What they now fear most about their legacies being
destroyed, and consigned to history, is the internal combustion engine
cars, probably their last legacy left, which is getting killed by EVs.
This
will affect ICE vehicle manufacturers in USA, Japan and EU, in
particular Germany. We can tell that these three countries realize the
consequence of competition from EVs, which China is dominating. And that
is why there is all the talk about increasing tariffs to the sky to
prevent Chinese EVs from being imported into USA and EU.
Many
analysts are saying that even if they increase EV tariffs triple times,
Chinese EVs will still be cheaper than Western made ones. So, how could
EVs made in USA, Europe and Japan hope to compete in the Global South?
Even for their domestic market, they made expensive EVs, impose tariffs
on Chinese EVs to make them expensive, and are in fact punishing their
own people and forcing them to buy overpriced goods.
Raising
high tariffs is the first step of their war against Chinese EVs.
Meanwhile, they want to make hay while the sun shines, as those tariffs
are additional taxes benefitting the Government of the USA and EU.
China
is retaliating. China is investigating dairy products from the EU,
targeting EU farmers as a first step. This is going to hurt the EU
farmers, just like China raising tariffs on soya bean products from USA
at the start of the trade war. China probably has found alternative
sources of supply, for example from Russia, and some friendly European
states and South American countries. The Chinese think years ahead and
act, not on the spur of the moment, and will not be looking back with
regret.
Anonymous
How long can they keep covering up the health and mental capacity of Biden? Biden is literally getting worse by the day and how could they still think he is capable of providing leadership to the sinking USA Titanic?
ReplyDeleteAnd those moronic leaders of Europe are just pretending like the characters in Hans Christian Anderson's folktale about 'The Emperor's New Clothes' saying nothing about the nakedness of their Emperor.
Never have I seen a leader being the laughingstock of the whole world day in and day out. They made fun of him at home. The Italians made fun of him. The Australians made fun of him. We have lots of fun regarding him in Red Dot, LOL. And the whole USA Government just swallow all this without a tinge of shame? This is outrageous. Only in the USA can this ever be allowed to happen and is also happening around the world.
Never has the world seen more of the USA's reputation gone down to the sewers than over the last two decades of USA history. Perhaps it is time for the USA to just fade quietly into the shadows rather than suffering more shame and indignity.
When the USA Humpy Dumpty falls from the top of the wall, all the rest of the G7 cannot put it back together again.
ReplyDeleteSome will scamper to join BRICS, like France. Some will crawl back to join the BRI, like Italy. And the G7 may be left to become G2, comprising USA and UK. Soon, both will be left to reminisce about their fallen empires.
When the US$ hegemony ends, forever war is no longer affordable. Even maintaining those 800 or more military bases becomes impossible without the ability to continue just printing toilet papers.
The British Empire, the biggest in history, collapsed due to its inability to keep its financial support to maintain its control over its colonies, and it had to relinquish them one by one.
Likewise for the USA with regard to all its military bases, aircraft carriers, submarines and troops around the world. And what about those 'iron clad' promises it gave to its cronies? Those cronies will be left blinking and wondering 'what happened to those 'iron clad' chains. They have not rusted yet!'