China's retaliation is incisive

 China's retaliation is incisive, decisive and painful. China hits where it is going to hurt most, not on irrelevant things like football club ownership, operas, movies, and others based on childish tantrums.

Just ask the Australians about their iron ore and seafood exports when it tried to play havoc with China. Just ask the Philippines about their bananas and durian adventure by continuing with its antagonizing moves against China. China just let them have a taste of the Chinese banana and durian market, let them grow as much as they like in anticipation, and then killed the fattened hopes of their farmers. No rhetorics, no shouting, no need the MSM to blare, just clinical killing without having to fire a shot. Mexico is next on China's radar to be taught a painful lesson if it wants to play Russian roulette with China.

Trump is coercing the EU to raise tariffs on Chinese goods, and the Europeans are wary and paranoid about the consequences. The energy sanctions the EU placed on Russia is already destroying the industrial base of Germany. More of tariffs against China is going to sink the German industrial juggernaut into oblivion. Perhaps Trump is rooting for that to happen as he thinks he can benefit from the misery of others, with manufacturing moving to the USA. Fat hope when he is increasing tariffs on imported raw materials that are already crippling USA manufacturing. Why would German companies want any of that is mindless.

Trump honestly has no more cards to play against China and is just using plenty of rhetorics and hysterical moves trying to scare the Chinese. Trump's trade war is bereft of alternative sources to provide USA the products that China exported to them. Trump's tariff war also is a hollow move with no supply chains to back up his plan while China is already fixated on a complete decoupling. What Trump is doing is just increasing more taxes on his own citizens, hurting more of his base rather than hurting exporters from other countries. USA farmers have nowhere else to sell their bumper crops of soya beans and corn without the Chinese market, that has already moved elsewhere. Brazil and Argentina are laughing all the way to the bank taking over the market that was previously the USA farmer's territory.

Countries around the world are moving towards a multipolar world, away from the US$ hegemony and are working towards a faster de-dollarization, without the USA being involved at all. Perhaps ignorance is really bliss. Ironic.

Anonymous