Japan has almost been driven to manufacture cars in the USA since Trump's first term and yet is facing tariffs of 25% going forward. So does South Korea. These are close allies of the USA, supporting its agenda for decades and now being thrown under the bus. Next to be thrown under the bus will be India, if it still does not realize what is in store for its pacifying stance towards the USA. The USA is basically telling India to quit BRICS or face consequences. This is good news for BRICS if India were to be forced to quite the bloc by itself.
Recent news also emerged that Samsung has backtracked on its chip investments in Arizona, pulling back further investments for facilities supposed to start operation from 2024 to 2026, citing lack of a credible market to support further buildup of production facilities. This is a stark reality befalling all those chip makers building facilities in Arizona.
China is the main market for chips, and without the Chinese market, which is planning to be self-supporting going forward, the outlook for chipmakers in the USA is certainly not bright. Building chips just for the USA market alone is not feasible. The USA created this mess for itself by waking up the giant, trying to push China against the wall. It is going to backfire badly.
Trump is also pushing very hard for China to stop it from cutting off supplies of rare earth for USA manufacturing, both for commercial enterprises and the military. In fact, he is reported to have 'demanded' that China must not cut off supply chains from the USA. Trump thinks he is the emperor of China.
Anonymous
I was under the impression a month ago that Trump was going to visit Xi in China soon, after the meeting in London between USA Treasury Secretary, Scott Bessent and China's Vice-Premier, He Lifeng. The news looks to have now been thrown out the window with Marco Rubio now saying that there is a 'high probability Trump will meet Xi sometime this year'. Is this again a one -sided comment designed to entice Xi to send an invitation? We have been taught many times before how well versed the USA leaders are in using propaganda to further their agenda.
ReplyDeleteXi is probably placing more priority in visiting the Chinese countryside looking for ways to improve the livelihood of his countrymen than talking to a bunch of unreliable juveniles without any sense of direction and lack of any diplomatic protocol behavior. Imagine calling people wanting to negotiate over the tariffs as going to 'kiss his arse'. That is not a person with good upbringing for sure, but rather a crude, uncouth low life.
They are not unreliable juveniles. They are inbred rednecks and hillbillies.
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