? This is clearly a plan by the Bald Eagles, and Yang Chen just overheard it, so he's following their lead and shorting the market. Now, let's stop discussing whether or not we're eavesdropping and quickly discuss countermeasures. If the intelligence is accurate and the Bald Eagles really are doing this, we can't target Yang Chen, otherwise we'll lose the world's first and second largest economies, and the consequences will be unimaginable; our economy will collapse."
The Spanish representative asked, "Why can't we do it? The bald eagles have been dreaming of reaping their profits. This time, we'll keep pace with the bald eagles, and they'll definitely compromise. We'll take back all the money they've made before."
"Haha..." The representatives from various countries laughed heartily, as if they had already successfully reaped the benefits of the Dragon Kingdom.
The German representative quickly said, "What if they retaliate in kind? We'll lose the markets of both the first and second largest economies, and then we're finished."
The French representative retorted, "What makes you think they'd dare retaliate in kind? We're allies with the US, after all; we can definitely resolve this through negotiations. They're the ones who should be losing both major markets, unless they meet our demands. German representative, you always side with them. What exactly do you mean? Which side are you on?"
The Italian representative seized the opportunity to mock, "Haven't you realized yet? Germany has long wanted to be their subordinate, but they just haven't been able to achieve it."
The German representative immediately retorted, "Fuck! Do you think everyone is as brainless as you? We always consider issues from the perspective of what is in the best interests of Germany and the whole of Europe. You short-sighted laymen only know how to act according to political correctness. Sometimes I feel ashamed to talk nonsense with you short-sighted people who have no political intelligence."
The Italian representative angrily retorted, "Fuck! Then leave! What are you doing here?"
The German representative sneered and said, "Fine, let's go. You can keep talking!"
Tusk quickly tried to stop the German representative, but the representative did not stop and insisted on leaving the venue.
The German representative was well aware that a resolution without German participation could not be implemented, and his non-participation in the resolution gave Germany room to maneuver.
If the situation is unfavorable to the EU, he can tell China that Germany has not participated in the EU's decision-making and hopes that the economic and trade relations between the two countries will remain unchanged. Based on China's principle of making money through harmony, he will surely let them have their way.
If the situation is favorable to the EU, other countries will certainly pull Germany back, because Germany is the leader in Europe, and without their participation, any EU decision-making seems less authoritative.
At this point, Germany can join other EU countries in sharing the fruits of victory.
In comparison, the political intelligence of other countries' representatives was indeed lacking; they simply followed the political correctness doctrine without any real understanding. The German representatives, on the other hand, were clearly more astute.
This day is finally here.
The U.S. stock market began to fall as soon as it opened because capital supporting the current government had received advance notice and was allowed to exit within half an hour of the market opening, with the tariff policy to be announced at 10:00 local time.
These massive sell-offs by capital will also cause a general drop in the stock market, keeping pace with Yang Chen and his group's short selling.
At 10 o'clock sharp, the U.S. government officially announced its tariff policy, the first step of which is to impose a 50% tariff on all countries.
As soon as the news broke, the Nasdaq and other major indices plummeted by 5 points, and the Dow Jones and other major indices followed suit, also plummeting by more than 5 points, and are still falling rapidly.
Meanwhile, stock markets in the Americas and Europe plummeted, while those in Asia had not yet begun to decline at this time of night.
The core members of the Bald Eagle family were all grinning from ear to ear as they watched the stock markets of various countries plummet.
"Haha... This time everyone can make a lot of money. Earning tens of billions of Eagle Dollars a day is not a problem."
"Haha... This way of making money is so much faster. Why bother with manufacturing? You work yourself to the bone, and can you really earn this much money in a year? We only need one day."
"We always need an excuse to do things, otherwise those people in China won't support us. The return of manufacturing is our best excuse."
"Ha ha……"
"I finally understand what it's like to be Yang Chen. With just a flick of his finger, he can earn billions, even tens or hundreds of billions of dollars. To be honest, I think we should really cooperate more with Yang Chen in the future. Isn't the point of working to make money? We're all in our 60s and 70s now, how many more years of good life do we have left to enjoy? At least for the rest of our lives, the United States will definitely remain the global hegemon. As for what happens after we die, we're all dead, who cares about the deluge?"
"You can't say that out loud, you just need to understand it in your heart. We no longer have the possibility of using force to maintain our hegemonic status, so we can only use financial and trade means to prolong our time as hegemons as possible. As people, we must recognize reality, we can't live in the past, and we can't be blind to reality."
Meanwhile, the EU convened an emergency meeting.
The French representative said, "Has the US gone mad? Starting with a 50% tariff, how can they compete? Don't they care about their domestic inflation and unemployment rates?"
The Italian representative said, "Based on my understanding of them, they are definitely bluffing. They cannot possibly impose such high tariffs; their country simply cannot afford the consequences of such high tariffs."
The German representative said, "Let's wait and see how China reacts. If China doesn't react, it means the US is bluffing and deliberately creating an excuse to trap other countries. If China reacts strongly and imposes equivalent tariffs on the US, it means the US is serious. We'll hold back for now and wait for a resolution between China and the US."
Representatives from various countries nodded in agreement with the German representative's opinion, suggesting that the EU's response should be decided after observing the outcomes in China and the US.
Not only them, but also Japan, South Korea, and other countries with close trade ties to the United States are waiting to see the outcome between China and the United States. Since they want to see it, let's put on a show for them as planned: first, impose tariffs on each other, then negotiate a preferential tariff rate.
Global stock markets fell due to tariff issues, but the Dragon Kingdom's stock market remained unaffected because Yang Chen invested nearly 4000 billion yuan to buy stocks, so it was unaffected.
Seeing that the time was ripe, EU President Tusk called the US to seek cooperation and share the spoils of victory.
The leader of the bald eagle laughed loudly and retorted, "What makes you think we're willing to cooperate with you? And what makes you think you're entitled to share the spoils of victory? Is your military strength even worth mentioning? You want a beating, don't you?"
Tusk quickly added, "We are indeed having a bit of a hard time, but aren't you guys here?"
The leader of the Bald Eagle laughed loudly and then said, "Shut up! How much money have we spent over the years protecting you useless allies? Our Bald Eagle people are full of complaints. If you want to cooperate, then increase your military spending to 5% of GDP. To prove your sincerity, first buy 1000 billion Bald Eagle dollars worth of weapons to support Russia. Once these two things are done, we can continue to talk."
Tusk was stunned. Wouldn't increasing military spending to 5% of GDP be tantamount to suicide?
With global economies already sluggish and fiscal deficits mounting, raising military spending from around 2% to 5% at this juncture is nothing short of suicidal.
And why should they pay for the equipment of the Bald Eagle to support Russia?
Shouldn't the bald eagles and the others contribute money to support Er Mao?
“Don’t you think these two requests are a bit excessive?” Tusk asked.
The leader of the Bald Eagle chuckled and retorted, "Is this considered excessive? If you don't obey, we will continue to impose tariffs on Europe. Let's see how long your economy can hold out."
Tusk: "..."
That's ridiculous!
This is wrong!
That’s not the plan!
They planned to sit at the table and eat the meat, but they ended up becoming the meat themselves. That's a huge deviation!
"Alright, I'm not going to waste any more words with you. I have too many calls coming in, and I need to negotiate with other countries. I've already laid out my terms, and you'd better do as I say, or you'll face the consequences! Bye!"
"..."
Tusk was furious and quickly contacted representatives of various EU countries to discuss countermeasures.
Unsurprisingly, disagreements arose within the EU, but in the end they decided to play it safe and did not announce high tariffs on Yang Chen's products at this time, lest they find themselves in a difficult position.
Meanwhile, in China, the Spring Festival holiday has begun, and everyone is happily reuniting with their families to celebrate the New Year.
But the foreigners were extremely busy, all queuing up to negotiate with the bald eagle.
After the Spring Festival holiday in China ended, the results of negotiations between various countries were gradually released.
The EU was forced to accept the demands of the US, increasing its military spending to 5% of GDP and allocating 1000 billion euros to purchase weapons from the US to support Russia.
However, this is not the end of the story. They also plan to invest 6000 billion Eagle Dollars in the Bald Eagle, not a penny less.
The money is to be freely disposed of by the bald eagle, and 90% of the profits will belong to the bald eagle.
To put it bluntly, the EU is going to give the US 6000 billion peso to the US, and in return, the EU will receive 10% of the net profit every year. The principal and the remaining 90% of the profit are not to be expected.
Even so, the bald eagle still imposed a very high tax rate on them.
Following suit, Japan and South Korea also reached agreements with the United States, with one investing 5500 billion U.S. dollars and the other 3500 billion U.S. dollars in exchange for a tax rate similar to that of the European Union.
This wave of global stock market decline should be coming to an end, and Sihai Investment's short positions are being closed out one after another.
Zhao Jing, president of Sihai Investment, came to Yang Chen's office to report on the battle situation.
"Chairman Yang, the profit from this operation has been calculated, totaling 1378.45 billion Eagle Coins."
Yang Chen nodded and praised, "Not bad, it's a little higher than my estimate of 1000-1100 billion Eagle Dollars. Everyone has been working hard lately, especially during the Spring Festival holiday. Give them three days off and a bonus of 5 each, so they can relax."
Zhao Jing quickly replied, "Okay, I'll inform them right away."
You won't find another boss like Yang Chen in this world. Which boss would give all employees a 5 yuan bonus after making a lot of money? They would probably want to squeeze more money out of their employees.
Pacquiao called Yang Chen.
"Haha... Mr. Yang, we are very satisfied with this operation. Have you finalized the list of partners yet?"
"You guys are really making a killing, earning billions, even tens of billions a day."
"Haha... Same here, same here, Mr. Yang has made quite a bit of money too."
"I'm just making a little money from hard work, it's nothing. I've already finalized the list of partners, I'll send it to you later. We'll start with Luoshanji and develop it into a cyber city like Jiangcheng."
The reason for starting with Luo Shanji was, of course, because Governor Nelson was Yang Chen's loyal partner.
If it were placed in another city in another state, it wouldn't be as safe.
Pacquiao immediately replied, "No problem! You decide where to start. Send me the list, and I'll contact the company representatives right away to finalize it."
Yang Chen hung up the phone and sent the list of companies he had selected to Pacquiao.
The company is called American Airbus Group. The "American" in this name refers to the beauty of the Americas. Yang Chen's idea is to use the bald eagle as a base and cover the entire Americas with this business so that he can make more money.
Yang Chen personally holds 67% of the shares, California Governor Nelson controls 5% of the capital, and the remaining shares are distributed equally among other capital entities.
Yang Chen selected 20 star companies from the Bald Eagle Capital portfolio, including BlackRock, Goldman Sachs, JPMorgan Chase, Boston Dynamics, Apple, Microsoft, Berkshire Hathaway, Tesla, and General Motors.
The purpose of choosing these investors is simple: to leverage their strength to ensure that the business will not be hindered in the later stages and to facilitate the expansion of the business in the Americas.
Pacquiao was naturally dissatisfied after reviewing the list and equity division, but he dared not express his dissatisfaction. He could only negotiate with the capital managers on the list according to Yang Chen's proposed division ratio. (End of Chapter)
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