Where do all those rogues, charlatans and war mongers come from? They are all from the same swamp that Trump proclaimed about draining during his first term. Yet he is appointing the same set of clowns to run his administration.
Just look at USA Treasury Secretary Scott Bessent telling Trump what he wants to hear about Trump's tariffs being needed to lure manufacturing back to the USA, and how simple it is to do that, and everything will be solved with Trump's 'Made in USA' pipe dream. Sycophant Scott Bessent is just daydreaming without the USA controlling raw materials now in the hands of China. The sad thing is that USA politicians are all beginning to believe in their own lies.
According to Kevin Walmsley on his site 'Inside China Business', the USA is just at the starting block of sourcing for raw materials to set up those manufacturing, which will be an exercise in futility. According to statistics dug up by Kevin, it takes roughly 12 to 15 years for such set ups from scratch to processing the raw materials for usage. Even China took 15 years to start up mines, extract the raw ores, refined them and then was able to make any sense of the whole thing. If it takes 15 years for China to do it, God knows how long it is going to take for the USA to do the same, knowing that roadblocks are everywhere where environmental concerns are raised, that could delay implementation by years.
So, good luck to Trump for taking advice from sycophants and rogues just because they are giving him a feel-good ego boosting propaganda lesson.
Anonymous
4 comments:
Trump's trade war has blown up out of proportion with China retaliating fast unlike in the past. Trump thinks no country dared to retaliate, still thinking that the USA is the only market left in this world for others to sell to. He is delusional. China does not make false threat of being ready to fight all wars against the USA, does it?
I was honestly thinking that China would have to retaliate but not retaliate that aggressively with a 34% tariff on all USA goods on top of further controls of more rare earth element export to the USA. The further rare earth element control is not just against the USA alone, but to all countries that may choose to re-export those rare earth elements to help the USA. China is closing all loopholes, the same way that the USA is doing in high-end chips against China.
With China now retaliating, that is almost an umbrella cover to tell others that they should retaliate and not be stepped upon by the USA at its whims and fancies. Rather a fast retaliation than suffer a slow strangulation by the USA.
Now, Trump is trying to walk back on the pretext of negotiating with India, Vietnam and Israel over the reciprocal tariffs he imposed, just a day after. What is he trying to do and who is he trying to fool? Trying to scare China? China does not care about negotiating now, and action speaks louder than words. According to analyst, Chinese manufacturers just shrugged off those tariffs, knowing they can compete against anyone in price in the USA market and outside the USA and EU as well.
India is not going to supply the USA with the same cheap consumer products on the scale that China is now doing. Ten or twenty years down the road is not even feasible for India, and USA consumers will have to take the shit in the face when it hits the fan. China took three decades to reach its manufacturing capabilities, and can India do that? India's exports to USA in 2024 was about US$80 billion, compared to the US$500 billion that China exported to the USA. India is not going to provide the alternatives for Walmart or Amazon to cater to USA consumers. Therefore, even cutting the tariffs to zero is not going to encourage more Indian exports to the USA.
Vietnam wants to cut tariffs to zero for the USA and wants reciprocal action by the USA. Now, this is a no brainer for the USA, as Vietnam is just an extension of the Chinese manufacturing base overseas. Trumps tariffs are all about crippling China and Chinese manufacturing investments overseas and giving Vietnam a backdoor for Chinese manufacturing to access the USA market without tariffs is unthinkable. You think this will work?
Yesterday, US$5 trillion just vanished from the valuation of Wall Street companies. Now, is that just air that had been released from an overblown-up balloon over the years? Where does that US$5 trillion go to I just wonder. Vanished into thin air?
Trump was fantasizing about Xi needing to meet him in Washington 'very soon' to pay obeyance to the enforcer. He probably thinks his tariff war is going to scare Xi out of his wits, thereby forcing Xi to rush to Washington to beg for mercy. Instead, Xi is going to Moscow to meet Putin for an important meeting of two adults on the next step to take.
Now Trump is realizing that his miscalculation is backfiring with Xi retaliating against his tariffs. Trump has been pushed into a corner now. What is he going to do? Nero was fiddling while Rome was burning, so said some, when Trump rushed to play golf while the stock market was crashing.
Furthermore, Putin is ignoring Trump regarding the peace deal in Ukraine. Putin and Xi are going to make Trump lose his mind soon. The man is already mentally unsound and further pressure might push him into the cuckoo's nest.
Trump thinks bringing manufacturing back to the USA is just like building things with Lego bricks, just a matter of slotting pieces into the right places. The USA and/or investors needs to build the factories, secure the raw materials, educate the workforce, and, at the end of it, can they really make things as cheap as China for their own consumers. Manufacturing jobs are not coming back for sure with automation and robotics, with AI involved and gloating about job growth is just fanciful thinking.
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