So long as USA citizens continue to believe that tariffs and sanctions will make China collapse, the more they will suffer the consequences. They should just look back at those sanctions on Cuba, North Korea, Iran, Venezuela, China and Russia. Did any of these countries collapsed? On the contrary, some have grown stronger, more resilient and more united and making their people more patriotic.
It is eye-opening that interviews by a certain Youtube vlogger of a few ordinary USA citizens on the street are still insisting that China is paying for the tariffs, despite an importer and others trying to educate them that it is USA consumers who are footing the bill. It is difficult to convince nitwit hillbillies whose minds have been conditioned to hate China and refuses to face reality. Too bad.
China is just making a necessary token retaliatory move on increased tariffs against USA on coal, LNG, crude oil, big cars and agricultural machinery, all of US$14 billion worth. USA tariffs on the other hand is reported to affect hundreds of billions of Chinese imports into the USA.
Now, it appears that China is basically letting Trump's increased tariffs bite the USA consumers in time and let Trump shoot them in the head, not in the foot. I was surprised at the light retaliation by China, but thinking over, it makes a lot of sense. China is not going to punish its own people with unlimited tariff retaliation on USA products, not that there are any to speak of, which are moreover already too expensive.
As many have said, China is more well prepared to de-couple from the USA today than in 2016 during Trump's trade war ignition. Business with BRICS has expanded and trade with the Global South has been flourishing. Who does not want cheap Chinese EVs and other consumer products?
Events in the USA are turning into what Carl Sagan feared - A country that celebrates ignorance and reward stupidity. Politicians are becoming more and more stupid and outrageous - all to garner support and win elections.
Anonymous
3 comments:
The world is changing. The USA is moving backwards, literally following and falling into the failed footprints of China a century ago, while China is moving forward, shedding its century of humiliation and moving along confidently.
This is made possible in China by having leaders with hindsight to learn from the past, insight to do what is right for its people and foresight to chart the future direction. Chinese leaders look at priorities, what to support and nourish to grow, while at the same time having the foresight to know what to take control decades earlier to solidify its future. Chinese leaders are not ready made and born to lead but have to go through baptism of fire to reach their position. This has enabled China to have capable leaders and thinkers, with foresight to corner all the resources needed, the logistics built up, the strong foundation to leverage on.
The USA is doing the exact opposite with delusional leaders fond of shooting their own feet with hurried policy changes that do more harm than good for the country. Perhaps the USA is still too pre-occupied with enriching the top 1% that all political leaders come from. Greed is still deeply engrained in the mindsets of USA leaders and the undrained swamp.
USA leaders can do as they like because they are dealing with brain-dead Hillbillies. Tariffs will hurt them, but they will still cheer and clap because they have been told that it is going to hurt China and everyone else.
Trump is about to go mad. He has been ordering every leader in the whole world around. Come to Washington, shut up, sanctions, raise tariffs, and to Canada and Greenland, I am taking over your lands to be part of America, and to Panama, I am taking over your Panama Canal.
The only two leaders he respects and dares not order around are Putin and Xi. He is hoping that Xi would return his call. Xi did not bother. Trump, being a very impatient gangster that always get his way is furious. How can Xi make him wait and refuses to return his call. Everyday Trump is watching his phone to ring, but it is not going to. This is going to drive Trump to insanity. Nobody dares to do that to Emperor Trump. Every leader when ordered would rush to Washington to kiss his ass, or would rush there themselves without being ordered, to kiss his ass.
Wait for the ambulance to take Trump to the mad house.
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