Trump is now sanctioning two more Russian oil companies, an exercise in futility I would say. This move is even more beneficial for China's manufacturing, cheaper energy to make even cheaper goods for the Global South. Making China greater seems to be the motive of Trump. Trump is still feeling good about himself deluding himself that India is going to buy less oil from Russia without any corresponding response from India. That is just what we call 'mouth talk pleasuring cock'.
What have those tens of thousands of sanctions on Russia achieved? Did Russia collapse? I hope it is not going to need another 25 years to continue adding sanctions using the moon and the sun, the same as hoping for China to collapse over the last 25 years. The saying that what does not kill makes the victim stronger is still in fashion.
The motive of Trump is to monopolize the sale of energy to India and the rest of the world, cutting off Russian exports. On the other hand, the USA can never afford to sell energy to India as cheaply as discounted Russian oil and India knows that. Remember that Trump is backed by big oil, probably a big investor in big oil, is an advocate of fracking, does not recognize climate change and calls it a hoax and is against renewables. Some of the most bizarre examples of his warped mind can be gleaned from his attempts to demonize windmills as killing birds and refusing permits for solar panels and wind energy. Trump, at some earlier stage, even threatened people buying EVs, which directly runs counter to the ambitions of Tesla.
Now, we know the story of why Elon Musk and Trump could never get along with the different mindsets over renewables culminating in the latest withdrawal of subsidies for buyers of EVs, despite the massive contributions Elon Musk made to the Trump re-election campaign. Musk probably thought earlier that his massive donation would allow him to influence the decision of Trump regarding the sale of EVs in the USA. That has all but evaporated
Having said that, the earlier that farmers in the USA realize that subsidies are not going to be around in the longer term nor solve their problems as a move to compensate them for their loss of the Chinese market, the better it is for them to take action now to push the blame to Trump's failed policies against China. The farmer's plight is going to be long term or permanent while the subsidies are just a temporary move to pacify farmer's unhappiness.
Anonymous
7 comments:
My take is that China will agree to sell/buy RE/Tik Tok/Soya bean to/from US, but in a controlled way (reduce qty/limited time frame/non-important algorithem ..or prolong the process..etc) in exchange for other stuffs that it need. Trump just want something that he can shout about, he is not that smart to know the detail & the tactic that the China is playing. China is learning from this process to understand how to decouple from US and make itself more self reliance in all aspect of global trade. As for people thinking that China is kowtowing to Trump, that is not important at all (people think "face" to China is very important, that is an old thinking). China is slowly working toward being the most powerfull & successfull nation in the world, so all this so call "loosing face" is nothing to be worry about.
Exactly what I am thinking. China can agree, but to what extent afterwards is subject to how much China wants to give or to buy. China still holds all the cards or is making all the cards. This has already been the case with earlier negotiations over trade volumes, which did not move the needle over the trade imbalance. Which is why the USA now realizes that decoupling with China is problematic, while the Chinese do not feel the same way now.
Take the buying of soya beans that Trump is trying to force his hand against China. China has already inked long term soya bean deals with Brazil and Argentina and is not going to backtrack on those deals just to please Trump. It is not going to happen. Just token moves to buy some soya beans may result, but China will not sabotage Brazil or Argentina farmers by pulling the plug. Brazil is a BRICS backer, a de-dollarization partner and support by China for Brazil is going to be a long-term move. Brazil's President Lula even said that his loyalty will always be to BRICS.
Amazon planning to cut as many as 30,000 corporate jobs starting Oct 28: Sources
https://www.straitstimes.com/business/companies-markets/amazon-targets-as-many-as-30000-corporate-job-cuts-sources-say
That's excellent news!
Have the Americunts perish!
Retributions indeed!
Cheers
I thought everything is at all-time highs. Now even job cuts going to be all-time highs. But let us be real, this is one item that will not be gloated for sure.
Hi Anon same everywhere, only their governments just put lids on them.
Mark my words MOT recessions
China does not need to buy Soya beans, no need to buy high end chips. China really does not need to buy anything from the Americans. The Americans need to buy rare earths badly, consumer goods, clothings, shoes, household items and many necessities from China.
What is Trump going to offer to China for China to buy things that it does not need? China does not need Trumps backside even if it is on offer.
Trump must give something of value to China for China to buy soya beans that it does not need. Hopefully what Trump is offering to China is not empty words like recognising only one China or not visiting Taiwan. Xi must demand for things that are substantive, not silly things like returning to square one on Nexperia or lowering tariffs or not making demands on fentanyl. These are fake excuses created as bargaining chips by the Americans to get real stuff from the Chinese without giving up anything of value.
When China made new deals with Brazil and Argentina, the intention was already very clear about not returning to buying USA soya beans. China is telling the USA that it can survive without the USA, period.
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