How the world is restructuring trade [without the US] | DW News
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- Опубликовано: 28 дек 2020
- What’s next after America First? Hopes are running high that US President-Elect Joe Biden will help restore order after Donald Trump turned international trade into a zero-sum game with very few winners. But pandemic-wrought economic devastation at home may make thinking globally a tall order.
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Love how she is carrying a bag while reporting
It has her mask in it. ALso |European reporters are much more casual. They're not pretty bimbo's like most U.S. reporters!
Doesn't DW just get random people to make a report for them? By now I must have watched dozens of their videos and it is different people every time. Except for that one guy I saw him in 2 or 3 videos the guy with pointy eyebrows
lots of pickpockets near the docks /joke
@Liver Success It's always in our corporate media companies. They are a problem these days, in general. All they care about is bringing in revenue. Profit-motivated news media is a slippery slope, and if there's one thing American business is great at, it's taking every business model to the most profit-hungry iteration. Industrialized junk food, industrialized mass media.
I think this reporter is very pretty though.
That’s because she is reporting from Detroit
the very first rule american companies set up when investing in a foreign country is 80-90% of profit goes to the investor, 5% goes in to briberies and the rest goes to the country they're in
And when China lends out loans with no stings attached until that country can’t pay it, then they go into debt and China buys them out completely.
@@InVinoVeratas as a matter of fact, we haven’t seen evidence to support what you claimed. Or maybe the story you are telling us is biased or fabricated. Can that be the possibility?
@@ligerdave how about sri lanka port? I'm chinese overseas but what i see in here, us and japan company is waaaay more better than china ones even way more better than local company and pay the local workers very well. If us company try to do sheet in here, non profit organisation from the usa will pressure those greedy company but it opposite with china company. They try to pay less as posibble, they doesn't care about environment and they import their own workers from china. Again i'm chinese but was born and raised in my new country so i wanna see the local ppl prosper. And from what i see, the company that hv positive outcome for the locals are mostly from us and japan. Even german company are too greedy. They paying my friend too small.
@@el_lo Don't know what non profit organization you are talking about. US company are famous on using profit to do shares buy back instead of pay raises to general employees in US. That's why even with an almost full employment economy before pandemic, lot of working class can't even afford rent.
@@InVinoVeratas Exactly this is happening in African countries as we speak
I think the US is going to have to start getting used to not being the absolute sole world superpower anymore. It cannot simply just tell other countries what to do anymore. Spheres of influence from other powers as big as the USA like the EU and China are going to be something the Americans just have to get used to and move on and work more together instead of just bullying.
it takes time, just like Japan/China. give it 10-20 years
@covert puppytwo the EU can take care of itself don't worry.
@@neilmooo that might be the dumbest thing I've read in 2021 so far, congratulations.
@@neilmooo well thats just idiotic
@@neilmooo to say that no one would blink an eye is idiotic. The US military is a strong presense wherever it goes, and that force is felt when it leaves an area. It may not be as poweful as a decade ago, but saying nobody would blink an eye is ignorant
The world could not unite even when faced with a common global enemy, Covid-19.
It's not everybody's enemy, some have become far richer because of the pandemic.
We doomed.
@@KevinR3i
There is NO everybody in this world, only tribal, religious, class, sex, gender, sexuality, race and other identities.
@@fuckfannyfiddlefart u comment makes no scientific sense 😑 please explain with more details
Chinna 🦠
The damage is done we can't keep damaging relationship with countries around the world then coming back around 4 to 8 years later and saying we are sorry.
Lol, giving another 4 to 8 years, US may say sorry we say sorry before. There are still 40%+ Trump supporters. Giving 4 to 8 years, there is a chance that they could grow to over 50%. Another u turn is possible 😅
Yes let's stop voting into power unstable crazy dictators. Always look at the person's past charachter, religious beliefs make sure their not connected to some outrageous cult, look into how they handle their own finances. They hired Dump because he was a business man😆mr. Bankruptcy queen! Mr. Whoremonger, Mr. Racists, wow we dug to the bottom of the barrel for diaper don and his leeches.
@@jillianjillian5493 dictators arent voted in genius... they steal elections
@@jillianjillian5493 you can't expect an unstable lunatic society to not elect unstable lunatics.
you underestimate the weakness of our leaders.
You can't just "set the rules" anymore. Wake up.
yes you can, if you have 25% of trade volume
@@chiefs5822 No, you can't, cowboy:
Total international trade goods and services (in billion dollars)
1 United States 4,921
2 China 4,342
3 Germany 3,366
Whereby Germany's future depends on good trading relations with China (same applies to East and Southeast Asia).
Also, nobody knows what will happen when Trump returns from his 4 years sabbatical.
@@cristinaximera9663 It goes both ways. China's future also depends on Germany and other nations. Due to lack of supply of coal from Australia because of China's ban, southern Chinese cities had to shut off its electrical supply while the state media lied to everyone that it's a 'technical issue'. Without US investment from the 80s until now, CCP would have nothing to gloat over.
@@whiteemerald1083 Of course, I agree, it goes both ways. That is actually the point that I wanted to make.
@@cristinaximera9663 That means you can set the rules. You just need to be willing to give up things that becomes collateral. The problem is the leaders are injecting emotions when they should be applying ruthless cost benefit analyses. Yes they can include the environment, democracy and freedom in their analyses as benefits but emotion should not be the driving motive in trade negotiation. At the end of the day the purpose of trade deals is to improve the net benefits enjoyed by your citizens if that is not the case you are doing it wrong.
6:25 This big aunty telling of China telling them to not be dominant and play by western rules ... she lives in her own world
She is a typical indian who always live in their own dream. They are the true master of daydreaming.
She is definitely parroting some preconceived gibbrish conceived in a previous empire.
@@xuchen4012 you are the masters of eating bats
@Ashutosh Raj I'm indian too ❤️
why big auntie?
How to slap someone without using hand, yes, you ignore them.
@@humancorp which is how you clap with one hand. 😁
@Home Phomm well it feels like a dream seeing all that chaos and violence today at USA capitol hill today. its lovely to see you guys searching for a new definition of democracy.
well, Rome falls from the inside.. good luck.
@@mooooo6601 Our chaos is democracy in action. Are you jealous ?
We are NOT afraid of our politicians 😊🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲🇺🇲
@Home Phomm 👍🇺🇲😊
Do you mean like the EU is doing with soon to be failed state England?
Every time rules made life quality in Europe and specially US worse, rules were changed.
Every time rules made life worse in developing countries, we told them to choose better governments.
Is anyone surprised some developing will choose to bypass them?
15 bcountries signed the rcep for free trade ans south america wants to join
@@thecomment9489 BS
South America is us backyard! It won’t happen
RCEP happened while Trump America was busy hating China, creating trade barriers & embargoes. All the Ivanka's products are being made in China. Yet the US still have to subsidize its core industries like agribusiness, fossil fuel & heavy industries.
Isolationism & protectionism only made America shoot itself in the foot...self afflicting wounds.
China just carried on with its south east Asian neighbors & Oceania. Now America has to play catch up with Biden for the damage done under Trump.
EU and US can mend their relations, but the rest of the world seemed to have moved on, especially Asia. US was my country's biggest trading partner, now it's China and seems it's becoming bigger, same with our neighbors.
True. Countries like China and India have a lot more potential than America due to much larger population.
However, as of geostrategic position, America remain the best in the world. *Self sufficient* in food and energy production, large and productive workforce, and posseses by far the strongest military in the world.
So even if China and India surpass the US in term of GDP, the US will always be world power due to its geostrategic position.
America just need another *baby boom* to remain competitive. If US population is doubled (to ~600 million, about at EU level), America could hold its top dog status easily.
@@ihl0700677525 not necessarily, China is in the middle of a population crunch due to the 1 child policy. They are quickly aging and becoming older than ye Average American while the US population remains at a stable increase... So long term the US is going to have an easier time of it.
For India it's all about internal cohesian..India currently just isn't growing at a rate where it'll surpass the US or China any time soon (barring something catastrophic happening in either country ofc).
@@ihl0700677525So you’re saying USA wants to be a giant North Korea?
@@jeanking2654 You can call it "giant North Korea", tho I prefer the term "return to early 20th century America", with much less geopolitics entanglement and less foreign wars.
Kinda like the 1990s and early 2000s China actually.
@@ihl0700677525 That’s great! The world is also tired of US interference in our sovereign affairs. You’ve been ruled by the neocons for far too long
China is happy to take over the burden of enforcing freedom of navigation and world peace
Only US-dominated (benefitted) trade is good in Washington’s eyes. The winner takes all mentality from the US voting system is deeply affecting how US think about the world. Are there truly win-win deals in their eyes?
What a dumb comment.. Which country is setting up trade deals to benefit other countries ahead of itself? You obviously don't understand the US voting systems in regards to state/local politics and issues. I guess you heard about the presidential election and think you know everything about US politics then? It's obvious China has been cheating other countries with non-tariff barriers for the past 30 years.. such as no IP protection, requiring domestic ownership, heavy state sponsored industry and no consistent and fair legal protection for foreign entities. Even today, the lack of transparency in China is a cloud over even being able to do fair trade. For example, the US is requiring Chinese companies listed on US exchanges to provide approved external accounting audits, but China said accounting audits would reveal state secrets? What? China is a joke. If Trump did anything right, it was to raise the China issue. China needs to shape up or get banished.
@@nanahuang8623 I am not denying that there are so many problems with China. But I don’t agree with your statement with countries setting up trade deals only benefitting themselves, because after harmful deals are not sustainable. From a computer science perspective, political system should be able to optimize the benefits (obviously it might harm some too, but how to minimize the harm). In my opinion, one fundamental algorithmic change with regard to US democracy can be rank choice voting (from bottom-up), many democratic countries already uses it. Even Taiwan has a better voting system than the US.
@@jxyeee6525 You don't understand US politics.. the president is only one part of the government. Most issues that affect people are decided at the state and local level, not during presidential campaigns.
Each country sets up trade deals to benefit themselves. Even China knew they needed to work on the trade imbalance with the US, which is why China signed the Phase One Trade deal in 2019.. China blocks US tech/websites, US movies, US businesses so they can promote their own Chinese competitors. There's no way the US can balance trade selling more grain. China even reduced buying US Ag products in 2017, which is why Trump went after them. China is never going to allow foreign companies, from the US, Europe or anywhere dominate their own market. If any company would get a foothold, the CCP would choke it off at a whim. It's fine to support more trade, but there's not such thing as "free trade" or "fair trade". Openly democratic countries that respect human rights shouldn't be subsidizing the evils being perpetrated by the CCP. Let's support countries with similar values.
@@nanahuang8623 while you have some valid points, Jx Xu is completely right on US's winner-takes-it-all political system. It's a very deeply flawed political system which in turn reflects the US's outlook on foreign policy and trade.
Don’t tell me because middle eastern countries were dictators. Yes, they were going to be democratic from within, searching for their own democratic path. But their intrinsic democratic process were disrupted by US intervention. Iran is the Iran today, because all the CIA bs for overthrowing democratically elected leaders. The real question is to how do western society cope with their mistakes in the past? By overthrowing another government using military? Nah, I don’t think that’s the best way. China is another issue that I am struggling to seek an answer as well. the war mongers on both side needs to chill tf out.
The problems with US is their products are expensive and that make them uncompetitive. That is why their always have deficit. And they blame other countries for untrade practice.
That’s because the U.S. dollar is the global currency global reserve, so if you want US dollars you need to sell to America so everyone wants to sell but they don’t buy as much. America does manufacture quite a lot of high tech specific things like Germany does but America’s biggest export is definitely intellectual property and it’s companies innovating, remember this is RUclips owned by google owned by alphabet, an American company led by an Indian immigrant.
China does have unfair trade pracfices in comparison but says they are “in transition”, up until recently any company that wanted to make and sell cars in China had to partner with a Chinese company in a joint venture, Tesla was the first to be left to its own within the Chinese market.
Nooo it’s not only the expensiveness. It’s lack of options. Beyond chips and few high tech, most of them designed badly though they are tough. But still considering the price, for the same price, I probably could find much better quality stuff from the rest of the world. Just check the quality of white appliances and most of the automobiles made in USA, they look like something designed and manufactured 15-20 years ago!
@Jeremy Ramey exactly that is the problem!
@@theadam7598 China is disadvantaged. Telling a poor country to abide by same standards as rich countries that’s actually unfair
@Jeremy Ramey And that’s how US fits into the world order. Everyone specialize in what they’re good at and humanity will live in harmony
China- Manufacturing
USA-Finance
EU-Wine, cheese, fashion, cars
Middle East- Oil
Africa-Resources
South America-Music
India-Bollywood
This is solution to world peace
Rules? Whose rules, the rules set by US and EU to majorly for self benefits? Stop calling the rules, it is misleading.
Rules by White people for White people. That’s what they mean.
Still adversarial but more polite....
Correct!
Remember they want to make the rules. Why not negotiate the rules? That's not in their genes.
It has always been America first, but in a more polite way. At least Trump shattered the mirror of hypocrisy and now the world can keep an eye on it.
Ever try to converse with the americans? Their idea of conversation is they talk and talk and talk and you listen
@@godzillamothra5983 just like my classes go by
@@cz2301
at least you learn something from your classes, LOL.
@@godzillamothra5983 you bet lol
Joe bidden will never get out the shadow of America First from Trump! Europe should be more independent politically and economically from the US no matter who sits in the White House!
Correct because Biden is never going to be president. You can’t steal an election right under the nose of the largest military in the world and expect to get away with it!
@@globalbridges8570 F hahah
@@globalbridges8570 Can you guys just do your MAGA thing and leave the rest of the world alone?
Basically... Nobody wants to be on Team USA any more. And for a lot of good reasons.
India, Vietnam, Japan, Taiwan, south Korea
@@Jay1Shrivastava nice joke they only want U.S for military
@@jaiswaladitya511 to leaveeee
@@albertogaytan1806 you hardly understand demographics, geopolitics and economics. Europe is nothing but liability on US after the fall of USSR. Europe doesn't serve any US geopolitical or economic intrests. They don't even have any meaningful natural resources like oil. Their export led economy can't survive without access to US markets. There's hardly any youthful population to consume US products, neither they can provide US companies cheap labour. New frontier of US is China, not USSR. They definitely need Asian countries to counter that, also they can provide cheap labour. Global order is shifting to East. Asia is new battlefield of geopolitics for next few decade. Asian countries are afraid of a rising power next door, US was too far and too democratic for them. They definitely need US for their survival as much as US need them for keep it's unipolar power.
@@dheera8889 lemme guess, Trump supporter
No mention of the EU China investment deal?
Yeah Biden’s policy has failed already. The EU know they can now do this deal and still be friends with the US
Sounds like an outdated video, but looking at the release date, it is only a week ago.
play by rules ? Set by the previous multilateral discussion , or just set unilaterally ? If so , why should China follow it !
China's been asking that question for a couple of decades now, and have mostly come up with the answer "not gonna". Its now in the US' court (and to a lesser extent the EU and other Western nations) to figure out how to operate in a world where they can no longer dictate terms. If China wants to subsidize steel production in order to undercut other countries well.. they're just going to do that. The US can setup tariffs and sanctions and whatnot but even with all of that, Chinese goods are still cheaper than buying American.
Unless America wants to outright ban Chinese goods, there isn't much they can do. And while doing so would certainly be a stinging blow to China, it would hurt America far more. China can find (or "illegally" invent) new sources of money. Its a lot harder for America to try and build new factories and train new workers to replace all of the goods they're currently buying from China, especially in the short term (5-10 years). Never mind all of the pollution and other environmental damage those factories and the mines they get raw materials from that we're effectively exporting to China. That would set off a raging firestorm of NIMBYs, making the task that much more difficult still.
We're not going to "fix" China, at least not in any reasonable timeframe. All we can do is adapt to their growing presence and save the few small carrots and sticks we still have available to us to try and at least stop the humanitarian disasters they seem to be eternally inflicting upon their own citizens. The world (other than America) would find China a lot more palatable if they were a benevolent dictatorship rather than a harshly oppressive one. I mean we'd certainly prefer them to just give up their own ideals and start doing things "our" way but that's not going to happen. Convincing them to tone down their most horrifying aspects a bit is at least a plausible goal.
China bad, china bad. When china not gonna be bad? I don't know, but here they go trading with the other 95% of the human population. This is very bad. Hope joe biden can step in and halt Chinese economic activity, that way their population will suffer in the same way sanctions are used to squeeze populations into rebellion.
There is a reason why they call the chinese bad. It is not that they re just competitors. They dont follow ethics in business. Please dont confuse this with ethics in a transaction between 2 entities. What i mean is someone previously said that they subsidize steel production. This in turn makes any product made from steel unfairly low priced that everyone else. So, they gain an advantage. Also, other countries take advantage of this as well. I mentioned in another comment that some EU countries import goods from china, change the sticker on the box from made in china to made in EU and sell this. Now, this may not be china’s fault but this unfair practise is also quite prevalent.
@@altrag The US has been responsible for plenty of humanitarian disasters in the name of freedom and democracy, The moral high ground has been abandoned decades ago. Their hand wringing and finger pointing comes across as massive hypocracy now. The world other than America has felt the sting of America first, screw the rest way too many times, and China looks like a more stable partner now. Trump damaged America's credibility, possibly irreparably, and a split country beset with infighting, with another potential Trump a few years away makes the choice easier to make.
DW calling the atlantic council think tank "experts" is laughable 😂. It says a lot about the mentality at DW.
7:09 You want china's huge market and you also want china to play by your rules, how 's that gonna happen? That sounds like illusion to me.
Not at all. You don't know about South Korea? Japan? Taiwan? Vietnam? India?
Let me say like this, people play by the rules. Except for China. But of course their money are not worth more than monopoly, outside of China. They are not a market economy.
They are using unfair and uncompetitive trade practices. Dumping, R&D full subsidized.
I can go on.
So, if China can not play by the rules. Then China can not be allowed to play any longer.
We do not need them.
Tell me any product you know of, that only China can make?
Nothing.
Yes they were making PPE.
Why?
Dumping.
They making IPhones, why?
Subsidized labour costs, factories, and electricity.
I can go on.
@@taiwanisacountry The SK controlled by chaebols, Japan by zaibatsu, Vietnam by CCP mini-me, and India with even cheaper labor and less regulations?
@@taiwanisacountry OHHH, I'm gonna challenge you and quickly think of some. hmmmm, hmmmmmmmmmmmm, hmmmmmmmmmmmmmmmmmmmmmmmmmmmm. ...............................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................
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...................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................................Alright, I can't think of anything but they can produce mass reeducation camps and surveillance like nobodies business.
@@Elevated_x :-) yeah. It is amazing how a so great country got so bad, so quickly.
@@taiwanisacountry Taiwan is not a country. Nuff said.
Play by the rules which are agreed by both sides, or there are no rules
That's easier said than done when one "side" has had the power to unilaterally dictate the rules for decades and has not yet really realized why that doesn't work anymore, never mind how to operate in a world where they're stuck having to play nice with others rather than just threatening sanctions and/or bombs whenever they don't get their way.
@@altrag So each side has to work hard to be strong enough. like so many unfair treaties between west and Qing dynasty.
What Chinese learnt since 1840 is giving back to the Western very soon. 😎
@@jefferywang2493 Not likely. The power imbalance between the British Empire and China 150 years ago is drastically different from the power imbalance between China and the US today.
The US certainly needs to wake up to the fact that they've got significant competition again and that the unilateral control that they've enjoyed since the USSR fell is no longer something they can rely on (and abuse). Hopefully now that the egomaniac clown is out of the White House they'll be more willing to recognize the state of the world.. but even without the US, the rest of the western nations are still not so bad off that China could pull an opium wars style attack. Which isn't to say China couldn't pull off some other economic attack instead but probably not _as_ bad as we did to them all those decades ago.
What labour rights? The right to employment and a peaceful life without foreign hate mongering is important to ASEAN.
But Chinese people need more and more salary. So lots of company go to southeast Asia
@peace ful a little prompt, every foreign minister stand for his or her own country’s interest. I quiet don’t understand a guy named as “peaceful’ is saying some words so hateful.
@peace ful just answer me, does you country have a law to punish people who want to overturn the country? Answer this then comment. By the way, I bet you don’t even know what she said and reported. All info you know comes from English-based-media. So , can you read Chinese?
@peace ful I hope you can answer these, wake up a people from media-brainwash is also a move for protecting human right
From a Nov 28, 2020 talk in Shanghai given by Professor Di Dongsheng, Vice Dean of the School of International Relations at Renmin University in Beijing, China.
"For the past 30 years, 40 years, we have been utilizing the core power of the United States. As I said before, since the 1970’s, Wall Street had a very strong influence on the domestic and foreign affairs of the United States. So, we had a channel to rely on. But the problem is that after 2008, the status of Wall Street has declined and more importantly, after 2016, Wall Street can’t fix Trump. Why? It’s very awkward. Trump had a previous soft default issue with Wall Street, so there was a conflict between them, but I won’t go into details, I may not have enough time. So during the US-China trade war, they [Wall Street] tried to help. And I know that, my friends on the US side told me that they tried to help, but they couldn’t do much."
That sounds very good. So, China grew economically with money invested from Wall street. Very good for globalists looking for short term investment profits in the detriment of local long terms investment for efficiency , educations , sustainability. Trump just played the populist nationalist policies , he has many business outside US and even didn't manage to pay his own taxes.
@@mksensej8701 3 trillion receive and 1 trillion bond, and other 16 trillion oversea bank account. Very threatening to wall street.
What comes after America first: America gone...
China first. Biden is a chinese puppet
@@aleo.949 Trump is a Chinese puppet
@@aleo.949 Biden can't make things easier for China than Trump already did.
are you seriously talking as if the US plays by the rules?
The issue isn't that Chinese are buying fewer American goods but that Americans keep wanting more Chinese products. If Trump had wanted to get things more nearly level, what he had to do was persuade Americans to buy less. As if - self=restraint is not an American quality.
I’m really wondering if the US leaves worlds stage with a bang. Since there military is everywhere
Nah we will rather see a really slow decay of the US and increased isolationism with a few new conflicts from time to time. The economic and political competition between US and China will be on fought on equal footing for the next few decades. Both powers will have similar strenght. The US is still a damn huge market and it still spawns tons of innovations each year. China is mostly in the process of catching up right now, in some fields it has an advantage though (like 5G technology).
Also no foreign power really even has the slightest chance of pressuring the country militarily on US soil as it is surrounded by the pacific and atlantic. The same is true for China though. Both countries mainly compete on the economic battleground but proxy wars are a possibility in the future.
I think that the decay of the US will rather develop from inside. The country is really polarized and the media (esp. Fox & CNN) is brainwashing the citizens.
But the US military is everywhere by invitation. Palau just invited the USA to build a base there. The US military isn't occupying these countries. It's in these countries as a partnership.
@@smiter4458 yeah exactly and offcourse the dollar as word reserve currency and it’s impact, when it starts declining. I logged into my account for my pension, the other day and was amazed the % invested in American stocks.
@@wavyy yeah, hopefully the dollar and stocks keep its value. That the internal affairs don’t affect the rest of the world to much.
@@joevanaken9791 I think there RD is getting better rapidly and there produce high tech
Who makes the rules, does China have a say?
the west: we made the rules. and if you play even better than us within our rules, we will change the rules.
if trump allows them to play him. love letters, remember? trump could maybe start by taking the intelligence institutions in usa more seriously
China does not make the two rules but it does break them
@@jmus6494 breaking old rules is making new ones. it´s what usa has done for decades
@@themetricsystem7967 I could understand you unhappiness that some countries flout two rules. The answer is not to throw the rules book out.
9:02 this guy talks about labour rights in China while ignoring the fact that most labour abusive countries like India,Vietnam, Bangladesh where most low labour manufacturing are from..
@Josef K Yes a country with 10,000 gdp/capita is going to demand US wages ok
@Josef K yes, billions of people have died in concentration camps, I went there in Xinjiang, it's terrible. SOS, please save me, I'm stuck in one of the concentration camps.
@Josef K LOL, a loser trying to find excuses for the failure of the US. Can't compete China? Let's accuse them using slave labors like the US did. 😂
India doest abuse labour they earn in lakhs.
China is a country made to enslave its people
Help restore order? 😂
I hear you. Biden is not going to do anything...,
US complains that people on other countries don't buy their wares enough but oftentimes they don't sell things to markets they deem as third class ranked. And this isn't even touching the topic of region-locking measures.
Competition for the Chinese market and misaligned strategic interests will make any US-led trans-Atlantic alliance against China extremely difficult to sustain.
Make América great again means the reindustrialization of América, this colides with the interests of the biggest economic groups. Trump was making a rupture with this INSANE GLOBALIZATION. 3 last decades of western economic decline as well as an enormous climate disaster. With Biden will follow the " business as usual " these are the reasons why media made an enormous WASH BRAIN against Trump. Greetings from Portugal
@@fernandoribeiro7738 isn't it brain wahing
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When the world's biggest producer became the worlds biggest consumer, while increasing it's production things start collapsing.
Global solidarity and cooperation will prevail.
Really? When has it ever?
Lol keep believing that lie, all these countries could’ve cooperated during the pandemic to develop a vaccine but they didn’t..
@@ElementalWarrior1999 We need less people like you on this planet
Greed will prevail
This shows how little DW knows about China, the was no trade war, just equal tax. DW this is 3rd rate journalism
I mean are you surprised? Everyone with a braincell knows they are liars at this point...
The only right way to keep US first and make all other countries satisfied is to urge US to come up with new, major technology breakthrough that can lead to another industry revolution.
And keep China from stealing it.
@@sgt.slaughter8170 It will be China coming up with the breakthroughs
@@jeanking2654 Yea, COVID-19 sure was some "breakthrough" on their part.
We need a good president
The problem is: how can you convince China to play by the rule when the US keeps acting like they are above the rules?
why has roasting uncle sam become a world trend?
Because Uncle Sam has been roasting everyone for the last 50 years.
@@limitlesssky3050 since WWII so 70+ years
What some US citizens fail to acknowledge are their own companies outsource those same jobs to either Asia or Mexico.
Foreign companies are willing to open up assembly plants in the US, like Toyota. Even companies like Airbus with such a small market share in the US, have a couple of plants here.
Placing trade restrictions and tariffs doesn't benefits us.
It also doesn't help that the government does no investment in any infrastructure that will help future proof american workers to not only become more competitive, but also help workers in dying markets to easily transition into new growing job markets.
It seems you haven't been paying attention and think tariffs have only been applied one way.
Stop this meme about infrastructure. If it was so bad there would not an a 16T$ economy, nor would be able to send all the weapons to EU and Ukraine that we have sent. Zero evidence to back up this silly talking point.
Refusing handshake, typical Trump style 😀
petty
Has anyone read Peter Zeihan’s book Disunited Nations? He actually explains all of this.
he explains it from a very pro-american pov and it's written before the pandemic.
USA is a consumer market based on debts. Its advantage is that the other global players still trust in Dollar. But how long will that go well?
Michael V dedollarisation is inevitable in the world. And US debt is a lot less attractive than in the past. The states can't stop other countries trading with each other with other currencies as well. Unipolar world is changing to a better world.
The rest of the world are also in debt. Everyone in debt to someone in one way or another.
Well that debt was sustainable before a couple years ago. Those tax cuts and now the costs of 2020 ballooned the debt. Luckily, there is virtually no interest, so as long as you can outgrow the debt, you'll be fine. But do bear in mind, almost a quarter of that debt is owned by government institutions and smaller state and local governments (for pensions). And the vast majority is in private pension funds, mutual funds, IRAs, and other investment vehicles (so we own most of that debt - assuming you have been saving for retirement during your working years). So debt within reason isn't a negative in itself, it's all about how it is managed and used. Unfortunately most of that debt taken out in the past decade hasn't been used productively.
As far as American presidents go, the great ones in modern times sadly ended with Kennedy and Eisenhower. The following ones were disappointing on various counts culminating with Trump on most if not on all counts. The prospective president Biden would be only slightly better if he made it into the White House. American credibility has hit rock bottom globally and it would take at least a decade or two to win back respect. Meanwhile, smarter rivals like China, Russia, Germany-led EU and Japan too look set to provide more reliable and variated stewardships to the rest of the world. It is not too late however, America can still catch up especially after taking its own citizens into greater confidence and stop being an Israel-condemned tax-slave !
I look forward to having the access to Fair Trade variety at Aldi. So many of my European Favorites were in short supply or unavailable.
STOP BUYING US PRODUCTS
Good luck with that, person currently using RUclips
@@jamesbedichek6106 ahahahba
Why?
@@nope6908 Why would you support a regime like that
That haven't don nothing good for this world
Just take a look at Australia.
What's going on in Australia?
@@kaiserxblue Two things:
1. China is threatening to ban some of Australia's largest exports from entering unless Australia cracks down on pro-Tibet/Hong Kong/Xinjang/Taiwan/generally pro-democracy speech. It's alienating Australians, and public opinion has turned against China in recent months.
2. Australia joined RCEP, which is a trade agreement that includes China (also ASEAN, Japan, South Korea, and others too).
@@kaiserxblue all out trade war!
It’s still there. Anywhere else to look at? Switzerland? Iceland? Greece?
@@vercoda9997 right, everywhere!
Nonsense! There's no kumbaya here. Research which world elite, politicians and interest groups have business interests tethered to China and you'll find the reason why the "trade relationships" have to be "corrected".
America First is only just beginning.
Why does this whole thing feel like a case of monopolists not liking competition
Exactly.
Death throws of a dying empire
In the 1950s and 60s many thought the soviets would win the Cold War. In 1995 many thought Japan would overtake the US as the global economic superpower. In 2009 many thought the Euro was to replace the Dollar as the world’s reserve currency. Every-time the US has remained by far the world’s dominant power.
The US is going to be the strongest nation for remainder of the 21st century. The US’s geopolitical position is about as stable as it gets.
Boy, this is not biased
Nope
Africa just made itself a free trade area. The whole continent. That's going to have international repercussions.
When they discuss ...they never mention Africa....they act like it never exist....but down in their heart they know where real root is
Well it still needs the infrastructure to take advantage of that. It doesn't matter if you have the laws to move goods easily if they can't move efficiently or economically. But that is a good start. Now, just build the infrastructure and you'll be good.
Many had tried & failed from where I now stood, but in my delusions of grandeur I brushed it off as failings of lesser men & into the abyss I went......
"Here comes a new challenger!"
With a Republican party supporting Trump's attitude...are we sure the USA is really necessary in the world? Can't we just forget about them?
Sure, if you want the world to suffer in other ways. Please forget about the US
@@cooliod45 Please stay in the US and leave the world alone
Why is Australia missing from the world map?
Also a third of Indonesia 🇮🇩 and New Zealand 🇳🇿
Because it doesn't exist.
Thanks for your comment. It made my day.
Down under, so..it drops from the map
😂😂 we allways do 🙄🌏
GREAT! About time!!!!!
Actually, the US is restructuring trade with several key trading partners. Big difference. The US reworked trade agreements with Canada, Mexico, the UK, South Korean and Japan, which comprise more than 50% of its foreign trade. Also, it's important to note that foreign trade makes up a small fraction of the US's GDP because it's not an export-based economy. Finally, China, Germany, et al, are undergoing demographic crashes over the next twenty years that will have horrendous effects on the economies of those countries. It is literally unavoidable.
Yours is the only honest response, everyone else, they are selling something.....
With the African continent implementing it's own free trade agreement in 2021 and China deepening trade among its other Asian partners, it is a foregone conclusion that the United States is not that relevant when it comes to global trade.
What rubbish about like minded democracy. You are talking about anglosaxon white people.
@Gg 1 you are right. DW accuse China of what.... in Xinjiang but never mentioned about the western..British , American, Australians, French and German atrocities in the Middle East and Afghanistan. Hypocrites. At least Chinese Media dont try to be morally superior..
If the rule is Chinese tech companies cannot buy chips from anything related to USA, this is not the rule. This is bullying.
So the huge tariffs imposed by Trump didn't make much difference to the trade deficit. I'm surprised how little focus there has been on the fact that these tariffs are TAX INCREASES just with another name. They are paid by US consumers and companies, not by China (though it could lose a little market share)
So, no change just a different spin. A kinder, gentler “Make America Great Again”. World, the old order is over. Deal with it.
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Rich people plays the money game to wine while the poor people plays the money game not to lose. The goal of a true rich people is to have massive wealth and the poor sees surplus as an opportunity for consumption instead of investing it Change your mindset and do what the rich does, which is investing a motivational speaker ones told me this.
@Avery wyatt Coin like bitcoin that has been able to represents legion of adventures and entrepreneur most especially risk taking, investors and problems solver
Especially when the trade is being handled by an expert
@@riggkellsie3699 Ya bitcoin represents itself so high though there's much dip in price currently
According to(Marcus Benard) bitcoin price might boost up to $250k in the next 5 years. so at this rate now is Important to buy and trade
@@hudsoncolton7857 Trading view shows that the price of bitcoin rallied 7.3% to the low rate of $35, 645 on a intraday hight at $38,250 and market top up or market breather.
True
The new trade agreement which Australia is part of just agreed on in the Asia pacific area was made without the US....
Things will only get worse..
Can someone tell from when Eu became a state because it isnt state
US, UK and everyone else ;)
It is complicated to understand what goes on that I gave up figuring out what it is all about.
Who knows. Probably not with all markets though.
Wage war against who doesn't follow the order and try to have home against US interest.
Yeah.... wage war against the entire world, that will work, make the warring nation wealthier, cause no instability, and certainly have no impact on humanity.
Thanks for this interesting, well made reportage!!
Alliance based on ideology is not as strong as the one based on interest. Learn history!
Very good work!
earn more us dollar means
more risks of total loss🙄
Seems most would welcome that risk of "more dollars"
Meanwhile in Venezuela a total enemy of the US at this point the only currency being used is the US dollar as it holds its value for the people there. The same thing can be said for iran as well.
@@seanthe100
US dollar spamming can not stop /uninterruptly while
global de dollarization accelarate
Connally:the american dollar is our currency but your problem…
Pompeo：we lie we cheat we steal…are all FACTs!
FACE IT and prepare for the
imminent are the things that
wise man shoud do!!
take Venezuela as an example
does not help aything at all…
Frank from AmCham Germany: "there's nothink in a labour rights (about China)...". I suggest that guy to have a tour in Germany trough their own warehouses and factories like Amazon and Tonnies. Germany ranked 5th in global human rights violations business index in 2015. So stop poking finger at others and sort your own problems first.
Are You speaking to the chinese? Have you heard of suicide of german workers ? No, you didn't. Do you have work council which joins union and management in communist China ?
I think if you look at the size and the significance of a Uk/Us trade deal would have I think between China and America it's a balancing act, it's to get the best of both worlds. A country like Japan would be a country now to work more closely with on a prolonged basis for the UK.🎯🎯🎯
So, this video was about the well wishes of some 'experts' and the things they think that MUST be done.
I'm amazed by the ___________ of this video.
But the reality on the ground is that my business with US is growing, even more during the pandemic.
I hardly see products made in china anymore. There is a good mix of vietnam, taiwan, japan, bangladesh, India, malaysia and Indonesia etc. Ie the trade war has created a lot of winners.
If west wants to keep china in check then India needs more development and investment.
What's your business,monkey business?
I don't know where you live, but here in the US Chinese products still dominate. Go to Bestbuy, Target, Costco, Ikea, Walmart, Etc more than 60-70% of products are from China.
@@Zergcerebrates he is some cyber soldier,armed with troll but intelligence.even the countries he mentioned like Vietnam most of their manufactures are Chinese background. China now could manufacture all products in economic way,he thinks it's just one word that could change the world situation.
Are u in the B.S. business? Holy cows.
Biden’s 3 points contradict each other.
It's called the onset of dementia...."There are 3 things that are going to happen IF I am elected" Joe Biden. 01:25 Look at the background "Office of the President Elect" he was already elected when he gave this press conference...
Dankie Werrie
Great video
Man, you can see how much Dw news loves Trump.
The great thing about the US steel and aluminum tarifs was that the EU could simply have exported aluminium to the US 😁
This is not one of DW's better videos; their other videos are usually much more thought provoking and insightful. Too much spoonfeeding of basic information in this one.
Why not talking about how to have a better supply chain cloud technology ?
Cloud technology is dumb. The "cloud" is in fact a real power-consuming computer somewhere else, better keep your data with you on physical drivers like SSD, flash drives, SD cards. It is said that in 2030 cloud will consume 8% of all power generated.
Such a promising 4 years now! Can’t wait to see the new deals that come out of this. The US can finally fix the mess the baby left behind.
unfortunately, your country is already a mess for several decades now. It will take quite a few good presidents to fix that. As it stands now and seeing that not a lot of US citizens are inclined to look at their own country's flaws, rather at others', the US is in sharp decline and pretty soon it will be just another failed empire making way for the new one: China. Edit: forgot to mention the pandemic severely reducing purchasing power of normal americans and the lack of quality products.
@@Andrei2patrU - The US does have it’s flaws but so does every single country in this world. One thing for sure is that many countries would be in trouble without foreign aid from the US. Or you can argue that other countries should not accept US foreign aid and learn to pull themselves up on their own.
US rules: you work, you trade, I grasp the control of your finance.
We actually have to make a big suggestion or question: How the world is restructuring trade without China?
Making a strong China is real threat to the world, all the countries having common borders with China is now being gotten into trouble with China - I repeat: All.
Instead of spend money to help people doing things better for life, the government of these countries forced to spend money and workforce to build stronger armies, and that is not good at all. But they have to do, with only one reason: to prepare protecting against one aggressive China.
And then, the whole world are going to be in the same situation like these so fitful countries.
Well Done !! Professional & Enjoyable presentation.. Thank you !!!
Too late! China and EU signed an investment/trade deal!
What's with the bag, put it down. Jesus.
Question is whether that regional deal will prevail considering what has happened and what are the attitudes
As a European, can I propose to put aside racism and think about our own one belt one road initiative and even suggest making it a true one belt one road. Forging a new worldtrade system and build a brighter future.
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I finally realize why USA can’t understand China’s “win-win” strategy for the BRI, it’s cause USA has always done a win-lose strategy
@Frank Castle learn it yourself, ill give you a hint though. You’ll never hear about it from an American news media
No way we should be trading for finished goods with any country that doesn't have a similar environmental and labor program similar to our own.
A country that allows slave labor should not be traded with. A country that allows untreated effluent from its industries should not be traded with.
These steps will be necessary to ensure successful reshoring of our lost manufacturing and related skills.
The right question to ask is, why we need a trade at all, we are all living on the same planet. Sovereign is a threat to humanity.