During the last Trump admin the US tried renegotiated the WTO Treaty that declares China a developing nation and this Treaty grants them Free Shipping into much of the world and soon after the pandemic started and I am not sure if anything has changed.
Agree 👍. Just forget about that country. Nomatter which party incharge that will never give up doing the trade war to China. They don't care about their people will suffering has to pay high prise to buy items 🙄.
What a stupid all the world economy ministers in the world. How can a country become a wealth country if USD is manipulated? 65 years the world is under capitalism era but what has happened is all natural resources are gone but the majority of the world population is poor. Why? Because everything is calculated using USD. The question is how about if the USD, the dividing number, is being manipulated? For example, 1 USD = 85 rupee.
Let say 85 million Rupee / 85 Rupee = USD 1 million. Now the dividing number is manipulated into 1 USD = 85,000 rupee. Thus 85 million/85,000 rupee = USD 1,000. How about that dividing number is manipulated again becomes 1 USD = 85 trillion? 85 million/85 trillion = USD 0.000001 The question is how can you get the similar income of USD 1million from USD 0.000001 if the dividing number has been manipulated from 85 into 85 trillion? How hard do you have to work if the dividing number is being manipulated from 85 rupee into 85 trillion? How many assets do you have to give up if the dividing number has been manipulated from 85 to 85 trillion? So, no matter how hard you work, if the system is a corrupt system, you will get nothing. Is this system fair?
@@ftu2021 100%, they market tariffs as patriotic. But they won't buy domestic products if they can buy cheaper elsewhere. So it's only patriotic when the government punishes them for buying foreign goods lol. Intellectual rot.
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
A collapse has began!!! Rich people know this.... they are hedging... through hedge funds. It costs them about 6% a year to do this. Those that aren't rich are not hedge and are at great risk in the bubble of all bubbles with the debt at all time highs. The increasing prices have impacted my plan to retire at 62, The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
@@wmwoods-l4f I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $110k in value stocks and digital assets, Up to 300k so far and pretty sure I'm ready for whatever comes.
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And it is? Reality is what you believe there is nothing else after that because you don't believe that there is? In every day saying it's tunnel vision?
Dumb dumb DJTRUMP have to open factory on USA GROUNDS FIRST. all he did was buy Quality & Quantity FIRST, , before threatening China, India. DJTRUMP BIG MOUTH, NO BRAINS😂😂😂😂😂
When it comes to Sinophobes, I remember this phrase: "It is difficult to win an argument with an intelligent person, but it is impossible to win one with an idiot."
Assuming all manufacturing came back to the U.S. due to tariffs to equalize pricing. That means US made products will be so expensive that it has no market anywhere else outside the states. US is 4% of the world’s population.
Correct, let's take for example the "North American" auto industry. Strictly geared to domestic consumption like the giant expensive pick up trucks that no one else wants, or can afford. Nothing is coming back, it's over.
I recalled that interview with Cook where he had stated, in an analogy, " in China, they can fill a stadium of required talents while, in the US, they would have difficulties filling a room."
1.4 billion people, should tell us all we need to know, its all down to the numbers in the end, but people like to hang on to the idea that we are more intelligent than everyone else, when in reality all sociaties have intelligent people its how that sociaty operates determines how well the country is managed, Corporate societies place individualism as its main priority, which works for the few, but as we see in china 40% of people have been lifted out of poverty, because they utilise all the talents socity has to offer.
@timothychung4811 There're many smart kids in the USA to fill those skill labor jobs. We need to privatize schooling in America. Public schools are disasters for kids who are willing to learn, with gangs and racial discrimination.
Additionally, China is home to 80-90% of the world's rare earth metals production. Rare earth metals are used in batteries, magnets, LEDs, screens, hard disks, solar panels, wind turbines, smart phones, etc. Therefore, it's impossible to decouple with China's economy.
Yup, I agree and I ain’t into left vs right politics. When manufacturing was happening in the past in the 1950s in the United States, American made goods “MADE IN USA” are using materials, minerals imported from China and other countries to assemble, make, build USA MADE GOODS and the funny thing about this whole situation is that right leaning Trump fans don’t their own research on their own without being biased with one sided news outlets or Truth social.
i disagree, rare earth is all over and the usa has the best rare earths. the issue is that environmentalists do not have the will to harvest them. the real advantage china has is the hundreds of thousands of machinists in the labor pool. This is not an advantage that the usa labor pool can overcome this generation of workers.
@@ginxxxxx I disagree, people need to extract and process rare earths so that they can use these rare materials for industrial purposes. America just don't have the technology to process rare earths.
@@hkfoo3333 - All America are doing is turning themselves into a non-essential trade destination and thus ensuring the rise of an industrialized Africa
This is the problem. The wealthy with tons of help from Republicans have kept wages artifically low in the U.S. for the majority of the workforce. Rising less than the true rate of inflation ever since "Trickle Down" and Reaganomics. The American people are very slow for the most part and have not noticed. They have not noticed, because all the American goods have been replaced with cheap crap from abroad, mostly China. If that manufacturing actually came back to the U.S., prices on everything would jump 30-40%. The people would realize that their wages needed to go up 30-40%. That is why there will be next to nothing that comes back to America in manufacturing. China has a trillion dollar trade surplus, they make things, we don't, we can't. The greed of our wealthy is what put us in this position, they wanted the higher profit margins manufacturing abroad would give them.
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During COVID, people screamed to 'de-risk and de-couple' from China. I screamed to agree. Then I asked, where can I replace all of household items by North American made? It was dead silence. I see lots of Mercedes, BMW, Porches, Lexus, Audi vehicles in Costco and Walmart parking lots. Hmmm, it looks like Big Talk. At the end of the day, none of us want to pay 6 times more on the same quality TV manufactured in North America than the one made in China. Suddenly, all the big talkers don't give a hood to their blue worker countrymen anymore when it comes to dollars and cents. How sad!
Everyone forgets that it was the shortage of "50 cent" semiconductors that crippled US industry during the crisis, and that THOSE orders were cancelled by the US companies, causing the Chinese companies to slow production of the devices. .
Trump's tariff idea is all about transferring wealth from common people to the wealthiest in the US. He will cut the income tax for the riches and corporate tax. The revenue has to be generated somewhere. Tariff is a form of a general tax. No matter what income level you are in, you pay the same amount of tax for the goods and services. It's perfect way of transferring wealth to the richest.
No thats what the covid bailouts did. This is an asset bubble being popped finally after so long. Wages in the US matched productivity until we allowed corporations to let overseas slavers to compete with americans, and benefitted from the lack of freedom and expectations of poor 3rd world people. Its sickening. NB employment rate for men is sitting at 65%. How you aristocrats planned on surviving this continuing is a mystery to me.
There is no world in which the commoners will get ahead in the USA. Tariffs will bleed the commoners. So will the income tax. Remember: the Federal income tax in the USA is over 20% for people making more than $47,000 per year. That means the average American is paying 20% or more in Fed taxes. Many US States have income taxes over 5% on top of that, with SS and medicare taxes on top of that. When you add up all the taxes in the USA you will find the Chinese have a lower tax burden in general. I think China does taxes a lot better since their taxation is focused on consumption not income.
@@gezenews It is really odd to think other countries are lack of freedom. You really need to travel to Asia to understand that the freedom is not just a declaration. Freedom is ability to do things. If you are out of job and don't have wealthy inheritance, you don't have much freedom. If you go to China, you will find they have more freedom to do what they want because their incomes afford the majority of people to do things.
American dream will continue to be “a dream” while other countries woke up long ago and deliver efficiency. The US Administrations instead of making for the population affordable life by partnering with other countries, they want to fight at the cost of the consumers who are already suffering from huge inflation, high taxation, high interest rate, crimes, homelessness, poor education, poor medical. What is the point of calling USA a rich country if the people don’t benefit from its richness. The way forward is to partner in a win win collaboration with China, Mexico, Canada, Europe, Russia and deliver better life for Americans. This is not requesting a miracle.
Just add up all the wars US has lost in this decade and it's a shame we cannot use that money for things like pension, healthcare, infrastructure, universities tuition, technology advancements, and so on and so on. Better yet, we don't even have national debts.
But right-wing politicians like Trump want an uneven playing field for the rich like themselves! It’s what makes them richer than everybody else because when they make the rich richer at the expense of everybody else they get massive kickbacks in the form of bribes that also make them rich as well! That’s why in the US the only people that are getting richer every year are the billionaires, multi-millionaires, and the politicians! Nowadays even the so-called “Democrats” in the US government are actually right-wingers! They might be less fascist and less extreme than the Republicans but they are still right-wingers! The entire US government has moved so far right to the right that today’s Democrats are more conservative in nature than the Republicans from the 1950’s to 1970’s!
As a Chinese, I strongly recommend that the Chinese government impose an export tax on U.S. exports. China still exports so many goods to the U.S. due to tariffs of more than 30% imposed by the U.S. government
CYRUS MY BROTHER WE IN HAVE BOTH BEEN TO CHINA. I AM EXHAUSTED WITH TRYING TO EDUCATE AMERICANS ABOUT CHINA. I DO NO CARE ANY MORE. WE AMERICANS CAN NOT LET GO OF THIS IDEA THAT WE ARE NUMBER 1 IN EVERYTHING FOR EVER.
It’s the medias fault. Those of us who have time to pay attention know, but if you just watch the news they’re not talking about this. It’s not the American people’s fault, it’s the elite and those controlling our media.
@@cottagegymfun originally it was thought that the USA opened trade with China to cooperate, but obviously they had other motives. They were hoping to topple China with capitalism the way the USSR fell. Instead China adapted with a hybrid system and outperformed the USA.
I imagine she was talking about it being impossible for the *US* to decouple. CHINA can. It would be "inconvenient" BUT they have the market in the global MAJORITY (AKA "South")
In the mid-2000's, neither China nor the United States had any high-speed passenger railways. In 2024, China currently has more than enough high-speed passenger railways to circle the earth, and is building more railway lines every year. If you have not visited China in the past five years, you should go to see their amazing country. It is not the Communist China of the pre-1980's. Conversly, the United States still has ZERO high-speed passenger railways! However, to our discredit, the United States CONgress WASTED MORE THAN $2.26TRILLION ON THE INVASION AND SUBSEQUENT 20-YEAR OCCUPATION OF AFGHANISTAN! How'd that workout for We The People?! While the United States CONgress is meddling in Taiwan and the South China Sea, trying to intimidate China; China is investing in Africa, Asia and Latin America. In fact,nChina just opened a custom build "mega seaport" at Chancay Port just 40 miles north of Lima, Peru to facilitate multilateral trade between China and Latin American countries. It will reduce transpacific shipping times by almost half!!! The United States is sanctioning Cuba, Nicaragua, Venezuela and anyone else they dislike. The truly sad part is; just when there is an opportunity for America to lead; they elected "DON THE CON" that promised MAGA, but delivered MAGAOTS!!!
Uh... You seem to be IGORNING the fact that the United States has enjoyed a thing called CAR OWNERSHIP since Henry Ford rolled out the Model T. High speed rail does not make economic sense. Look up some history before popping off your mouth.
Mr Andrew just visit china once please and there are no druggist homeless people there though , would have a nice Subway ride then your nyc 😉@@Andrew-nh5zg
Welcome to the genius of democracy! The best system that money can buy, where billionaires soon realized why vote for others, they might as well be P0TUS and run the world!!
High speed rail primarily competes with short hop air travel. With effective high speed rail on the east coast, you would eliminate most of the DC-NYC-Boston air travel. I live outside DC and work half time in Ct. I always take the train - even Amtrak is better than the alternatives.
The corporate media focuses on labor costs because corporations want to cut worker wages. They don't talk about infrastructure and education because that goes against their low-taxes, small-government agenda. They don't talk about upgrading their factories because that cuts into the short-term profits for their shareholders.
@@laowantongchau No contract manufacturer is in US. They moved to Mexico. There is osme protype building shops. They are VERY expensive tho. We used them because they are local and convenient
Being the hegemon of the world for decades the US cannot accept the Idea of being surpassed by any other country. Neither does it want to be too dependent on any other country. This reflects the nature of a country proud of its achievements in trade , technological innovations and other prowess which are undeniable. To maintain such position in this world requires among others , good and efficient governance , the pursuance of good policies and a smart and hard working population. Otherwise other forces will rush in and compete for the top position. Nothing is static in this world . If you do not progress and keep pace with competing forces you will fall behind .This is competition and there nothing evil in it. The big question is whether you can accept it.
Americans also need to accept the truth that a great deal of their innovation actually came from foreign individuals or countries. Werner Von Braun and his ilk, brought military superiority for instance. Russia brought engines to the space program. The list is long and we also shouldn’t deny that the U.S. became a prosperous nation for the populace, from stealing resources from other countries, which continues to this day.
Most American businessmen are anticipating higher tarriffs on Chinese products into the US market & or more sanctions when President Trump comes in by 20th Jan 2025. They are now scrambling to build up at least 1 year stockpile of all kinds of products that can only be produced competitively in China, and also strengthening supply chains via other countries to evade those sanctions on China, and to avoid crippling supply disruptions to their businesses.
I have been watching TEMU build local warehouses here….literally 90% of everything comes from local warehouses now, and arrives within days. Also, people need to do the math. Right now we can buy TEMU products, most of them anyway, 50-100% cheaper than from an American company. Even with a 25% tariff, TEMU products will still be cheaper. Orange box is good at the art of grift.
@siewkonsum7291 Too little, too late. Have you considered that rather than "Get involved", China may simply turn to fair and reasonable, mutually beneficial trade with a new market *Which they have established* ? Wait for "The Global South" (more properly named "The Global MAJORITY") to begin saying "No, thank you" to the US, preferring to deal with each other. The structure is there. The Route is being established. WHY is USA currently interested in Iran?.... It's not Israel, it's China > Afghanistan (New Zero Tariff deal in place) > IRAN > Saudi Arabia > RED SEA > AFRICA.... etc. Look at the map and the number of countries involved, or WISHING they were. . As I said... "No Thank you"... AKA "free Trade"
i worked in the far east for 12 years and your summary is so true. when working in China the talk is all growth, investment, growth investment,,, whilst the US and EU are all about cuts, cuts ,cuts. in short compared to China the Western world feels backward. The vast manufacturing capacity, infrastructure, tech investment, volume of educated people and factory workers just cannot be beaten.
Last week in China, Apple CEO Tim Cook stated his high regard for Apple's Chinese partners, as Apple "could not do what it does without them." Apple has some 200 major suppliers, with more than 80 percent producing products in China, according to information at Apple's booth at the Supply chain expo. During the visit, Cook met China's Minister of Industry and Information Technology Jin Zhuanglong, and told him that Apple would "continue to grow its investments in China and help the high-quality development of the supply chain," according to a statement by the ministry.(MIIT)
Point of note. I'm typing on my laptop. (Made in China) The Laptop is connected to wifi supplied by the Hotspot on my (new) Chinese brand smartphone (which replaced my old Chinese brand smartphone... which replaced a Previous Chinese brand smartphone) These 3 phones cost (combined) less than 70% of the cash price of iPhone 16 pro.... They are all Good phones, still functional, just out of "Security support".
The United States politicians should look back at why manufacturing was relocated to China for the past 4 decades in the first place. The main underlying factor was cost of production. The US manufacturing could not compete with China on cost of production. Four decades have past, is there any change to cost of production? The answer is no, in fact the cost of production in the US is still much higher than in China, even the same cost has somehow risen in China. The US Government imposes high import tariffs on Chinese goods in the hope that the US manufacturing can resurrect. But when the cost in US is still not competitive with China's, and with China's advancements in manufacturing technology in leaps and bounds, there is no way manufacturing will go back to the US.
We were warned by Ross Perot, Ron Paul and others about the great Sucking Sound of factories and jobs being exported to Mexico and China but few listened. Look at all the videos of dead and dying cities and factories.
Cost of production? No it was simple corporate greed combined with politicians false promises to the people that they could get cheap imports with zero consequence. You cannot blame the peasants for not understanding economics but of course they would end up losing their jobs and their wealth by letting the corporations send all the manufacturing overseas! The US government also made very foolish moves with regulations, especially environmental regulations. Unions drove up labor costs dramatically too of course but honestly it was environmental regulations that really killed American industry.
What happened was US companies (ans the government) saw an opportunity to EXPLOIT China as they did (Or TRIED to do) with Japan. They weren't smart enough to realise that JAPAN started the decline of US industry, CHINA simply followed the same Game Plan but were FAR more effective at doing so. . What went wrong? The Money the US MADE went "Somewhere".... But NOT into building and rebuilding infrastructure and services as it did in China.
And the USA is going to deport their cheap labour as well, so even if they build the factories it will be costlier to run them. They say love is blind, but the same goes for hatred. Bigotry comes at a price.
@@kerrybutler6404 More housing may come available but it won’t be cheaper. Who’s going to drop the price of anything? There is definitely a pred@tor VS pr3y mentality in the good ol’ USA!
The US has a habit of blaming other countries for their problems. I remember getting an engineering tech job (back in the late 1970s) with a company in Alabama that was buying a product line from our factory in Michigan that was closing (the structure of the facility was being condemned). At a dinner, somehow, I got tabled with the president of the Alabama company. At that time Japan and South Korea were turning into manufacturing power-houses. During dinner, the subject of Japan and South Korea came up. Being a product testing technician, I was tasked with testing all sorts of components and at the time a growing number of them, the engineers were providing, were from East Asia (*mostly for cost reduction). The President started droning on that he did not feel Asia was any kind of real threat and they merely "copy cat" goods and they were not innovative. In the US we were calling it "reverse-engineering but I digress. At the dinner, I piped in and said "I don't know, I've seen some pretty good stuff from Japan coming through the Lab. I got chastised by the company president during dinner and in a nutshell got told I had no idea what I was talking about. The warning signs have been with us for decades. No one cared as long as they made money. Don't blame East Asia for beating us at our own game. American pride and corporate greed got us here. By the way, The Chinese came to the plant in Michigan before it closed. Surprisingly, they did not want to even buy any of our manufacturing equipment. Most of out metal stamping equipment was WWII era. One metal "press machine " was first used to make parts for the Ford Model T.
A side note or in other words ! Every household income is different.. therefore we appreciate having products from all over the world with different price points !! Not everyone can afford one product from within its own country. Trade is good for all ! You want a good job and living ? Well you need to sell that product otherwise there goes your job
America wants to bake cake but isn't willing to invest money into the kitchen. They need major infrastructure investment (such as rail) if they want a realistic chance of rebirthing US manufacturing.
And no one with a modicum of sanity is going to invest in a collapsing economy. Foreign investors, those investors that thru buying our bonds, whom have kept the U.S. afloat since the 2008 crash…aren’t going to invest, knowing their assets could be seized. U.S. investors, I can’t see that happening either, even Buffet and Dimon are dumping stock. Most Americans can’t do the math so they go on believing the lies.
I hope US can cooperate with China in the near future so that everybody will benefit from this kind of collaboration. I just dont know why American view China as a huge threat? But anyway our Chinese peoples philosophy is quite clear and simple, that means if you wanna cooperation we do it ,if you wanna fight let's go for it. that's all.
Stop your loser mentality, the yanks are no longer as important as what you think. They have lost the competition and is now behaving like a rabid dog gone berserk. All their zero sum games n scorch earth policies to contain China's progress will not only fail but backfire.
If the US got into a war of production with China like WWII, it would not go well for the US. The US could outproduce the world in WWII. China can outproduce the world today.
this is why Education is very important, do not think education as a cost but think of it as an investment for your future, there is a famous Quote by Nelson Mandela "Education is the most powerful weapon which you can use to change the world", just look at China in just one or two generation cycle they have change from a Poor country into now the most Developed country not just in economy but also in technology too, and it all start with Education
People had to pay more for stuff every single year their whole lives. Especially over the last 53 years. And how many to you think can explain why? And the problem isn’t tariff's.
It’s because the costs are through the roof. Here in Oakland about 12 years ago they built a spur light-rail to go from the nearest BART station to the Oakland Airport about 3 miles away. It works okay but costed half a billion dollars. California wants to build a HSR from SF to LA, but after spending 100 billion they’ve only got about 1/4 of the line working in the Central Valley where few people live. Compare that to Shanghai in 2008 where they added 10 new subway lines in preparation for the upcoming World Expo.
During the last Trump admin the US tried renegotiated the WTO Treaty that declares China a developing nation and this Treaty grants them Free Shipping into much of the world and soon after the pandemic started and I am not sure if anything has changed.
Cyrus you are a breath of fresh air in an atmosphere of toxic biased fake journalism, we love your work and appreciate it. Long Live China and peace loving people all around the world. Let’s move this world towards peace, opportunity and prosperity for all.
From what I have observed, the weakness of developed countries is that many of their citizens no longer want to work in factories and in China this symptom is also starting to appear.
Why would they? McDonald's pays more for flipping burgers. And very little skill required. Even in education, law and business graduates get paid more than engineers. And it's easier to study these fields.. no math. We teach kids block coding instead of typing syntax. We have a cultural anti-science / anti-knowledge problem.
Yes, in China young people would prefer delivering goods to working in a factory, coz it pays better and means more freedom. I hope the CEOs will devote more profit to employee salary.
@@CyrusJanssen You should really do a video on the current state of the U.S. infrastructure. The poor, crumbling and lack of infrastructure in the U.S., Cost U.S. companies and manufacturing Trillions of Dollars annually. Everything from Roads, Bridges, Ports, Waterways, Energy etc... It's basically being held together by duct tape at this point. The U.S. can't compete with China because it no longer has the basic fundamental infrastructure left to do so. There's an entire area of the U.S. referred to as the Rusted Belt! I don't understand why people still don't get it 🤔
Not sure why Cyrus brings it back to cost and price and the end. Tim Cook has it right: the skill level of the workers is "very deep" and the quantity of skill in a given location is greater than in the US. Forcing manufacturers to relocate in the US isn't helping: TSMC, a Taiwanese company, has had a rough time ramping up chip manufacturing in Arizona. They just can't find enough people with the skill level they need, so they've been forced to bring workers over from Taiwan. If we can't compete with the Taiwanese, how on Earth are we going to compete with the Chinese?
Tariffs, sanctions, and bullying around other countries will not help. We need peace, not nonsense and stupid talk with the rest of the world. Humanity above anything, we have to act as civilized creatures not as wild reptiles. Already enough of wars and fictional enemies. There are no enemies.
China is the most honest and friendly country in the world, they are very friendly to their neighbors. Imagine a world where china rules instead of the US. What paradise awaits us.
You're so corrected on your analysis. I also like to bring out one more important factors. Our aging population as baby boomers retiring at a astronomical rates. With fixed income in the horizon, it just doesn't make sense to pay more for products.
But since you understand how it’s gong to crash over the years I'm sure you don’t worry about it personally. Because the few people I’ve found that understand these economic problems don’t.
@@Bill-g7din the end, people have to depend on themselves, their family and their community…not on the government. So even though it sounds like your remark was a criticism….I would remind you that you should never depend on a government in a Capitalist country to have your best interest at heart. Capitalism exists to create wealth for the rich on the backs of the workers. Corporations exist to create wealth for shareholders. So anyone with a bit of wisdom and sanity living in a Capitalist country knows that safety, even a small bit of safety, only comes from taking care of ourselves and not depending on the government or employers. Should it be different? Of course….buts it’s the only recourse left to us.
@@Elementaldomain Well disagree with your interpretation of capitalism. And you didn’t come to that conclusion because you spent hours standing it you’re just repeating someone else's opinion that was also wrong. All we've had over the past few decades is the ghost of capitalism, just like all we’ve had left since 1971 is the ghost of money. The stuff you call money isn’t money it's fiat currency the opposite of money. But that being side I agree 100% with the beginning of your comment. My list if God, Family and helping people in the Community. If everyone did that the government could be much smaller and go back to the job they were first designed for instead f the failing monstrosity it has become. But Trump, Musk and Ramaswamy are on the right track that should have been done decades ago.
@ Dear One….I am 80 years old….😂. I come from an era where we actually read and research situations and concepts. I come from an era when graduating with a degree meant you actually learned something. I don’t “repeat” anyone else’s mantras. Why people in the West just love to make assumptions about someone they do not know always remains a mystery to me. You could have simply said you didn’t agree….that is what adults do. But we did agree on one thing. Conversations should not turn into arguments where someone in some way, insults another person’s intelligence or there is an egotistical need to prove the other person wrong.
Cyrus, being involved with education in my earlier career, I have been following the STEM Olympiads, the Inter-Varsity Computer competition and PISA, there is no doubt that China is the leading force in STEM education; I am indeed surprised that the leadership of US and general West simply refused to deal with this scenario, which has already been seen over 2 decades ago. In such scenario, it is ready naïve to believe that the Chinese is unable to compete in to-day's developments of technology. Remember after WW2, it was assumed that India with her English medium advantage would have provide all scientific advancements henceforth. In the 60s and 70s, it was assumed that India could have had rail-linked the whole Asia landmass, ( just refer to the reports by ADB and UNESCAP then) , her supposedly strength was based on the thought that since she had inherited a working railway system from her British colonial master, she should be able to take the advantage of destructed Japan and China then. What happened? It certainly takes all more then words like just the command of English.
China has huge savings rate, cheap energy from Russia, Middle East, Central Asia etc. China is going to lead in more innovations and has huge market to make it scale and feasible. US can only print more dollars and become a debt junkie.
And just not too long ago, China was told by the "experts" in the West that without the western style of Democrazy, freedom.... China would not be able to innovate😄
To be fair, it is a symbiotic relationship, the usa is the most consumeristic country in the world and most consumers there don’t mind overpaying, so the usa needs china and china needs the USA.
@@untaayam21 That is true but to create a market, China is wise enough to know you must build the economies in Africa. (Africa is 54 nations.) So, they are building production first, creating jobs and incomes. Only then can you create a market.
I used to provide homestay for international students. The entire formal education in the West has failed. Too much cost. Too much fluff. The government should provide free specific education to their citizens and train a workforce not a culture.
The US was always no 1. No 1 in destabilizing other nations, creating fake wars and stealing their resources instead of peaceful constructive cooperation. People don't want no 1s but peace and cooperation ! Only Bono can be no 1! (lol)
The US was always no 1. No 1 in destabilizing other nations, creating fake wars and stealing their resources instead of peaceful constructive cooperation. People don't want no 1s but peace and cooperation ! Only Bono can be no 1! (lol)
It's nice that China and Chinese companies and institutions are helping the EU and the USA improve their technological endeavors (to include STEM educational efforts). Cooperation is usually a key factor to achieve success.
Wait for the US Government to start "investigating" the motives of those Chinese STEM graduates currently supporting the *US* system. If just a few of those are ... "interrogated", A high percentage of the others are likely to seek opportunities elsewhere. Who's going to lose out in that scenario?
American companies actually sell a lot more stuff in other countries. If tariffs drive up production cost, it eats their profits up. They are more likely to leave America as a result
While Trump was babbling on, most Americans missed what was happening at the recent G20 meeting in Rio. Just about every country was meeting with China to enter trade deals. Trump had already made China great again.
Well, you are wrong! I am a faithful customer of Costco in Taiwan. I watched the trend in the past decades. For a moment in time Costco was flooded with Chinese products from clothing, cookware, electronics...you name it, now there are all gone! It is rare to see anything made in China now. Taiwan is very close to China so we can see things clearly first hand. China literally ran out of money and you see poverty everywhere. Every foreign investment moved out of China!
The US can stop China trade, but it will make us poor. Same with tariffs on Chinese goods. But the brilliant American voters thought this was a great idea. We can bring traditional manufacturing jobs back to the US but everything will be expensive and our standard of living will be much lower. But my real guess is that when manufacturing comes back to the US, it will be fully automated and will not create many traditional jobs. But Americans chose this.
The average American has gotten poorer the past several decades, not richer. Moving manufacturing overseas did not help the average American worker at all, far from it. The promises from Nixon and Clinton were all lies.
"The US can stop Chinese trade..." with the US. BUT China has "The Global South" ALL willing to trade. The US is a drop in the ocean when compared to that.
You know what, if tariffs go on imports, then companies will raise prices...that's a given. The public kinda gets this fact. What the public don't realise is that when the tariffs are removed or reduced, those same imports will not go back to the old prices(+inflation), they will fall but companies will simply pocket the difference. This is the great illusion being foisted on the population.
nobody cares about prices going up if they cant get jobs. NB WF participation rate is 65%. They are tired of this economy of cheap garbage made by over seas slaves.
True. Competition should bring prices down, or the lack of demand. But too much wealth has transferred to the mega corporations who can control way too much of the free economic system.
Manufacturing and supply chains are global, also consider the cost of labor, skills, materials, transportation, the economic law of comparative advantage, etc.. China and the US are in this together.
Has American government ever genuinely tried to understand any other countries? How many Americans actually master a foreign language? How many Americans actually know about China? Maybe China is known for its poverty, Chinese food or kung fu, but what else?!
Here is a data point for you guys, back in 2010 (which was what, 15 years ago?), we did outsourcing in Asia Pacific. I have a complete rate card for every country in Asia. Here is the order of the most expensive labour: 1. Australia/New Zealand (not surprise) 2. Japan (not surprise too) 3. China But if I add pension and insurance, and the full burden rate, China was actually in 2nd place, higher than Japan. In fact the most "cost effective" labour was Malaysia. If you wanna to go for really cheap labour, probably Philippines but they only speak English. We loved using the Malaysia hub as they speak 4 languages, and relatively cheap in Asia - best value for money. Sorry, I digress. China is not cheap. but China is very effective depending on what kind of skills you are looking for.
@@Vjaffacake-c6t There is a balance of skills and cost. For example, Vietnam is cheap when it comes to certain brains per dollar. I can hire a university grad, really clever, hard working and think positively, and they come in numbers, US$500 per month, but they lack creativity. So I have to pair them up with a leader, middle management, to make it work. That means I have to send someone, in their 30-40s, most probably with a wife and kids to Vietnam and station there for a good 5 years..... span of control is around 8-12 to become effective, so for a team of 25 people, I will need 2 of these kinds of managers and that is cost for me too. You see how money isn't everything. You can say it's x dollars times numbers of new talents + y dollars times number of old talent..... yeah, it's a maths question in the end; but if I blindly go for really cheap labour, and just making pans and pots, maybe that's a no brainer. The above question is based on making AI software scenario. Every industry is different. China carries a unique status when it comes to supply chain, and no easy to replace. When I contract an OEM manufacturer, to me, it's only one factory; behind the scene there are 12 others suppliers and with quality control coming to mind, I have to consider beyond the manufacturer whom I am contracted with. That is why it's not an easy thing to resolve. Money isn't the whole piece of jig-saw puzzle. Again, China is not cheap labour, but certain quality is guaranteed, that's all. Like McDonald is not the best food, but I still go there, becoz certail "quality" is always guaranteed no matter where you go on this Earth!
The US is not the girl she thinks she is, she might have been before but the world is changing its time people stop living in bubbles i know this because im from Africa, the respect and admiration Africa used to have for the west is fading away, thats what happens when you ill treat a child who admires you and looks up to you the "shit hole countries" are now realizing that they will never gain anything from begging to treated equally and recognized by the west instead of being exploited! That mindset needs to change
Of course you can't claim to be rich and have good stuff when you can't make them yourself, whenever I look at my cellphone I see a supercomputer in the palm of my hand, it's something I own and can't make, that means I'm very dependent on the people that make it, it's not like an old radio that I could put together with the right knowledge, the chip on this phone is something I will need almost a trillion dollars to be able to replicate.
Manufacturing in other countries is fine. It becomes a problem (apparently) if "you" try to EXPLOIT the other country, but essentially "Put all your eggs in one basket" as you export your expertise, then somehow "Lose" the profit rather than reinvesting at least a percentage of that in the Infrastructure and population of your own country. (I would call that "National Security"?) Then, it seems you end up with unhappy people spending large and increasing amounts which they can't afford on goods and services which are overpriced and a government (lower case "g" ... Ongoing) bought and paid for by those with the most to gain and therefore the greatest incentive to "invest" in the status quo.
@@santostv. China made American products unaffordable in China with regulations and tariffs. Our trade deficit is a direct result of China putting tariffs on American exports. Corporate media is very soft on China.
Spot on, Cyrus. When it comes to moving supply chains, I think it has affected the quality of the clothings/consumer goods industry as well. I'm a big fan of Ralph Lauren clothes. Since moving out of China, the Ralph Lauren clothing design/quality has deteriorated. The same goes with Adidas and even Nike shoes as well.
Thank you for this deep-dive into the technology driven aspects of the present and near future. Very well-researched, balanced, good graphics, you have a very pleasant voice. It all creates a very good viewing experience. Thank you!
The biggest question would be, "when will USA/Russia/China ever catch up with India"? Bear in mind that it was Narendra Modi, touted as the "most popular leader/Prime Minister of the World" by Indians (India), that proclaimed to the entire world that: *"The 21st century belongs to India"* *"India has become a space superpower"* *“India is today the fastest growing major economy in the world"* *"India is the voice/leader of the global south"* *"India a Vishwaguru (global teacher of the entire world)"* *Indian medias saying "India global tech leader of the world".* I laugh at the title of this video. 😆🤣😂😁🤭😏
Thats the problem too much stuff made in china. That started cause business wanted to make a killing instend of making way less because of labor cost. Its like my mom making $500 a week in the 70s and a new mustang was around $5000 dollars. You got alot of indutrial jobs still making around the same and a new mustang $60,000 -100,000 average. All we need to trade with them is for what we need. Companies greed is what started this and not worrying about america workers american dream just americas pockets. Make it for $10.00 and sell it in america for $200.
Ross Perot warned the American people about NAFTA. But even before that era it was Richard Nixon that really screwed the American people by taking the USA off the gold standard and opening trade with China. That was a one two punch to the gut of the American people. Oh and the Nixon admin also formed the EPA...one of the single most destructive agencies for American industry.
Your ideas outline a vision of global economic and technological progress. Here’s a structured take on the concepts you’ve presented: 1. China’s Evolution: From “Made in China” to “Innovated in China” Over recent decades, China has shifted its focus from producing inexpensive goods to becoming a leader in high-tech industries, including renewable energy, artificial intelligence, and advanced manufacturing. This transformation positions China as a global innovator, raising its global competitiveness. 2. The USA’s Role: High-End Innovation and a Shift in Focus The United States has traditionally invested in high-end technology, particularly in defense and aerospace. While these sectors contribute to national security and technological leadership, expanding the focus to affordable, high-quality consumer goods and global infrastructure can have a broader impact: • Affordable High-Tech Products: Developing accessible, advanced technologies can elevate living standards and foster innovation worldwide. • Global Infrastructure Development: The U.S. could lead initiatives in building roads, ports, airports, and hospitals in developing countries. This would enhance global connectivity, improve living standards, and strengthen diplomatic relationships. 3. The Vision: A Collaborative Global Economy A shift in the USA’s focus to prioritize consumer technology and infrastructure aligns with a vision for a better world. Investments in areas like sustainable energy, smart cities, and advanced healthcare systems could drive progress globally while also benefiting American businesses. By emphasizing innovation and collaboration, both nations could contribute to a more equitable and prosperous global economy.
With hindsight, the West has been relocated their factories to India, Latin America and South East Asia, however, the West encountered various problems ranging from political bottlenecks, power outages, water shortages, recruitment of suitable workforce etc. most importantly, China is a world factory come with a near complete supply chain. For instance, Apple and Samsung have experienced the above in India and Vietnam respectively, yet, to mention the “advanced” problems arise in USA and Europe 😢😢😢
From Asia , It is fascinating and heartening to NOTE XI JIPING'S GENIUS AND BRILLIANCE IN DEALING WITH TRADE AND TARIFF WAR . HE DOES NOT TALK AND BOAST . HE ACTS WITH QUIET DRAMA . ❤❤❤❤😂
That isn’t a good point, without health you are “nothing” and usa standards are lower than most of Europe but higher than most Asia,latin America and Africa
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
Hi Cyrus, I noticed your hair has grown and changed a lot-looks great, congratulations! I’m curious, what treatment did you get and where did you have it done? Would love to hear more!
Technology is not prioritized in america cause if it was we would make colleage free. But alot of our smartest and brightest end up working to survive instead of opportunities to do great. Why cause college is big money.
College in the USA is a mess, it's not focused on important skills the way Asia does things. First you would need to total reform of the US education system which has obviously failed.
American are so patriotic that we will buy homemade goods even if it cost more, hell yeah. Let's be honest guys, if your iphone 17 is $2899 how many people will be buying it
So who will the american eco warrior politicians point at when the factories are back on usa soil? At the moment they can point to China and their factories but when those same factories are on us soil who will tbey complain about?
@@davidb2206 Last time I went to the restaurant, I have to order with my phone. When I went to the nroker, he used my phone to verify my ID. Good for you you don't need a phone
Rare earth minerals is found alot in Norway, but due to politics that want to preserve Norway as a pretty country, it will never happend. Companies will not dare to invest a dime to get this rare metals, due to taxes. Wow, western world is very smart....
even if the norway government allows companies to dig dig up these raw materials they'll need to process and refine them which opens another can of worms because these factories generate pollution. China isnt perfect they are still releasing air pollution via factories etc, but what those people pointing at Chinas factories causing air pollution forgot how their owm industrial movement also contributed to the air pollution before Chinas contributions.
@@hongluong3427 China do fight this issue about pollution. We have huge amount of thorium in my country, and it can give energy for hundreds of years for europe. Will it be mined, no...
@janhansen554 what im saying is who will the west blame now if the western countries start to mine these raw materials because at the moment the west is blaming China for the air pollution even when they have invested billions into hydro, solar and wind while the west is slugging behind. For example: • you have a v8 petrol car but your house is decked out with green energy power source. • me have a ev car but still use gas as my main source of energy • behind closed doors your home is more eco friendly then mine. • if i get a petrol car i cant call you out for not being eco friendly.
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why China so scare ? China be brave stop all trade with the West
During the last Trump admin the US tried renegotiated the WTO Treaty that declares China a developing nation and this Treaty grants them Free Shipping into much of the world and soon after the pandemic started and I am not sure if anything has changed.
😊😊 on😊
Agree 👍.
Just forget about that country.
Nomatter which party incharge that will never give up doing the trade war to China.
They don't care about their people will suffering has to pay high prise to buy items 🙄.
What a stupid all the world economy ministers in the world. How can a country become a wealth country if USD is manipulated? 65 years the world is under capitalism era but what has happened is all natural resources are gone but the majority of the world population is poor. Why? Because everything is calculated using USD. The question is how about if the USD, the dividing number, is being manipulated?
For example, 1 USD = 85 rupee.
Let say 85 million Rupee / 85 Rupee = USD 1 million. Now the dividing number is manipulated into 1 USD = 85,000 rupee. Thus 85 million/85,000 rupee = USD 1,000. How about that dividing number is manipulated again becomes 1 USD = 85 trillion? 85 million/85 trillion = USD 0.000001
The question is how can you get the similar income of USD 1million from USD 0.000001 if the dividing number has been manipulated from 85 into 85 trillion? How hard do you have to work if the dividing number is being manipulated from 85 rupee into 85 trillion? How many assets do you have to give up if the dividing number has been manipulated from 85 to 85 trillion?
So, no matter how hard you work, if the system is a corrupt system, you will get nothing. Is this system fair?
The US can increase tariffs as much as they want, let's be honest, the US customers will pay for most of it.
And they will love it with every extra penny spend
@@ftu2021 100%, they market tariffs as patriotic. But they won't buy domestic products if they can buy cheaper elsewhere. So it's only patriotic when the government punishes them for buying foreign goods lol. Intellectual rot.
@@ftu2021,
"Penny"?!
TRY; DOLLARS!!! 😂
"for most of it"? only US customers will pay for it!
@@ftu2021 Because they 'believe' it goes to a 'greater' cause LOL.
Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..
A collapse has began!!! Rich people know this.... they are hedging... through hedge funds. It costs them about 6% a year to do this. Those that aren't rich are not hedge and are at great risk in the bubble of all bubbles with the debt at all time highs. The increasing prices have impacted my plan to retire at 62, The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.
@@wmwoods-l4f I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $110k in value stocks and digital assets, Up to 300k so far and pretty sure I'm ready for whatever comes.
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Annette Christine Conte is the licensed advisor I use and i'm just putting this out here because you asked. You can Just search the name. You’d find necessary details to work with to set up an appointment.
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The problem with some or should I say many Americans is that they think there is no world beyond its borders
Well,....There is Canada too.
And it is? Reality is what you believe there is nothing else after that because you don't believe that there is? In every day saying it's tunnel vision?
That’s for sure.
Dumb dumb DJTRUMP have to open factory on USA GROUNDS FIRST. all he did was buy Quality & Quantity FIRST, , before threatening China, India. DJTRUMP BIG MOUTH, NO BRAINS😂😂😂😂😂
100%
When it comes to Sinophobes, I remember this phrase: "It is difficult to win an argument with an intelligent person, but it is impossible to win one with an idiot."
AKA "An Idiot will drag you down to their level, then beat you with experience" (Was that Oscar Wilde?)
👍👍
@@rogerstarkey5390 Mark Twain
Sinophobe naam ki koi cheez nahi hain.china ek autocratic country aur han chinese sab iss regime ko support karte hain.
@Sylotizeecontact English please.
Assuming all manufacturing came back to the U.S. due to tariffs to equalize pricing. That means US made products will be so expensive that it has no market anywhere else outside the states. US is 4% of the world’s population.
Yep
Correct, let's take for example the "North American" auto industry. Strictly geared to domestic consumption like the giant expensive pick up trucks that no one else wants, or can afford. Nothing is coming back, it's over.
Lower down the wages and cost of living to compete the world
@@charlielua No. Train the work force for more efficient jobs.
Exactly.
I recalled that interview with Cook where he had stated, in an analogy, " in China, they can fill a stadium of required talents while, in the US, they would have difficulties filling a room."
He said it in this video. He actually said that in China you can fill several stadiums!
@@squashdevicerNot only fill those stadiums, but have jobs for nearly all of them, if not all of them.
1.4 billion people, should tell us all we need to know, its all down to the numbers in the end, but people like to hang on to the idea that we are more intelligent than everyone else, when in reality all sociaties have intelligent people its how that sociaty operates determines how well the country is managed, Corporate societies place individualism as its main priority, which works for the few, but as we see in china 40% of people have been lifted out of poverty, because they utilise all the talents socity has to offer.
@@timothychung4811 Probably those filling the room in the US are also Chinese!
@timothychung4811 There're many smart kids in the USA to fill those skill labor jobs. We need to privatize schooling in America. Public schools are disasters for kids who are willing to learn, with gangs and racial discrimination.
Additionally, China is home to 80-90% of the world's rare earth metals production. Rare earth metals are used in batteries, magnets, LEDs, screens, hard disks, solar panels, wind turbines, smart phones, etc. Therefore, it's impossible to decouple with China's economy.
Yup, I agree and I ain’t into left vs right politics. When manufacturing was happening in the past in the 1950s in the United States, American made goods “MADE IN USA” are using materials, minerals imported from China and other countries to assemble, make, build USA MADE GOODS and the funny thing about this whole situation is that right leaning Trump fans don’t their own research on their own without being biased with one sided news outlets or Truth social.
i disagree, rare earth is all over and the usa has the best rare earths. the issue is that environmentalists do not have the will to harvest them. the real advantage china has is the hundreds of thousands of machinists in the labor pool. This is not an advantage that the usa labor pool can overcome this generation of workers.
@@kingsly3690 He said production, not just metal in the dirt......Your body has rare metals which factory are you feed those to huh?
@@ginxxxxx "US labor pool" sounds oxymoron. LOL there is no labor, just consumption.
@@ginxxxxx I disagree, people need to extract and process rare earths so that they can use these rare materials for industrial purposes. America just don't have the technology to process rare earths.
The hypocracy in america knows no bounds.
Naturally when you've been gaslighted for about 300 years LOL.
why China is so hard up to trade with America when America does not want to trade and raise tariffs
@@hkfoo3333 - All America are doing is turning themselves into a non-essential trade destination and thus ensuring the rise of an industrialized Africa
This is the problem. The wealthy with tons of help from Republicans have kept wages artifically low in the U.S. for the majority of the workforce. Rising less than the true rate of inflation ever since "Trickle Down" and Reaganomics. The American people are very slow for the most part and have not noticed. They have not noticed, because all the American goods have been replaced with cheap crap from abroad, mostly China. If that manufacturing actually came back to the U.S., prices on everything would jump 30-40%. The people would realize that their wages needed to go up 30-40%. That is why there will be next to nothing that comes back to America in manufacturing. China has a trillion dollar trade surplus, they make things, we don't, we can't. The greed of our wealthy is what put us in this position, they wanted the higher profit margins manufacturing abroad would give them.
why China so scare ? China be brave stop all trade with the West
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During COVID, people screamed to 'de-risk and de-couple' from China. I screamed to agree. Then I asked, where can I replace all of household items by North American made? It was dead silence. I see lots of Mercedes, BMW, Porches, Lexus, Audi vehicles in Costco and Walmart parking lots. Hmmm, it looks like Big Talk. At the end of the day, none of us want to pay 6 times more on the same quality TV manufactured in North America than the one made in China. Suddenly, all the big talkers don't give a hood to their blue worker countrymen anymore when it comes to dollars and cents. How sad!
Everyone forgets that it was the shortage of "50 cent" semiconductors that crippled US industry during the crisis, and that THOSE orders were cancelled by the US companies, causing the Chinese companies to slow production of the devices.
.
Trump's tariff idea is all about transferring wealth from common people to the wealthiest in the US. He will cut the income tax for the riches and corporate tax. The revenue has to be generated somewhere. Tariff is a form of a general tax. No matter what income level you are in, you pay the same amount of tax for the goods and services. It's perfect way of transferring wealth to the richest.
❤exactly
How MAGAts aren’t capable of understanding this simple concept is bizarre
No thats what the covid bailouts did. This is an asset bubble being popped finally after so long. Wages in the US matched productivity until we allowed corporations to let overseas slavers to compete with americans, and benefitted from the lack of freedom and expectations of poor 3rd world people. Its sickening. NB employment rate for men is sitting at 65%. How you aristocrats planned on surviving this continuing is a mystery to me.
There is no world in which the commoners will get ahead in the USA. Tariffs will bleed the commoners. So will the income tax. Remember: the Federal income tax in the USA is over 20% for people making more than $47,000 per year. That means the average American is paying 20% or more in Fed taxes. Many US States have income taxes over 5% on top of that, with SS and medicare taxes on top of that. When you add up all the taxes in the USA you will find the Chinese have a lower tax burden in general. I think China does taxes a lot better since their taxation is focused on consumption not income.
@@gezenews It is really odd to think other countries are lack of freedom. You really need to travel to Asia to understand that the freedom is not just a declaration. Freedom is ability to do things. If you are out of job and don't have wealthy inheritance, you don't have much freedom. If you go to China, you will find they have more freedom to do what they want because their incomes afford the majority of people to do things.
American dream will continue to be “a dream” while other countries woke up long ago and deliver efficiency. The US Administrations instead of making for the population affordable life by partnering with other countries, they want to fight at the cost of the consumers who are already suffering from huge inflation, high taxation, high interest rate, crimes, homelessness, poor education, poor medical. What is the point of calling USA a rich country if the people don’t benefit from its richness. The way forward is to partner in a win win collaboration with China, Mexico, Canada, Europe, Russia and deliver better life for Americans. This is not requesting a miracle.
Pretty funning how Mexico is scrambling to fix their border to avoid tariffs. They deserve it.
❤absolutely CORRECT and TRUE
Just add up all the wars US has lost in this decade and it's a shame we cannot use that money for things like pension, healthcare, infrastructure, universities tuition, technology advancements, and so on and so on. Better yet, we don't even have national debts.
I can't agree more. Cooperation, not confrontation, is the key. Nothing can be achieved by fighting.
But right-wing politicians like Trump want an uneven playing field for the rich like themselves! It’s what makes them richer than everybody else because when they make the rich richer at the expense of everybody else they get massive kickbacks in the form of bribes that also make them rich as well! That’s why in the US the only people that are getting richer every year are the billionaires, multi-millionaires, and the politicians! Nowadays even the so-called “Democrats” in the US government are actually right-wingers! They might be less fascist and less extreme than the Republicans but they are still right-wingers! The entire US government has moved so far right to the right that today’s Democrats are more conservative in nature than the Republicans from the 1950’s to 1970’s!
Even the bible the president swears on is printed in china😂😂😂😂😂
Not only swears on, but sells.
😂👍
good bless 中国🇨🇳❤❤❤
@@eugenec7130literally all of his home shopping network products are made in china.
😂 bro and they blame China for things they guilty of
As a Chinese, I strongly recommend that the Chinese government impose an export tax on U.S. exports. China still exports so many goods to the U.S. due to tariffs of more than 30% imposed by the U.S. government
Export tax? Tax whom, when they export it themselves?
You mean an import tax?
You mean a tariff?
CYRUS MY BROTHER WE IN HAVE BOTH BEEN TO CHINA. I AM EXHAUSTED WITH TRYING TO EDUCATE AMERICANS ABOUT CHINA. I DO NO CARE ANY MORE. WE AMERICANS CAN NOT LET GO OF THIS IDEA THAT WE ARE NUMBER 1 IN EVERYTHING FOR EVER.
It’s the medias fault. Those of us who have time to pay attention know, but if you just watch the news they’re not talking about this. It’s not the American people’s fault, it’s the elite and those controlling our media.
Pride comes before a fall.
Even Janet Yellen stated that a decoupling of the US and Chinese economies would be virtually impossible.
Cooperation is much better. But the US is bucking that thought.
Decoupling is Biden's specialty, not Janet's. Janet's specialty is overcapacity.
@@cottagegymfun originally it was thought that the USA opened trade with China to cooperate, but obviously they had other motives. They were hoping to topple China with capitalism the way the USSR fell. Instead China adapted with a hybrid system and outperformed the USA.
I imagine she was talking about it being impossible for the *US* to decouple. CHINA can. It would be "inconvenient" BUT they have the market in the global MAJORITY (AKA "South")
In the mid-2000's, neither China nor the United States had any high-speed passenger railways. In 2024, China currently has more than enough high-speed passenger railways to circle the earth, and is building more railway lines every year. If you have not visited China in the past five years, you should go to see their amazing country. It is not the Communist China of the pre-1980's.
Conversly, the United States still has ZERO high-speed passenger railways!
However, to our discredit, the United States CONgress WASTED MORE THAN $2.26TRILLION ON THE INVASION AND SUBSEQUENT 20-YEAR OCCUPATION OF AFGHANISTAN!
How'd that workout for We The People?!
While the United States CONgress is meddling in Taiwan and the South China Sea, trying to intimidate China; China is investing in Africa, Asia and Latin America. In fact,nChina just opened a custom build "mega seaport" at Chancay Port just 40 miles north of Lima, Peru to facilitate multilateral trade between China and Latin American countries. It will reduce transpacific shipping times by almost half!!!
The United States is sanctioning Cuba, Nicaragua, Venezuela and anyone else they dislike.
The truly sad part is; just when there is an opportunity for America to lead; they elected "DON THE CON" that promised MAGA, but delivered MAGAOTS!!!
Uh... You seem to be IGORNING the fact that the United States has enjoyed a thing called CAR OWNERSHIP since Henry Ford rolled out the Model T. High speed rail does not make economic sense. Look up some history before popping off your mouth.
Mr Andrew just visit china once please and there are no druggist homeless people there though , would have a nice Subway ride then your nyc 😉@@Andrew-nh5zg
Communist!
Welcome to the genius of democracy!
The best system that money can buy, where billionaires soon realized why vote for others, they might as well be P0TUS and run the world!!
High speed rail primarily competes with short hop air travel. With effective high speed rail on the east coast, you would eliminate most of the DC-NYC-Boston air travel. I live outside DC and work half time in Ct. I always take the train - even Amtrak is better than the alternatives.
If you believe China is a peaceful and progressive country, raise your hand ✋🙋👍
🤚
I don't know China for causing 10+ major wars in the last 70 years.
✋
🤚
✋🏽
If you think the inflation on 2022 and 2023 were bad, just wait until after the tariffs start. The inflation will be completely runaway.
The corporate media focuses on labor costs because corporations want to cut worker wages. They don't talk about infrastructure and education because that goes against their low-taxes, small-government agenda. They don't talk about upgrading their factories because that cuts into the short-term profits for their shareholders.
This video doesn’t also focus on minerals extraction from Africa
@@GreatTaiwan Why would he? The video’s about China
When your richest company (Apple) manufacturs in China and not the US; that's a big hint.
Google "Warren Buffett selling Apple Shares"
Apple does not manufacture they use subcontractor
@@davidwong5197 Why does Apple use sub-contractors in the US? Are Americans prepared to pay $4000 for an I-Phone?
no that's hon hai. the owner is taiwanese.
@@laowantongchau No contract manufacturer is in US. They moved to Mexico. There is osme protype building shops. They are VERY expensive tho. We used them because they are local and convenient
Being the hegemon of the world for decades the US cannot accept the Idea of being surpassed by any other country. Neither does it want to be too dependent on any other country. This reflects the nature of a country proud of its achievements in trade , technological innovations and other prowess which are undeniable. To maintain such position in this world requires among others , good and efficient governance , the pursuance of good policies and a smart and hard working population. Otherwise other forces will rush in and compete for the top position. Nothing is static in this world . If you do not progress and keep pace with competing forces you will fall behind .This is competition and there nothing evil in it. The big question is whether you can accept it.
Americans also need to accept the truth that a great deal of their innovation actually came from foreign individuals or countries. Werner Von Braun and his ilk, brought military superiority for instance.
Russia brought engines to the space program.
The list is long and we also shouldn’t deny that the U.S. became a prosperous nation for the populace, from stealing resources from other countries, which continues to this day.
China PRC is nowhere near 'surpassing' the USA. It's not even close, it's impossible.
Are you that misinformed you'd actually belch that out?
Most American businessmen are anticipating higher tarriffs on Chinese products into the US market & or more sanctions when President Trump comes in by 20th Jan 2025.
They are now scrambling to build up at least 1 year stockpile of all kinds of products that can only be produced competitively in China, and also strengthening supply chains via other countries to evade those sanctions on China, and to avoid crippling supply disruptions to their businesses.
Apparently people aren’t getting their bonuses this year because of this.
I have been watching TEMU build local warehouses here….literally 90% of everything comes from local warehouses now, and arrives within days.
Also, people need to do the math. Right now we can buy TEMU products, most of them anyway, 50-100% cheaper than from an American company.
Even with a 25% tariff, TEMU products will still be cheaper.
Orange box is good at the art of grift.
@siewkonsum7291
Too little, too late.
Have you considered that rather than "Get involved", China may simply turn to fair and reasonable, mutually beneficial trade with a new market *Which they have established* ?
Wait for "The Global South" (more properly named "The Global MAJORITY") to begin saying "No, thank you" to the US, preferring to deal with each other.
The structure is there.
The Route is being established.
WHY is USA currently interested in Iran?.... It's not Israel, it's China > Afghanistan (New Zero Tariff deal in place) > IRAN > Saudi Arabia > RED SEA > AFRICA.... etc.
Look at the map and the number of countries involved, or WISHING they were.
.
As I said... "No Thank you"... AKA "free Trade"
@@catalhuyuk7 The bosses are, don't know about the worker
i worked in the far east for 12 years and your summary is so true. when working in China the talk is all growth, investment, growth investment,,, whilst the US and EU are all about cuts, cuts ,cuts. in short compared to China the Western world feels backward. The vast manufacturing capacity, infrastructure, tech investment, volume of educated people and factory workers just cannot be beaten.
Last week in China, Apple CEO Tim Cook stated his high regard for Apple's Chinese partners, as Apple "could not do what it does without them." Apple has some 200 major suppliers, with more than 80 percent producing products in China, according to information at Apple's booth at the Supply chain expo. During the visit, Cook met China's Minister of Industry and Information Technology Jin Zhuanglong, and told him that Apple would "continue to grow its investments in China and help the high-quality development of the supply chain," according to a statement by the ministry.(MIIT)
Point of note.
I'm typing on my laptop. (Made in China)
The Laptop is connected to wifi supplied by the Hotspot on my (new) Chinese brand smartphone (which replaced my old Chinese brand smartphone... which replaced a Previous Chinese brand smartphone)
These 3 phones cost (combined) less than 70% of the cash price of iPhone 16 pro....
They are all Good phones, still functional, just out of "Security support".
The United States politicians should look back at why manufacturing was relocated to China for the past 4 decades in the first place. The main underlying factor was cost of production. The US manufacturing could not compete with China on cost of production. Four decades have past, is there any change to cost of production? The answer is no, in fact the cost of production in the US is still much higher than in China, even the same cost has somehow risen in China. The US Government imposes high import tariffs on Chinese goods in the hope that the US manufacturing can resurrect. But when the cost in US is still not competitive with China's, and with China's advancements in manufacturing technology in leaps and bounds, there is no way manufacturing will go back to the US.
It was also anti union sentiment on Wall Street that did it.
We were warned by Ross Perot, Ron Paul and others about the great Sucking Sound of factories and jobs being exported to Mexico and China but few listened. Look at all the videos of dead and dying cities and factories.
Cost of production? No it was simple corporate greed combined with politicians false promises to the people that they could get cheap imports with zero consequence. You cannot blame the peasants for not understanding economics but of course they would end up losing their jobs and their wealth by letting the corporations send all the manufacturing overseas! The US government also made very foolish moves with regulations, especially environmental regulations. Unions drove up labor costs dramatically too of course but honestly it was environmental regulations that really killed American industry.
What happened was US companies (ans the government) saw an opportunity to EXPLOIT China as they did (Or TRIED to do) with Japan.
They weren't smart enough to realise that JAPAN started the decline of US industry, CHINA simply followed the same Game Plan but were FAR more effective at doing so.
.
What went wrong?
The Money the US MADE went "Somewhere".... But NOT into building and rebuilding infrastructure and services as it did in China.
good comment..high salary,, regulaion ,insurance,transportion are main problem of american companies ..they dont go back to usa.
And the USA is going to deport their cheap labour as well, so even if they build the factories it will be costlier to run them.
They say love is blind, but the same goes for hatred. Bigotry comes at a price.
Housing will be cheaper with less people in the country
And fuel prices, food prices
@kerrybutler6404 lmao oooooookkk it won't but oooooooookkk
Good point!
@@kerrybutler6404
More housing may come available but it won’t be cheaper. Who’s going to drop the price of anything?
There is definitely a pred@tor VS pr3y mentality in the good ol’ USA!
Trump is like a 12 year old kid tweeting whatever he thinks sounds good......except that it doesn't.....
Thanks!
The US has a habit of blaming other countries for their problems. I remember getting an engineering tech job (back in the late 1970s) with a company in Alabama that was buying a product line from our factory in Michigan that was closing (the structure of the facility was being condemned). At a dinner, somehow, I got tabled with the president of the Alabama company. At that time Japan and South Korea were turning into manufacturing power-houses. During dinner, the subject of Japan and South Korea came up. Being a product testing technician, I was tasked with testing all sorts of components and at the time a growing number of them, the engineers were providing, were from East Asia (*mostly for cost reduction). The President started droning on that he did not feel Asia was any kind of real threat and they merely "copy cat" goods and they were not innovative. In the US we were calling it "reverse-engineering but I digress. At the dinner, I piped in and said "I don't know, I've seen some pretty good stuff from Japan coming through the Lab. I got chastised by the company president during dinner and in a nutshell got told I had no idea what I was talking about. The warning signs have been with us for decades. No one cared as long as they made money. Don't blame East Asia for beating us at our own game. American pride and corporate greed got us here. By the way, The Chinese came to the plant in Michigan before it closed. Surprisingly, they did not want to even buy any of our manufacturing equipment. Most of out metal stamping equipment was WWII era. One metal "press machine " was first used to make parts for the Ford Model T.
A side note or in other words !
Every household income is different.. therefore we appreciate having products from all over the world with different price points !! Not everyone can afford one product from within its own country.
Trade is good for all ! You want a good job and living ? Well you need to sell that product otherwise there goes your job
exactly!
America wants to bake cake but isn't willing to invest money into the kitchen. They need major infrastructure investment (such as rail) if they want a realistic chance of rebirthing US manufacturing.
❤Precisely
And no one with a modicum of sanity is going to invest in a collapsing economy.
Foreign investors, those investors that thru buying our bonds, whom have kept the U.S. afloat since the 2008 crash…aren’t going to invest, knowing their assets could be seized.
U.S. investors, I can’t see that happening either, even Buffet and Dimon are dumping stock.
Most Americans can’t do the math so they go on believing the lies.
Well there has to be that willingness or else it won’t be good for the future. Remember Cyrus is Pro-Russia and Pro-China
Not to mention in order to build 100 miles of rail line may take 10 years.
And cheap labours, cheaper raw materials
I hope US can cooperate with China in the near future so that everybody will benefit from this kind of collaboration.
I just dont know why American view China as a huge threat?
But anyway our Chinese peoples philosophy is quite clear and simple, that means if you wanna cooperation we do it ,if you wanna fight let's go for it. that's all.
Stop your loser mentality, the yanks are no longer as important as what you think. They have lost the competition and is now behaving like a rabid dog gone berserk. All their zero sum games n scorch earth policies to contain China's progress will not only fail but backfire.
Keep your loser mindset in check
I think the USA thinks they are bigger and better than China. I’d bet that China would decimate the USA in a heartbeat.
If the US got into a war of production with China like WWII, it would not go well for the US. The US could outproduce the world in WWII. China can outproduce the world today.
keep ur mouth zipping up
this is why Education is very important, do not think education as a cost but think of it as an investment for your future, there is a famous Quote by Nelson Mandela "Education is the most powerful weapon which you can use to change the world", just look at China in just one or two generation cycle they have change from a Poor country into now the most Developed country not just in economy but also in technology too, and it all start with Education
Tarrifs increase will backfire US people they have to pay more price.
And they clapped and cheered for having to pay more! Lol.
People had to pay more for stuff every single year their whole lives. Especially over the last 53 years. And how many to you think can explain why? And the problem isn’t tariff's.
Except there is no more easy money to extract from the people.
@@richardong7742not me and anyone I know. We’re all very unhappy about the tariffs. And unhappy about Trump in general.
@@kellys7018 And the people I know are happy about the tariffs and Trump in General.
So why can't America have world class infrastructure? We have allowed the country to be deindustrialized.
Because the u.s. budget prefers wars and destruction over development and uplifting humanity.
It’s because the costs are through the roof. Here in Oakland about 12 years ago they built a spur light-rail to go from the nearest BART station to the Oakland Airport about 3 miles away. It works okay but costed half a billion dollars. California wants to build a HSR from SF to LA, but after spending 100 billion they’ve only got about 1/4 of the line working in the Central Valley where few people live. Compare that to Shanghai in 2008 where they added 10 new subway lines in preparation for the upcoming World Expo.
@@alrent2992毁坏容易，建设困难。😂
Neoliberalism 🤷🏻
Who's we? I don’t remember voting for any of the policies that have allowed this to happen over the past decades.
70-80% for Walmart alone 😮
Walmart is crumbling now. Their sales are in the toilet.
@@worldlife9834 Wrong Bruh.
@@johnsmith1953x count the closed stores.
During the last Trump admin the US tried renegotiated the WTO Treaty that declares China a developing nation and this Treaty grants them Free Shipping into much of the world and soon after the pandemic started and I am not sure if anything has changed.
Oh no!!! Walmart!!! Anything but Walmart!!! Take my gold instead!!
Thanks!
Thank you for the support!
Cyrus you are a breath of fresh air in an atmosphere of toxic biased fake journalism, we love your work and appreciate it. Long Live China and peace loving people all around the world. Let’s move this world towards peace, opportunity and prosperity for all.
Don't worry Ukraine and Israel will save America
😭💀
Singing to RAPTURE together and the world is peaceful and kind ever after🙏🙏🙏
les poison de monde
hahah americas abandoning its allies, goodluck with china though!
From what I have observed, the weakness of developed countries is that many of their citizens no longer want to work in factories and in China this symptom is also starting to appear.
Why would they? McDonald's pays more for flipping burgers. And very little skill required. Even in education, law and business graduates get paid more than engineers. And it's easier to study these fields.. no math. We teach kids block coding instead of typing syntax. We have a cultural anti-science / anti-knowledge problem.
Yes, in China young people would prefer delivering goods to working in a factory, coz it pays better and means more freedom. I hope the CEOs will devote more profit to employee salary.
Because China is the leading economy in terms of import and export, if we give up China, the US economy will also go down.
Never use to be a problem a few decades ago so why is it now?
Trump is like that guy that kid that just learned a new word and now he always says it. Tariffs tariffs
And he STILL hasn't learned how to play that Damned Accordion! 😉
Great video Cyrus! 100% agree!
Thank you Cliff! Hope you are well
@@CyrusJanssen You should really do a video on the current state of the U.S. infrastructure. The poor, crumbling and lack of infrastructure in the U.S., Cost U.S. companies and manufacturing Trillions of Dollars annually. Everything from Roads, Bridges, Ports, Waterways, Energy etc... It's basically being held together by duct tape at this point. The U.S. can't compete with China because it no longer has the basic fundamental infrastructure left to do so.
There's an entire area of the U.S. referred to as the Rusted Belt! I don't understand why people still don't get it 🤔
Thanks for providing such valuable information.
Valuable information, You got to be kidding me.
❤Excellent work Cyrus. Thank you for your TRUTHFUL advice and professional insight.
Not sure why Cyrus brings it back to cost and price and the end. Tim Cook has it right: the skill level of the workers is "very deep" and the quantity of skill in a given location is greater than in the US.
Forcing manufacturers to relocate in the US isn't helping: TSMC, a Taiwanese company, has had a rough time ramping up chip manufacturing in Arizona. They just can't find enough people with the skill level they need, so they've been forced to bring workers over from Taiwan.
If we can't compete with the Taiwanese, how on Earth are we going to compete with the Chinese?
Greatly appreciate your balanced and nuanced coverage of complex matters, which is not available in MSM. Keep it up, bro, keep going.
Woah i didnt know your channel has over 700k subscriber now, what an incredible growth!
Thank you for the support!
an excellent analysis, hit the nail on the head!
Tariffs, sanctions, and bullying around other countries will not help.
We need peace, not nonsense and stupid talk with the rest of the world.
Humanity above anything, we have to act as civilized creatures not as
wild reptiles. Already enough of wars and fictional enemies. There are
no enemies.
China is the most honest and friendly country in the world, they are very friendly to their neighbors. Imagine a world where china rules instead of the US. What paradise awaits us.
I appreciate the calm, measured voice with which you present the information.
You're so corrected on your analysis. I also like to bring out one more important factors. Our aging population as baby boomers retiring at a astronomical rates. With fixed income in the horizon, it just doesn't make sense to pay more for products.
Thank you Cyrus. Best wishes.
The economy is going to crash when consumers stop buying things they don’t need because of tariffs and price increases.
But since you understand how it’s gong to crash over the years I'm sure you don’t worry about it personally. Because the few people I’ve found that understand these economic problems don’t.
@@Bill-g7din the end, people have to depend on themselves, their family and their community…not on the government. So even though it sounds like your remark was a criticism….I would remind you that you should never depend on a government in a Capitalist country to have your best interest at heart.
Capitalism exists to create wealth for the rich on the backs of the workers.
Corporations exist to create wealth for shareholders.
So anyone with a bit of wisdom and sanity living in a Capitalist country knows that safety, even a small bit of safety, only comes from taking care of ourselves and not depending on the government or employers.
Should it be different? Of course….buts it’s the only recourse left to us.
Yes. And that is the goal. Crash foreign trade.
@@Elementaldomain Well disagree with your interpretation of capitalism. And you didn’t come to that conclusion because you spent hours standing it you’re just repeating someone else's opinion that was also wrong. All we've had over the past few decades is the ghost of capitalism, just like all we’ve had left since 1971 is the ghost of money. The stuff you call money isn’t money it's fiat currency the opposite of money.
But that being side I agree 100% with the beginning of your comment. My list if God, Family and helping people in the Community. If everyone did that the government could be much smaller and go back to the job they were first designed for instead f the failing monstrosity it has become. But Trump, Musk and Ramaswamy are on the right track that should have been done decades ago.
@ Dear One….I am 80 years old….😂. I come from an era where we actually read and research situations and concepts. I come from an era when graduating with a degree meant you actually learned something. I don’t “repeat” anyone else’s mantras.
Why people in the West just love to make assumptions about someone they do not know always remains a mystery to me.
You could have simply said you didn’t agree….that is what adults do.
But we did agree on one thing.
Conversations should not turn into arguments where someone in some way, insults another person’s intelligence or there is an egotistical need to prove the other person wrong.
Cyrus, being involved with education in my earlier career, I have been following the STEM Olympiads, the Inter-Varsity Computer competition and PISA, there is no doubt that China is the leading force in STEM education; I am indeed surprised that the leadership of US and general West simply refused to deal with this scenario, which has already been seen over 2 decades ago. In such scenario, it is ready naïve to believe that the Chinese is unable to compete in to-day's developments of technology. Remember after WW2, it was assumed that India with her English medium advantage would have provide all scientific advancements henceforth. In the 60s and 70s, it was assumed that India could have had rail-linked the whole Asia landmass, ( just refer to the reports by ADB and UNESCAP then) , her supposedly strength was based on the thought that since she had inherited a working railway system from her British colonial master, she should be able to take the advantage of destructed Japan and China then. What happened? It certainly takes all more then words like just the command of English.
Most people take for granted basic concepts like resources are finite... 🚧
China has huge savings rate, cheap energy from Russia, Middle East, Central Asia etc. China is going to lead in more innovations and has huge market to make it scale and feasible. US can only print more dollars and become a debt junkie.
And just not too long ago, China was told by the "experts" in the West that without the western style of Democrazy, freedom.... China would not be able to innovate😄
To be fair, it is a symbiotic relationship, the usa is the most consumeristic country in the world and most consumers there don’t mind overpaying, so the usa needs china and china needs the USA.
@@santostv. Why do you think China building Africa?....to create ALTERNATIVE MARKET
@@untaayam21 That is true but to create a market, China is wise enough to know you must build the economies in Africa. (Africa is 54 nations.) So, they are building production first, creating jobs and incomes. Only then can you create a market.
Declining purchasing power of defective money coupled with increasing prices from tariffs should make an interesting future.
Here come those "Interesting times"
Let's hope they don't use "The Big Stick"
I used to provide homestay for international students.
The entire formal education in the West has failed.
Too much cost. Too much fluff.
The government should provide free specific education to their citizens and train a workforce not a culture.
It’s a numbers game. You have 1.4 billion people vs 300M. It’s like racing a 1 engine car vs 8 engines. Game over US
And China graduates millions of students with engineering degrees every year
Majority of Chinese made products are American brands. So ultimately most of the profits goes back to the American companies
And yet China managed to build the largest cites on the planet and Huge infrastructure while USA did what with the "Profit"?
😂 it's funny that you believe you own delusions.
Decades, it would take decades!
The US was always no 1. No 1 in destabilizing other nations, creating fake wars and stealing their resources instead of peaceful constructive cooperation. People don't want no 1s but peace and cooperation ! Only Bono can be no 1! (lol)
The US was always no 1. No 1 in destabilizing other nations, creating fake wars and stealing their resources instead of peaceful constructive cooperation. People don't want no 1s but peace and cooperation ! Only Bono can be no 1! (lol)
Did this not happen in his 1st Presidency?... It literally happened in his 1st term
The rich get richer and voters can't see the forest because of the trees. Go maga, fools
It's nice that China and Chinese companies and institutions are helping the EU and the USA improve their technological endeavors (to include STEM educational efforts). Cooperation is usually a key factor to achieve success.
Wait for the US Government to start "investigating" the motives of those Chinese STEM graduates currently supporting the *US* system.
If just a few of those are ... "interrogated", A high percentage of the others are likely to seek opportunities elsewhere.
Who's going to lose out in that scenario?
They're certainly not helping the Uyghurs
American companies actually sell a lot more stuff in other countries. If tariffs drive up production cost, it eats their profits up. They are more likely to leave America as a result
While Trump was babbling on, most Americans missed what was happening at the recent G20 meeting in Rio. Just about every country was meeting with China to enter trade deals. Trump had already made China great again.
Well, you are wrong! I am a faithful customer of Costco in Taiwan. I watched the trend in the past decades. For a moment in time Costco was flooded with Chinese products from clothing, cookware, electronics...you name it, now there are all gone! It is rare to see anything made in China now. Taiwan is very close to China so we can see things clearly first hand. China literally ran out of money and you see poverty everywhere. Every foreign investment moved out of China!
The US can stop China trade, but it will make us poor. Same with tariffs on Chinese goods. But the brilliant American voters thought this was a great idea. We can bring traditional manufacturing jobs back to the US but everything will be expensive and our standard of living will be much lower. But my real guess is that when manufacturing comes back to the US, it will be fully automated and will not create many traditional jobs. But Americans chose this.
That means you were never rich to begin with. A rich person in China is not afraid of tariffs.
The average American has gotten poorer the past several decades, not richer. Moving manufacturing overseas did not help the average American worker at all, far from it. The promises from Nixon and Clinton were all lies.
@@robymaru03of course…I thought we all knew that most of the US is not rich. Most are barely making it.
"The US can stop Chinese trade..." with the US.
BUT China has "The Global South" ALL willing to trade.
The US is a drop in the ocean when compared to that.
Rich people can afford tarrifs
Cave men have bedn trading since millenium. No one country can depend on itself for everything.
China has established a trade network with Asia, The Middle East, Africa(!!) most of South AND Central America and others....
Who's in trouble?
Even with the tariff tack on top of imports, us made products will still cost way more than any other countries. Therefore, more inflations.
We live in a global economy and we’re all interdependent.
Cyrus, China had negotiated forward energy contracts with Russia a long time ago, so they've future proofed that aspect of costs
Donald speaks without a 🧠.
Search "Grandpa Simpson Onion Story"
reminds me SO much of trump.
You know what, if tariffs go on imports, then companies will raise prices...that's a given. The public kinda gets this fact.
What the public don't realise is that when the tariffs are removed or reduced, those same imports will not go back to the old prices(+inflation), they will fall but companies will simply pocket the difference.
This is the great illusion being foisted on the population.
nobody cares about prices going up if they cant get jobs. NB WF participation rate is 65%. They are tired of this economy of cheap garbage made by over seas slaves.
True. Competition should bring prices down, or the lack of demand. But too much wealth has transferred to the mega corporations who can control way too much of the free economic system.
Where will McDonald buy the cheap toys in the McHappy meals?? Oh yes, I forgot from over paid Union workers in the new US factories! Lol! 😂😂😂😂
Anti union much?
MacDonald CEO makes 20M a year 1200 times higher than the median pay of its worker. Who is overpaid?
Manufacturing and supply chains are global, also consider the cost of labor, skills, materials, transportation, the economic law of comparative advantage, etc.. China and the US are in this together.
Has American government ever genuinely tried to understand any other countries? How many Americans actually master a foreign language? How many Americans actually know about China? Maybe China is known for its poverty, Chinese food or kung fu, but what else?!
Here is a data point for you guys, back in 2010 (which was what, 15 years ago?), we did outsourcing in Asia Pacific. I have a complete rate card for every country in Asia. Here is the order of the most expensive labour:
1. Australia/New Zealand (not surprise)
2. Japan (not surprise too)
3. China
But if I add pension and insurance, and the full burden rate, China was actually in 2nd place, higher than Japan.
In fact the most "cost effective" labour was Malaysia. If you wanna to go for really cheap labour, probably Philippines but they only speak English. We loved using the Malaysia hub as they speak 4 languages, and relatively cheap in Asia - best value for money. Sorry, I digress.
China is not cheap. but China is very effective depending on what kind of skills you are looking for.
Finally someone know the fact. China has also been outsourcing to ASEAN for awhile now.
Seriously, if you want cheap labour.
Go to POOR country's!!!!!
The one's you mentioned above are not poor.
@@Vjaffacake-c6t There is a balance of skills and cost. For example, Vietnam is cheap when it comes to certain brains per dollar. I can hire a university grad, really clever, hard working and think positively, and they come in numbers, US$500 per month, but they lack creativity. So I have to pair them up with a leader, middle management, to make it work. That means I have to send someone, in their 30-40s, most probably with a wife and kids to Vietnam and station there for a good 5 years..... span of control is around 8-12 to become effective, so for a team of 25 people, I will need 2 of these kinds of managers and that is cost for me too. You see how money isn't everything. You can say it's x dollars times numbers of new talents + y dollars times number of old talent..... yeah, it's a maths question in the end; but if I blindly go for really cheap labour, and just making pans and pots, maybe that's a no brainer. The above question is based on making AI software scenario. Every industry is different. China carries a unique status when it comes to supply chain, and no easy to replace. When I contract an OEM manufacturer, to me, it's only one factory; behind the scene there are 12 others suppliers and with quality control coming to mind, I have to consider beyond the manufacturer whom I am contracted with. That is why it's not an easy thing to resolve. Money isn't the whole piece of jig-saw puzzle. Again, China is not cheap labour, but certain quality is guaranteed, that's all. Like McDonald is not the best food, but I still go there, becoz certail "quality" is always guaranteed no matter where you go on this Earth!
@@magicsmurfy thank you for your explanation, put a new perspective to me
The US is not the girl she thinks she is, she might have been before but the world is changing its time people stop living in bubbles i know this because im from Africa, the respect and admiration Africa used to have for the west is fading away, thats what happens when you ill treat a child who admires you and looks up to you the "shit hole countries" are now realizing that they will never gain anything from begging to treated equally and recognized by the west instead of being exploited! That mindset needs to change
The western countries are recognizing the dangers and consequences of manufacturing in other countries.
Of course you can't claim to be rich and have good stuff when you can't make them yourself, whenever I look at my cellphone I see a supercomputer in the palm of my hand, it's something I own and can't make, that means I'm very dependent on the people that make it, it's not like an old radio that I could put together with the right knowledge, the chip on this phone is something I will need almost a trillion dollars to be able to replicate.
Manufacturing in other countries is fine.
It becomes a problem (apparently) if "you" try to EXPLOIT the other country, but essentially "Put all your eggs in one basket" as you export your expertise, then somehow "Lose" the profit rather than reinvesting at least a percentage of that in the Infrastructure and population of your own country. (I would call that "National Security"?)
Then, it seems you end up with unhappy people spending large and increasing amounts which they can't afford on goods and services which are overpriced and a government (lower case "g" ... Ongoing) bought and paid for by those with the most to gain and therefore the greatest incentive to "invest" in the status quo.
Our companies made a lot of money from it, they were just shortsighted thinking china would continue to buy our products with lower quality
@@santostv. China made American products unaffordable in China with regulations and tariffs. Our trade deficit is a direct result of China putting tariffs on American exports. Corporate media is very soft on China.
You got it backwards, manufacturing in other countries is what made western countries rich.
Spot on, Cyrus. When it comes to moving supply chains, I think it has affected the quality of the clothings/consumer goods industry as well. I'm a big fan of Ralph Lauren clothes. Since moving out of China, the Ralph Lauren clothing design/quality has deteriorated. The same goes with Adidas and even Nike shoes as well.
Thank you for this deep-dive into the technology driven aspects of the present and near future. Very well-researched, balanced, good graphics, you have a very pleasant voice. It all creates a very good viewing experience. Thank you!
The biggest question would be, "when will USA/Russia/China ever catch up with India"? Bear in mind that it was Narendra Modi, touted as the "most popular leader/Prime Minister of the World" by Indians (India), that proclaimed to the entire world that:
*"The 21st century belongs to India"*
*"India has become a space superpower"*
*“India is today the fastest growing major economy in the world"*
*"India is the voice/leader of the global south"*
*"India a Vishwaguru (global teacher of the entire world)"*
*Indian medias saying "India global tech leader of the world".*
I laugh at the title of this video. 😆🤣😂😁🤭😏
India has a very long way to go in order to claim ownership of the 21st century. China is way ahead at the moment.
Thats the problem too much stuff made in china. That started cause business wanted to make a killing instend of making way less because of labor cost. Its like my mom making $500 a week in the 70s and a new mustang was around $5000 dollars. You got alot of indutrial jobs still making around the same and a new mustang $60,000 -100,000 average. All we need to trade with them is for what we need. Companies greed is what started this and not worrying about america workers american dream just americas pockets. Make it for $10.00 and sell it in america for $200.
Ross Perot warned the American people about NAFTA. But even before that era it was Richard Nixon that really screwed the American people by taking the USA off the gold standard and opening trade with China. That was a one two punch to the gut of the American people. Oh and the Nixon admin also formed the EPA...one of the single most destructive agencies for American industry.
This year .Mr Cook visit China three times already and CEO of Tesla s mother lives in Shanghai . please tell me why ？
Why not 😂
Your ideas outline a vision of global economic and technological progress. Here’s a structured take on the concepts you’ve presented:
1. China’s Evolution: From “Made in China” to “Innovated in China”
Over recent decades, China has shifted its focus from producing inexpensive goods to becoming a leader in high-tech industries, including renewable energy, artificial intelligence, and advanced manufacturing. This transformation positions China as a global innovator, raising its global competitiveness.
2. The USA’s Role: High-End Innovation and a Shift in Focus
The United States has traditionally invested in high-end technology, particularly in defense and aerospace. While these sectors contribute to national security and technological leadership, expanding the focus to affordable, high-quality consumer goods and global infrastructure can have a broader impact:
• Affordable High-Tech Products: Developing accessible, advanced technologies can elevate living standards and foster innovation worldwide.
• Global Infrastructure Development: The U.S. could lead initiatives in building roads, ports, airports, and hospitals in developing countries. This would enhance global connectivity, improve living standards, and strengthen diplomatic relationships.
3. The Vision: A Collaborative Global Economy
A shift in the USA’s focus to prioritize consumer technology and infrastructure aligns with a vision for a better world. Investments in areas like sustainable energy, smart cities, and advanced healthcare systems could drive progress globally while also benefiting American businesses.
By emphasizing innovation and collaboration, both nations could contribute to a more equitable and prosperous global economy.
With hindsight, the West has been relocated their factories to India, Latin America and South East Asia, however, the West encountered various problems ranging from political bottlenecks, power outages, water shortages, recruitment of suitable workforce etc. most importantly, China is a world factory come with a near complete supply chain. For instance, Apple and Samsung have experienced the above in India and Vietnam respectively, yet, to mention the “advanced” problems arise in USA and Europe 😢😢😢
Trump can't even navigate an empty room, never mind trade with China.
Peter Navarro will fix everything 😂😂😂😂
From Asia , It is fascinating and heartening to NOTE XI JIPING'S GENIUS AND BRILLIANCE IN DEALING WITH TRADE AND TARIFF WAR .
HE DOES NOT TALK AND BOAST . HE ACTS WITH QUIET DRAMA . ❤❤❤❤😂
USA also has very high EPA regulations, thus costing American Companies more money to operate
When it comes to our health, breathing clean air and drinking safe water is priceless.
That isn’t a good point, without health you are “nothing” and usa standards are lower than most of Europe but higher than most Asia,latin America and Africa
*I really appreciate your clear and simple breakdown on financial pitfalls! I lost so much money on stook market but now making around $18k to $21k every week trading different stocks and cryptos*
You work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires
Most rich people stay rich by spending like the poor and investing without stopping then most poor people stay poor by spending like the rich yet not investing like the rich but impressing them. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable
You are so correct! Save, invest and spend for necessities and a few small luxuries relatives to one's total assets ratio.
Waking up every 14th of each month to $21000 it’s a blessing to I and my family… Big gratitude to Josh Olfert🙌
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down 🤦♀️of myself because of low finance but I still believe in God
謝謝！
Hi Cyrus, I noticed your hair has grown and changed a lot-looks great, congratulations! I’m curious, what treatment did you get and where did you have it done? Would love to hear more!
Go to Turkey.
Technology is not prioritized in america cause if it was we would make colleage free. But alot of our smartest and brightest end up working to survive instead of opportunities to do great. Why cause college is big money.
College in the USA is a mess, it's not focused on important skills the way Asia does things. First you would need to total reform of the US education system which has obviously failed.
@@Ziegfried82
Aren't the "project 2025" Authors planning to essentially CUT education?
American are so patriotic that we will buy homemade goods even if it cost more, hell yeah. Let's be honest guys, if your iphone 17 is $2899 how many people will be buying it
So who will the american eco warrior politicians point at when the factories are back on usa soil? At the moment they can point to China and their factories but when those same factories are on us soil who will tbey complain about?
A portable phone is a luxury, not a necessity. I don't need one and have never bought one. A tumor phone? Never will.
@@davidb2206 Last time I went to the restaurant, I have to order with my phone. When I went to the nroker, he used my phone to verify my ID. Good for you you don't need a phone
Rare earth minerals is found alot in Norway, but due to politics that want to preserve Norway as a pretty country, it will never happend. Companies will not dare to invest a dime to get this rare metals, due to taxes. Wow, western world is very smart....
even if the norway government allows companies to dig dig up these raw materials they'll need to process and refine them which opens another can of worms because these factories generate pollution.
China isnt perfect they are still releasing air pollution via factories etc, but what those people pointing at Chinas factories causing air pollution forgot how their owm industrial movement also contributed to the air pollution before Chinas contributions.
@@hongluong3427 China do fight this issue about pollution. We have huge amount of thorium in my country, and it can give energy for hundreds of years for europe. Will it be mined, no...
@janhansen554 what im saying is who will the west blame now if the western countries start to mine these raw materials because at the moment the west is blaming China for the air pollution even when they have invested billions into hydro, solar and wind while the west is slugging behind.
For example:
• you have a v8 petrol car but your house is decked out with green energy power source.
• me have a ev car but still use gas as my main source of energy
• behind closed doors your home is more eco friendly then mine.
• if i get a petrol car i cant call you out for not being eco friendly.
@@hongluong3427 I thinking we are agree at many points, we just argue at "different roads" V8 engine is very rare in norway
@@janhansen554 yeah
Cyrus, I love your content. I repost it to Facebook all the time. The information needs to be shared.