During the Trump administration, EVs, solar panels and
wind turbines were demonized by Donald Trump himself, because they were
starting to be dominated by China and USA and Europe were falling
behind.
Trump had claimed that wind turbines were killing birds,
the most ridiculous reason of all reasons (could be killing his bird).
Trump also warned EV buyers that he will punish those buying them, in
other words punishing Tesla too. And tariffs were slapped on solar
panels mostly from China. What did these all achieve in the end? It
slowed USA's progression towards renewable energy, and it fell behind
China with another self-inflicted mistake.
Then Donal Trump was
all for expanding USA's oil exploration, fracking and further
investments in big oil, probably the biggest lobby contributing to his
Presidential campaign in 2016.
Despite the onslaught, China
persevered, resisted and expanded production and did not fall for
Trump's political gamesmanship. China is today not only the dominant
player in EVs, solar panels and wind turbines, but also controls the raw
materials for their manufacturing such as rare earths, lithium,
graphite and steel production among others.
China's domination
does not come about by chance. Chinese leaders always look far ahead, 20
to 30 years ahead, betting on those sectors that have the biggest
potential for growth and took control of the source of raw materials
available and building up its refining capabilities, that nobody thought
necessary to challenge. And now the USA and the West have lost the plot
and are trying to play catch up. Catching up is now difficult, or
should I be blunt and say impossible, so they are resorting to what they
do best to pull others down to their level - sanctioning, demonizing,
erecting barriers, increasing tariffs, roping in allies to set up
alliances, all with the objective of stifling China.
And of all
things, Janet Yellen is warning China not to increase industrialization
further, which will make it more difficult for the USA and the West to
pull closer. Good try Janet, just like the oil price cap that she came
up with.
Anonymous
7 comments:
Geriatric Biden senile already. Still got brain meh?
Agree, Biden is gone in the head. Trump is going the same way too. That should balance out in terms of mental capacity for the USA voters to decide. Who are they going to choose? Between the devil and the deep blue sea it is. Or between a rock and a hard place. Hobson' choice really,
It had been a Hobson's choice actually for voters in many elections in the USA. But they still believe their vote is a sign of democracy at work.
IN US, a rapist can become President !
Trump killed off USA's EV, wind turbine and solar panel industries, leaving the door for China to dominate. Fortunately, Elon Musk saw the issue clearly and looked far ahead and Tesla chose to do manufacturing in China and be closer to its main EV market in China.
Biden is taking a leaf from Trump and is killing USA's semiconductor industry, forcing China to innovate and compete against the Chips Alliance. The competition is hotting up and some are feeling the heat. Intel and AMD, including Micron, are having a taste of what is to come.
And the USA can do nothing about it, despite the strutting of its feathers for show by setting up the Chips Alliance and what not. China controls the ownership, extraction, refining and release of the essential raw materials for global consumption, with domestic manufacturers getting the lion's share of those raw materials. That is why companies like Volkswagen and other German entities are relocating to China to take advantage of the supply chain and cheaper energy cost, and thus are able to compete effectively and sell in the China market itself and globally too.
USA makers of EVs, solar panels and semiconductors do not have that supply chain advantage outside China and will be erased from the competition in pricing, not just in China, but globally as well. CEOs of industries are not foolish or daft, but Leaders of Government in the West are still intent to keep burying their heads in the sand. That is also why CEOs of Western conglomerates have been to China recently to set up joint ventures, totally contrary to what their own Government leaders are spouting and repeating of the mantra about the need to decouple or derisk from China.
When are the Western leaders going to wake up from their wet dream is uncertain. But one thing for sure and that is China continuing to reap all the benefits. Do not blame China for benefitting from the miseries of others. Who can blame China? The USA and the West brought all the problems upon themselves, shot their own feet, trying to pull China down to their level.
333 million US citizens and the best presidential candidates they come out with are 2 backward thinking old men, full of hot air, outdated ideas & zero sense.
USA is seriously f*¢ked
It is not the voters that get to choose these two old men. They were purposely chosen and pushed out by the Deep State, for their senility and ease of manipulation, and to provide the voters with the mindset that democracy is working, and they are able to exercise their rights.
The voters do not look beyond their noses to question the insult to their intelligence. Their job is to chant anti-China or anti-Russia slogans at campaign rallies to show their patriotism.
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