The seeds of de-coupling from China are really sprouting
fast and furious, that will eventually cripple the USA instead of
China.
Chinese drugmakers have been making pittance providing
the essential raw materials for USA drug makers, who in turn makes
billions 'freeloading' on cheap Chinese pharmaceutical raw materials
over the years.
Now the USA Government is trying its very best to
get rid of Chinese companies providing essential raw materials for the
USA drug makers inside the USA citing, as usual, National Security
Issues. These USA drug makers, just like Apple, makes billions every
year leveraging on the cheap costs of their raw materials sourced from
Chinese companies. These Chinese pharmaceutical providers have their
supply chains inside China and are able to provide much cheaper products
for their USA counterparts.
The USA Senate is passing a law to
prevent USA drug makers from doing business with Chinese drug raw
material providers in areas like cancer and HIV. These USA drug makers
depend on those Chinese companies to provide the basic essentials for
their drugs and will suffer catastrophic crippling in their ability to
function, which will ultimately affect those dependent on those drugs.
USA patients with cancer and HIV, among others, will have to pay an arm
and a leg for such drugs. Medicare in the USA is already hitting the
exosphere and medical insurance is getting out of reach.
The
main source of materials in this comment is culled from Kevin Walmsley's
site - 'Inside China Business'. Do visit his site for more details.
aNONYMOU
5 comments:
Now the USA is trying to dominate the world's copper, when China already holds an iron grip on supplies. It is too late for them and an exercise in futility.
Why trying to take back what is already lost for good? Too late for that. Just concentrate on the overcapacity in toilet paper printing and keep inventing sanctions on others. These are the areas that they can dominate, for now.
Sweeping the floor to scavenge what is left by China is just what the USA is doing.
The USA and EU are not the only market for Chinese products like EVs. Trying to increase tariffs by 100% only hurts its own people.
The rest of the Global South will have even cheaper Chinese EVs and is that going to cripple China?
Has Trump's trade war many years ago crippled China? How could a crippled China still be accused of having overcapacity in Industrial output? Where is the logic?
https://youtu.be/jCdDSOMoIn0?si=ZyvWUYleUgYSB2Wi
This video of Wolf's Responds to Biden's Protectionism New Tariffs Aim at China said it all.
Point Blank at their Numb Skulls.
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