USA trade war against China failed after all these
years. China is chalking up bigger trade surpluses. USA semiconductor
war against China also failed, with China catching up even faster in
self-reliance had the semiconductor war not risen. Now China is pouring
all resources to catch up, and do not bet against China in this sector
as well.
USA tariffs coming up against China and countries
leveraging on China investments will likewise fail. This is the opinion
of many economists. Why? Because tariffs do nothing to collapse China's
or other countries' manufacturing but basically punishing USA consumers.
Some have woken up, some still sleeping and do not realize that tariffs
are an added tax on them, not China and not anyone else.
As
reported, BYD's sale has rocketed during the last ten months of 2024.
This is despite all the demonization and hurdles placed on BYD. One
social media site, which I do not want to name to promote, had been
engaging in talking cock and singing songs, trying to demonize BYD,
claiming that its cars are catching fire. It even spread the nonsense
that the whole of China is on fire, with all BYD cars on fire. Can you
believe such propaganda? Honestly it nearly floored me just reading the
sensational headlines put up by this site.
China's carmakers
produced about 30 million EVs a year, mostly sold in China, with
negligible numbers actually sold in USA and Canada. The EU market has
more Chinese EVs sold, but there is a tariff war erupting between the EU
and China over EVs, on the instruction of the USA. Let us see who is
going to blink first when China starts to retaliate. Pork and brandy are
just the initial down payment that China is asking the EU to pay first.
Russia is supporting China by cutting more gas to the EU, adding more
misery to the Europeans this coming winter. Port and brandy already are
making EU farmers crying for mercy.
Anonymous
1 comment:
If sanctions are already successful, why did Trump have to resort to tariffs instead, that is literally a slap on his own face. Sanctions will not hurt ordinary USA citizens much, but tariffs are going to hurt them directly in a big way. It is going to be a direct hit on their pockets going forward. Put it this way, sanctions do cause hurt on the sanctioned countries, but tariffs hurt the country imposing those tariffs more than the victim, meaning the voters gets the big end of the stick much more than the country being forced to pay those tariffs.
Trump knows all about that, but he is a good liar and snake oil seller. Trump is using the narrative that tariffs are going to hurt China most of all and will force manufacturing back to the USA. Trump already promised to cut taxes of the rich, and he has to find a way to fund and replenish his coffers to do that. The rich donors like Elon Musk and other high profile Hollywood celebrities have contributed huge sums of money, thanking Trump in advance for his promised tax cuts. Tariffs will be his way of overcoming the problem by robbing the poor to help the rich. Robin Hood in reverse or Hood Robbing tactics.
Tariffs are additional taxes on imports, already pointed out by analysts and ordinary Tom, Dick and Harry, to be paid by importers and added to the cost of the products sold to customers. Those customers are not Chinese manufacturers or nationals, but USA citizens and voters. Understand that clearly and you will see the true motive of the stunt that USA politicians are trying to pull.
In any case, both Party candidates have been trying to use tariffs against China during their campaigning, which is why I say that there is little incentive for Russia or China favoring which candidate to win. Russia and China cares little about who sits in the White House, and the narrative that Putin and Xi are trying to interfere in USA elections is just a phony accusation and a moot point.
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