Higher tariffs would push Chinese factories to move some parts of production, like final assembly in places like Vietnam, Thailand, Cambodia and other asian nations. Making the item 90% in china but finishing it abroad to escape the sanctions. So the impact would likely be limited but it would greatly benefit other developing countries around it.
Other countries will also fill the gap. Indonesia and India are already producing many goods that the Chinese market isn't able to provide cheaply anymore.
And american citizens will pay the tarrifs as they did during the last trump presidency which saw a decrease in spending power and a decrease in GDP directly because of the tarrifs he imposed.
🤣🤣🤣 USA literally depends on some of the cheap chinese products and commodities. I don't think the internal manufacturing replacement plan is going to workout as USA wants.
@@azliaheaven are you profesionally ignorant? chinese wages are rising and its no longer the most competitive country for cheap manufacturing, thats being taken over by mexico in nearshoring and companies will still offshore to south africa, bangladesh, philipines etc.
He also said he was going to reduce tax and reduce the American debt. Idk if he has any idea or listened to a single meeting he's been part of to get things so wrong.
Americans voted for Trump to fix the economy but his policies would ironically make it worse 🤣🤣 Since when USA has been manufacturing locally to impose such tariffs on other Nations Manufacturers would simply place the burden of inflation on the heads of end consumers 🤡
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Maybe look at the economic reports and you’ll see just have the Chinese economy is. It won’t collapse because of the population but growth is questionable, especially considering how much the communist party is hiding
really thought tldr and every other european were gushing with glea even up to a year ago about how China is gonna pass the USA as the next super power and the next century is the china century. LOL
...Yes it has already collapsed. Their real estate crash is already as bad as the 2008 crash was here and their deflation is reaching levels only previously seen during the Great Depression. And that's according to their official released figures, who knows what the real figures are. Just because we don't really care that it's happening doesn't mean it's not happening.
It doesn't need to collapse for the working class to suffer. By getting high on capitalism and treating workers poorly, socialism is anything but pipe dream in China, especially the inequality is somehow even worse than the US. If China won the trade war and dominated the global economy, the true victor would be capitalism.
Bro the whole point of the tariffs are trumps attempt to bring manufacturing back to America and cut income taxes that's really not a bad idea and many president's have been trying to do this just none have been this extreme about it.
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I mean that’s what Biden is doing. He restricted high tech exports to China while giving massive incentives to companies to build high tech manufacturing in the U.S. with the chips act. A shame that the U.S. voters love vibe over their own interests
There are two main points that you're missing on why China does not want to provide stimulus to help support the economy. 1. The CCP is afraid of inflation after bringing 800 million people out of poverty. If hundreds of millions of people in the countryside suddenly don't have enough money to eat, this could be a threat to their power. 2. Corruption is still a large problem in China and if trillions of dollars worth of stimulus begins to flow, a significant amount of that money will be embezzled and laundered into western banks while certain officials disappear into western society.
China just announced a $1.4T stimulus to keep cities from going bancrupt. The CCP is trying to keep the property bubble from affecting other sectors of the economy.
First of all 800 million people out of poverty is propaganda published by the CCP. People are still poor in a lot of places in China and all they did was lowering the income line below what these people were already earning to make it look like like the CCP lifted people out of poverty when in fact they made poor people even poorer. There is a reason why Chinese people are trying to move to HK or if they can, they try to escape to a place where they can earn a proper living. Second point is true and CCP as a whole is very very corrupt. Xi made himself president for life and thrown his opposition in jail or forced them to to join him.
if this is true than China would not have made stimulus in 2008. the reality is China is just waiting for the right timing, it is pointless to do stimulus when US policy is unclear, how do you know where to invest in? so obiviously they are waiting to see what the gold is. as for million not having enough food, China has more than enough food surplus for months. China produces twice as much food as India does and they have the same population. food is just a bullshit narrative created by the west that only look at import data and doesn't understand alot of that is ending up as canned export. canned food that is easy for the government to stockpile and distribute too.
joelongardner how are the americans enjoying chinese made blue crystal fent? rising inflation rate, rising fuel cost, american grocery stores have to lock up items to prevent shoplifiting and you can shoplift up to $950 without getting punished
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Famously, This has been proven to literally be false. and is only true to what is NOT made by Trump and the "Made in China" Maga merch is sold by third parties. shut up and get facts straight bub
The USA Can't manufacture everything it imports from china, so in the end, US consumers will have to pay high prices for cheaper goods because the Federal government will pocket that tariff for itself. Tariffs make the government rich and citizens poor.
1) China has been diversifying its export market 2) Unless US manufacturers can innovate and push cost down, tariffs will result in inflation and limited growth 3) China set manufacturing bases in strategic countries such as in Mexico to avoid tarrifs
China is tempering that a bit. Best example is pulling back from letting their companies do big investments in EV/hybrid auto manufacturing to serve the European markets. Best reason I've heard for this is they want to keep domestic manufacturing going on this key (for them) market so as not lay off a lot of Chinese employees. Also the possibility of just doing final assembly in Euro-focused factories vs finding local parts suppliers at those new factories. Good example (although just from my personal observations) of this final assembly tactic are the television brands Hisense and TCL, their TVs I was looking at last weekend were labeled 'Made in Vietnam.'
US manufacturers have been innovating and pushing costs down. So much so we brought textiles back to the US. Chinese export market has arguably failed in its diversification due to the low purchasing power of the countries it's trying to export to via belt and road. Mexico is used by both America and China for manufacturing. Realistically China moving manufacturing to Mexico is a win for America.
Textile is a low complexity product while for high tech goods such as car, electronic devices, battery, solar modules US remains uncompetitive. Ofc its contributing to but not all due to cheaper labor. China is good in scaling up manufacturing technologies and ramp up productivity
@jackofnone500 That's actually my point. The product is so low in complexity that it's basically only made using women and sewing machines, and thus incredibly sensitive to labor costs which is why it's historically been made overseas until within the last year or two. However, manufacturing in the US has advanced enough that it's made it cost competitive to return back to domestic shores. Thus, I present it as evidence of the continued advancement of American manufacturing. China is currently doing a lot of those middle tier goods, and it looks like the US manufacturing can now do even some of the low-end. Thus, realistically, the play for the US is to continue investment in Mexico in order to regain a "domestic" source of those technologies as they're roughly cost competitive. As an addendum, IIRC most cars in the US are, in fact, made in the US, but under foreign companies such as Toyota.
@ and that’s exactly my point also. Its not all about cheap labour that gives China its competitive advantage. China successfully scaled up advanced manufacturing technologies that boost productivity and quality, which matter even more when it comes to higher tiered products. EV and solar module are good examples for this case
People gave been saying the world is going to end for ever mate, relax. Remember india can fill the gap in supplying many products and diversification will be good thing in the long run.
They wont, they outsourced a lot of industry to china, over time this creates a skill deficiency in the US and skill accumulation in China. The US is left with useless nepo babies with MBAs running things.
@@uchuynguyen4763 Which as a result of us stripping Russia of all of their USD because of their siege of Ukraine. Countries around the world are getting uncomfortable with that action and are looking for alternatives. Alternatives like just simply bartering, and using gold to make up the difference.
@@uchuynguyen4763 It's closer to 80% with USD. It's a well oiled machine. Plus when you look at innovation - for example - it is booming with AI and way ahead of anybody else. The country is rich in talent and capital.
When you do a video on USA China relations, you might want to use a world map with the Pacific Ocean in the middle. Instead of one with Europe and Africa in the middle. As a bonus you can actually put the arrows where the trade is done instead of the other side of the globe.
You also need to look.at other countries.that slap tariffs on Chijese good Indonesia slapped a 200% tariff on chinese clothing and texiles Even Russia is slapping tariffs as well
Yesterday, Indonesia met with the Chinese president to discuss a tariff-free agreement and increased oil production, meaning Indonesia relies more on China than China does on Indonesia.
@@stevenrafa1 If the talks are about increased oil Production, which Indonesia is a producer of, And China is an importer of, then it would mean China relies on Indonesia more, not to mention Chinese activity in Indonesian nickel mining and processing
even after that Indonesia's textile industry this year is doing pretty bad. For example one of the oldest and biggest producer just went bankrupt some weeks ago. Some asks the government to bail them out or even nationalising it
I am American and I will be honest in that I did not vote for Trump, however, here is my perspective. We Americans only make up 5% of the world population. We might have the largest economy right now and we may be a pop-culture powerhouse, but we will not be these things if we abandon our allies and cut ties with China. Our economy is built off of the world economy, and we need to get along to a certain extent to stay wealthy as a nation. If I were a European nation right now that's about to get slapped with tariffs, I'd cut ties with America and simply start trading more with the East.
america was once an omega pop culture powerhouse, but they no longer have the same statue as they once did before as well. they are still a pop culture powerhouse, but japan, korea and even china are really slowly creeping up in terms of world pop culture power.
Europe has the same issues with the "east." They're talking about tariffs over EVs and Germany is functionally screwed because they're sales in China are tanking due to local competition and overreliance on inputs and outputs from Russia and China. Cutting ties with the US would be economic suicide. Like it or not, things are going to be fundamentally changed with Trump's presidency but the world will essentially be held hostage for four years while the US goes through Trump's presidency but the world will essentially be held hostage for four years while the US goes through whatever Trump's going to put them through. If his administration sticks with the plans and cuts a ton of gov workers, deports mass amounts of people, dissolves the department of education, and raises tariffs, essentially torpedoing the economy by taking manual workers out, taking money via gov workers salaries, raising prices and therefore inflation, and essentially putting a cap on talent by cutting education, hopefully it gets so bad, Americans learn the meaning of consequence when it comes to politics. Maybe it'll hold us over for a couple decades and helps us long term. That's the optimistic take anyway.
This is woefully inaccurate. First off: America has VERY few ties to the world economy. It has a trade to GDP ratio of 27%. The GLOBAL average is 63%, for Europe it's somewhere closer to 80% or 90%. Iran has a ratio of 51%. Over half of American foreign trade is within NAFTA. The only country with a lower ratio is Sudan at 2%. Secondly, for the European market, China is still a threat given that it is still a power with expansionary ambitions, is anti-democratic, and is actively oppressing its population, all values antithetical to Europe. Thirdly, America has 5% world population but has 25% of the global economy. Still more than China, who is also actively trying to steal intellectual property in order to put you put of business and take over your market. There's no version of this which looks good to trade with China besides short term finances. If you're into training up your competition and trying to become politically and economically dependent, that's how you do that.
@@buddermonger2000 Yes we do have a large GDP because we get along with others. Like I said, we don't want to be cocky and ruin it. As for Europe, counties like Germany and France have already begun trading more and more with China. Don't be ignorant.
@WHR0306 Having the second lowest trade to GDP ratio in the world is not from playing nice with others, lol. Also, yeah, I know France and Germany already trade more with China. I just think they're stupid for doing it due to the reasons outlined above. They hate Russia, and they're trading with mega Russia.
When trump first added tariffs, most of my Chinese vendors told me they didn't care because America is only 10% of their business. Ultimately, stopping trade is a loss for the world. The American people can't possibly make all the goods coming from China's experienced population of 1.4 billion people. More tariffs are just an excuse for domestic manufacturers to jack up their prices and make higher profits. In the long run, it might drive more work into manufacturing, a gain for blue collar work but a loss for the most intelligent people. Perhaps, China will start taking over the most sophisicated work in the world which requires the brains that we do have, and we'll ultimately become poorer from losing that edge in the market.
China will be just fine. Tariffs affect citizens of the importing country. Its not like US can switch from Chinese manufacturers to others, because the whole world has outsourced manufacturing to China over the past 20 years China is likely to make business difficult for US companies, through "shortages" and "delays" of critical materials
Those delays will be because of Chinese goods importers not being able to afford the difference in cost, because the free market will have a 60% tax on goods imported from china.
@@sparks1792 Farmers needed billions in tax payer dollars to be bailed out because Trump's last tariff stunt. We didn't see any benefit while China just shrugged their shoulders.
In the past under Trump, they stopped taking any orders or any contacts for soya beans and figures showed over 1% of USA farmland went bust (other farmers were brought up via shell companies when it became political (esp when farmers retired and sold up due to the links to tariffs) in turn people linked to the Chinese state took over the farmland in the USA. And you are totally correct as in raw supplies of materials like rare earth material - oh yes my USA that is a 200% price rise for you and you get in in a year or so maybe!
it might hurt the US short term but the tariffs will convince some manufacturers to build factories in america even if it hurts our finances it is better to be less reliant on a rival for basic supplies
@@SelfProclaimedEmperor "A May 2019 analysis conducted by CNBC found Trump's tariffs are equivalent to one of the largest tax increases in the U.S. in decades. Studies have found that Trump's tariffs reduced real income in the United States, as well as adversely affecting U.S. GDP."
@@1Orderchaosyes but his tax cuts were atleast 4x higher than his t@riffs. And that real income one was an estimate. But the real results showed a $5500 increase in real household income in just 3 years which is the literally highest since 1960s.
@@lja996you do know that most of that $7.8 trillion is bipartisan c0vid spending right? Dem house literally approved it. I don’t fully support the aid spending but you’re intentionally omitting key context. And yes in his first 3 years there was real household income growth, gdp growth near 3%, low mortgage rates, low inflation and nearly 500k manufacturing jobs added in 3 years reversing the decades of manufacturing decline and largest poverty reduction since 1960s. He literally won because of the economic nostalgia Americans have for 2017-2019.
A blanket tariff wont work, but it’s interesting to watch them try. There’s a reason certain countries manufacture things. It’s cheaper and more efficient. It frees up the importing countries to do more high tech, high value production instead. Good luck to the consumer facing higher prices on their microwaves, shoes and practically everything because the supply chain is inevitably globalised. Trump will be gone in 4 years, is there any guarantee these tariffs will remain in place for 5, 8, 12 years afterwards? Business owners aren’t going to take the risk
Honestly our government has no idea how people are suffering these days. I much feel sorry for the disabled and homeless people who don't get the help they deserve, Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
yesn't - china could be the winner. If the us industry starts collapsing many countries will have a new go to country, china. If done wrong, china might simply take your no 1 spot within the next 4 years. And never forget, trump made a casino go bankrupt - and he is now the guy making your countries financial future.
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inflation will not leave but deteriorate as long as US keeps borrowings BRICS sees this problem and starts a new currency and payment system in order to reduce to rely on USD u borrow and create the inflation problem, u take the consequence, not by other nations
@@kenho-wr5ul2rh7m So the U.S. has inflation because they borrow... in their own currency. And BRICS will supposedly solve the inflation problem by not using U.S. currency, and instead by borrowing... in their own currency. Yeah sorry but this is wishful thinking for people like you, that actually think BRICS means something. You can't just say "US INFLATION BECAUSE THEY BORROW FROM THEMSELVES" and then turn around and say "BRICS will have no inflation, because they will be borrowing from themselves! :)" without being laughed out of the room.
Unlike the CCP with its 1/2/3/x child policy and then quick reversal. The West does plan ahead. Why would we want Chinese products that are specifically designed to destroy local businesses - via free state sponsored shipping and low prison labour manufacturing costs? The sooner Temu, Shein, etc companies are banned from Westerner markets the better.
Yeah… when the global economy was less interconnected and the only way to travel between continents was by ship. Using concepts that half worked 100+ years ago is DEFINITELY going to work now… Do you know what happened in 1929?
I was hoping to retire soon but I guess I will need to wait. Will definitely won't be able to retire in the usa. cost of living is too high, unless I move to sh!thole states like Alabama, Louisiana, mississippi, etc...
@@OK-hl6qd Are you this dumb to believe propaganda that the U.S. doesn't have any factories? At all? Really? You think the world's largest manufacturing country doesn't have ANY factories? Ok...
Importers will prefer to pay the tariffs rather than move the manufacturing to the US. After all it costs more to produce in the states, so what's the point of risking large amount of investments to end in the same place
Manufacturers are already leaving China and have been for years. This is just another incentive to drive the last few remaining companies that believe CCP controlled China is the future out of the country.
@@azliaheaven Even then they would likely move to someplace like India, Bangladesh or Vietnam where their costs would be lower, and that's only if the expense of committing to such a move would be sufficiently less than what they would have to put up with by just eating the tariffs and raising prices.
Naive, Why American people spend money on Chinese goods? It is because American people short of money to be patriotic to buy expensive American goods. Uncle Sam raise tariff wont lead to patriotic American get more money, as a result, American people are still poor to spend on American goods.
That depends a lot. Most of the times the countries that better survive a trade war are those that are self-sufficient on their primary needs, both services but also food, energy and consumer goods. As a primary example of that, the main loser of a China-US trade war is Japan, since it's not self-sufficient in almost anything its economy and people need to work normally, so it's going to suffer from the price increases from both sides.
People probably forget China's trading surplus with US sharply increase after Trump's trade war in 2018 You the American are assuming urselves too big, US-China trade only accounts for 16% of China trading capacity, China is trading 84% of its capacity with the world other than US In another word, u are only with 16% importance to China
And America's manufacturing capacity is failing horribly. America's tariffs only make sense when the federal government is willing to recover its manufacturing sector. So far, it's turning worse.
US manufacturing has actually been steadily increasing for the past decade. The US is currently the 2nd largest manufacturer on Earth, second only to China. It's just that automation has replaced many of the traditional factory jobs. So while the number of workers has decreased, the manufacturing capacity has increased. With all that being said, I still think that the Tarriffs are a terrible idea, that will just lead to more inflation. If our government wants us less dependent on other countries, there are better ways to do it.
$5 or $10 T-shirts made overseas are produced for around $45 in the US. It is the same type of story for so many of those types of products. Those jobs are NEVER coming back.
@@Howdy1957 Trade war has some long term and big consequence Trade war against European car in 1960s-1970s caused the rise of Japanese car globabaly in 1970s Job outsourcing in US started from 1980s, because of Ronald Reagan's trade war against Japanese car, and this consequence still last till these days, US still outsources jobs in 2020s Great Depression in 1929 started because of the trade war against Europe from ~1927-1929
Point 1: The american economy is based on the dollar. Point2: The US dollar is the world reserve currency. Point 3: With all the leg work that's been getting done setting up other nations with the F-35 program in nations like Italy, Netherlands, Australia, Canada, Denmark, Norway, Belgium, Israel, Japan, and soon, possibly Poland with billion dollar deals for the capacity to manufacture or just buy this plane its armaments, and its capacities.
@@armandoventura9043 hopefully not. If that does happen, the inevitable financial contagion will mean most of the rest of the world will be in even worse shape.
I just watched the documentary about this last night. China is already getting around tariffs by shipping unassembled parts to Mexico and then having a company in Mexico assembly in there and stamp a new label on it.
In recent years I have bought Chinese made refrigerator, air conditioners, TV, electric shower, not to mention numerous other lower value goods. Why? Because they are cheap and amazingly, they are good! The days of Chinese goods being laughably inferior are long gone.
@@DarkArcticTVlol.... What a childish knee jerk reply to anything that goes against your own brainwashed biased views ... Still stuck at 7 year old , mentally ?
I agree with you in prospect. Ironically the workers will end up seeing a slight wage bump while the managers and board members rake in all the bonuses and stock lol. In the end the American consumer is paying for the rich to get richer. Unemployment isn’t an issue anymore, the wages are. The slots are already filled, everyone is just underpaid. The wrong people will see our money because they control when and how the raises are distributed. Naturally they keep more for themselves.
sir livable wages in America is a joke lol. Trump wont raise the minimum wage thus with prices raising due to tariffs, the American worker falls behind resulting in more wage income disparity.
@@RagafragaMuffin This would only occur if inflation rises justifying to corporations a bump in wages. I mean unions can strike but considering Trump stated that companies should be allowed to fire Union workers who strike for long periods of times I doubt that any real effort would be made to raise wages for Americans. I mean my mom has only received a 2% increase in her wages even with the 9% inflation and she makes around 30,000 per year which is way under the median income [all though my dad makes way more than her so I'm not struggling] but still, if her and my dad had divorced she'd be making under the poverty line because she works in education. Corporations will not rise wages unless they see a reasoning to do it, and even then the reasoning will only see a 1-3% bump in wages.
The us doesn't have the infrastructure anymore to simply start making everything internally again. Factories and that experience has been moving to China for 40 years To move it all back is gonna take decades
One data can overturn the entire article: China's exports to developing countries have exceeded those of developed countries. This means that the market in developed countries is no longer the most important, and it also means that developed countries’ willingness to buy is greater than China’s willingness to sell. SO, no matter how much tariff you add, it does not affect the overall situation
This could encourage other communist or authoritarian-leaning countries, like Cambodia, Vietnam, or Laos, to boost production, potentially positioning them to become U.S. rivals again once they gain power.
@@ChillingKong More likely they'd rather have a broken China that they can steal territory from and expand their communist or authoritarian-leaning countries...
This channel usually has good information, but you can see the biases. Unfortunately, my expert opinion, China's economy will soon take over the US economy. The tariffs will do little.
Tarifs only work if there is a viable (domestic) alternative. Where are they going to buy iPhones, MACs, PCs, electronics from? Those are not produced outside of China in quantities / supply enough to satisfy the demand. And same is true for many other products - with some exceptions, for example simpler stuff like clothing etc.
Exports as % of GDP in China was about 20 % in 2023. And export to the USA is 17% of total export of China. So even if US totally bans all imports from China, it amounts only 4% of GDP of China at most. China will suffer, yes. But not so catastrophic to Chinese economy. 4% of GDP worths only 1 year of Chinese GDP growth. So China will overcome the economic shock from US import ban or tariff within 1-2 years.
Yes. The question is how strong the USA will suffer. GOLDMAN-Sachs calculated a decline of GDP by 8.9% if Trump realize his plan. This is a twice as bad recesin in the USA than in 2008.
According to the numbers of the Chinese government? Not too sure that’s the most reliable, after all there was somewhat, 100 million nonexistent people they counted?
To who exactly? Where else can the CCP dump their tofu dreg products where they aren't already dumping them? Chinese people aren't buying enough Chinese products to make the country self-sufficient, so they're relying on foreign exports to prop up their economy. If even Chinese people don't want what the CCP is selling, why should anyone else?
Do... you understand how graphs work? And when U.S. presidents take office? Trump took office in 2017, he was only elected in 2016. China's surplus was dropping during Obama-era, as evident by 2015/2016, and started rising... in Trump-era America, during 2019/2020. So yeah, tariffs don't work, the graph clearly shows there's no correlation to U.S. tariffs on China with their surplus. Pay attention is school next time.
China tariffs kind of make some sense. Starting a trade war with the rest of the world... Less logical. Expect inflation and less choice of products. Also expect American business that import raw materials to suffer.
American businesses that depend on exporting are also likely to face tarrifs coming back their way. Which is like ramping up taxes on your own businesses but not getting any money for it
China's advantage is they have a long term strategy spanning decades, whereas western countries have very short term strategies. China is still the Top Trading Partner to more than 120 countries.
@@dean_l33You don’t need to be alien to have plans for decades. The communists can plan like that because they have authoritarian rule. But the downside is that they’re slow to respond to change, and these systems fail eventually.
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It depends on if you believe their GDP figures, which I do not. But the truth is that you’re right it won’t substantially harm China until we get other countries to stop trading with them too.
Bro the whole point of the tariffs are trumps attempt to bring manufacturing back to America (aka create more job's and make the US more self reliant) and cut income taxes that's really not a bad idea and many president's have been trying to do this for year's, just none have been this extreme about it. Not to mention trump also wants tap into our own oil supply so we don't have to buy it from others and rely on imports (and he also even wants to export some of our own oil to an extent) Trumps also talked multiple times about investing into renewable nuclear energy systems (this will reduce the price of electricity btw.) And trump also wants to deport illegal immigrants who steal jobs and leach off of welfare/taxpayer dollars. And he wants to cut military funding to Ukraine (which we've given hundreds of billions of dollars under the biden Harris administration btw.) Among a few other thing's. Even if he doesn't have the greatest economic plan it's 10× better than Kamala Harris's economic plan LMAO.
@@louisjefferies2733 Bro the whole point of the tariffs are trumps attempt to bring manufacturing back to America (aka create more job's and make the US more self reliant) and cut income taxes that's really not a bad idea and many president's have been trying to do this for year's, just none have been this extreme about it. Not to mention trump also wants tap into our own oil supply so we don't have to buy it from others and rely on imports (and he also even wants to export some of our own oil to an extent) Trumps also talked multiple times about investing into renewable nuclear energy systems (this will reduce the price of electricity btw.) And trump also wants to deport illegal immigrants who steal jobs and leach off of welfare/taxpayer dollars. And he wants to cut military funding to Ukraine (which we've given hundreds of billions of dollars under the biden Harris administration btw.) Among a few other thing's. Even if he doesn't have the greatest economic plan it's 10× better than Kamala Harris's economic plan LMAO.
I think the White House should publish a list online on of what the top imports are in different industries to encourage Americans to not buy from these brands. It probably won't do much but it'll have a some impact on the deficit
Perhaps China becomes a bit more isolated, but since they make everything except chips and have local companies, they may be able to survive in the future.
@@CountArtha small hole in your theory with all the certain retaliatory tariffs certain to be placed on the US we won’t be producing anywhere near the amount of energy we are now since who would buy it? And corporate taxes are already next to nothing and what further regulations? At this point rivers may start catching fire again
@CountArtha Problem is that large American companies are inherently never competitive and do not try to be. Rather they are primarily oriented around profit maximization far above any reasonable amount e.g. insulin, recent American cars, etc. This prevents innovation as it does not create an inherent necessity.
@ yeah I just watched a mini doc last night about how American cars are so unaffordable because they shifted their priority to profit and higher margins over higher volume
He tried that in the first term. That didn't work because the supply chain is still heavily depended on China. I doubt it will work this time around either.
China is more focused on expanding its market to a broader range of countries. There are 8 billion people worldwide, a market far larger than the US. The US market represents only a very small portion of its global trade.
@@cool_things_collection Yet the U.S. market (besides the E.U. market) is the biggest, high-income, developed consumer market there is. You can say that it "represents only a very small portion of global trade" all you want, the truth is that Americans are still the largest market, because they can actually afford everything the Chinese/any other country is offering them. Every other country is either not as big as the U.S., or too underdeveloped to afford anything China would try selling. There isn't "much" to expand to for China. Expanding into rural Ethiopia where people can barely afford electricity isn't a replacement for American consumers lol. So yeah you're incorrect, basically.
I do t think you understand what tariffs means. Also the biggest economies in the world are already in the G7 and the G20 which btw includes China as well…
The brics is not a real alliance lol😂! There are more conflicts than trade agreements inside! Just few examples: 1. egypt vs ethiopia. 2.saudi arabia and uae vs iran 3. India vs china. India and brazil even rejected belt and road initiative! What a bunch of looosers😂😂😂!!
@@jaegar2004but they're sovereign unlike US vassals Surely india and China has tension But that doesn't prevent them from brics summit and border disengagement
The deficit is visualised accurately, it is the difference between exports and imports and this was visualised by adding the deficit amount onto the export amount to show it amounting to the value of imports. This is why the yellow bar reaches the 500 line but that is only because it is stacked on the imports.
2:49 it hit 500 because they were talking about deficit , it started from the 100 something mark . So blue bar+ the yellow bar = the red bar . I.e export+ deficit= import .
In reality, even you put 200% tariff on Chinese goods, the 1st thing you need to make sure is US can replace that goods with something cheaper than 200% tariffs Chinese one, the problem with US right now is they can't make something cheap enough for the American people.
It's had its own isolated market since covid and it hasn't been doing well (like the rest of the world). The undervalued currency makes their goods cheap for other countries, but not for the salaries of their own workers to afford the very things they're making. Also it's not true that it's the only market that's growing, just Google "countries with gdp growth 2024"
If you believe the data the CCP publishes. Look at foreign analyst's outlooks on China for the last few years and they are either flat or negative on Chinese markets. Most I see rate China as too risky for investment right now.
One side of the discussion I rarely seen people talk about: Given tge current condition, would the world economy grow without Chinese or semi Chinese goods? The manufacturing of consumer goods or any mass production goods are optimal. We haven't seen Apple moving any iphone production line to the US for quite a long time since the iphone inception!
@ Yes, before China it was Japan. But the era of Japan manufacturing was before the globalization and the Japan only produced maybe 1/10 at max of consumers goods we used today. Made in Japan products back then only served industrialized countries. China now manufacturing for the world. Chinese domestic market is so huge 1.4 billion people, so the production cost is really optimized to the point of unproductive if manufacturing elsewhere for most of the things. You can say textiles made in Cambodia or Bangladesh, but the clothes and the sewing machines are coming from China!
As with BRICS, China will also isolate America in trade, Trump asked for it with his America First plan. But at least Trump promised America cheap eggs.
Higher tariffs would push Chinese factories to move some parts of production, like final assembly in places like Vietnam, Thailand, Cambodia and other asian nations. Making the item 90% in china but finishing it abroad to escape the sanctions. So the impact would likely be limited but it would greatly benefit other developing countries around it.
They do this using Mexico already🤣
Even US made stuff is like that.
Other countries will also fill the gap. Indonesia and India are already producing many goods that the Chinese market isn't able to provide cheaply anymore.
And american citizens will pay the tarrifs as they did during the last trump presidency which saw a decrease in spending power and a decrease in GDP directly because of the tarrifs he imposed.
SLAVA 🇹🇼
"We will hurt th Chinese economy!"
"How?"
"By ruining their primary market: America."
Mansplaining.
And then China put its factories in Mexico
🤣🤣🤣 USA literally depends on some of the cheap chinese products and commodities. I don't think the internal manufacturing replacement plan is going to workout as USA wants.
@@azliaheaventrump is also against raising the minimum wage so we cooked
@@azliaheaven are you profesionally ignorant?
chinese wages are rising and its no longer the most competitive country for cheap manufacturing, thats being taken over by mexico in nearshoring and companies will still offshore to south africa, bangladesh, philipines etc.
Tariff is a tax. On consumers. So a sales tax. First politician I've seen get elected on a promise to increase taxes.
Brexit..
He also said he was going to reduce tax and reduce the American debt. Idk if he has any idea or listened to a single meeting he's been part of to get things so wrong.
-"i promise to raise taxes and cut subsides, not for the rich but for the rest of you"
-gets elected with unprecedented support.
He's always been a sly one.
what about the retaliatory tariffs that china puts on america good would by that logic ruin their economy?
in the end, American consumers will pay more.
@@jameschalkwig787 what financial stability? tariffs on all imports will wreck the economy and cause inflation to return at full force
@@jameschalkwig787 Who/What guarantees that?
@@jameschalkwig787 Biden added 15+ millions jobs. Trump lost 3 millions jobs. Facts.
Americans voted for Trump to fix the economy but his policies would ironically make it worse 🤣🤣
Since when USA has been manufacturing locally to impose such tariffs on other Nations
Manufacturers would simply place the burden of inflation on the heads of end consumers 🤡
@@jameschalkwig787 You know that USA is more dependent on import than export and crackdown on import with triaff is sound like best idea ever
"Okay, so I’ve been stacking my pennies (and by pennies, I mean $223k in my emergency fund, lol) and now I’m ready to dip into investing. But can someone explain to me how I’m supposed to feel about Trump 2.0 potentially throwing shade at China’s economy? Like, is this my sign to go all-in on U.S. stocks, or do I hedge my bets globally? Someone throw me a bone here."
"Nice stack there, my dude! But honestly, it’s all noise until you’ve got a solid strategy. I used to overthink this stuff too until I brought in a financial advisor. Best decision ever. A good one can help you navigate the chaos without losing sleep. Trust me."
Y’all are making good points, but finding the right financial advisor feels harder than picking stocks. Any tips on where to even start? I need someone legit who can make my money work while I figure out what all this Trump-China drama means
"There are a handful of CFAs. I’ve experimented with a few over the past years, but I’ve stuck with ‘Linda Aretha Reeves’ for some years now, and her performance has been consistently impressive. She’s known in her field-look her up."
Checked out Linda Aretha Reeves, and wow, she looks like exactly what I need to get my financial act together. Thanks for the solid recommendation!
Watched Linda Aretha on a Bloomberg Finance Summit four years ago, and her presentation was pure gold. She definitely knows her stuff-good luck!
so is china economy collapses yet? you guys been saying it will collapses since 2016, that is the longest 30 days ever btw
Maybe look at the economic reports and you’ll see just have the Chinese economy is. It won’t collapse because of the population but growth is questionable, especially considering how much the communist party is hiding
as long as Gordon Chang and his anti china goons still roam the internet, expect more of those monthly china collapsing videos
really thought tldr and every other european were gushing with glea even up to a year ago about how China is gonna pass the USA as the next super power and the next century is the china century. LOL
...Yes it has already collapsed. Their real estate crash is already as bad as the 2008 crash was here and their deflation is reaching levels only previously seen during the Great Depression. And that's according to their official released figures, who knows what the real figures are.
Just because we don't really care that it's happening doesn't mean it's not happening.
It doesn't need to collapse for the working class to suffer. By getting high on capitalism and treating workers poorly, socialism is anything but pipe dream in China, especially the inequality is somehow even worse than the US.
If China won the trade war and dominated the global economy, the true victor would be capitalism.
People have a bad habit of thinking one singular thing will tank an entire country
because most people think very small
Survive? Yes. Suffer? Yes.
Collapse? Yes.
Masturbation? Yes.
Hotel? Trivago
@@Nostrama👺👺👺👺👺👺 Bros a man of culture
CCP is doomed for failure. They hate the Chinese people so why should the Chinese people tolerate CCP anymore?
Can the US economy survive Trump's isolationist strategies?
Can but will end up on the level of Brazil
Bro the whole point of the tariffs are trumps attempt to bring manufacturing back to America and cut income taxes that's really not a bad idea and many president's have been trying to do this just none have been this extreme about it.
@@User122-tygood y'all already have enough diversity to look like Brazil population
@@User122-ty VAI BRASIL
@@shinji1264 we speak only about the weight in the world economy.
Brazil is big but ...
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
If you need advice, consider speaking with a financial advisor. Don't get me wrong, you can do it on your own, but financial advisors have a lot more knowledge and expertise in this area.
you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
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Thanks, i did a quick web search and i found Sharon, i hope she responds to my mail.
Nice way to cope hard, wishing about someone else's failure rather than wishing for you own success.
These guys are British not American
Tariffs are pointless unless they're targeted with a substantial industrial policy. Which is not something America has had for a long time
The point is to encourage more production within America, rather than buying from other countries
@jackhumphries1087 Yes which is why funding ALSO has to be given to new factories. You can't have one without the other
@svenrio8521 IRA lead to just that? Manufacturing is booming in US
America gained one under Biden, who largely was continuing Trump's policies
I mean that’s what Biden is doing. He restricted high tech exports to China while giving massive incentives to companies to build high tech manufacturing in the U.S. with the chips act.
A shame that the U.S. voters love vibe over their own interests
There are two main points that you're missing on why China does not want to provide stimulus to help support the economy.
1. The CCP is afraid of inflation after bringing 800 million people out of poverty. If hundreds of millions of people in the countryside suddenly don't have enough money to eat, this could be a threat to their power.
2. Corruption is still a large problem in China and if trillions of dollars worth of stimulus begins to flow, a significant amount of that money will be embezzled and laundered into western banks while certain officials disappear into western society.
Slava TSMC 🇹🇼 Heroyam MediaTek 🦾
China just announced a $1.4T stimulus to keep cities from going bancrupt. The CCP is trying to keep the property bubble from affecting other sectors of the economy.
First of all 800 million people out of poverty is propaganda published by the CCP. People are still poor in a lot of places in China and all they did was lowering the income line below what these people were already earning to make it look like like the CCP lifted people out of poverty when in fact they made poor people even poorer. There is a reason why Chinese people are trying to move to HK or if they can, they try to escape to a place where they can earn a proper living.
Second point is true and CCP as a whole is very very corrupt. Xi made himself president for life and thrown his opposition in jail or forced them to to join him.
if this is true than China would not have made stimulus in 2008. the reality is China is just waiting for the right timing, it is pointless to do stimulus when US policy is unclear, how do you know where to invest in? so obiviously they are waiting to see what the gold is. as for million not having enough food, China has more than enough food surplus for months. China produces twice as much food as India does and they have the same population. food is just a bullshit narrative created by the west that only look at import data and doesn't understand alot of that is ending up as canned export. canned food that is easy for the government to stockpile and distribute too.
joelongardner how are the americans enjoying chinese made blue crystal fent? rising inflation rate, rising fuel cost, american grocery stores have to lock up items to prevent shoplifiting and you can shoplift up to $950 without getting punished
Thank you for recommending Sarah Jennine Davis on one of your videos. I reached out to her and investing with her has been amazing.
Wow, congratulations on your impressive investment success! Your discipline and focus on delayed gratification is truly inspiring. I'm curious, what are some of the key factors that you consider when making investment decisions? Do you have any tips for those of us who are just starting to dip our toes into the world of investing? Thanks for sharing your story!
Do you mind sharing info on the adviser who
assisted you? I'm 39 now and would love to
grow my portfolio and plan my retirement
@@สมรักษ์อินทร์ตา-ม7ฑ Sarah Jennine Davis is highly recommended
You most likely should get her basic info when you search her on your browser.
@@Elijah-e6vHow do I access her ? I really need this
+156
Famously, Trump own merch (the Make America Great Again hats and the like) is made in China. Oh, the irony...
Famously, This has been proven to literally be false. and is only true to what is NOT made by Trump and the "Made in China" Maga merch is sold by third parties. shut up and get facts straight bub
They aren't. Fake ones yes but they ahve their own factory in Carson CA
@@halahmilksheikh Hey man, careful with facts here, they don't like them around these places!
@@halahmilksheikhbro the Make America Great Again was made in a Chinese factory and Trump bought th lot for $300k. People tracked it down
The USA Can't manufacture everything it imports from china, so in the end, US consumers will have to pay high prices for cheaper goods because the Federal government will pocket that tariff for itself. Tariffs make the government rich and citizens poor.
Obviously protecting Tesla with the 200% increase on electric vehicles
1) China has been diversifying its export market 2) Unless US manufacturers can innovate and push cost down, tariffs will result in inflation and limited growth 3) China set manufacturing bases in strategic countries such as in Mexico to avoid tarrifs
China is tempering that a bit. Best example is pulling back from letting their companies do big investments in EV/hybrid auto manufacturing to serve the European markets. Best reason I've heard for this is they want to keep domestic manufacturing going on this key (for them) market so as not lay off a lot of Chinese employees. Also the possibility of just doing final assembly in Euro-focused factories vs finding local parts suppliers at those new factories. Good example (although just from my personal observations) of this final assembly tactic are the television brands Hisense and TCL, their TVs I was looking at last weekend were labeled 'Made in Vietnam.'
US manufacturers have been innovating and pushing costs down. So much so we brought textiles back to the US.
Chinese export market has arguably failed in its diversification due to the low purchasing power of the countries it's trying to export to via belt and road.
Mexico is used by both America and China for manufacturing. Realistically China moving manufacturing to Mexico is a win for America.
Textile is a low complexity product while for high tech goods such as car, electronic devices, battery, solar modules US remains uncompetitive. Ofc its contributing to but not all due to cheaper labor. China is good in scaling up manufacturing technologies and ramp up productivity
@jackofnone500 That's actually my point. The product is so low in complexity that it's basically only made using women and sewing machines, and thus incredibly sensitive to labor costs which is why it's historically been made overseas until within the last year or two.
However, manufacturing in the US has advanced enough that it's made it cost competitive to return back to domestic shores.
Thus, I present it as evidence of the continued advancement of American manufacturing.
China is currently doing a lot of those middle tier goods, and it looks like the US manufacturing can now do even some of the low-end. Thus, realistically, the play for the US is to continue investment in Mexico in order to regain a "domestic" source of those technologies as they're roughly cost competitive.
As an addendum, IIRC most cars in the US are, in fact, made in the US, but under foreign companies such as Toyota.
@ and that’s exactly my point also. Its not all about cheap labour that gives China its competitive advantage. China successfully scaled up advanced manufacturing technologies that boost productivity and quality, which matter even more when it comes to higher tiered products. EV and solar module are good examples for this case
As an American my family will be tightening our purses and pocketing our wallets. Let the great collapse begin🤦🤦♂️
People gave been saying the world is going to end for ever mate, relax. Remember india can fill the gap in supplying many products and diversification will be good thing in the long run.
@@JonathanHilierChannel Lmao, India, what a dependable ally
@@124085 It's about diversification, over reliance on country is dangerous.
China will be fine, can the US economy survive though?
They wont, they outsourced a lot of industry to china, over time this creates a skill deficiency in the US and skill accumulation in China. The US is left with useless nepo babies with MBAs running things.
Check the economic data and see for yourself lol. You China bots are getting desperate these days.....
I feel like the US economy is too big to fail at this point. More than half of all trade in the world in done through USD
@@uchuynguyen4763 Which as a result of us stripping Russia of all of their USD because of their siege of Ukraine. Countries around the world are getting uncomfortable with that action and are looking for alternatives. Alternatives like just simply bartering, and using gold to make up the difference.
@@uchuynguyen4763 It's closer to 80% with USD. It's a well oiled machine. Plus when you look at innovation - for example - it is booming with AI and way ahead of anybody else.
The country is rich in talent and capital.
When you do a video on USA China relations, you might want to use a world map with the Pacific Ocean in the middle. Instead of one with Europe and Africa in the middle.
As a bonus you can actually put the arrows where the trade is done instead of the other side of the globe.
yeah that would actually be more helpful
Eurocentric channel can't help it 😂
I thought of posting that as well, but I searched if anyone had written it before
@3:50 KIA is not Chinese...
Yeah
Doesn't matter, to a racist they're all asian.
Slava TSMC 🇹🇼 Geroyam MediaTek 🦾
No but it does have a manufacturing plant in China
Yet
You also need to look.at other countries.that slap tariffs on Chijese good
Indonesia slapped a 200% tariff on chinese clothing and texiles
Even Russia is slapping tariffs as well
Yesterday, Indonesia met with the Chinese president to discuss a tariff-free agreement and increased oil production, meaning Indonesia relies more on China than China does on Indonesia.
@@stevenrafa1 If the talks are about increased oil Production, which Indonesia is a producer of, And China is an importer of, then it would mean China relies on Indonesia more, not to mention Chinese activity in Indonesian nickel mining and processing
even after that Indonesia's textile industry this year is doing pretty bad. For example one of the oldest and biggest producer just went bankrupt some weeks ago. Some asks the government to bail them out or even nationalising it
Slava TSMC 🇹🇼
@@KamBar2020Taiwan provincial flag.
I am American and I will be honest in that I did not vote for Trump, however, here is my perspective.
We Americans only make up 5% of the world population. We might have the largest economy right now and we may be a pop-culture powerhouse, but we will not be these things if we abandon our allies and cut ties with China. Our economy is built off of the world economy, and we need to get along to a certain extent to stay wealthy as a nation.
If I were a European nation right now that's about to get slapped with tariffs, I'd cut ties with America and simply start trading more with the East.
america was once an omega pop culture powerhouse, but they no longer have the same statue as they once did before as well. they are still a pop culture powerhouse, but japan, korea and even china are really slowly creeping up in terms of world pop culture power.
Europe has the same issues with the "east." They're talking about tariffs over EVs and Germany is functionally screwed because they're sales in China are tanking due to local competition and overreliance on inputs and outputs from Russia and China. Cutting ties with the US would be economic suicide. Like it or not, things are going to be fundamentally changed with Trump's presidency but the world will essentially be held hostage for four years while the US goes through Trump's presidency but the world will essentially be held hostage for four years while the US goes through whatever Trump's going to put them through. If his administration sticks with the plans and cuts a ton of gov workers, deports mass amounts of people, dissolves the department of education, and raises tariffs, essentially torpedoing the economy by taking manual workers out, taking money via gov workers salaries, raising prices and therefore inflation, and essentially putting a cap on talent by cutting education, hopefully it gets so bad, Americans learn the meaning of consequence when it comes to politics. Maybe it'll hold us over for a couple decades and helps us long term. That's the optimistic take anyway.
This is woefully inaccurate.
First off: America has VERY few ties to the world economy. It has a trade to GDP ratio of 27%. The GLOBAL average is 63%, for Europe it's somewhere closer to 80% or 90%. Iran has a ratio of 51%. Over half of American foreign trade is within NAFTA. The only country with a lower ratio is Sudan at 2%.
Secondly, for the European market, China is still a threat given that it is still a power with expansionary ambitions, is anti-democratic, and is actively oppressing its population, all values antithetical to Europe.
Thirdly, America has 5% world population but has 25% of the global economy. Still more than China, who is also actively trying to steal intellectual property in order to put you put of business and take over your market.
There's no version of this which looks good to trade with China besides short term finances. If you're into training up your competition and trying to become politically and economically dependent, that's how you do that.
@@buddermonger2000 Yes we do have a large GDP because we get along with others. Like I said, we don't want to be cocky and ruin it.
As for Europe, counties like Germany and France have already begun trading more and more with China. Don't be ignorant.
@WHR0306 Having the second lowest trade to GDP ratio in the world is not from playing nice with others, lol.
Also, yeah, I know France and Germany already trade more with China. I just think they're stupid for doing it due to the reasons outlined above. They hate Russia, and they're trading with mega Russia.
It will do some damage, but to the US.
US companies have already said they're passing the cost of tariffs to US consumers.
But trump said he would bring prices back down!
@@NilsMueller Trump said Mexico would pay for the walls. Which idiots still believe Trump?
That’s the idea!! USA needs to start living within its means
@@MrFastFarmerThe median American couldn’t even survive let alone live within their means
@ which is why very hard times are coming. You can’t live on credit and money printing forever.
When trump first added tariffs, most of my Chinese vendors told me they didn't care because America is only 10% of their business. Ultimately, stopping trade is a loss for the world. The American people can't possibly make all the goods coming from China's experienced population of 1.4 billion people. More tariffs are just an excuse for domestic manufacturers to jack up their prices and make higher profits. In the long run, it might drive more work into manufacturing, a gain for blue collar work but a loss for the most intelligent people. Perhaps, China will start taking over the most sophisicated work in the world which requires the brains that we do have, and we'll ultimately become poorer from losing that edge in the market.
81 million magas and their leader fail to understand this simple fact
China will be just fine. Tariffs affect citizens of the importing country. Its not like US can switch from Chinese manufacturers to others, because the whole world has outsourced manufacturing to China over the past 20 years
China is likely to make business difficult for US companies, through "shortages" and "delays" of critical materials
It hurts both lmao. I know you guys hate trump but be serious
Those delays will be because of Chinese goods importers not being able to afford the difference in cost, because the free market will have a 60% tax on goods imported from china.
@@sparks1792
Farmers needed billions in tax payer dollars to be bailed out because Trump's last tariff stunt. We didn't see any benefit while China just shrugged their shoulders.
In the past under Trump, they stopped taking any orders or any contacts for soya beans and figures showed over 1% of USA farmland went bust (other farmers were brought up via shell companies when it became political (esp when farmers retired and sold up due to the links to tariffs) in turn people linked to the Chinese state took over the farmland in the USA.
And you are totally correct as in raw supplies of materials like rare earth material - oh yes my USA that is a 200% price rise for you and you get in in a year or so maybe!
it might hurt the US short term but the tariffs will convince some manufacturers to build factories in america even if it hurts our finances it is better to be less reliant on a rival for basic supplies
Better question can America economy survive trump
It grew strongly last time under him
@@SelfProclaimedEmperorNo it didn't. He wasted $8 trillion and caused inflation
@@SelfProclaimedEmperor "A May 2019 analysis conducted by CNBC found Trump's tariffs are equivalent to one of the largest tax increases in the U.S. in decades. Studies have found that Trump's tariffs reduced real income in the United States, as well as adversely affecting U.S. GDP."
@@1Orderchaosyes but his tax cuts were atleast 4x higher than his t@riffs. And that real income one was an estimate. But the real results showed a $5500 increase in real household income in just 3 years which is the literally highest since 1960s.
@@lja996you do know that most of that $7.8 trillion is bipartisan c0vid spending right? Dem house literally approved it. I don’t fully support the aid spending but you’re intentionally omitting key context.
And yes in his first 3 years there was real household income growth, gdp growth near 3%, low mortgage rates, low inflation and nearly 500k manufacturing jobs added in 3 years reversing the decades of manufacturing decline and largest poverty reduction since 1960s.
He literally won because of the economic nostalgia Americans have for 2017-2019.
Why are explanations about US-China trade imbalance never talking about the US companies that enjoyed so much profit?????
considering they quote the heritage foundation as a source for this sort of show. that should give you your answer.
@@merlin5662what’s the heritage foundation? sounds like a white supremacy group 😂.
Higher return to capital than labour
@@merlin5662oh criminy, thank you for noting that.
Never Say NEVER 😎 Justin Bieber
I would not listen to the imf. If they are are ignoring their advice they can't be going that wrong.
My country listened to them
They screwed us over
That's all I needed to know 😂 China gonna be alright
"Don't listen to common sense."
@@christopherg2347"Common sense" that cripples economies
@@christopherg2347 The IMF is anything but common sense lol.
A blanket tariff wont work, but it’s interesting to watch them try. There’s a reason certain countries manufacture things. It’s cheaper and more efficient.
It frees up the importing countries to do more high tech, high value production instead.
Good luck to the consumer facing higher prices on their microwaves, shoes and practically everything because the supply chain is inevitably globalised.
Trump will be gone in 4 years, is there any guarantee these tariffs will remain in place for 5, 8, 12 years afterwards?
Business owners aren’t going to take the risk
Honestly our government has no idea how people are suffering these days. I much feel sorry for the disabled and homeless people who don't get the help they deserve, Investing in alternate income streams should be the top priority for everyone right now. especially given the global economic crisis we are currently experiencing. stocks, gold, silver, and virtual currencies are still attractive investments at the moment.
Am looking for something to venture into on a short term basis, I really need to create an alternate source of income, what do you think I should be buying?
Cryptocurrency/stock investment, but you will need a professional guide on that.
Facebook 👇
Evelyn C. Sanders
Thank you so much for sharing 🙏
There's never a winner in a trade war.
yesn't - china could be the winner. If the us industry starts collapsing many countries will have a new go to country, china. If done wrong, china might simply take your no 1 spot within the next 4 years. And never forget, trump made a casino go bankrupt - and he is now the guy making your countries financial future.
Mexico and South Asian countries: 😁
Long live China.
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I invested $2,000 and the trade in one month making close to $20,000. I wonder where she got her analysis.
Seeing my broker talked on RUclips, This was exactly how I got the recommendation about her for the past years. Hit $200k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started with $20k in July 2024
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When are we going to get a "Will China Man up and Cripple the US Economy?"
Trump will hammer tariffs and end inflation. Like saying the sky can go under the sea.
inflation will not leave but deteriorate as long as US keeps borrowings
BRICS sees this problem and starts a new currency and payment system in order to reduce to rely on USD
u borrow and create the inflation problem, u take the consequence, not by other nations
@@kenho-wr5ul2rh7m So the U.S. has inflation because they borrow... in their own currency. And BRICS will supposedly solve the inflation problem by not using U.S. currency, and instead by borrowing... in their own currency.
Yeah sorry but this is wishful thinking for people like you, that actually think BRICS means something. You can't just say "US INFLATION BECAUSE THEY BORROW FROM THEMSELVES" and then turn around and say "BRICS will have no inflation, because they will be borrowing from themselves! :)" without being laughed out of the room.
Remember all the people who whined that we can't possibly raise the minimum wage because companies would pass the costs on to consumers? Same thing.
LMAO. Tariffs will do more harm to the importing country. Economics 101.
Adam Smith wrote this already 200 years ago.
Economics 101. Autarky is better than dependency on a hostile country. (the oil industry has showed that lmao)
@@GabibboReallNo advanced economy has ever produced everything by themselves, it's simply impossible.
Unlike the CCP with its 1/2/3/x child policy and then quick reversal. The West does plan ahead. Why would we want Chinese products that are specifically designed to destroy local businesses - via free state sponsored shipping and low prison labour manufacturing costs?
The sooner Temu, Shein, etc companies are banned from Westerner markets the better.
@@GabibboReall That is impossible. No country has everything to be self sufficient. Not even America.
Yes it will. The real question is if America will survive it.
Usa is under chinese debt
American protectionism worked so well in the 1920s.
Yeah… when the global economy was less interconnected and the only way to travel between continents was by ship.
Using concepts that half worked 100+ years ago is DEFINITELY going to work now…
Do you know what happened in 1929?
So well that the US is still the dominant country of all of our lifetimes even 100 years later
@@AlexP-dz7ew You don’t understand irony do you?
@@jontalbot1 Could be wrong but I don't think they were disagreeing, seems like they were just elaborating?
Yes, roaring 20's were a thing. Then black Friday happened in 29 ended it. Boom bust is the way of the world in capitalism.
Sounds like this will delay a lot of retirements for Americans... smh
I was hoping to retire soon but I guess I will need to wait. Will definitely won't be able to retire in the usa. cost of living is too high, unless I move to sh!thole states like Alabama, Louisiana, mississippi, etc...
Wazzzup Beijing room 6:26
Who is going to build all the stuff in American factories? America already has high employment.
In non existent factories
@@OK-hl6qd Are you this dumb to believe propaganda that the U.S. doesn't have any factories? At all?
Really? You think the world's largest manufacturing country doesn't have ANY factories? Ok...
God I hope not
CIA media clowns are ignoring the boycott of Starbucks, McD, KFC world wide and US national debt despite printing, but choose to nibble others 😂😂😂
Importers will prefer to pay the tariffs rather than move the manufacturing to the US. After all it costs more to produce in the states, so what's the point of risking large amount of investments to end in the same place
the loss in profit is to high to just pay the tariffs
@azliaheaven
They'll have to raise the prices either way. As I mentioned, producing in the states costs more because of wages and regulations.
So instead of exploiting chinese workers, we can provide Americans with jobs
Manufacturers are already leaving China and have been for years. This is just another incentive to drive the last few remaining companies that believe CCP controlled China is the future out of the country.
@@azliaheaven Even then they would likely move to someplace like India, Bangladesh or Vietnam where their costs would be lower, and that's only if the expense of committing to such a move would be sufficiently less than what they would have to put up with by just eating the tariffs and raising prices.
Naive, Why American people spend money on Chinese goods? It is because American people short of money to be patriotic to buy expensive American goods. Uncle Sam raise tariff wont lead to patriotic American get more money, as a result, American people are still poor to spend on American goods.
Also more tariffs mean dollar becomes unaffordable
Countries with a services based economy will survive these tariffs better than their industrial counterparts.
That depends a lot. Most of the times the countries that better survive a trade war are those that are self-sufficient on their primary needs, both services but also food, energy and consumer goods. As a primary example of that, the main loser of a China-US trade war is Japan, since it's not self-sufficient in almost anything its economy and people need to work normally, so it's going to suffer from the price increases from both sides.
Wat - you think we'll be selling a lot of services to the people wrecking their own economy do you?
@@TurielD The services at least for the UK have a largely plastic demand that I doubt will be affected by tariffs on goods.
People probably forget China's trading surplus with US sharply increase after Trump's trade war in 2018
You the American are assuming urselves too big, US-China trade only accounts for 16% of China trading capacity, China is trading 84% of its capacity with the world other than US
In another word, u are only with 16% importance to China
And America's manufacturing capacity is failing horribly. America's tariffs only make sense when the federal government is willing to recover its manufacturing sector. So far, it's turning worse.
US manufacturing has actually been steadily increasing for the past decade. The US is currently the 2nd largest manufacturer on Earth, second only to China.
It's just that automation has replaced many of the traditional factory jobs. So while the number of workers has decreased, the manufacturing capacity has increased.
With all that being said, I still think that the Tarriffs are a terrible idea, that will just lead to more inflation. If our government wants us less dependent on other countries, there are better ways to do it.
Which building back manufacturing is one of Trump’s biggest deals
Lol manufacturing capacity is not the issue. The usa is better than china at manufacturing. No debate there. The issue is automaton
$5 or $10 T-shirts made overseas are produced for around $45 in the US. It is the same type of story for so many of those types of products.
Those jobs are NEVER coming back.
Labor costs
@@Howdy1957 Trade war has some long term and big consequence
Trade war against European car in 1960s-1970s caused the rise of Japanese car globabaly in 1970s
Job outsourcing in US started from 1980s, because of Ronald Reagan's trade war against Japanese car, and this consequence still last till these days, US still outsources jobs in 2020s
Great Depression in 1929 started because of the trade war against Europe from ~1927-1929
Why are you defending a $5 shirt?
@@Cherry-pu4mx im buying the same quality at $5 instead of $45
@@kenho-wr5ul2rh7m lol no. You are out of your mind if you think chinese crap is the same quality.
My question is whether the US economy can survive Trump. That is a better question to ask
The better question you should be asking is if the American economy can survive
Point 1:
The american economy is based on the dollar.
Point2:
The US dollar is the world reserve currency.
Point 3:
With all the leg work that's been getting done setting up other nations with the F-35 program in nations like Italy, Netherlands, Australia, Canada, Denmark, Norway, Belgium, Israel, Japan, and soon, possibly Poland with billion dollar deals for the capacity to manufacture or just buy this plane its armaments, and its capacities.
I mean, obviously yes. The sky is not falling.
@@griegomasyet
The economy can survive, although now it would be a good question whether be at the level of Brazil or Argentina
@@armandoventura9043 hopefully not. If that does happen, the inevitable financial contagion will mean most of the rest of the world will be in even worse shape.
I just watched the documentary about this last night. China is already getting around tariffs by shipping unassembled parts to Mexico and then having a company in Mexico assembly in there and stamp a new label on it.
In recent years I have bought Chinese made refrigerator, air conditioners, TV, electric shower, not to mention numerous other lower value goods. Why? Because they are cheap and amazingly, they are good! The days of Chinese goods being laughably inferior are long gone.
Bot
@@DarkArcticTV not bot he is saying true partially but not all Chinese products are long lasting and reliable like he said
@@Raiz3l123 You get what you pay for. You want awesome HQ Chinese goods you'll have to pay more-just simple common sense
@@cashflownpv umm yes bro i agree but sometimes high paying Chinese products shocks 😂😂😅👍
@@DarkArcticTVlol.... What a childish knee jerk reply to anything that goes against your own brainwashed biased views ... Still stuck at 7 year old , mentally ?
This is a marathon, way longer than 4 years.
"But if we don't use Chinese sweatshop labour, and instead use american workers paying a liveable wage, American consumers will pay more!"
Good!
I agree with you in prospect. Ironically the workers will end up seeing a slight wage bump while the managers and board members rake in all the bonuses and stock lol. In the end the American consumer is paying for the rich to get richer. Unemployment isn’t an issue anymore, the wages are. The slots are already filled, everyone is just underpaid. The wrong people will see our money because they control when and how the raises are distributed. Naturally they keep more for themselves.
sir livable wages in America is a joke lol. Trump wont raise the minimum wage thus with prices raising due to tariffs, the American worker falls behind resulting in more wage income disparity.
@@RagafragaMuffin This would only occur if inflation rises justifying to corporations a bump in wages. I mean unions can strike but considering Trump stated that companies should be allowed to fire Union workers who strike for long periods of times I doubt that any real effort would be made to raise wages for Americans.
I mean my mom has only received a 2% increase in her wages even with the 9% inflation and she makes around 30,000 per year which is way under the median income [all though my dad makes way more than her so I'm not struggling] but still, if her and my dad had divorced she'd be making under the poverty line because she works in education.
Corporations will not rise wages unless they see a reasoning to do it, and even then the reasoning will only see a 1-3% bump in wages.
@@RagafragaMuffin True. The workers' wages will increase a little. Prices will increase a lot.
The us doesn't have the infrastructure anymore to simply start making everything internally again.
Factories and that experience has been moving to China for 40 years
To move it all back is gonna take decades
One data can overturn the entire article: China's exports to developing countries have exceeded those of developed countries.
This means that the market in developed countries is no longer the most important, and it also means that developed countries’ willingness to buy is greater than China’s willingness to sell.
SO, no matter how much tariff you add, it does not affect the overall situation
This could encourage other communist or authoritarian-leaning countries, like Cambodia, Vietnam, or Laos, to boost production, potentially positioning them to become U.S. rivals again once they gain power.
Become enemies with the US while being desperate to access its consumer market? How does that work?
They are too small enough to against the U.S.
LOL
@@ChillingKong More likely they'd rather have a broken China that they can steal territory from and expand their communist or authoritarian-leaning countries...
>communist countries
>Cambodia, Vietnam, and Laos
You really have no idea what that means do you
This channel usually has good information, but you can see the biases. Unfortunately, my expert opinion, China's economy will soon take over the US economy. The tariffs will do little.
Donald Trump isn't really the brightest guy on Earth.
Is CPC! You can't even get the name right!
Probably yeah
Tarifs only work if there is a viable (domestic) alternative. Where are they going to buy iPhones, MACs, PCs, electronics from? Those are not produced outside of China in quantities / supply enough to satisfy the demand. And same is true for many other products - with some exceptions, for example simpler stuff like clothing etc.
Exports as % of GDP in China was about 20 % in 2023. And export to the USA is 17% of total export of China. So even if US totally bans all imports from China, it amounts only 4% of GDP of China at most. China will suffer, yes. But not so catastrophic to Chinese economy. 4% of GDP worths only 1 year of Chinese GDP growth. So China will overcome the economic shock from US import ban or tariff within 1-2 years.
Yes. The question is how strong the USA will suffer. GOLDMAN-Sachs calculated a decline of GDP by 8.9% if Trump realize his plan. This is a twice as bad recesin in the USA than in 2008.
According to the numbers of the Chinese government? Not too sure that’s the most reliable, after all there was somewhat, 100 million nonexistent people they counted?
To who exactly? Where else can the CCP dump their tofu dreg products where they aren't already dumping them?
Chinese people aren't buying enough Chinese products to make the country self-sufficient, so they're relying on foreign exports to prop up their economy. If even Chinese people don't want what the CCP is selling, why should anyone else?
@@ShadowPhoenixMaximus you got tofu brain
@@ShadowPhoenixMaximus Wake up from your dream and see the world, bro
Your editor made a mistake at 3:02
Dude, Cuba still alive. Question is how painful will Americans get?
They complain about grocery prices now wait until the prices if EVERYTHING just skyrocket.
@@dalekrenegade2596Dude the US is a food exporter.
@@dalekrenegade2596most essentials are made in the US. 😂😂😂 US largest food exporter, the US the largest oil and gas producer by far.
@@seanthe100
Using parts from other countries. Where do you think microchips or Trump merchandise comes from?
@@NoUsername-470
Then why billions of dollars worth tax dollars needed to bail out farmers during Trump's last tariff war?
its not ccp but cpc
Dude. OUR economy can't survive trump 😂
I am more concerned about the damage he is going to do to the American economy.
This was remarkably neutral. Well done TL;DR. It would have been very easy to veer into partisan opinions on this topic.
3:37 "Tariffs doesn't work"
Graph showing its drop😀, so which one is it?
Do... you understand how graphs work? And when U.S. presidents take office?
Trump took office in 2017, he was only elected in 2016. China's surplus was dropping during Obama-era, as evident by 2015/2016, and started rising... in Trump-era America, during 2019/2020.
So yeah, tariffs don't work, the graph clearly shows there's no correlation to U.S. tariffs on China with their surplus. Pay attention is school next time.
China tariffs kind of make some sense. Starting a trade war with the rest of the world...
Less logical.
Expect inflation and less choice of products.
Also expect American business that import raw materials to suffer.
American businesses that depend on exporting are also likely to face tarrifs coming back their way.
Which is like ramping up taxes on your own businesses but not getting any money for it
I’m shocked how many people don’t understand the strategy. It’s not about trade wars, it about withdrawing from globalisation
@MrFastFarmer
There is no strategy, just an idiot going off vibes.
Nothing like economic advise from... the UK :/ lol
China's advantage is they have a long term strategy spanning decades, whereas western countries have very short term strategies. China is still the Top Trading Partner to more than 120 countries.
That's such a dumb myth. If the Chinese really plan while thinking far into the future they would have never had that catastrophic one China policy
It's dumb to assume they have decades long plot. They're human not some alien but also that doesn't mean they don't have some kind of plot going
Yea 3 year lockdown was an excellent long term strategy.
CCP ruined any long term potential of China with their one child policy.
Their demographics are in the gutter. Turns out Chinese also plan short term.
@@dean_l33You don’t need to be alien to have plans for decades. The communists can plan like that because they have authoritarian rule. But the downside is that they’re slow to respond to change, and these systems fail eventually.
Tariffs will destroy the American economy
Wrong question. The correct question is: "Can USA's Economy Survive Trump 2.0?"
I want to check out brilliant, but I'm poor af, I'll sign for it if it helps TLDR in the future. Thanks! ❤❤❤
TLDR will be fine.
It is the number of subscribers/patreons, the likes, the actual watch time and such + the company advertising that pays his bills.
Keep your money. Spent it for a better life for yourself if "poor af" as you said it yourself.
Be best.
@oneshothunter9877 I was interested in the courses though, I live in a slum in Brazil and I want to work home office to a firm overseas, but I have no academic or courses left. I guess I'll look further into my own education...
Thanks
@@ethandouro4334 Maybe look into getting a google or coursera certificate if you want something that can prove to companies that you do have certain tangible skills.
CHINA exports to USA makes up only 2.4% of their GDP. So Im pretty sure they will be fine.
Not fine😢no job no income no dignity here
It depends on if you believe their GDP figures, which I do not. But the truth is that you’re right it won’t substantially harm China until we get other countries to stop trading with them too.
I agree with that, but honestly there is no way in hell trump would be ever able "convince" enough of the global economy to stop trading with China.
@@thedevguy4272 omg... stop all these "i dont believe their GDP figures" ignorance already🙄.
@@thedevguy4272 now why would other countries do that? China is the number 1 trading partner for most countries in the world.
the title should be " Can America really dare to take on China "
“Why else would you watch a 10min video on trump’s position on china” because I’m eating bro
But can America's economy survive Trump 2.0
Bro the whole point of the tariffs are trumps attempt to bring manufacturing back to America (aka create more job's and make the US more self reliant) and cut income taxes that's really not a bad idea and many president's have been trying to do this for year's,
just none have been this extreme about it.
Not to mention trump also wants tap into our own oil supply so we don't have to buy it from others and rely on imports (and he also even wants to export some of our own oil to an extent)
Trumps also talked multiple times about investing into renewable nuclear energy systems (this will reduce the price of electricity btw.)
And trump also wants to deport illegal immigrants who steal jobs and leach off of welfare/taxpayer dollars.
And he wants to cut military funding to Ukraine (which we've given hundreds of billions of dollars under the biden Harris administration btw.)
Among a few other thing's.
Even if he doesn't have the greatest economic plan it's 10× better than Kamala Harris's economic plan LMAO.
We already did once for 4 years and things went fine. People are being over dramatic about Trump.
@@ThwipThwipBoom His policies weren't half as extreme as back in 2016
@@louisjefferies2733 Bro the whole point of the tariffs are trumps attempt to bring manufacturing back to America (aka create more job's and make the US more self reliant) and cut income taxes that's really not a bad idea and many president's have been trying to do this for year's,
just none have been this extreme about it.
Not to mention trump also wants tap into our own oil supply so we don't have to buy it from others and rely on imports (and he also even wants to export some of our own oil to an extent)
Trumps also talked multiple times about investing into renewable nuclear energy systems (this will reduce the price of electricity btw.)
And trump also wants to deport illegal immigrants who steal jobs and leach off of welfare/taxpayer dollars.
And he wants to cut military funding to Ukraine (which we've given hundreds of billions of dollars under the biden Harris administration btw.)
Among a few other thing's.
Even if he doesn't have the greatest economic plan it's 10× better than Kamala Harris's economic plan LMAO.
@@krashme997 That's a straight lie. You liberals lost the election because you can't stop lying.
I think the White House should publish a list online on of what the top imports are in different industries to encourage Americans to not buy from these brands. It probably won't do much but it'll have a some impact on the deficit
If I was an english teacher I’d give you an F at this point for how often you overuse the word “crisis.”
The question is can the US dollar survive without the global trade?
Perhaps China becomes a bit more isolated, but since they make everything except chips and have local companies, they may be able to survive in the future.
Isolated 😂
They don’t have a consumer economy and all attempts to make one have failed. They need American consumers to keep their economy afloat.
@@shafsteryellow what happens when someone gets isolated in western propaganda bubble
@@jeremybiggs8413 they have their own citizens lmao. They would do as well without usa
The reason they're trying to export is to soften the recession they're going through
Ah yes, instead of American companies being competitive let’s tariff the competition and force people to buy the more expensive American products
Which will likely remain less competitive as imports of raw materials become more expensive
American companies will be more competitive as he relaxes regulations, reduces corporate tax, and the U.S. produces more energy.
@@CountArtha small hole in your theory with all the certain retaliatory tariffs certain to be placed on the US we won’t be producing anywhere near the amount of energy we are now since who would buy it? And corporate taxes are already next to nothing and what further regulations? At this point rivers may start catching fire again
@CountArtha
Problem is that large American companies are inherently never competitive and do not try to be. Rather they are primarily oriented around profit maximization far above any reasonable amount
e.g. insulin, recent American cars, etc.
This prevents innovation as it does not create an inherent necessity.
@ yeah I just watched a mini doc last night about how American cars are so unaffordable because they shifted their priority to profit and higher margins over higher volume
Donald duck in just trying to save sinking west and fail miserably
Awww look...someone is jealous.
For all the complaints about Trump his China tariffs and general unease about the trade imbalance was one big bright spot.
The tariffs are not there to stop consumers buying chinese products, they are their to force companies to move manufacturing operations out of China.
He tried that in the first term. That didn't work because the supply chain is still heavily depended on China. I doubt it will work this time around either.
China is more focused on expanding its market to a broader range of countries. There are 8 billion people worldwide, a market far larger than the US. The US market represents only a very small portion of its global trade.
@@cool_things_collection Yet the U.S. market (besides the E.U. market) is the biggest, high-income, developed consumer market there is.
You can say that it "represents only a very small portion of global trade" all you want, the truth is that Americans are still the largest market, because they can actually afford everything the Chinese/any other country is offering them. Every other country is either not as big as the U.S., or too underdeveloped to afford anything China would try selling. There isn't "much" to expand to for China. Expanding into rural Ethiopia where people can barely afford electricity isn't a replacement for American consumers lol.
So yeah you're incorrect, basically.
When everyone is part of BRICS, what do USA's tariffs mather?
Nobody wants to partner with Russia and India is disputing their border with China. Brics won't happen.
Their chinas biggest trading partner.
I do t think you understand what tariffs means. Also the biggest economies in the world are already in the G7 and the G20 which btw includes China as well…
The brics is not a real alliance lol😂! There are more conflicts than trade agreements inside! Just few examples: 1. egypt vs ethiopia. 2.saudi arabia and uae vs iran 3. India vs china. India and brazil even rejected belt and road initiative! What a bunch of looosers😂😂😂!!
@@jaegar2004but they're sovereign unlike US vassals
Surely india and China has tension
But that doesn't prevent them from brics summit and border disengagement
No but he will cripple our economy
Just a small nitpick; 2:23 the currency symbol should really be a $..
The deficit is visualised accurately, it is the difference between exports and imports and this was visualised by adding the deficit amount onto the export amount to show it amounting to the value of imports. This is why the yellow bar reaches the 500 line but that is only because it is stacked on the imports.
2:49 it hit 500 because they were talking about deficit , it started from the 100 something mark . So blue bar+ the yellow bar = the red bar . I.e export+ deficit= import .
Just a small nitpick; you misread the graph at 2:49
In reality, even you put 200% tariff on Chinese goods, the 1st thing you need to make sure is US can replace that goods with something cheaper than 200% tariffs Chinese one, the problem with US right now is they can't make something cheap enough for the American people.
The Chinese market is the only one that is really growing, I think China will be happy having its domestic market for itself.
It's had its own isolated market since covid and it hasn't been doing well (like the rest of the world). The undervalued currency makes their goods cheap for other countries, but not for the salaries of their own workers to afford the very things they're making. Also it's not true that it's the only market that's growing, just Google "countries with gdp growth 2024"
If you believe the data the CCP publishes. Look at foreign analyst's outlooks on China for the last few years and they are either flat or negative on Chinese markets. Most I see rate China as too risky for investment right now.
Decouple. Different ideology camps can only decouple. Like the cold war.
One side of the discussion I rarely seen people talk about: Given tge current condition, would the world economy grow without Chinese or semi Chinese goods? The manufacturing of consumer goods or any mass production goods are optimal. We haven't seen Apple moving any iphone production line to the US for quite a long time since the iphone inception!
it would staganate since it will require moving manufacturing to other places
It grew before China was a major exporter. Maybe you don't remember but most products used to say Made In Japan 30 years ago.
@ Yes, before China it was Japan. But the era of Japan manufacturing was before the globalization and the Japan only produced maybe 1/10 at max of consumers goods we used today. Made in Japan products back then only served industrialized countries. China now manufacturing for the world. Chinese domestic market is so huge 1.4 billion people, so the production cost is really optimized to the point of unproductive if manufacturing elsewhere for most of the things. You can say textiles made in Cambodia or Bangladesh, but the clothes and the sewing machines are coming from China!
As with BRICS, China will also isolate America in trade, Trump asked for it with his America First plan.
But at least Trump promised America cheap eggs.
Interesting thumbnail. Pretty sure the Chinese don't use Yen.
Both the JP Yen and CN Yuan uses the same symbols...
thats the yuan
they use the same Y sign
Interesting comment. It shows your ignorance.
@@ru2225 Actually, it should be 元, but yes, I'm ignorant.
Why do I feel that it's going shift the tax basis from the rich to the middle class.
And that's on top of Republicans' planned "simplification" of the tax code that will more directly make the rich pay less and everyone else pay more.