China is the factory of the world, while the USA is a hollow out shell waiting for China to provide most of what it needs in exchange for banana notes. Who holds the upper hand? Scott Bessent still thinks the USA has the upper hand in the tariff war. Let him continue with his highly experienced fund management expertise dream.
That 90 days extension of the tariff truce is going to give China even more time to build more bridges and find more markets for its manufacturers. And it is going to deny USA ports waiting for Chinese ships loaded with goods for Christmas to call. More and more loaded Chinese ships are avoiding calling at USA ports as they divert to other destinations. The tariff war is going to backfire very badly on the USA. In the meantime, what is the USA doing? Thinking up more threats against Russia, China, Canada and Mexico. Now that also includes India. Just kicking the problems further down the road is not in any way solving it. Manufacturing is not going back to the USA, just a fraction of the expectation has been realized.
Now, we are not just talking about China retaliating. Canada and Mexico are doing their part and causing real damage to the USA economy. Now India is realizing that if you give the bully an inch, it is going to take a mile. The idea is to fight back, stand firm, taking short term pain for the longer term gain. If countries buckle now, they are going to suffer long term damage. The EU is one example of what is to come.
Anonymous
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Chinese manufacturers must continue to avoid shipping goods to the USA for the year-end festive season, which is what the 90 days reprieve is for. Nothing more nothing less. It may already be too late for orders to be fulfilled for the Christmas season to be shipped within the next month or two. In any case, it is the Hillbillies that will bear the consequences, not Chinese manufacturers.
China cannot just be lulled into a false sense of chumminess by Trump and letting its guard down. Trump is the least trustworthy guy to be chummy with. He is a rattlesnake that will bite you even if you try to save him. Let the Hillbillies do it internally over the next couple of months.
Trump is now moving National Guards to Washington DC, with NYC and other cities to follow probably expecting and getting ready to quell a revolution on the cards. State police have realistically been defanged. Or he may start a false flag to enable him to trigger emergency rule, a de facto dictator in the making. The USA is morphing into a dictatorship, with one man dictating whatever he wants while the majority of the population remains like the walking dead.
The irony is that Trump is just doing a slow demolition job on the USA while no one has any say even when he sidelined the constitution. The elephant doing the demolishing while the donkey just stand around and watch. Like I say, the legislative, administrative and judicial segments of the USA Government are now neutralized by one man, all drinking from the same trough.
Trump is openly ignoring judgements made by judges. He puts all his cronies into positions that ensures he has the final say, whether such appointees are suitable or not for the job, just so long as they carry out his orders, like drunkard Pete Hegseth over the military.
Leave it to Trump. He knows how to bankrupt the USA. Bankrupting entities is his specialty.
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