When the shit hits the fan, the USA needs China more than what China needs from the USA

USA tried to bully China in many areas, but what is the result?

Trump wanted to start a trade war with China, and he got it. China retaliated by ditching USA soya beans and corn and buying from other sources, giving countries like Brazil and Russia more business within BRICS and helping with de-dollarization, killing two birds with one stone. Now, Scott Bessant is almost in tears accusing China of using agriculture to hold USA farmers hostage. Is he really serious? What about the USA holding China hostage over high-end chips and technology? Who started the trade war and now who is suffering the consequences? Why is Scott Bessant whining about farmers being held hostage while the USA is doing exactly the same thing to China in chips.

Now, trade between China and the USA has dropped significantly due to the tariffs. China now has no qualms about decoupling from the USA, while the USA is now caught in its own trap. China already warned it is ready for any war with the USA. Is Scott Bessant going to blame China for the drop in trade between the two countries? Who started the tariff nonsense? Now, who is suffering the consequences?

USA consumers and retailers need Chinese products for the end of year festive season and has difficulty sourcing for similar products elsewhere. China has little problem with imports from the USA that it can't buy from elsewhere like energy from Russia and Iran and is thus not too worried about the declining two- way trade.

When the shit hits the fan, the USA needs China more than what China needs from the USA. This has been proclaimed loud and clear by the desperation shown by Scott Bessant regarding the plight of USA farmers. But, too bad, the Chinese market is gone for them forever.


Anonymous