Scott Bessent admitted that many countries did not bother to call him despite the deadline. And only less 3 countries have actually negotiated a deal with the Americans, leaving more than 90 countries showing no interest in the tariff or trading with the Americans. This is how important or irrelevant the American market is to the rest of the world. Trump overrated the importance of the American market when the rest of the world can trade freely with, yes, the rest of the world, without having to be bullied by the scoundrels and gangsters in Washington.
The rest of the world is quietly derisking and decoupling from the Americans. There is nothing to buy from America and nothing much to sell to the Americans to exchange for a fake currency that is increasingly losing its value and may turn into a banana currency soon. Why bother to talk to the rogues in Washington and be called suckers and more humiliating terms like kissing the ass of Trump?
All national leaders have their pride and the pride of their countries. Going to kiss Trump's ass is an insult they would not accept as leaders of their countries. Trump had slapped them in the face even before talking to them. And Trump thinks that insulting the leaders of smaller states is alright, is the right of the American gangsters.
China is offering tariff free trades to Africa and very low tariffs to the rest of the world without the hustle of having to negotiate in Beijing. Life and trading can be so easy and convenient, why be bullied and threaten by the American rogues, like having to beg them for mercy? The Americans can close their doors and trade among themselves while the rest of the world is happy trading among themselves. China can offer the rest of the world everything they need, cheaper and better. Who needs the American market?
Good riddance to bad rubbish.
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Trump and his administration think the whole world owes the USA a living. This is going to cost the USA dearly, having already driven friends and foes to go against his administration by almost totally ignoring his tariff deadlines or just telling him there is an alternative to the USA and the US$. It is going to be the whole Global South going against the USA and its cronies and sycophants.
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.
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