How long has China been planning all this? Not yesterday I believe, but maybe thirty years ago. Did the USA see it coming? Not thirty years ago, but they did, oh yes, just yesterday.
That is what I mean when I say the USA leaders see no further than their noses. Everything beyond the nose is immaterial until the shit hits the fan. Trying to decouple from China with ideas just realized yesterday is a tad too late Donnie. What about going back to prepare for it, before firing the tariff salvo. At least make certain it is workable first before trying.
Now Trump is upping his tariffs on steel and the EU already is talking about retaliation. The show is getting uglier by the day. But even the EU is testing the market in the Global South now. Who cares about two failing steel manufacturers coming together to prop each other up and needing crutches to move ahead?
Trump had earlier vehemently opposed the merger of Nippon Steel with US steel citing National Security Issues, but is now touting how great the wonderful, beautiful, glorious merger will be for Nippon Steel and US Steel and even needing a 50% tariff against imports now. What are manufacturers in USA going to say when steel prices start to rise. Everything made in USA, cars, planes, ships, rockets, consumer products all require steel and when prices rise, things are going to get expensive. MAGA supporters can clap and cheer, but they are going to foot the bill.
Anonymous
1 comment:
Understand Trump woke up at 3 am in the morning a day ago to post a message that he dreamt of while asleep. Dementia is catching up with him and he has to do it immediately or it will be forgotten by early morning.
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