Now Trump is threatening a 25% tariff on countries buying Venezuelan oil. In other words, Trump wants to control global trade using his tariffs to threaten those who go against him. Suffice to say, this is targeted against China and India, the two top buyers of discounted oil from Venezuela.
Why isn't Trump already doing the same thing with Russian oil by imposing a 25% tariff against China, India and of all countries, Saudi Arabia, knowing full well that the latter three countries are buying Russian oil like no tomorrow?
Let us be honest. In time to come, countries will know how to navigate those tariffs, just like those sanctions that have failed to take down any country, including Venezuela, for tens of decades. Trump can play around with his tariff threat, like playing around with his pussy grabbing hands, which will not be effective if all BRICS and Global South countries curb exports to the USA and just do more trade among BRICS countries using their own currencies. Such moves by Trump will hurt USA consumers the most.
Countries must always remember now that the USA is not the only market for their products unlike in the past. USA citizens are no more the rich guys with high spending power. That has already been overtaken by the East, like the Japanese and Chinese. Some USA citizens even need two jobs to put food on the table and pay the rent, so how much spending power is left which can allow them to go for extras. The rich got richer with tax cuts and help to grow richer from their donations to power grabbers, the middle class have been destroyed, while the peasant class are struggling just to survive. What else is left to provide a big enough market for imported goods? Ironically, this is the USA, the richest country in the world, not communist China.
Moreover, the USA is not in a position to provide cheaper substitutes for its own consumers without most cheap imports from China, with 80% of products in Walmar and Amazon all sourced from China. Chinese exporters just have to migrate more exports to countries outside the USA, which China is still building up like in Africa, while the USA is doing the opposite to shut itself off. The talk of 'Made in USA' is still a far-off dream and will take years to come to fruition, even after Trump leaves office. The USA has not even started on its journey of sourcing for raw materials and setting up refining logistics to enable such manufacturing to take shape. And the USA will be making products so uncompetitive outside the USA but just ripping off its own consumers. Some consumers may try to be patriotic, talking about sacrifices for the country's good and willing to suffer the pain and supporting made in USA, but when the shit hits the fan, they will be crying foul. As if the revelation by Rednote is not enough to wake them up.
Anonymous
4 comments:
I woke up this morning and had a good laugh about Trump imposing tariffs on an Australian uninhabited island that had been targeted for fictitious and nonexistent exports to the USA. This is the kind of intelligence that we are witnessing inside the workings of the Trump administration. They are working blindfolded, just like their man-child Commander-in-Chief aka Commander-in-Cheat.
What the whole world can do about those tariffs is just continue business as usual, let the USA importers pay for their imports with the tariffs added and pass those price increases on to USA consumers. There is no need for countries to retaliate, as the USA importers are doing the retaliation on behalf of manufacturers by increasing prices for products they imported. Suffice to say, there is a growing alternative market besides exporting to the USA as in the past. BRICS and the Global South are avenues to switch exports to, with countries still making the same products, at the same cost, selling at the same price and making the same profit. The USA is a small market compared to the several billion population in BRICS and the Global South. It is losing relevance faster than expected.
Many leaders have now realized that the USA market is no longer their future and are looking elsewhere to trade with. Canada is looking towards the EU and also looking towards China. Even egoistic India, USA colonies Japan and South Korea are now realizing that their future economic survival is tied to closing ranks with China. Being close allies and acting as proxies for the USA to counter China holds no strategic advantage and getting targeted as much as those unfriendly towards the USA, which has perhaps now woken them up.
The comment by some political watchers is that China has set a trap, and the USA has fallen into it, which is becoming a reality. All these tariff measures of Trump are meant to target Chinese investments in countries outside China. But targeting them forced the USA to fall into the China trap. It is alienating friends and foes alike and pushing them into the arms of China, like India, Japan and South Korea.
The USA can close its doors to the outside world, which is a blessing in disguise for humanity. Go, Donny, go!
This man-child is destroying the USA faster than he realized.
Why in the World is so hype up and panic of Dotard Trump's stupidity Tariffs? EVERYONE is harping and talking about it in their Medias and Broadcastings.
Does the World really needed the UASSA to survive?
All his nonsense Tarrifs are going to hurt the Daft Americunts more.
The World cam live without the UASSA with their nonsense World's Number One Papuer Soon.
UASSA sneezed and everyone catches colds ah?
Even CNA aka.Channel News America, oops Yes they have to broadcasted their Masters Voice and Lies and Propgranda.
Sinkeland what's exports to UASSA?
Only Servile Domestic Economy of fleecing own Sinkies!
Well, Trump seems to think the whole world owes USA a living. Times have changed, but the man-child is still living in the past, just throwing tantrums.
Post a Comment