The way Trump is doing, walking back and forth with his tariffs is doing more harm than good to the USA economy. USA investors are at a loss as to know what to expect and are holding back, especially in the manufacturing and agricultural sector. In honesty, Trump is just like a headless cockroach, not knowing which way to move and could land up in the sewers. This is certainly not what he expects, thinking that it is easy to con people using his six-time bankruptcy experience. If he is not careful, he may chalk up another monstrous bankruptcy - that of the USA itself.
Since Trump took office, the Dow has lost more than three thousand points, and a recession fear is surfacing. Trump has no clue whether to go ahead with his tariffs or backtrack on his actions. In trying to collapse the Global economy and that of China and allies, he is in fact doing more harm to the USA.
Suffice to say, Trump is making BRICS even more relevant and China even greater today. Of course, he does not know that he is falling deep into the trap set by China, punishing even allies and trade partners that have huge Chinese investments in their country. What he does not understand is that the USA too have investments in those countries, such as vehicle manufacturers like Tesla and Ford, and they are being punished as well by Trump himself, shooting his own foot.
Instead of shouting 'Make American Great Again', the reality is that Trump is doing everything to 'Make China even Greater again'. I do believe in Karma.
Anonymous
8 comments:
Eventually, the headless cockroach will end up in the sewers. One more feather in Trump's cap - a seventh bankruptcy, the mother of all his bankruptcies.
All the time pushing for manufacturing and shipbuilding to be relocated to the USA. Does the USA have the skilled workers to do the job? Or just rely on fake talents to do it, like Boeing.
And the sick congress is going to stop Chinese students going to their universities.This is giving China a big helping hand. Now there won't be any leakage of non returning Chinese students who might be brainwashed by the yanks.
The racist whites hate Chinese and finding all silly excuses to attack China and Chinese. Soon they will all have to work for Chinese.
TSMC will be the first case of moving to the USA and will be the showpiece on how manufacturing will fail miserably in the US.
Right now, many are saying that the battle of technology and AI is fought between mainland Chinese and other Chinese particularly Taiwanese, outside the mainland. Nvidia is headed by a Taiwanese Chinese, Jensen Huang. AMD is headed by Lisa Su, another Taiwanese Chinese. Intel just had a new Malaysian Chinese CEO, Tan Lip Bu, but he just inherited the position in a company founded by others.
We also know Morris Chang, another Taiwanese Chinese, who founded TSMC. now the top of the game in foundry technology, whose top leadership are all Taiwanese Chinese.
All the above are now at the top of the technology game, competing against the mainland Chinese.
The battle of AI, when hardware is concerned, is between Taiwanese Chinese and Mainland Chinese. When software is concerned, it is between Mainland Chinese and Chinese in USA.
TSMC would soon be headed by an Indian and be renamed ASMC ie American SMC. Then many Taiwanese engineers would be replaced by Indian engineers.
But what can Indian engineers do with ASMC? Bring ASMC down like Boeing? That will be a blessing in disguise for China and will make China even greater than before.
Indian engineers have no clue about cutting edge tech. Apple moved some production to India, found out the hard truth about Indian engineers and wants to go back to China. Not so easy now, because the seat has been taken.
The new company should be ISMC, India SMC.
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