Without chaos, without instigation, without hyping up threats, how to have wars.
Without wars, how can the USA war economy sell weapons. Without selling weapons how can the USA benefit?
As
the world wise up, infrastructure development becomes more important
than weapons for fighting against each other causing destruction. As
de-dollarization picks up steam, and countries no longer feel safe with
investing in US Treasuries, global production likewise no longer need
the US$ for all trading activities. The USA needs to go back to basics
to survive, which is by in shoring manufacturing. But they already do
not have the logistics to do that and have to start from scratch. How
can they compete knowing their industrial endeavor is already behind
most others?
One alternative is pulling others down, so that
they can go top again. Hence their campaign against anything Chinese to
put China down to the stone age. It will not work.
Anonymous
1 comment:
The damage that tariffs will do to the USA is not totally understood in the longer term. But it does not matter to the two Presidential candidates as they know they only have four years to wallow, turn a deaf ear, print more toilet papers before throwing the problem to the next one.
First of all, Chinese EVs are not selling in the USA, but will overwhelm the USA market in time to come if not nipped in the bud. USA legacy vehicle manufacturers know that and are terrified of Chinese EVs destroying their legacy, and the Government had to succumb to their lobbying to stop Chinese EVs from cornering the USA market. It also is a financial windfall for the Government, laughing all the way to the bank at USA consumer's expense.
Next, without competition, innovation goes out the window and the USA will lag further behind the Chinese in clean energy vehicles and technology. The only way to move forward is taking competition head on under a level playing field for innovative technology to improve. Right now, EV technology is still far from mature and is innovating.
EV manufacturers like NIO are reported to be selling EVs without batteries, going big into battery swapping, instead of selling EVs with batteries that will make the vehicle cost much more. Tesla is also dabbling in EVs using battery swapping, but how far ahead is not clear. The USA already lost the edge, and this may not be possible even today for the USA to compete. It is too little too late even to try.
Apart from that, tariffs are an added cost for consumers who will be unable to buy cheaper cars and have to buy expensive cars made in the USA. Expanded to other consumer goods from China, tariffs are going to make cost of living a big issue in years to come.
There is now a port strike in the USA, with port workers demanding a 77% rise in wages. I could not believe that the port workers are demanding such an astronomical 77% wage increase. Putting that into perspective, it will add to the cost of goods imported into the USA. These port workers must be desperately trying to cope with the cost of living to make such atrocious demands.
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