No amount of lying by Scott Bessent is going to change the reality. China will continue to manufacture and export its way to further prosperity. And there is no way Bessent can do anything about it. The Global South is now China's playground, encouraging trade and expanding BRICS to more countries. Who does not want to progress and grow prosperous. Prosperity is not the sole monopoly of the Anglo-Saxon Whites, while others must continue to remain poor for them to manipulate and exploit.
Anonymous
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Scott Bessent still claims the tariffs did nothing to escalate inflation. Well, it is just early days yet, with retailers already stock piling before the tariffs kicked in and are just releasing those stocks, which will run out soon. The following months will see the shit hitting the fan.
That gaslighting about tariff increasing from 35% to 55% against Chinese goods, touted as done deal victory after London, is not going to help. Chinese exporters have now migrated more shipments to ASEAN countries and elsewhere. Who is going to eat those 55% tariffs is not difficult to find out and evident very soon, provided there is even going to be anything to be shipped to USA retailers from China anyway.
That loss of US$500 billion market for China is just about 14% of China's total export of US$3.6 trillion (2024 figures). And in terms of its detrimental effect to China's annual GDP, is just barely 3%. With GDP growth in the region of 4.5 to 5%, that total cutoff is not going to collapse China in any way. Moreover, exports to other regions are going to mitigate the loss of the USA market.
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