Evil Chinese conspiring to… provide the US with raw materials far below the cost of extraction?
China should double their offering price so with tarrifs metal prices go up like 3 to 4 times what they currently are.
Then sell cheap steel to Canada and Mexico so Americans can literally watch their empire fall behind with their own eyes.
Burgerland will at least be paying a middleman premium in this scenario, though, and it would likely further incentivize industries moving to Mexico. Not that it’d be so simple to just hike the prices for the Yanks (as much as it’s deserved) but if things were to move in that direction, all the better. Whatever further erodes the empire is fine by me.
I’m sure that’ll do wonders for the US economy. Sanctions and tariffs only work if your economy is strong and everyone has to trade with you. The US economy is only strong on paper and China absolutely does not have to trade steel with the US. So this is just the US shooting itself in the foot yet again
Exactly, all this does is further convince China to decouple from US, and refocus trade on the BRICS. What US political class consistently fails to understand is that US needs China a hell of a lot more than China needs them.
That’s how ye commit economic suicide…
#1 best method of resurrecting your dead industrial base: cutting off your #1 supply of cheap metals.
the president said the Chinese prices were “unfairly low” due to the government subsidising companies “who don’t need to worry about making a profit”.
“They’re cheating,” Mr Biden said. “And we’ve seen the damage here in America.”
Socialism is cheat code
If this is cheating then surely you will cut subsidies for big oil and dairy farmers, right??
I was gonna say exactly the same thing. Also american farmers have corn subsidized, which destroys Mexico’s corn market. Hypocrites.
That’s just the beginning of it. USA pushes every global south country to cut agricultural subsidies on the grounds that they are violations of some WTO agreement. The policy changes that caused the famous year-long farmers’ protest in India were supported by the US because they would have significantly cut government aid to farmers and farm owners.
