French cognac producers are saying that tariffs on
cognac by China has nothing to do with tariffs on EVs. Really? France
wants to eat China's lunch, and when China wants to eat French dinner,
they cried foul. What kind of a warp mentality is that?
Now
Mexico is being targeted by Trump with a 25% tariff on Mexican imports.
Mexico's new President, Claudia Sheinbaum has warned Trump of
retaliation that comes with any tariff imposed on Mexican exports to the
USA. The 25% tariffs threatened by Trump was an attempt to cut off
Chinese manufacturers investing in Mexico to evade USA tariffs in the
first place by punishing Mexico.
The USA automakers also have
large investments in Mexico as well and will be affected too. The USA is
literally cutting its nose to spite its face, but the intention was to
force manufacturing to relocate to the USA, which is impossible to
achieve.
Mexico has a trade agreement with the USA, which Trump
is going to dismantle. But Mexico is a big country to be threatened,
having trade relations with China and other South American countries.
Mexico is interested in joining BRICS and Trump is making that happen
much faster.
What about BRICS saying that any enemy of the USA
is our friend and are welcomed? Trump is going to make 'Mexico Great
Again', a mantra we will be hearing more often with other countries. No
wonder even Russia and China went all out to congratulate Trump over his
re-election, Putin sarcastically of course, while Xi said that the USA
citizens have chosen what they want.
You will notice that both
Putin and Xi are not fazed by the USA election result. Talk about Russia
and China interfering in the USA election that is of no difference to
them.
Anonymous
3 comments:
Good morning All
Simply put whether a country imposed the Tariffs or taxes on the goods that they supposed to tariff can do without it.
No one be the wiser.
These Tariffs are just threatening hot airs to frighten the sellers countries to browbeat them that their products won't not be able to sell as good if their prices are too high for the consumers.
After all these extra taxes goes into the Government coffers.
Only desperado governed that needed these cash would implement them.
But the downside is that their own masses are been paid and burdened and could caused inflation and unhappiness and shall be a political cause.
China for example can simply waived their threatening Tariffs in their imports as they wanted to have their cost of living for their peoples low.
They could afford it as they are already flushed with cash.
Also they would not want yo burden their own masses.
For the luxury items that are essentially not a must for their peoples liviehoods for example the liquor, the branded luxury items they could implement the Tariffs.
One stone kills all birds. This could subject their own to spend less on these not necessarily used items and at same time hits the sellers that their goods are not selling as much.
Then the sellers would vented their anger on their own Government for causing all these lost of profits.
In the end Dotard Trump and his Asses shall face the Wrath of their own masses.
Cheers
Trump is the bogeyman used by Putin and Xi against the USA voters. It is working like a charm. Only thing is that most of the voters are still in dreamland, fantasizing on Trump's tariffs going to punish China into collapsing and making USA great again. Of course, China has to collapse to make the USA appear great again. I thought the USA is already great after Trump's first term. Sorry, wrong number!
Trump is also being discreetly used by Putin and Xi to escalate the trade war spilling over into other countries now, with those tariffs threatened against every country on the de-dollarization wagon, against those countries inside BRICS and those joining BRICS. Making other countries suffer tariffs together with China is going to isolate the USA further and escalate de-dollarization. Another example of shooting the USA's own feet is playing out.
It is good that the USA voters still do not realize what they are in for. Let them be. As someone said earlier - 'Never try to correct the mistake of your enemy'.
Putin and Xi are secretly happy that Trump won. But they cannot say this aloud, as the USA will accuse Putin and Xi of interfering in USA elections.
Both Putin and Xi must be congratulating each other 'when a plan comes together' to quote Hannibal Smith of the A-Team.
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