next up: metal deficits force closures of the few remaining US manufacturing plants
Hear me out. US bourgeoisie is essentially British aristocrats who knew when to keep quiet and when to speak up. They’ve been upset since that interview where the Chinese diplomat laughs at the idea that China is in competition with Britain. One or more of them has convinced Biden to increase tariffs to make the Brits feel better – at least they’ll be able to say that they compete with the US in steel production.
I’m disgusted by the yellow peril and hypocrisy. I hope to see the US buy the farm sooner than later.
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.
Mr Trump, who called himself “tariff man”, has pledged to be even more aggressive on trade should he be re-elected.
Tariff Man, Tariff Man, imposing Tariffs where he can. He strokes his pen, the whole world groans, the cost of living goes up at home. Look out! Here comes Tariff Man!
#1 best method of resurrecting your dead industrial base: cutting off your #1 supply of cheap metals.
