China does not even need tariffs to protect its domestic
market. Who else can make things cheaper than China? China has cheap
energy from Russia (thanks to USA and EU sanctions on Russian energy),
skilled and well-educated work force (thanks partly to the USA
Government harassing Chinese scientists, engineers and students by
forcing them to return and contribute to China's development instead,
rather than finishing their education and staying in the USA to be
targeted for harassment) and a potential growing Global South that is
positive in its thinking about co-operating with China, knowing they are
betting on the right horse (thanks again to the USA creating more and
more enemies who are now clamoring to join BRICS and taking part in
de-dollarization. More thanks to the USA for imposing sanctions at its
whims and fancies on countries that do not toe the line, that makes them
ask 'Who is next?)'
I almost fell off my chair reading the
headline on Channel News America that India has come out to announce
that de-dollarization is not the objective of BRICS. Who is India
speaking on behalf of? Obviously not for BRICS, which was created solely
for the purpose of providing an alternative for countries to move away
from the US$ hegemony. We know India is not interested in moving away
from the US$, knowing its rupee is shunned by every country, even
Russia. India has to rely on the US$ for conducting trade and is
obviously speaking for itself, and certainly not for BRICS's interest. China does not even need tariffs to protect its domestic
market. Who else can make things cheaper than China? China has cheap
energy from Russia (thanks to USA and EU sanctions on Russian energy),
skilled and well-educated work force (thanks partly to the USA
Government harassing Chinese scientists, engineers and students by
forcing them to return and contribute to China's development instead,
rather than finishing their education and staying in the USA to be
targeted for harassment) and a potential growing Global South that is
positive in its thinking about co-operating with China, knowing they are
betting on the right horse (thanks again to the USA creating more and
more enemies who are now clamoring to join BRICS and taking part in
de-dollarization. More thanks to the USA for imposing sanctions at its
whims and fancies on countries that do not toe the line, that makes them
ask 'Who is next?)'
I almost fell off my chair reading the
headline on Channel News America that India has come out to announce
that de-dollarization is not the objective of BRICS. Who is India
speaking on behalf of? Obviously not for BRICS, which was created solely
for the purpose of providing an alternative for countries to move away
from the US$ hegemony. We know India is not interested in moving away
from the US$, knowing its rupee is shunned by every country, even
Russia. India has to rely on the US$ for conducting trade and is
obviously speaking for itself, and certainly not for BRICS's interest.
Anonymous
China does not even need tariffs to protect its domestic market. Foreign manufacturers can do business in China if they can compete with home-grown Chinese manufacturers by offering cheaper goods than those made by Chinese owned factories.
ReplyDeleteThe erection of tariffs is unnecessary for China, as China goes directly for the jugular when retaliating, by refusing to deal with those perpetrators of tariffs, by cutting off imports of products that they produced for the Chinese market. We can see China cutting off imports of most of its agricultural products like soya beans, corn and wheat from the USA. China is also cutting off pork from the EU, going after French cognac as well, putting farmers in the EU at sixes and sevens. Why resort to tariffs, when China can directly inflict immediate pain?
The actions of China in restricting imports from USA and EU benefits BRICS countries like Brazil and Russia among others. What are allies for after all? The further benefit of all this is helping BRICS to de-dollarize by promoting trade among BRICS countries, all outside the purview of the USA and the West and marginalizing the US$ hegemony. Of course, all this can only come about after years of planning and finding alternative sources of supplies, not building toilets when the urge to poo is too strong. Crops need time to grow after all.