How the USA could be so wrong in its foreign policy strategy is appalling. All the attempts to punish other countries, particularly Russia and China have more or less backfired very badly. Which policy has been working well - not the Ukraine War, not the trade war, not the EV war, and soon not the chips war, I am sure. I am not betting on China losing the chips war.
The sanctions on Russia backfired badly on the EU, which I believe the USA and NATO had not expected Russia to be still standing. Those sanctions have and Russia's retaliation have instead deprived the EU with cheap energy and gave China a gift of cheap energy to feed its high industrial needs and makes China's manufacturing even more competitive. On the other hand, lack of cheap energy from Russia is crippling the industries of Europe very badly.
The trade war started by Trump against China did not do very well at all. Trump had not expected China to retaliate despite his warning. China is no longer going to endure another century of humiliation that is for sure, and it retaliated. And China's retaliation against the USA was to have dire consequences for the USA, particularly with its agricultural sector targeted, which is now in tatters with Brazil, Argentina and Russia filling the void and is also making China realize the danger of depending on just one source for much of its food needs. This is giving impetus for Brazil, Argentina and Russia to grow their agricultural sector at the expense of the USA going forward. That is one misstep that the USA made and is now being found to be extremely costly leading to farms going bankrupt by the thousands.
The other massive misstep was the chip's war, which is forcing China to go all out to fight it out with massive investments to achieve self-reliance. Now, this would not have happened if the USA had been content to keep the status quo and let China depend on them and its allies for high-end chips. But the USA choose to awaken the dragon by poking and thus opening its eyes to provide competition to the USA's and its allies, destroying their chip monopoly in the process.
Anonymous
3 comments:
Good morning All
China actually as their Chinese Mantra "Good comes and Good Goes" aka ""Ho Lai Ho Kee"
Promised to buy from the UAss their Agricultural Produce as Trade Offs for also their Exports to them.
But these Scoundrels wanted to play the Squid Games of Hantam Bolas so China had to also played with them.
Now the Bolas hitted them harder and kena their Bolas.
Cheers
https://vt.tiktok.com/ZS6U5Mj6r/
Elon Musk and ViviRamasamy aka Vivi Sinkies same same wanted Foreign Talents to Americunts and ViviSinkies to replace Sinkies.
Prepared to RTS.
The Indian foreign talents would Make America Great Again, and would bring Singapore to the first world. with the Indian foreign talents, Singapore will sink into the third world.
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