Today, who is the one wanting decoupling more than the other? I believe China is doing the de-coupling more than the USA.
China is buying less and less of USA agricultural products like soya beans, wheat and corn. China is sourcing more and more of the above products from Brazil, Argentina, Russia and soon Indonesia which has joined BRICS at last. It is a win-win situation developing among the BRICS countries at the expense of the USA and the EU.
Trump can go ahead with his tariffs on Chinese products particularly on EVs which China has a very small footprint in the USA, in fact negligible. On the other hand, the USA is going to lose the Chinese and Global South market totally for its agricultural products, with Tesla already suffering loss of market share in the Chinese market as well. Elon Musk is trying to future-proof Tesla's market share in the USA by cozying up to Trump with his USA first policy, which will favor Tesla's position in the USA. But he faces a very delicate situation with Trump trying to get rid of immigrants which will have a cost factor effect for Tesla in the USA. Musk and Ramaswamy are facing a hostile response from the Whites that favors Trump's policy of deporting immigrants.
Anonymous
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