Only those in a position of weakness needs sanctions and tariffs to keep up its appearance of being strong.
China is in a position of strength - cheap energy, skilled workers, control of raw materials, strong manufacturing base and most importantly a huge domestic market that even foreign companies have to rely upon, without which they cannot hope to find alternatives.
The other reason favoring China is having BRICS and Global South countries giving strong support and enjoying all the benefits of cheap products, which they would otherwise have to pay an arm and a leg for if supplied by the West. Who does not want cheap products leading to a lower cost of living, knowing that most Global South countries are not high-income earners.
The expansion of BRICS and de-dollarization cannot be denied, even if the USA is dead set against it. The Biden Administration obviously is downplaying it on the surface, while Trump is openly hostile towards it. BRICS may be moving in incremental steps and carefully charting its course, which the USA and the West can try to belittle now. They can continue to question the real purpose of forming BRICS, but that is due to their insecurity, paranoia, and fear of losing the US$ hegemony.
Anonymous
2 comments:
Tariffs or actually Import Duties or Taxes are mainly to protect the local industries and manufacturers of their SAME Goods.
What's the Hell for if the UASS does NOT have the same to protect?
Must be implemented smartly to make sure that the local ones are more saleable than the imported Ones.
This Dotard harebrained simply across the Board had Tariffs even on their essential and not producing themselves ones.
The Consumers are going to bear the brunt of the extra payments by the Importers.
Good, good let their Americunts start to riorts and burn their cities and slumps down when they could not bear the extra costs.
The Blacks are awaiting already had their shopping lists after Christmas Sales to loot.
MOT this Trump shall be Tramp.
Just watch the fun in January when the clown takes office. The 'Mother of all Circus' will be giving a gala performance, hosted by Trump.
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