What works under Trump? Oops failure would be a better word. Let me see:
We are going to make Mexico pay for the wall gloated Trump. It did not happen. Trade wars are easy to win boasted Trump. Not much winning is evident after all these years. Drain the swamp, shouted Trump. The swamp gets swampier and stinker every four years.
What works under Biden? More of the same as under Trump.
Russia will collapse with our sanctions. It looks like the EU is collapsing instead. We will bring back manufacturing to the USA, using subsidies which is not going to work and building up supply chains is too little too late. Denying China access to high-end chips just makes the Chinese pour more resources into chip development that will come back to haunt the USA, Japan and South Korea. It would have been better for USA not to poke the dragon by starting a technology war. Someone is going to regret it immensely.
Moreover, the USA and the West are now waking up to the hype about high-end chips, when the importance of legacy chips in so many sectors like the military have been overlooked. Now the USA is scrambling to target legacy chips which the Chinese already dominate. Now the USA is trying to shoot the feet of those who invested in building semiconductor manufacturing facilities in the USA. More subsidies?
Anonymous
3 comments:
Good morning All
Now with China's banning all their essential rare earth materials for even manufacturing of domestic appliances and others, all these industries that are unfriendly to China can close after the New Year and have your Semi Winter, Spring, Summer, Autumn and again Winter Holidays.
Also your Five Meals LG aka Life is Good is going to be One Meal or No Meal.
Then have to play the Squid Games 3 liao!
Cheers
The USA is conducting economic warfare against India now, giving India all the bad publicity which is causing investors to pull out investing in India. This is a terrible situation for India going forward. Which other big country is going to fill the void? Not China definitely!
The USA had conducted the same economic warfare against Hong Kong, Vietnam and I believe Bangladesh, all with huge Chinese investments, not to talk about Russia. However, the difference between India and the others is significant, but seldom talked about on MSM. China openly discourages Chinese investors to invest anymore in India but is not doing the same in Russia, Vietnam, Bangladesh or Mexico and Brazil.
USA investors pulled out of Vietnam, which already happened some time ago, but with Chinese investors moving in, the effect was not as bad as what the USA wanted. It is the same as in Russia, with Western companies moving out and Chinese investors filling the void. The harm was minimal. Likewise, Mexico is not succumbing to Trump's threat, knowing that China is waiting in the wings to move into the void that will be there when USA investors pull out.
India is in a different situation, with Western investors pulling out but without Chinese investors ready to fill the void. This is why antagonizing China is coming back to haunt the Indians in more ways than one.
Nothing works under Trump or Biden is a reality.
Take the attempt to muscle in on energy supply to Europe by bombing the Nord Stream pipelines. Before the bombing, Trump was already putting sanctions on countries involved in the construction of Nord Stream 2. The Russians did the final touch to the Nord Stream 2 pipeline construction itself and that rattled the USA.
When Biden took over, he tightened the screws further by forcing Olaf Scholz to refrain from opening the Nord Stream 2 for operation. Biden even gloated about putting the pipelines out of operation for good by using any means at his disposal. The USA can deny all it wants about its involvement over the bombing. the fact remains that many countries doing investigation over the bombing declined to name the culprit, which is too revealing a stance.
Why has it turned out that the bombing of the pipeline failed to fulfil the USA agenda? It is obvious that the EU is not depending totally on USA oil and gas, being able to source for cheaper alternatives by buying cheaper energy probably from China, India and Saudi Arabia, which are basically still highly discounted Russian oil switched or mixed with others to musk its origin. That is why Trump is trying to force his hand by threatening the EU with tariffs if they do not buy more oil and gas from the USA. How much more clearly defined can it be with this threat showing that the USA wants to monopolize energy supply to the EU all along. Think about it.
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