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@@panchostanza8712 This "President Elon" meme is the opposition's attempt to piss off Trump, divide and conquer. It's immature, moreover, ALL sides are criminal. Stop taking sides, falling for "politics as usual". IT'S THE COERCIVE FORM OF GOVT. THAT HAS TO CHANGE.
sorry but there alignment torussia means they wont be doing shit go ahead decouple detech and let west carry on we might get some pain we have tiawan and south korea they dont
A couple of years ago I went to a building supply to purchase a yard hydrant, a.k.a. bury hydrant. The store plumbing pro told me I could buy one made in China or another made in the US. When I asked him what was different about them he said price. The US made hydrant was almost twice the cost of the Chinese brand. I am patriotic, but also on a budget so I bought the lower cost Chinese brand. The quality was excellent and it has worked with no issues. Anybody paying attention knows these tariffs are going to increase the price of nearly everything we buy. By denying the Chinese access to our high tech devices will simply speed up their own domestic manufacturing. This trade war is going to be a LOSE/lose situation and we will be the greatest loser.
I bought a microwave oven for A$50 (which was about U$33). It was made in China, and it has worked faultlessly for over 6 years. I'd say that was value for money.
No doubt… but imagine this scenario. What if it’s cars… after a decade, china decides to not sell cars to u anymore. There’s no other options for u as Chinese cars are the only automobile available in the market. Will u be willing to pay sizeable premium for your car in the future? Would u like to be completely dependent to a country that’s considered adversarial?
@ You have a good point and I agree that for certain things we need to be able to supply ourselves. We don’t worry about these things with countries we don’t consider to be an adversary. Russia, unfortunately has proven themselves to be a dangerous adversary willing to kill its neighbors to take their property. With China it is more that our egos don’t want to allow them to be a greater super power than us. We should welcome China as an ally if we were ever under an alien threat or even the real climate threat we are dealing with presently. Global threats require global solutions not isolation.
Most democractic government, half of the time is planning for its political survival when crisis looms, or political gain. while China always sticks to its long term development plan.
We stood on the middle of the Golden Gate Bridge in San Francisco years ago when the first cranes were delivered to the Port of Oakland. Their shapes are said to be the inspiration for George Lucas’ creatures in Star Wars. Several years later when the new Bay Bridge was built, there was a racist billboard showing the Chinese flag with the message SHOULD BE BUILT BY AMERICA. The facts are that the contractor was Fluor Corporation who ordered the steel cables only from a Shanghai company because they are no longer manufactured in the U.S. American workers visited the Chinese workers to show union solidarity. By the way, Willie Brown was responsible for delaying the project for ten years.
Sam you are surprisingly well informed about China The U.S. developed modern sensor equipment and the result was it was easy to detect trace elements. One result was benzene was more stringently banned Sand casting vs investment casting- sand molds use glue to hold shape & molten iron causes tiny benzene releases. So in the 1990s the U.S. destroyed their sand casting industry, Pittsburgh became the rust belt, and sand cast parts were made in China, Brazil, Mexico or India Investment castings are made with ceramic molds. Remember who invented ceramics, who made tea cups and China? Investment castings are the highest quality and China has extensive experience
@@BartSantello Not to worry...the great genius Muskrat will use hamburgers to make castings instead and lard to bind stuff together USA is # in hamburger and lard oroduction
I'm an American - and I have no interest in these tariffs. Nobody is pounding the pavement for them. This is all stupid politics that won't solve any problems. They never have.
Which begs the question. If Americans don't want tariffs, why are we invoking them? Is our political system broken to the point that nothing good comes out of it? And if something good does happen, lower inflation, low unemployment, Chips Act etc., and that goodness is not appreciated or rewarded by our citizens, what kind of death spiral of misery or perceived misery are we putting ourselves into? Or is this how real change happens, when everyone is fed up? Time will tell, but hang onto your butts, its going to be a bumpy ride.
@@williamlewandowski129because the American psyche wants to hear that “we did something to China.” They don’t want to hear that China is about to one-up us. Trump basically did it “for the ratings.”
I'm a retired IBM Canada Ltd System Engineer living on my organic rice farm in Thailand. China has taken over SE Asia by dominating the Auto market (low prices and improved quality but most notable is the technology inprovement). Honestly, Detroit and Hamburg can not compete. China also dominates in all areas of Solar here. From Thailand to Loas,Cambodia, Malaysia,Singapore, Indonesia and soon Australia it is to late for the US. Trumps attack on Mexico and Canada will be his down fall. The US once a great country is becoming isolationist. Trump will destroy what is left of the American dream. The country debt alone, along with isolationist economic policy will see a "rust belt" America and a rising China.
China has short and long term plan not just for the country but for each province while the US couldn't plan beyond the next election as the incumbent is worried that he may lose office and next in power will claim all the credit.😆
Destruction of U.S. was in the making for decades. They just tried to delay it by compromising other nations' economies. But that tactic only works so many times before others catch on. Its demise is self-mad, unfortunately.
How can it be the American dream when American companies sold their soul for a dollar by outsourcing to China? The take over of the planet started over 4 decades ago. If you control every country's economy, you control their supply chain and ability to maintain a military effort and defense.
@wwoofthailand I have photos of my parents in Chicago back in the 40s. Behind them parked streets full of American made cars. In the 70s streets were half full of American made cars. Today, very little because the assembly line method has been replaced by a social method of compromise. Parts built over there, shipped near here, and assembled everywhere, there and here. The probable cause was not the lack of genius, engineering skills, technologically integrated machinery, supply chain or economy of scales. It was the need for the fast buck, early retirement on some bought island of tax haven, cheaper labor overhead, and the urge to share industry patents for oneself. All that hindsight only to see a lost industry without a future. Most likely, it began when a group of Japanese students in America disassembled a xerox machine, Kodak camera, Bell's telephone, and television. The charge of the light inside electromagnetic spectrum begins.
The US was banking on their advantage in chip manufacturing to delay China but since they started impeding Chinese advanced chip manufacturing, China has made advances which the West expected would take them a lot longer. The problem the West has is that they can't out-compete China. And it's not because of supposed unfair subsidies etc, it's because the Chinese society is cooperative in nature as opposed to adversarial. The Chinese cooperate with each other at all levels of govt and in the workforce. The US is individualistic in nature. The idea is to wipe out your competition, not to cooperate with them to everyone's advantage.
Yeah by banning high-end chips to China it basically handed domestic chip makers the biggest chip market in the world for free. Previously domestic chip makers had no incentive to do cutting edge chip R&D because why risk massive investment for questionable return? Now they have all the incentives as that segment is given up for free lol. What kind of tool do you have to be to make such a policy OMG I am ROFL. Guess US thought it will impede Chinese AI development? Maybe? but even there it is failing LOL.
Also there's a big difference in intelligence (IQ) and number of STEM graduates between China and the US (in favour of China). On such a large scale of population this makes a huge difference.
I once had a 2011 US-made Grand Cherokee Jeep but it was just an epitome of crap! Their electrical systems were so ridic bad that even a kinder student can design better. Complaints from Jeep salesmen told me the battery not charging, radio stopped working, brake lights short circuited as there were holes to allow moisture in etc. And I paid good money for it too. Lucky I sold it off quickly. Never again! I think I rather buy a Timbuktu made car
Examples of crappy products from USA are easy . . . flying coffins from BOEING . . . sending astronauts to ISS and unable to get them back to earth . . .
Maybe, we are a global consumer ... plus we have high-tech, R&D in healthcare, top education, aviation of all kinds and wealth - more wealth than any other country combined. What is happening now is a bit of redistribution if you will, we are buying from all over the world making others stronger and providing more wealth.
China's been expanding its reach, especially in manufacturing and trade. They control so much of the global supply chain, and if they make any drastic moves, it could really hurt industries here in the US Prices could rise, and businesses might start facing shortages again, like we saw during the pandemic
And it’s not just about the supply chain look at how they’re pushing forward with technology. They’re competing with us in AI, 5G, and even green energy. If they outpace us in those sectors, it could seriously impact our economic growth. They might start leading in innovation, while we try to catch up
I think you're all right. And what worries me most is the potential for long term impact. If China reduces its investments in U.S. Treasury bonds, or starts shifting away from the dollar, it could affect our interest rates and the overall strength of our currency. The ripple effects on everyday Americans could be significant higher mortgage rates, more expensive loans, and a tougher job market
It's almost like we could be heading for another economic crisis if we’re not careful. I mean, I don’t want to be all doom and gloom, but it feels like we need to be prepared for some major changes. We’ve got to start thinking about how to navigate this uncertainty
It’s going to be challenging for everyone, individuals, businesses, and even the government. I wonder if the average person even understands how much this could affect their daily lives. Imagine all the industries reliant on Chinese goods suddenly having to find new suppliers. Prices for everything could skyrocket, and people’s savings could shrink fast
but this is exactly where people need to start thinking smart about their finances. Like, instead of just worrying about what's coming, we should be strategizing. You need a solid plan in place to protect yourself whether that’s diversifying investments, cutting unnecessary expenses, or building up savings. Honestly, this might be a wake up call for a lot of people to get serious about managing their money
U voted for it u get what u wanted and most American living in the bubble and some of the American never left small town and a little known outside of America ur president election was joke
@@RafeCruise Farmers know they’ll be further subsidized, just like the last time Trump tariffs backfired. 92% of the tariff revenue collected went straight to big Ag. Welfare Queens
My company imports iron & alloys of steel parts used for pumps in petrochemical plants We manufacture 100% in China. Trump’s 25% tariff forced us to increase prices by 10%. Additional 60% Trump tariffs will force an 50% price increase No US company can tool up without some assurance the Trump tariffs are permanent. And who wants to build a new factory which depends on 85% tariffs to stay in business? We will increase prices and some petrochemical factories will go out of business As EVs cause market disruptions for ICE cars, Trump tariffs will pressure petrochemical manufacturers to close
Even if someone thinks that it's a good idea to start a factory, it's not instantaneous. It will take years, if not decades to build industries. What are the expectations in the mean time. Where are these parts, resources, oil, food supposed to come from on day 1 when they artificially inflate the price of manufacturing and the price of living? Will existing manufactures relying on parts survive while they wait for these new supposed factories to pop up and supply them. Sounds like a horrific idea but its imperative to support your political party no matter what.
@@darpompie4354 Wall Street and politicians don't think in years or decades. They think in quarters and the next election cycle only. Limited manufacturing is coming back to America and only with the help of subsidies. Something America accuses China of doing regularly
Those politicians who think that tariffs are a good idea are not doing it for the good of the people but more for satisfying their ego. "I have the power" is more in their thoughts than "What can I do to make the life of my people better. "
Yes, even if we had the raw materials to use there is a shortage of the skilled labor needed to actually finish the systems inside the building after lesser skilled labor gets it done. I'm a retired pipefitter/welder and we couldn't find enough people that wanted to learn the trades back in the 2000's. It's worse now and even if we start training now it takes a few years to get to a level where they can be handed drawings and left to Get er done.
And the leaders have no vision but are limiting the markets for their products. Unfortunately, the people loves to elect showman instead of statesman to lead the country. 😅
Let's hope China doesn't impose these tarrifs on BRICS countries. We watch and see. USA aided China in development of industrial manufacturing. Now the tide is turning.
In my simple mind, China holds the ace. Assume for the moment that China and the US end up having absolutely no trade with each other. . . I'll place my bet on the one with a population that's several times larger than the other.
Not only the population base but the supply chains and manufacturing capacity. Trade with Africa, the Middle East, SE & central Asia, Mexico & South America are actually increasing and will develop further over time. BRICS countries are now trading with each other, outside of SWIFT, among their central banks. So trade volumes are no longer transparent to the US.
You wanna bet? CCP has more people over 50 years old than under and is in complete demographic collapse. The USA is not and just imported a few million workers and is totally energy independent whereas China is not, buying much of its energy in the form of coal from guess who?...Aussies. So, you fact is, energy is the Ace not population. The USA has strong relations almost everywhere whereas the CCP does not. Just look at the phillipines, vietnam and japan for a few examples where the majority of the population has an overall positive view of the USA and an overall negative view of the CCP.
Not just that, Chinese people are used to austerity that comes with a trade war. Americans can't even spell austerity let alone live with it. America has become complacent and arrogant. It's classic Sun Tzu to strike now as America leans in.
This lose-lose scenario is SO counterproductive for most of us little people. Negotiation for a win-win is better! We have LOTS to offer and sell, and LOTS we'd do better to buy than make. It's basic Int'l Economics 200.
Depends on the trading partner. We need to trade with countries that have a compatible and similar economic and political structure. That’s not China. They’re not a reliable partner. It’s time they stopped pretending to be a developing country still and begin to grow their domestic consumption.
@@ClownCarCoup Chinese consumption already is more than any other country in 2024 per the World Bank. The problem is in the West which is insolvent because it only consumes and doesn't save. Savings is the foundation for investment and production, which the West has little of anymore. Unlike in the past when the West saved and was productive, strong, and the world's top creditor instead of the biggest debtor.
@@ClownCarCoup The west is so deep in debt now that it's literally insolvent and weakened like any big debtor. The US used to be the world's biggest creditor instead of the world's biggest net debtor. Today, china is the world's biggest creditor nation and the most competitive, powerful country in the world.
@@ClownCarCoup The chinese consume plenty but save even more. "The US is now a poor country that thinks it's still a rich country. China is now a rich country that thinks it's still a poor country." - Ray Dalio, multibillionaire investor and Founcer/CEO of the world's most successful hedge fund.
@@davidrichards1741 China consumption per capita isn’t close to the top. Are u lying or ignorant? If their system is so superior, why are they ( and you ) squealing so loudly about the coming era of reduced trade? They don’t need the West, right? Right. We both know that isn’t true. Central planned economies like China’s are not compatible with democratic capitalist economies. They’re both better off decoupled from one another.
The US should accept the fact that China is rising and developing fast , and instead wasting its energy to hamper China's advance, it should look into its own strength and innovate
The US has never really recovered in it's exports of agricultural products since the first Trump trade wars. Just this week, Congress was looking a renewing $billions in subsidies to farmers that are meant to compensate for those lost markets. In fact, payments to farmers during the first trade war consumed almost the entirety of what the tariffs brought in (which, of course, was ultimately paid for by American consumers).
And yet those farmers keep voting for Trump because they got their compensation & still believe if he punishes imaginary enemies that their farms will magically become viable again.
Our farmers are getting destroyed. it is terrible. If this continues we are going to have runaway inflation. If you go to most other nations outside the West inflation is not a problem. Food prices in most of the BRICKS nations outside of Russia is going down.
@@arewethebadiesInflation is desired by your govt to show GDP growth. To put it simply - Let's say apple consumption is a measure of GDP. If you consume 100 apples last year that cost $100 then your GDP is $100. If the price of apples inflated to $1.2 a piece, then this year even if you consume only 90 aplles, your GDP will be $108, and your GDP has magically grew 8%, even though you have actually eaten less. Ever wonder why the public is suffering and trying to make ends meet while the US GDP has grown from $23 trillion to $27 trillion in the last 3 years? INFLATION!
We need all those cheap products from China. The quality of most of their products seem to be getting better and better. Its value for money. I am now shopping at Walmart more than before.
中国拥有所有质量的产品，工厂可以根据你的价格，出售对应质量的产品。如果你觉得中国制造质量不好，那是因为你们进口了低价的中国产品赚取非常大的利润。同样的价格，中国制造的质量是最好的。 China has products of all qualities, and factories can sell products of corresponding quality according to your price. If you think the quality of Chinese products is not good, it is because you import low-priced Chinese products and make a very large profit. For the same price, the quality of Chinese products is the best.
Not only the cheap products but also pushback against the religious fanatics and Randroids that have come to dominate American politics. If China is succeeding and US heading downhill Americians will be forced to evaluate the electoral choices they have been making to hopefully become more moderate rather than empowering greedy tyrants trying to dominate the world.. Instead of the rich that already control too much wealth, America should be helping its poor. Instead of trying to control the world, it needs to accept it is just one nation among many.
It's all been known for quite sometime.. you can see which state officials often visit their respective countries... Chinese officials very rarely visit the US and Europe, but on the other hand the US and European officials very often visit China... I'm sure it's not for vacation.
You need to see the purpose of the visits. They all come to China force China to take more USA debts or... And when China say no, they ban more stuff and come back to push the debts again. No means no, that's enough, you pay your own credit card debts.😂
Trump economic policies could certainly lead to significant economic consequences for the U.S, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone can do
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. She understands the unique needs of older individuals and can provide valuable guidance.
Personally, I don't know how anyone can not have the basic knowledge of their portfolio balance. Basic .ath here. The stock market is up about 21% since 2021, and US inflation is down to about 2.5%. Your portfolio should have substantially increased like the rest of us.
@@Pconradsmithsomething fishy a out your exchange. How did you know the person that you are engaging with had a female advisor? I have seen this type of message exchange before. It is set up by the person trying to increase their business by pretending to be the average concerned consumer.
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years in another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with Tracy Britt Cool Consulting my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool Consulting. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Tracy Britt Cool Consulting but only by her reputation at Berkshire Hattaway; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
Well her name is 'Tracy Britt Cool Consulting'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Great share! Out of curiosity, I searched Tracy Britt Cool Consulting online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
Tracy Britt Cool Consulting has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
China has been preparing since years ago. This round China will definitely hit back. Many sectors in the US will be hit extremely very hard, not limited to only EVs or energy sector.
China has many many tools to hurt America even in 2018 They just don’t believe in zero-sum game type of thinking With that said this time around they will make it very uncomfortable for Americans Without crashing the US economy
Who cares? The global south will trade among themselves and decouple the sick West from themselves (to avoid being struck with another pandemic, this time economic).
@mdmasudrana117 Bide their time doesn't mean forever without limits. China will retaliate only after careful considerations and thinking and has already retaliated. Latest ones are the rare earth minerals.
Sam is so versatile and brilliant in his understanding of the NEV and ICEV has now ventured into world's trades and geopolitics. Sam should be made a trade minister instead. How does Sam find time to do his research & producing thousands of his excellent videos, one wonders? He's an amazing guy. I may not agree with everything he says but he's the nearest to an unbiassed reporting journo. ❤from indonesia.
If the US spent its dollars in improving the economy rather than spending it else where, Trillions, down the tube, it would not need China, and it wouldn't be the most indebted country in the world. You only need to go to China, to see what that government has done in the last 30-40 years and yes, a communist government at that. From 2008 to now 46,000 kilometers of fast speed rail that is about 60% of the total fast rail in the world, they are the best at that and are also the best at building infrastructure all around the world and yes even in the US where they could not get anyone but the Chinese to refurbish their bridges like the Alexander Hamilton bridge, for a fraction of what US firms quoted. It is not a perfect country but my feel having traveled there is that the people have a great sense of pride and rightly, so their culture is rich and spans thousands of years, they are pragmatic and will take on any challenges. Thakyou Sam, that was Deng Xiaoping, that you showed he past in 1997, at least his from the same country.lol
@@vincam4674 , the Chinese not only refurbish the Alexander Hamilton Bridge. In fact the Chinese had also completed rebuilding the San Francisco Oakland Bay Bridge that was destroyed by an earthquake. Google to know.
@@panyaboonc5621 Whenever the Chinese does something beneficial to the U.S., they'll refrain from acknowledging it. Any achievements made by China will be studiously ignored by the Western mainstream media. In fact the U.S. government has just approved U.S.1.6 billion over 4 years to spread falsehoods about China, to smear China, to make false claims there are human right abuses and forced labour in Xinjiang (repeat it a million times and it becomes established fact). When Australia thinks of building highspeed rail, it will only consider Japan(Shinkansen), South Korea, Alstom or Siemens or Spain, but never China. It is happy to pay thrice as much and for twice the time to complete.
We are so reactionary in the US, trying to solve problems immediately. China just takes its time and figures it out eventually. They solved poverty. Once they figure out the services sector for their growing middle class, it's game over.
It's too bad nobody has been able to solve one of mankind's deadly sins...greed. China has been able to "ahem" borrow western technology and modernize rapidly. Quality control is compromised by corruption...many projects built substandard and falling apart just a few short years old. I visit China every 4-5 years, i have reluctance on riding their fast trains, driving through their 3 1/2 kms tunnels and now even eating in their restaurants. Their banking system has crumbled, citizens can't reach their savings and their housing is in shambles, many stuck with mortgages underwater and now no job. Millions of new university grads with no prospect, outrageous bride pricing and dowry expectations...no family formations and destruction of their middle class. No, it will take generations to undo the disaster that has overtaken China wrought by the CCP policies. No help from the rest of the world, since we're in the same boat, trying to stay afloat.
The USA swings wildly politically and now we are obsessed with topics that don't matter. Mass distraction by extremists on both sides of the aisle while real issues are not discussed or debated. Throughout the very long history of China the quest has been to unify an enormous country. The communist/capitalist hybrid they have now certainly has allowed for economic expansion. As they continue to work around America, the pain of failed politics in the USA will become all the more real. Maybe if Americans understood how the "delete America" strategy came about and will only accelerate under Trump, we could learn that isolationism is death in the 21st Century. But that won't get as many clicks as who gets to us what toilet. So sad.
That's the essence of true capitalism and free-trade; but US inc has abandoned those principles which have once made them a great nation a long time ago; now they rely on the printing press!
As a Chinese, we want world prospects together no matter what lies you see from Western media. USA is super hostile against China these few years, China has no choice but falling into a defensive position. No normal human wants any of this
It is rather CORPORATE AMERICA which has caused great pain to America and its people out of insatiable Greed by outsourcing industries to China and other developing counties !
I agree with you. Its root caused is CEO reward system. I remember NASDAQ CEO was rewarded by $1B many years ago. CEO outsourced manufacturing jobs to overseas to boost stock price, resulting in huge award to CEO.
The main reason was not cheaper labor but solving the problem of pollution by "exporting" it to less developed countries to concentrate on the services/financial sectors. With the re-industrialisation plan, it seemed it was not the right strategy. The West should have invested in clean renewable energy and cleaned up its most polluting industries instead of relocating them to other countries.
Mexico, Vietnam, Egypt, Turkiye, Brazil, Thailand, Eastern European countries like Hungary, Slovakia, Romania, Poland, Czechia and Serbia, Malaysia, Brazil, Ethiopia and Morocco as we check where manufacturing companies settle
Some label you as pro-China, and Chinese-biased. However, I can't find any other argument than yours, and that's true. Just look at the numbers and facts. The Europeans and the Americans seem to procrastinate or sleep off mornings.
There is nothing shown on this channel about Chinese debt dwindling consumption, overinvesting in infrastructure, zombie companies addicted to subsidies, banning competition...China has many more factors pointing downwards than upwards actually.
“What happens to US companies that can only sell to Americans?” They turn into the American version of British Leyland. Shielded from international competition, quality drops and innovation suffers.
Tariffs on solar panels. Just like our government. Figuratively push on the gas and brakes at the same time. Totally incoherent policy which CANNOT work!
Insanely the US is going isolationist at the exact moment that china is going maximum expansion. Its already well underway in africa and south American. An example is Brazil strengthening beef exports to china while US beef exports to China fall. This is happening across all developing countries with china taking over factories to bring its superior hybrid and electric car tech to hungry consumers who want the lower prices of a byd or great wall motors
Like most empires that have declined over the centuries, it is self inflicted. The US is doing exactly the right things to speed up its decline. Probably a good thing for the world, and the US, in the long term. It is time for a change.
If u are an Aussie you will simply happily watch changes unfold as things will benefit your continent either way. As Canadians, especially as Chinese Canadians, we are stuck in a really stupid place. We get brain drain, business drain from both US and China and yet we don’t get to pick independent stance politically.😢
"yet we don’t get to pick independent stance politically."😢 How do you want to pick your independent stance politically if your security depends on others? He who pays the piper, choses the tune. Who pays the big chunk of NATO and NORAD of which Canada depends? Reply
Ha ha. China will eventually take Australia over. Australia is in their sphere of influence. He is white, and will never get a job once China takes over . He hope he move to another country, or work as a servant to some Middle Chinese living in Australia. That is the future.
Professor Richard Wolff has an excellent video on the effect of the US introducing tariffs on imported cars/vehicles etc. It backfires on US businesses and consumers.
This is one of your best programs ever! Great research and a view from a different perspective. Last time we had Trump declare a trade war China immediately opened up new supply streams from south America for it's soy bean and grain supply. The Biden administration did expand on shore production of certain prime compnoants but like you say, it's the little things like swirches that are absolutely necessary for stuff to work. Do you know where I can stay? As an expat Englishman I have always like Austrailia. Ok, maybe New Zealand attracts me more? (Sheep, LOTR, etc.). How's your wife doing?
With this split between the West and BRICS cost of living will rise for westerners. In this global war people are going to suffer not for the leaders but ordinary people.
@@harold18659 unlikely. All BRICS nations are poor and rely on the west to sell all its trashy goods. They have nothing we can’t produce better ourselves or buy cheaper somewhere else. BRICS needs the West not the other way around
I am a Chinese, although I like to see china to thrive, I definitely don't want America to lose. I like America's technology and innovation. together we are stronger.... 🤝
"if all of a sudden the United States banned everything made in China", This will lead to a 10 year delay in modern technological development. Meanwhile the electronic kits are so good and cheap. I will go to Beijing next week and stay for 3 months. Can you imagine? High speed internet wifi box, (can connect up to 10 devices) for only 99Yuan and that available for 6 months. That's around 13$. My Huawei Watch , I use for all public transport , pay everywhere in China. Supermarket, cafes etc. Smart locks, building access, etc. with the Apple Watch can not. My advice: "your horse will take you very far if you ride fairly 🏇 and do not abuse the spurs, otherwise the horse will throw you off and gallop away, then you will remain alone in the desert"
@@ClownCarCoup Anytime Americans are confronted with new information, they think its some 'Chinese propaganda' This very approach is exactly why the U.S. has fallen so far behind and the only way you can compete is to tariff and cope.
I'm American, and the trajectory of my country truly frightens me. Per your video, many of us Americans think we can hit China by tariff and/or decoupling, when all it does is it galvanizes them to completely throw off any dependency on the West. But let's say clearer mind prevails and we do a 180, we still have a chance to work with them in a win-win scenario, might even dictate some of the terms to our favor... afterall, we still have the technological and financial upper hand as your video pointed out. Most importantly we still control the value chain. For all China's control of the supply chain, they still only take home a quarter out of a dollar while we take home 75 cents for the stuff we outsourced to them for the manufacturing (unfortunately that 75 cents don't go to the ex-workers whom we ourselves laid off or the gig-workers we replaced with, basically all the indentured servants by any other name. All that 75 cents just go to the rich, the powerful, and the connected). But if we give up this leverage in service to some political expedience and unrealistic machismo, we are literally goading the China to work toward controlling the value chain as well... which they are already are doing right now! (just look at all the Chinese EVs reviewed on your channel! And the drones, and the high speed rail, and the green energy, and the integrated new appliance, and so on and so on) And when that happens, even we switch gear and offer an olive branch, why should the Chinese take it for a lesser deal when they hold all the cards? There might be new markets around the world rivaling ours, say in SE Asia, Central Asia, South America, Africa, the Middle East, part of Europe that refuses to be a vassal state to the US, Russia in whatever future configuration, and especially India? What leverage would we have left other than the military... but even that might be questionable. Fact is: We Americans have been brainwashed far too long thinking we are the exceptional, that we are going to stay on top forever. But if you crack open a book on world history for just 30 minutes, that just ain't so for anyone, empire or republic. If we go down this road, and the light finally dims in what, I don't know, 30 or 20 or even 15 years, my only concern is: Will it be a quiet long decline like the UK (but hopefully with more dignity), or we gonna let loose some crazy man with a thumb on the nuke, or descend into a Hollywood style nightmarish civil war?
Unluckily, the US government lacks of sane thinkers like you. Also, FYI, for the entire written human history, China has always been the most powerful nation on the planet, except for the recent 200 years. So it’s a delusion to think the US can stay on top forever.
Its a pretty good essay, just falls short. The problem is, US thinks its still the 2000s and doesn't realize it no longer dominates world affairs unilaterally. It is straight up heading to Vietnam style economic humbling from the BRICS. Now only if even the G7 vassals abandon US will it go down crashing hard. You have also kindly reminded us of the political polarization, that might very well lead to a civil war in the midst of a horrible economic crisis. The only way US comes out better than UK post-WW2 is probably to stop unilaterally dictating everything and gradually strengthen multi-lateral institutions which impede any one big power to have too much control by 2040s-50s. Unfortunately, US-led world order is actively obstructing our human potential. Total control over the global currency allows the billionaires to flip the table whenever they lose to a genuine competitor(say Japan in 80s). Money could be spend far more productively to advance and further optimize manufacturing and resource extraction, which will prepare us for the Space Age. Instead that money ends up in pockets of some ultra-wealthy capitalists who just want to buy more yachts and blow money on highly speculative assets. Now, even if somehow China's growth falters badly for a few years and the US is able to slow down its decline, there is still the India question. It is actually another sleeping giant. As an Indian, I was flabbergasted when I compared the economic trajectory of China and India a few years back. India barely holds its diverse regions together and is constantly in the state of policy paralysis and still we managed to bypass western sanctions to develop critical missile and space technologies, along with our own Nuclear arsenal. Now for the real jaw-dropping stat, India's economy will very likely cross the 7 trillion USD mark by 2030(IMF), which is what China's economy was worth back in 2011. And given that China's economy slowed down to 7% in the mid-2010s, India will easily grow with a similar pace post-2030. If India continues to maintain a economic boom, it very well might be close to the size of US economy by 2050. There you have it, another big market right there in Asia to insulate from US trading losses. India's existence as a rational military partner as well as a democratic power, will weaken US power(its no longer the exclusive leader of the "free world"). And if US continues its selfish protectionist path that Trump is going to put US on, France and Japan would be more than happy to strengthen ties with India which also benefits their own economies. The US-debt has a countdown of 10-15 years after which it simply becomes impossible to force the entire world to use USD and thus export the inflation around the world. If the US instead is stuck in a financial crisis, I think it would end up worse than Japan. Because even if Japan has a much higher debt, it has actual productive capacity to produce quality goods. Japan still is a technology leader and still ranks in top 3 of economic complexity rankings.
As an American who's lived outside the us since 1995 , I agree, most of us have been brainwashed in "the American exceptionalism" dogma for years.. Guess it will take another trump term to make (especially the badly educated) realize they were lied to... Not going to be pretty, and I for one am glad I'm not in the us to find out what a people with more guns than actual people will do when they find out
China has already raised tariffs on the Euros and declining to buy American goods, US farmers will bleed as China goes to their BRICS mates along the New Silk Road BRI 😂😭😂
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If American were to put 100% tariff on Chinese products that would effectively put Walmart at a business. No tears for that, but just think of all the products that we would not have in the intermediate term.
Even hardcore US allies are trading heavily with China so it's not 75%. Almost certainly, it's at least around 90-95% or more even without the US market. China will keep growing faster.
Tariffs and retaliation would increase the manufacturing costs up. While tariffs might protect the domestic manufacturers for a short while, the products thus made are less competitive in the 3rd party markets. In the short term, both sides suffer, the long term consequence is not that bright for the tariff imposing countries.
What I'm curious is if the current generation even wants to do industrial works. So you might have factories that can't hire enough worker to run the factory. so either the manufacturing is handled by migrants, robot, simply not doing any production. In a sense the same people will still have the same problem of having no jobs, because it's not a job they think they are entitled to.
Last thing Australia needs is a repeat of the Morrison government acting as the USA’s lackey, which resulted in tariffs slapped on Australian goods by China. Angus Taylor does not have a great record on EVs, nor renewables in general, and it wouldn’t surprise me if he decided to follow the US lead on tariffs on EVs, even though we have no car manufacturing in Australia. Renew Economy is a good place to check the shadow treasurers record.
The Chinese have been working on the Belt and Road project for ten years and now have a network of rail and road routes that cover most of Asia and this insulates China from any US actions.. Thr BRICS countries also encourage trade amongst many other nations that might be vulnerable to US pressure.
The US is going to try to pressure BRICs countries and those considering joining BRICs to place sanctions on China. Other than NATO states that are puppets, unlike the cold war it won't work this time. The difference is economics. China is not the Soviet Union. Despite call itself "CCP" it's not communist anymore. It's a mixed economy. Its military does not interfere in the affairs of other nations like the US does and Soviets used to do. China just trades with other nations. This means China's economy and reputation are very strong in the world and will continue to grow. The main issue with China is the lack of multiparty elections. It's not tyrannical like North Korea but reforms in the CCP need to take the next logic step and join the rest of the world with true democratic elections. The lack of multiparty elections will be used against China in coming new cold war.. .
Just look at the ILA negotiations now with the unions. Read their arguments about not wanting automation in port. You can see how the future is for the country.
China does not have to target US. She just has to continue retaining her current internal and " friendly " markets to stay stable on the fiscal graph notwithstanding sanctions. Indifference with self reliance is more favourably consequential for a vast country with indigenous resources, markets and opportunities.
The world is waking up to how the US rules by mafia threats and voting with their feet to join the BRI and BRICS+. US has no real fiends only frightened vassal states and the little g-side liability. which controls its foreign policy.
Global south/majority (developing countries) - 88% of the worlds population, what kind of vehicles can they afford? $50-60k legacy models or $20-25k chinese models? China sees US as gravy on top of gravy when (not if) their cars land in america. Global south also sides with China far more the America.
And not forget, there are other things. Just check grain and meat. Grain import from Russia is growing and meat from Brasil to. Oil and the middle east is another story, even Venezuela could raise production up to nearly 1 Million barrels. All without dollar, so the US cannot analyse as precise as before and farmers (and traders as well) get in trouble. BRICS-Trade is beginning to work more and more for the benefit of those countries.
58% of every trade is done still in dollars. The USA is by far the biggest importer of Chinese goods, that stops they collapse no matter what this dope says. Much of those jobs can and will be automated and built and sold in America.
Thanks for the clear assessment and detailed numbers and percentages. Most people addressing this issue misses that. I for instance heard now for the first time that only 2.2% of china's gdp comes from sells to the US, down from 8% in 2007 (which was already very small I may add)
Its due to the rise of ASEAN countries. More Chinese trades with ASEAN than with US now. Been like this for a few years now. Few failed to understand that lower cost goods have been good for the US - it has allowed American to buy more goods for the amount of money they have - ie. allowed them increase their standard of living. So increasing tariffs will increase the cost of goods, increasing inflation and thereby reduce the standard of living for American. In any case, its not about trades. Its about concerns that China will become as strong as the US. That is the real issue: The US wants to remain as the ONLY superpower.
When Americans were buying primarily American made goods, those were considered good times and the economy grew. Problems began when we started buying cheap Asian stuff. If China wants to take it toys home and leave the American market, U.S. companies will start picking up on making many of those lost goods.
@@AQuietNight That's an illusion. US dominated after WW2 because most of the infrastructure and factories around the world were destroyed - as such, the US dominate most of the global market, had lots of trade surpluses and lots of growth. As a result, American corporations made more money and some of them were passed onto US workers as higher wages. However, as the economies of countries around the world recovered from WW2, their industries started producing goods and selling them cheaper than US ones, knocking out the US market. Started with EU countries, then Japan, South Korea, ASEAN and China. That has been the natural progression of the world. Further, given the higher wages and cost of living the US, it could no longer compete on low technology goods anymore. So the US moved up the technological and innovative ladder hoping they could continue to sell high end goods, such as chips and computers (refer to Apple, Microsoft, Google). But that is now under challenge too. The US had wasted more 8 Trillions in wars, in the last 2 decades, instead of investing in their future technologies, to stay ahead of the game. And as a result, it has allowed their competitor such as China to catch up (almost). That is why you are seeing desperate attempts by US Gov (regardless of political parties), imposing bans on chip technologies and AI.
@@AQuietNight I was around then. The good times were based on paying workers decent wages. The only time American workers had decent wages was when the unions were strong (1940-1980). Even then their bosses were watering down quality. First the bosses moved jobs to the union-busting South. Then to Latin America, Korea, Taiwan & Malaysia. The corporations & the investor class hate American workers & refuse to accept that cutting their pay means they can't buy goods. That's why we have financial crashes under neoliberalism like we used to have every decade before the New Deal.
@@AQuietNightThe problem started when the greedy corporations needed more growth and more profit. The factories went abroad because it was cheaper. That is capitalism. The system Americans seem to love. If the government has to intervene in industry, then it pretty much proved free market capitalism has failed.
@@vanhocwong6689 "That's an illusion" It was a reality and China wasn't needed for it. Two things: China sits on it's currency, the U.S. protects the value of it's currency. The U.S. should allow the dollar to drop in value. Actually, Europe should do it too with the Euro. In the world of tomorrow holding a high value currency is like fighting with 1 hand tied behind your back.
You may call China is a dictatorship. But this is precisely why it's so efficient in getting things done without adversarial governance. There are no organized labor or unions to disrupt production and services. Isn't it quite apparent that China has outpaced the US in every aspects of economic development ?
What does the US make that the rest of the world wants, this isn't a dig at the US its a genuine question. I'm in the UK and I can't think of any US made products sold here except Tesla.
I must say, the wisest thing that should be on everyone's mind currently should be getting involved in the digital market, I remember when was jobless and faced with many financial problems, but as I started the digital market,my life changed from a jobless person to someone who now owns a house, and I still earn $96,000 after 28 days of trading,and my life has changed for good. AWESOME GOD
American greed can be blamed for America's downfall. When companies in America outsourced production to Asia, CEOs were more interested in making themselves rich than in considering the future consequences. 🤔
It's interesting that the actions of both sides are saying that the free market and level playing field are failed concepts. The USA is to abandon the free market and put in place tariffs. This is the government interfering in the free Market to assist industry. This is a form of government planning. China has identified that the best way to advance is to have the market guided by the government, planning and picking winners of future areas of growth. Both in their own way are saying the free market cannot deliver the best outcome and the government must intervene.
Even in Japan, back in the day the industrialization happened because the Japanese government was actively creating public companies for the necessary items necessary for industrialization. The same story with Singapore where most of the country's most essential companies are owned by the state, from heavy construction to transportation.
@@bryanmurphy3328 tariffs are a tool used to get China to rethink its corrupt trade practices of the last 50 years. Trump is not try to eliminate free trade, he is using the tools at his disposal to reign in corruption
At a $7.25 minimum wage for the last 15 years which has been very successful at holding down non minimum wage pay, it is not an easy country to save in. An exception would be the fortunate few who have a generous 401K tax deferred match from their companies. This ability to access 401Ks should be made available to all working Americans. We need to start helping our people if we ever expect to get out of our national malaise.
A lot of countries in Europe are farm goods exporting. Especially in the EU it became therefore necessary to impose QUOTAS to each country how much it is allowed to supply to the markets. We do not need tariffs or trade wars but designed-, calculated and imposed regulations.
I think the best ending for Ford or GM would be like Kodak, 7% of its former glory, still profitable, much less global presence, barely avoided bankrupcy in the process of shrinking. That holds true for most companies if they cannot maintain technological lead and yet had to pay top salaries to workers.
The US doesn't want for the rest of the world to know the true low cost of manufacturing. China can manufacture anything just as good or better than any other country in the world and sell it for a profit, and at a price 40-50% lower. Now, if Chinese goods are of lower quality, it is because those are the specs and lower quality raw materials given to them in order to assemble the products. These "specs" and lower quality raw materials were given to them by ALL the multinational corporations that set up shops in Asia. Everything given to them for manufacturing has been designed to ONLY LAST PAST THE WARRANTY PERIOD on a good day. That's how the CEOs, mainly Western, control and manipulate lower quality products, at the same time that they HYPERINFLATE prices for the consumers. That's how they pay themselves $20 million anual salaries plus bonuses. Finally, China decided to start decoupling free from Western corporations and their CEOs. It was just a matter of time for this to happen.
Most democractic government, half of the time is planning for its political survival when crisis looms, or political gain. while China always sticks to its long term development plan. But if one bad leader replace the good one in China, whole nation will be doomed. Hope current China sees this and continue improving its political system and paved way for good leaders with good calibre with no absolute power. At least it is better than democratic system now
There's too much checks and balances for a bad leader to take power in China. That is the benefit of a meritocratic system which is infinitely superior to a popularity contest as practiced in the West.
@@Sendu7 Its the quality of the leadership and the system which promotes the leader which counts, Neither gameshow popularity contest or a military coup often western backed.
Among Australia's unsung critical minerals are gallium and germanium. Like many critical minerals, they are not typically mined directly but are by-products of the processing of other minerals. Both minerals hold significant growth potential for Australia, despite the country's current limited production.20 June 2024
The US putting tariffs on Chinese EV's is stupid. It only hurts US consumers who are denied affordable Chinese EV's. Protectionist tariffs are an absolute failure because it invites retaliation.
Markets in Asia, Africa, South and Central America as well as in Eastern Europe have and will evolve now...which will bring the US to it's senses. China is so farsighted to understand stand that if nobody has the upper hand nobody can abuse such a status. While the US and western Europe constantly violate the sovereignty of other countries they also try to do so in China and challenge its sovereignty as well as territorial integrity...as well as they try to meddle between Asian people. All I have learned from the US and western Europe is that they have committed heinous crimes in the past and now try to intrigie between countries so they don't have to attack them but to achieve that these countries weaken themselves by falling for this meddling. This reaches its peak with Russians and Ukrainians as well as Israelis fighting Palestinians...in vicious circles...that can only end if the fighting parties realize that a third party made them fight...
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We don't buy things from China.
Striking back at Trump means striking back at President Elon
@@panchostanza8712 This "President Elon" meme is the opposition's attempt to piss off Trump, divide and conquer. It's immature, moreover, ALL sides are criminal. Stop taking sides, falling for "politics as usual". IT'S THE COERCIVE FORM OF GOVT. THAT HAS TO CHANGE.
sorry but there alignment torussia means they wont be doing shit
go ahead decouple
detech and let west carry on
we might get some pain
we have tiawan and south korea they dont
canada and eu has tarriff on cars
they wont sell none to any big market
and mexico better be careful
I love that you cover topics that almost no one else is covering. Stay awesome
Better if he knows what he's talking about. ruclips.net/video/9LPnlEVeLAY/видео.html
Literally everything he's talking about is from articles from main stream media. It's just you don't look at any of it.
@@lengererignore him. The fact he could paste a link could be indicative of embedded CIA op. U post a link, it would get deleted.
@@BillJohnston-y7o Where did he get the 8% of China's exports go to the U.S.? It was actually closer to 15% in 2023.
@@csr2120 GDP. Not exports. A lot more of their GDP is non export dependent domestic activity now.
A couple of years ago I went to a building supply to purchase a yard hydrant, a.k.a. bury hydrant. The store plumbing pro told me I could buy one made in China or another made in the US. When I asked him what was different about them he said price. The US made hydrant was almost twice the cost of the Chinese brand. I am patriotic, but also on a budget so I bought the lower cost Chinese brand. The quality was excellent and it has worked with no issues. Anybody paying attention knows these tariffs are going to increase the price of nearly everything we buy. By denying the Chinese access to our high tech devices will simply speed up their own domestic manufacturing. This trade war is going to be a LOSE/lose situation and we will be the greatest loser.
I bought a microwave oven for A$50 (which was about U$33). It was made in China, and it has worked faultlessly for over 6 years. I'd say that was value for money.
💯👏❤️
No doubt… but imagine this scenario. What if it’s cars… after a decade, china decides to not sell cars to u anymore. There’s no other options for u as Chinese cars are the only automobile available in the market. Will u be willing to pay sizeable premium for your car in the future? Would u like to be completely dependent to a country that’s considered adversarial?
@ You have a good point and I agree that for certain things we need to be able to supply ourselves. We don’t worry about these things with countries we don’t consider to be an adversary. Russia, unfortunately has proven themselves to be a dangerous adversary willing to kill its neighbors to take their property. With China it is more that our egos don’t want to allow them to be a greater super power than us. We should welcome China as an ally if we were ever under an alien threat or even the real climate threat we are dealing with presently. Global threats require global solutions not isolation.
@@KuahChoonHianthat is a US manufacturer issue, not a China issue. US auto screwed the pooch and failed to innovate, that is in them
Preparation vs. Impulsivity. China operates on 10 year plans while the US can't plan more than a month ahead.
@@MH44444 China operates on tofu drag construction that just collapsed. It’s GDP is fake just like its leaders
That's because we are a democracy and don't even agree on what the plan is.
@@EVVolksmanID.4 Or that a plan even has the right to exist.
China spent 1400 years building a canal I’d say they plan ahead
Most democractic government, half of the time is planning for its political survival when crisis looms, or political gain. while China always sticks to its long term development plan.
The US says to China: "We will not sell you any more bread".
China responds: "OK, we will not sell you any more flour and we will make our own bread".
China is winning the long game. The rest of the world can also see this.
port cranes and garlic are new national security threats...these people have gone insane🤣🤣🤣
Reason: Vampires hate garlic.
We stood on the middle of the Golden Gate Bridge in San Francisco years ago when the first cranes were delivered to the Port of Oakland. Their shapes are said to be the inspiration for George Lucas’ creatures in Star Wars. Several years later when the new Bay Bridge was built, there was a racist billboard showing the Chinese flag with the message SHOULD BE BUILT BY AMERICA. The facts are that the contractor was Fluor Corporation who ordered the steel cables only from a Shanghai company because they are no longer manufactured in the U.S. American workers visited the Chinese workers to show union solidarity. By the way, Willie Brown was responsible for delaying the project for ten years.
Next threat to west from China are underwear Chinese made.
makes sense that the government are vampires... they suck money out of us like a vampire sucks blood out of its victims.
Chinese port cranes are very advanced and require much less labor than others. Longshoreman unions caused the sanctions
Sam you are surprisingly well informed about China
The U.S. developed modern sensor equipment and the result was it was easy to detect trace elements. One result was benzene was more stringently banned
Sand casting vs investment casting- sand molds use glue to hold shape & molten iron causes tiny benzene releases.
So in the 1990s the U.S. destroyed their sand casting industry, Pittsburgh became the rust belt, and sand cast parts were made in China, Brazil, Mexico or India
Investment castings are made with ceramic molds. Remember who invented ceramics, who made tea cups and China?
Investment castings are the highest quality and China has extensive experience
Correct. Casting are critical for aerospace in the US, and the shortage of casting companies is crippling production.
ruclips.net/video/QJErhnCB-Ls/видео.htmlfeature=shared
@@BartSantello
Not to worry...the great genius Muskrat will use hamburgers to make castings instead and lard to bind stuff together
USA is # in hamburger and lard oroduction
I'm an American - and I have no interest in these tariffs. Nobody is pounding the pavement for them. This is all stupid politics that won't solve any problems. They never have.
Which begs the question. If Americans don't want tariffs, why are we invoking them? Is our political system broken to the point that nothing good comes out of it? And if something good does happen, lower inflation, low unemployment, Chips Act etc., and that goodness is not appreciated or rewarded by our citizens, what kind of death spiral of misery or perceived misery are we putting ourselves into? Or is this how real change happens, when everyone is fed up? Time will tell, but hang onto your butts, its going to be a bumpy ride.
@mikeshafer blame your new buffoon President. That fool is going to hurt the country and people
@@williamlewandowski129because the American psyche wants to hear that “we did something to China.” They don’t want to hear that China is about to one-up us.
Trump basically did it “for the ratings.”
The wealthy people who bought the election want the tariffs. That's all that matters to the incoming president.
The fix is in.
You need to tell that to your big orange boss
I'm a retired IBM Canada Ltd System Engineer living on my organic rice farm in Thailand. China has taken over SE Asia by dominating the Auto market (low prices and improved quality but most notable is the technology inprovement). Honestly, Detroit and Hamburg can not compete.
China also dominates in all areas of Solar here. From Thailand to Loas,Cambodia, Malaysia,Singapore, Indonesia and soon Australia it is to late for the US.
Trumps attack on Mexico and Canada will be his down fall. The US once a great country is becoming isolationist. Trump will destroy what is left of the American dream.
The country debt alone, along with isolationist economic policy will see a "rust belt" America and a rising China.
China has short and long term plan not just for the country but for each province while the US couldn't plan beyond the next election as the incumbent is worried that he may lose office and next in power will claim all the credit.😆
Destruction of U.S. was in the making for decades. They just tried to delay it by compromising other nations' economies. But that tactic only works so many times before others catch on. Its demise is self-mad, unfortunately.
How can it be the American dream when American companies sold their soul for a dollar by outsourcing to China? The take over of the planet started over 4 decades ago. If you control every country's economy, you control their supply chain and ability to maintain a military effort and defense.
We don't call Trump makes China great for no reason. Trump makes China to speed up developments of all kinds especially high techs.
@wwoofthailand
I have photos of my parents in Chicago back in the 40s. Behind them parked streets full of American made cars.
In the 70s streets were half full of American made cars. Today, very little because the assembly line method has been replaced by a social method of compromise. Parts built over there, shipped near here, and assembled everywhere, there and here.
The probable cause was not the lack of genius, engineering skills, technologically integrated machinery, supply chain or economy of scales. It was the need for the fast buck, early retirement on some bought island of tax haven, cheaper labor overhead, and the urge to share industry patents for oneself. All that hindsight only to see a lost industry without a future. Most likely, it began when a group of Japanese students in America disassembled a xerox machine, Kodak camera, Bell's telephone, and television. The charge of the light inside electromagnetic spectrum begins.
The US was banking on their advantage in chip manufacturing to delay China but since they started impeding Chinese advanced chip manufacturing, China has made advances which the West expected would take them a lot longer. The problem the West has is that they can't out-compete China. And it's not because of supposed unfair subsidies etc, it's because the Chinese society is cooperative in nature as opposed to adversarial. The Chinese cooperate with each other at all levels of govt and in the workforce. The US is individualistic in nature. The idea is to wipe out your competition, not to cooperate with them to everyone's advantage.
Yeah by banning high-end chips to China it basically handed domestic chip makers the biggest chip market in the world for free. Previously domestic chip makers had no incentive to do cutting edge chip R&D because why risk massive investment for questionable return? Now they have all the incentives as that segment is given up for free lol. What kind of tool do you have to be to make such a policy OMG I am ROFL. Guess US thought it will impede Chinese AI development? Maybe? but even there it is failing LOL.
China uses the terminology win-win, not zero-sum.
Also there's a big difference in intelligence (IQ) and number of STEM graduates between China and the US (in favour of China). On such a large scale of population this makes a huge difference.
So why China falling apart?🧐
@karylhogan5758 You may have gotten your information from the wrong sources.
Block yourself inside a surrounding wall will lead to nowhere. China has learnt that lesson well.
The US is going through it now.
As the Chinese say, “If you want to be wealthy, build roads first.”
China restricts trade into its economy more than the US.
Great firewall?
Not really. But the u.s. is going to go thru it soon.
@@ajnaughtin1 I think he mean closed trade to other country during qing dynasty
Yeah and on top of that we are pissing off Canada and Mexico.
I live in the global south and I cannot recall any physical products that are made in America. If there are, they are crappy and expensive.
I once had a 2011 US-made Grand Cherokee Jeep but it was just an epitome of crap! Their electrical systems were so ridic bad that even a kinder student can design better. Complaints from Jeep salesmen told me the battery not charging, radio stopped working, brake lights short circuited as there were holes to allow moisture in etc. And I paid good money for it too. Lucky I sold it off quickly. Never again! I think I rather buy a Timbuktu made car
The model y juniper is crappy?
@@alanbgtan 美国人制造的航空母舰挺不错，还有飞机.另外还有美元.除此之外，我还真不知道美国人能造什么？
Examples of crappy products from USA are easy . . . flying coffins from BOEING . . . sending astronauts to ISS and unable to get them back to earth . . .
Maybe, we are a global consumer ... plus we have high-tech, R&D in healthcare, top education, aviation of all kinds and wealth - more wealth than any other country combined. What is happening now is a bit of redistribution if you will, we are buying from all over the world making others stronger and providing more wealth.
China's been expanding its reach, especially in manufacturing and trade. They control so much of the global supply chain, and if they make any drastic moves, it could really hurt industries here in the US Prices could rise, and businesses might start facing shortages again, like we saw during the pandemic
And it’s not just about the supply chain look at how they’re pushing forward with technology. They’re competing with us in AI, 5G, and even green energy. If they outpace us in those sectors, it could seriously impact our economic growth. They might start leading in innovation, while we try to catch up
I think you're all right. And what worries me most is the potential for long term impact. If China reduces its investments in U.S. Treasury bonds, or starts shifting away from the dollar, it could affect our interest rates and the overall strength of our currency. The ripple effects on everyday Americans could be significant higher mortgage rates, more expensive loans, and a tougher job market
It's almost like we could be heading for another economic crisis if we’re not careful. I mean, I don’t want to be all doom and gloom, but it feels like we need to be prepared for some major changes. We’ve got to start thinking about how to navigate this uncertainty
It’s going to be challenging for everyone, individuals, businesses, and even the government. I wonder if the average person even understands how much this could affect their daily lives. Imagine all the industries reliant on Chinese goods suddenly having to find new suppliers. Prices for everything could skyrocket, and people’s savings could shrink fast
but this is exactly where people need to start thinking smart about their finances. Like, instead of just worrying about what's coming, we should be strategizing. You need a solid plan in place to protect yourself whether that’s diversifying investments, cutting unnecessary expenses, or building up savings. Honestly, this might be a wake up call for a lot of people to get serious about managing their money
banning imports of us agriculture products would bankrupt most us farmer
The farmers overwhelmingly voted for trump. They forgot what it was like during his first term.
U voted for it u get what u wanted and most American living in the bubble and some of the American never left small town and a little known outside of America ur president election was joke
@@RafeCruiseyeah I don’t get that. They knew it would destroy them but still went for it????
@@RafeCruise Farmers know they’ll be further subsidized, just like the last time Trump tariffs backfired. 92% of the tariff revenue collected went straight to big Ag. Welfare Queens
@@10Flat Their Vote was to Nationalize Christianity and make sure Abortion is illegal.
My company imports iron & alloys of steel parts used for pumps in petrochemical plants
We manufacture 100% in China. Trump’s 25% tariff forced us to increase prices by 10%. Additional 60% Trump tariffs will force an 50% price increase
No US company can tool up without some assurance the Trump tariffs are permanent. And who wants to build a new factory which depends on 85% tariffs to stay in business?
We will increase prices and some petrochemical factories will go out of business
As EVs cause market disruptions for ICE cars, Trump tariffs will pressure petrochemical manufacturers to close
Even if someone thinks that it's a good idea to start a factory, it's not instantaneous. It will take years, if not decades to build industries. What are the expectations in the mean time. Where are these parts, resources, oil, food supposed to come from on day 1 when they artificially inflate the price of manufacturing and the price of living? Will existing manufactures relying on parts survive while they wait for these new supposed factories to pop up and supply them. Sounds like a horrific idea but its imperative to support your political party no matter what.
If the people would stop voting for nutjob liberals, the country would be better off. China Truth. ruclips.net/video/9LPnlEVeLAY/видео.html
@@darpompie4354 Wall Street and politicians don't think in years or decades. They think in quarters and the next election cycle only. Limited manufacturing is coming back to America and only with the help of subsidies. Something America accuses China of doing regularly
Those politicians who think that tariffs are a good idea are not doing it for the good of the people but more for satisfying their ego. "I have the power" is more in their thoughts than "What can I do to make the life of my people better. "
Yes, even if we had the raw materials to use there is a shortage of the skilled labor needed to actually finish the systems inside the building after lesser skilled labor gets it done. I'm a retired pipefitter/welder and we couldn't find enough people that wanted to learn the trades back in the 2000's. It's worse now and even if we start training now it takes a few years to get to a level where they can be handed drawings and left to Get er done.
Americans are going to cause big pains to themselves. Stupid to apply Tariff to goods that can't be produced in US.
And the leaders have no vision but are limiting the markets for their products.
Unfortunately, the people loves to elect showman instead of statesman to lead the country. 😅
We'll be okay.
USA is cactus 🌵🌵
Let's hope China doesn't impose these tarrifs on BRICS countries. We watch and see.
USA aided China in development of industrial manufacturing. Now the tide is turning.
Perhaps the USA should get back to producing what it needs and not rely on potential enemies.
In my simple mind, China holds the ace. Assume for the moment that China and the US end up having absolutely no trade with each other. . . I'll place my bet on the one with a population that's several times larger than the other.
Not only the population base but the supply chains and manufacturing capacity. Trade with Africa, the Middle East, SE & central Asia, Mexico & South America are actually increasing and will develop further over time. BRICS countries are now trading with each other, outside of SWIFT, among their central banks. So trade volumes are no longer transparent to the US.
You wanna bet? CCP has more people over 50 years old than under and is in complete demographic collapse. The USA is not and just imported a few million workers and is totally energy independent whereas China is not, buying much of its energy in the form of coal from guess who?...Aussies. So, you fact is, energy is the Ace not population. The USA has strong relations almost everywhere whereas the CCP does not. Just look at the phillipines, vietnam and japan for a few examples where the majority of the population has an overall positive view of the USA and an overall negative view of the CCP.
@@rickybosephus2036I thought you don't want immigrants. Without them, the US population will decline
@@rickybosephus2036 Wind and solar now make up 37% of China's power supply and increasing rapidly.
Not just that, Chinese people are used to austerity that comes with a trade war. Americans can't even spell austerity let alone live with it. America has become complacent and arrogant. It's classic Sun Tzu to strike now as America leans in.
This lose-lose scenario is SO counterproductive for most of us little people. Negotiation for a win-win is better! We have LOTS to offer and sell, and LOTS we'd do better to buy than make. It's basic Int'l Economics 200.
Depends on the trading partner. We need to trade with countries that have a compatible and similar economic and political structure. That’s not China. They’re not a reliable partner. It’s time they stopped pretending to be a developing country still and begin to grow their domestic consumption.
@@ClownCarCoup Chinese consumption already is more than any other country in 2024 per the World Bank. The problem is in the West which is insolvent because it only consumes and doesn't save. Savings is the foundation for investment and production, which the West has little of anymore. Unlike in the past when the West saved and was productive, strong, and the world's top creditor instead of the biggest debtor.
@@ClownCarCoup The west is so deep in debt now that it's literally insolvent and weakened like any big debtor. The US used to be the world's biggest creditor instead of the world's biggest net debtor. Today, china is the world's biggest creditor nation and the most competitive, powerful country in the world.
@@ClownCarCoup The chinese consume plenty but save even more. "The US is now a poor country that thinks it's still a rich country. China is now a rich country that thinks it's still a poor country." - Ray Dalio, multibillionaire investor and Founcer/CEO of the world's most successful hedge fund.
@@davidrichards1741 China consumption per capita isn’t close to the top. Are u lying or ignorant?
If their system is so superior, why are they ( and you ) squealing so loudly about the coming era of reduced trade? They don’t need the West, right? Right. We both know that isn’t true.
Central planned economies like China’s are not compatible with democratic capitalist economies. They’re both better off decoupled from one another.
The US should accept the fact that China is rising and developing fast , and instead wasting its energy to hamper China's advance, it should look into its own strength and innovate
The US has never really recovered in it's exports of agricultural products since the first Trump trade wars. Just this week, Congress was looking a renewing $billions in subsidies to farmers that are meant to compensate for those lost markets. In fact, payments to farmers during the first trade war consumed almost the entirety of what the tariffs brought in (which, of course, was ultimately paid for by American consumers).
wow didnt know that
And yet those farmers keep voting for Trump because they got their compensation & still believe if he punishes imaginary enemies that their farms will magically become viable again.
Our farmers are getting destroyed. it is terrible. If this continues we are going to have runaway inflation. If you go to most other nations outside the West inflation is not a problem. Food prices in most of the BRICKS nations outside of Russia is going down.
ruclips.net/video/slHHfg5Ypt4/видео.html
@@arewethebadiesInflation is desired by your govt to show GDP growth. To put it simply - Let's say apple consumption is a measure of GDP. If you consume 100 apples last year that cost $100 then your GDP is $100. If the price of apples inflated to $1.2 a piece, then this year even if you consume only 90 aplles, your GDP will be $108, and your GDP has magically grew 8%, even though you have actually eaten less. Ever wonder why the public is suffering and trying to make ends meet while the US GDP has grown from $23 trillion to $27 trillion in the last 3 years? INFLATION!
We need all those cheap products from China. The quality of most of their products seem to be getting better and better. Its value for money. I am now shopping at Walmart more than before.
中国拥有所有质量的产品，工厂可以根据你的价格，出售对应质量的产品。如果你觉得中国制造质量不好，那是因为你们进口了低价的中国产品赚取非常大的利润。同样的价格，中国制造的质量是最好的。
China has products of all qualities, and factories can sell products of corresponding quality according to your price. If you think the quality of Chinese products is not good, it is because you import low-priced Chinese products and make a very large profit. For the same price, the quality of Chinese products is the best.
I'm an audiophile for 18 years now, China produces top quality stuff for cheap for a long time now
Not only the cheap products but also pushback against the religious fanatics and Randroids that have come to dominate American politics. If China is succeeding and US heading downhill Americians will be forced to evaluate the electoral choices they have been making to hopefully become more moderate rather than empowering greedy tyrants trying to dominate the world.. Instead of the rich that already control too much wealth, America should be helping its poor. Instead of trying to control the world, it needs to accept it is just one nation among many.
As things get more expensive due to inflation and printing of money, people will have to buy things that are inexpensive.
ruclips.net/video/QJErhnCB-Ls/видео.htmlfeature=shared
It's all been known for quite sometime.. you can see which state officials often visit their respective countries... Chinese officials very rarely visit the US and Europe, but on the other hand the US and European officials very often visit China... I'm sure it's not for vacation.
Visiting another country without achieving anything beneficial for their original countries is vacation.
You need to see the purpose of the visits. They all come to China force China to take more USA debts or... And when China say no, they ban more stuff and come back to push the debts again. No means no, that's enough, you pay your own credit card debts.😂
And no leaders visits India lol
Yellen begging China to accept more US IOUs (Bonds)
@@ralphzoombeenie2330 It might be worth researching where US debt is held, for China it's less than 3% and declining.
Trump economic policies could certainly lead to significant economic consequences for the U.S, I’m really concerned about how the current economic crisis and rising inflation have really taken a toll on my portfolio. It's becoming quite worrisome, especially at my age.
I completely understand what you mean. These financial challenges affect older citizens like us more significantly. It's concerning to see our savings and investments diminishing in value. I’m also very worried but what someone can do
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. She understands the unique needs of older individuals and can provide valuable guidance.
Personally, I don't know how anyone can not have the basic knowledge of their portfolio balance. Basic .ath here. The stock market is up about 21% since 2021, and US inflation is down to about 2.5%. Your portfolio should have substantially increased like the rest of us.
@@Pconradsmithsomething fishy a out your exchange. How did you know the person that you are engaging with had a female advisor? I have seen this type of message exchange before. It is set up by the person trying to increase their business by pretending to be the average concerned consumer.
Truly the situations are difficult but it has honestly never been easy. What I figured out years back what that with proper guidance, we can predict some of these situations and take advantage of them. Have you considered seeking the help of a financial advisor? I have been working with one since the corona lockdown, and she has been instrumental in navigating these difficult times. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years in another country. We are absolutely worried that SSI will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific lnvestment account with Tracy Britt Cool Consulting my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I went from no money to lnvest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Tracy Britt Cool Consulting. I am at $128k right now and LOVING that you have to bring this up here
I know this FA, Tracy Britt Cool Consulting but only by her reputation at Berkshire Hattaway; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since I watched her interview on WSJ last month
Well her name is 'Tracy Britt Cool Consulting'. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment
Great share! Out of curiosity, I searched Tracy Britt Cool Consulting online, found her consulting page ranked at the top, and scheduled a call session. I've read many reviews about advisors, but none seem as impressive as hers.
Tracy Britt Cool Consulting has really set the standard for others to follow, we love her here in Canada 🇨🇦 as she has been really helpful and changed lots of life's
China has been preparing since years ago. This round China will definitely hit back. Many sectors in the US will be hit extremely very hard, not limited to only EVs or energy sector.
China has many many tools to hurt America even in 2018
They just don’t believe in zero-sum game type of thinking
With that said this time around they will make it very uncomfortable for Americans
Without crashing the US economy
China’s strategy is not like that. They will bide their time and hit in their own terms.
Who cares? The global south will trade among themselves and decouple the sick West from themselves (to avoid being struck with another pandemic, this time economic).
@mdmasudrana117 Bide their time doesn't mean forever without limits. China will retaliate only after careful considerations and thinking and has already retaliated. Latest ones are the rare earth minerals.
Sounds like China needs some liberties and freedom 😂
Sam is so versatile and brilliant in his understanding of the NEV and ICEV has now ventured into world's trades and geopolitics. Sam should be made a trade minister instead. How does Sam find time to do his research & producing thousands of his excellent videos, one wonders? He's an amazing guy. I may not agree with everything he says but he's the nearest to an unbiassed reporting journo. ❤from indonesia.
One of Sam's best videos.
If the US spent its dollars in improving the economy rather than spending it else where, Trillions, down the tube, it would not need China, and it wouldn't be the most indebted country in the world. You only need to go to China, to see what that government has done in the last 30-40 years and yes, a communist government at that. From 2008 to now 46,000 kilometers of fast speed rail that is about 60% of the total fast rail in the world, they are the best at that and are also the best at building infrastructure all around the world and yes even in the US where they could not get anyone but the Chinese to refurbish their bridges like the Alexander Hamilton bridge, for a fraction of what US firms quoted. It is not a perfect country but my feel having traveled there is that the people have a great sense of pride and rightly, so their culture is rich and spans thousands of years, they are pragmatic and will take on any challenges. Thakyou Sam, that was Deng Xiaoping, that you showed he past in 1997, at least his from the same country.lol
@@vincam4674 , the Chinese not only refurbish the Alexander Hamilton Bridge. In fact the Chinese had also completed rebuilding the San Francisco Oakland Bay Bridge that was destroyed by an earthquake. Google to know.
@@panyaboonc5621 Whenever the Chinese does something beneficial to the U.S., they'll refrain from acknowledging it. Any achievements made by China will be studiously ignored by the Western mainstream media. In fact the U.S. government has just approved U.S.1.6 billion over 4 years to spread falsehoods about China, to smear China, to make false claims there are human right abuses and forced labour in Xinjiang (repeat it a million times and it becomes established fact).
When Australia thinks of building highspeed rail, it will only consider Japan(Shinkansen), South Korea, Alstom or Siemens or Spain, but never China. It is happy to pay thrice as much and for twice the time to complete.
Where is Peng Shui? 😢
Sadly China is going to be the next super power. It's no longer the United States 😢
They are not very multicultural either
We are so reactionary in the US, trying to solve problems immediately. China just takes its time and figures it out eventually. They solved poverty. Once they figure out the services sector for their growing middle class, it's game over.
It's too bad nobody has been able to solve one of mankind's deadly sins...greed. China has been able to "ahem" borrow western technology and modernize rapidly. Quality control is compromised by corruption...many projects built substandard and falling apart just a few short years old. I visit China every 4-5 years, i have reluctance on riding their fast trains, driving through their 3 1/2 kms tunnels and now even eating in their restaurants. Their banking system has crumbled, citizens can't reach their savings and their housing is in shambles, many stuck with mortgages underwater and now no job. Millions of new university grads with no prospect, outrageous bride pricing and dowry expectations...no family formations and destruction of their middle class. No, it will take generations to undo the disaster that has overtaken China wrought by the CCP policies. No help from the rest of the world, since we're in the same boat, trying to stay afloat.
The USA swings wildly politically and now we are obsessed with topics that don't matter. Mass distraction by extremists on both sides of the aisle while real issues are not discussed or debated. Throughout the very long history of China the quest has been to unify an enormous country. The communist/capitalist hybrid they have now certainly has allowed for economic expansion. As they continue to work around America, the pain of failed politics in the USA will become all the more real. Maybe if Americans understood how the "delete America" strategy came about and will only accelerate under Trump, we could learn that isolationism is death in the 21st Century. But that won't get as many clicks as who gets to us what toilet. So sad.
@@johnchow9856 Gordon Chang HK jr.😂😂
@@johnchow9856 so let us pop a bottle of champaig
They solved extreme poverty not poverty; there will always be some poor.
As an American, I want to buy a more affordable electric car. Politics be damn.
You don't pay attention to the economics, you will pay for it through the politics.
That's the essence of true capitalism and free-trade; but US inc has abandoned those principles which have once made them a great nation a long time ago; now they rely on the printing press!
as an American... this doesn't mean much. But hey you are free to subsidize Ukraine and Israel.
As a Chinese, we want world prospects together no matter what lies you see from Western media. USA is super hostile against China these few years, China has no choice but falling into a defensive position. No normal human wants any of this
Any AMERICAN can buy a Chinese car, its just a matter of price!
It is rather CORPORATE AMERICA which has caused great pain to America and its people out of insatiable Greed by outsourcing industries to China and other developing counties !
I agree with you 100%
I agree with you. Its root caused is CEO reward system. I remember NASDAQ CEO was rewarded by $1B many years ago. CEO outsourced manufacturing jobs to overseas to boost stock price, resulting in huge award to CEO.
Disagree. It's USA government AND corporate america.
The main reason was not cheaper labor but solving the problem of pollution by "exporting" it to less developed countries to concentrate on the services/financial sectors. With the re-industrialisation plan, it seemed it was not the right strategy. The West should have invested in clean renewable energy and cleaned up its most polluting industries instead of relocating them to other countries.
Mexico, Vietnam, Egypt, Turkiye, Brazil, Thailand, Eastern European countries like Hungary, Slovakia, Romania, Poland, Czechia and Serbia, Malaysia, Brazil, Ethiopia and Morocco as we
check where manufacturing companies settle
China can survive without trading more with the US, but can Americans survive without China's affordable tech, electronics, consumables, etc?
Some label you as pro-China, and Chinese-biased. However, I can't find any other argument than yours, and that's true. Just look at the numbers and facts. The Europeans and the Americans seem to procrastinate or sleep off mornings.
absolutely
US dogma is if you are not anti-China then you are pro-China.
There is nothing shown on this channel about Chinese debt dwindling consumption, overinvesting in infrastructure, zombie companies addicted to subsidies, banning competition...China has many more factors pointing downwards than upwards actually.
My gen-z neihgbor about 25 works from home and thus leave her apartment MAYBE once every 4-5 days...yet complains about everything still.
“What happens to US companies that can only sell to Americans?” They turn into the American version of British Leyland. Shielded from international competition, quality drops and innovation suffers.
In America, cold corps with no souls, empty heads and a bravado that will land Our car industries face down in the mud. Yea America
#1!!! AMIRITE!?!?!
Tesla will keep kicking ass tho. Only true American made car now
You are talking about your brain dead politicians.😂😂
Tariffs on solar panels. Just like our government. Figuratively push on the gas and brakes at the same time. Totally incoherent policy which CANNOT work!
The same goes for the 100% tariff on EVs. Trump is also planning to reduce EV federal credits, which will further hinder the adoption of EVs.
Insanely the US is going isolationist at the exact moment that china is going maximum expansion.
Its already well underway in africa and south American. An example is Brazil strengthening beef exports to china while US beef exports to China fall.
This is happening across all developing countries with china taking over factories to bring its superior hybrid and electric car tech to hungry consumers who want the lower prices of a byd or great wall motors
You have no clue China expansionist is only for China. They will not make any country better, besides China if they can afford it.
Like most empires that have declined over the centuries, it is self inflicted. The US is doing exactly the right things to speed up its decline. Probably a good thing for the world, and the US, in the long term. It is time for a change.
This is win-win free trade.
If u are an Aussie you will simply happily watch changes unfold as things will benefit your continent either way. As Canadians, especially as Chinese Canadians, we are stuck in a really stupid place. We get brain drain, business drain from both US and China and yet we don’t get to pick independent stance politically.😢
You’ve always got maple syrup! Eh?
"yet we don’t get to pick independent stance politically."😢
How do you want to pick your independent stance politically if your security depends on others? He who pays the piper, choses the tune. Who pays the big chunk of NATO and NORAD of which Canada depends?
Reply
Ha ha. China will eventually take Australia over. Australia is in their sphere of influence. He is white, and will never get a job once China takes over . He hope he move to another country, or work as a servant to some Middle Chinese living in Australia. That is the future.
Professor Richard Wolff has an excellent video on the effect of the US introducing tariffs on imported cars/vehicles etc. It backfires on US businesses and consumers.
This is one of your best programs ever!
Great research and a view from a different perspective.
Last time we had Trump declare a trade war China immediately opened up new supply streams from south America for it's soy bean and grain supply.
The Biden administration did expand on shore production of certain prime compnoants but like you say, it's the little things like swirches that are absolutely necessary for stuff to work.
Do you know where I can stay? As an expat Englishman I have always like Austrailia. Ok, maybe New Zealand attracts me more? (Sheep, LOTR, etc.).
How's your wife doing?
❤❤Sam, A very astute analysis from some in-depth research, thanks mate🙏🙏👍👍🌹🌹
With this split between the West and BRICS cost of living will rise for westerners. In this global war people are going to suffer not for the leaders but ordinary people.
@@harold18659 unlikely. All BRICS nations are poor and rely on the west to sell all its trashy goods. They have nothing we can’t produce better ourselves or buy cheaper somewhere else. BRICS needs the West not the other way around
Tell China to stop ripping the West off in trade.
America is done.
Enjoy The Decline was written 2013.
I am a Chinese, although I like to see china to thrive, I definitely don't want America to lose. I like America's technology and innovation. together we are stronger.... 🤝
If the United States wants to catch up, it should run faster by itself, instead of fantasizing about China running slower.
That's the policy of the Chinese government
Together? No way! The winner can ONLY and MUST be US. Others shall be losers.
China needs to stop pretending its still a developing economy. Time to boost domestic consumption and pull its weight as a consuming nation
i am jesus
With a billion and half of people, sounds like China could just trade with it self! And tell america to go take a long walk on a short pier,
1.5 billion....you forgot several billion living in the global south that love China, silly
China tightening restrictions on rare earth exports and expediting microprocessor development in response.
"if all of a sudden the United States banned everything made in China", This will lead to a 10 year delay in modern technological development. Meanwhile the electronic kits are so good and cheap. I will go to Beijing next week and stay for 3 months. Can you imagine? High speed internet wifi box, (can connect up to 10 devices) for only 99Yuan and that available for 6 months. That's around 13$. My Huawei Watch , I use for all public transport , pay everywhere in China. Supermarket, cafes etc. Smart locks, building access, etc. with the Apple Watch can not. My advice: "your horse will take you very far if you ride fairly 🏇 and do not abuse the spurs, otherwise the horse will throw you off and gallop away, then you will remain alone in the desert"
Why doe Xi think these troll accounts puking out Chinese propaganda will actually work?
@@ClownCarCoup They're pretty funny
@@ClownCarCoup You're in denial mr. clown, your chosen name fits.
@@ClownCarCoup Anytime Americans are confronted with new information, they think its some 'Chinese propaganda'
This very approach is exactly why the U.S. has fallen so far behind and the only way you can compete is to tariff and cope.
@@ClownCarCoup Please! Cry harder!
Mr. Evans, what a great discussion!👍👍👍👍👍
I'm American, and the trajectory of my country truly frightens me. Per your video, many of us Americans think we can hit China by tariff and/or decoupling, when all it does is it galvanizes them to completely throw off any dependency on the West. But let's say clearer mind prevails and we do a 180, we still have a chance to work with them in a win-win scenario, might even dictate some of the terms to our favor... afterall, we still have the technological and financial upper hand as your video pointed out. Most importantly we still control the value chain. For all China's control of the supply chain, they still only take home a quarter out of a dollar while we take home 75 cents for the stuff we outsourced to them for the manufacturing (unfortunately that 75 cents don't go to the ex-workers whom we ourselves laid off or the gig-workers we replaced with, basically all the indentured servants by any other name. All that 75 cents just go to the rich, the powerful, and the connected). But if we give up this leverage in service to some political expedience and unrealistic machismo, we are literally goading the China to work toward controlling the value chain as well... which they are already are doing right now! (just look at all the Chinese EVs reviewed on your channel! And the drones, and the high speed rail, and the green energy, and the integrated new appliance, and so on and so on) And when that happens, even we switch gear and offer an olive branch, why should the Chinese take it for a lesser deal when they hold all the cards? There might be new markets around the world rivaling ours, say in SE Asia, Central Asia, South America, Africa, the Middle East, part of Europe that refuses to be a vassal state to the US, Russia in whatever future configuration, and especially India? What leverage would we have left other than the military... but even that might be questionable. Fact is: We Americans have been brainwashed far too long thinking we are the exceptional, that we are going to stay on top forever. But if you crack open a book on world history for just 30 minutes, that just ain't so for anyone, empire or republic. If we go down this road, and the light finally dims in what, I don't know, 30 or 20 or even 15 years, my only concern is: Will it be a quiet long decline like the UK (but hopefully with more dignity), or we gonna let loose some crazy man with a thumb on the nuke, or descend into a Hollywood style nightmarish civil war?
Long but good post.
Unluckily, the US government lacks of sane thinkers like you. Also, FYI, for the entire written human history, China has always been the most powerful nation on the planet, except for the recent 200 years. So it’s a delusion to think the US can stay on top forever.
Its a pretty good essay, just falls short. The problem is, US thinks its still the 2000s and doesn't realize it no longer dominates world affairs unilaterally. It is straight up heading to Vietnam style economic humbling from the BRICS. Now only if even the G7 vassals abandon US will it go down crashing hard. You have also kindly reminded us of the political polarization, that might very well lead to a civil war in the midst of a horrible economic crisis. The only way US comes out better than UK post-WW2 is probably to stop unilaterally dictating everything and gradually strengthen multi-lateral institutions which impede any one big power to have too much control by 2040s-50s.
Unfortunately, US-led world order is actively obstructing our human potential. Total control over the global currency allows the billionaires to flip the table whenever they lose to a genuine competitor(say Japan in 80s). Money could be spend far more productively to advance and further optimize manufacturing and resource extraction, which will prepare us for the Space Age. Instead that money ends up in pockets of some ultra-wealthy capitalists who just want to buy more yachts and blow money on highly speculative assets.
Now, even if somehow China's growth falters badly for a few years and the US is able to slow down its decline, there is still the India question. It is actually another sleeping giant. As an Indian, I was flabbergasted when I compared the economic trajectory of China and India a few years back. India barely holds its diverse regions together and is constantly in the state of policy paralysis and still we managed to bypass western sanctions to develop critical missile and space technologies, along with our own Nuclear arsenal. Now for the real jaw-dropping stat, India's economy will very likely cross the 7 trillion USD mark by 2030(IMF), which is what China's economy was worth back in 2011. And given that China's economy slowed down to 7% in the mid-2010s, India will easily grow with a similar pace post-2030. If India continues to maintain a economic boom, it very well might be close to the size of US economy by 2050. There you have it, another big market right there in Asia to insulate from US trading losses.
India's existence as a rational military partner as well as a democratic power, will weaken US power(its no longer the exclusive leader of the "free world"). And if US continues its selfish protectionist path that Trump is going to put US on, France and Japan would be more than happy to strengthen ties with India which also benefits their own economies. The US-debt has a countdown of 10-15 years after which it simply becomes impossible to force the entire world to use USD and thus export the inflation around the world. If the US instead is stuck in a financial crisis, I think it would end up worse than Japan. Because even if Japan has a much higher debt, it has actual productive capacity to produce quality goods. Japan still is a technology leader and still ranks in top 3 of economic complexity rankings.
As an American who's lived outside the us since 1995 , I agree, most of us have been brainwashed in "the American exceptionalism" dogma for years..
Guess it will take another trump term to make (especially the badly educated) realize they were lied to...
Not going to be pretty, and I for one am glad I'm not in the us to find out what a people with more guns than actual people will do when they find out
Nope
You Americans haven't been brainwashed ... That would require Americans to have brains
China has already raised tariffs on the Euros and declining to buy American goods, US farmers will bleed as China goes to their BRICS mates along the New Silk Road BRI 😂😭😂
American companies have been well accepted and profitable in China but when the US labels China an enemy no loyal Chinese will buy American.
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If American were to put 100% tariff on Chinese products that would effectively put Walmart at a business. No tears for that, but just think of all the products that we would not have in the intermediate term.
Walmart is the largest private employer in the US so it will have serious repercussions in the economy
walmart is cabal
I think the US can only put 100% tariff on Chinese cars and some Chinese unnecessary products only.
@@undisclosedthai my unnecessary is your essential
If Walmart goes bust, that would enable other retailers to increase their prices. A win for retailers.
It appears that, in silence, China is more imaginative, innovative, and productive than hollering countries.
To answer your question, American firms that sell only in the heavily protected American market will become less competitive over time.
No more R&D money.
The global south is 75% and if it develops , china can easily forget the us market.
Us are how many? 5%
Even hardcore US allies are trading heavily with China so it's not 75%. Almost certainly, it's at least around 90-95% or more even without the US market. China will keep growing faster.
Currently, 15% of Chinese exports go to the US
@@1maico1 Yes but China is changing their focus and diversifying away from the US and to some extent the EU as well.
The USA as a country are 31st in the world for IQ, China is 5th. You can't beat reality.
Tariffs and retaliation would increase the manufacturing costs up. While tariffs might protect the domestic manufacturers for a short while, the products thus made are less competitive in the 3rd party markets. In the short term, both sides suffer, the long term consequence is not that bright for the tariff imposing countries.
What I'm curious is if the current generation even wants to do industrial works.
So you might have factories that can't hire enough worker to run the factory. so either the manufacturing is handled by migrants, robot, simply not doing any production. In a sense the same people will still have the same problem of having no jobs, because it's not a job they think they are entitled to.
Last thing Australia needs is a repeat of the Morrison government acting as the USA’s lackey, which resulted in tariffs slapped on Australian goods by China.
Angus Taylor does not have a great record on EVs, nor renewables in general, and it wouldn’t surprise me if he decided to follow the US lead on tariffs on EVs, even though we have no car manufacturing in Australia. Renew Economy is a good place to check the shadow treasurers record.
That's why the LNP should never regain power.
The Chinese have been working on the Belt and Road project for ten years and now have a network of rail and road routes that cover most of Asia and this insulates China from any US actions.. Thr BRICS countries also encourage trade amongst many other nations that might be vulnerable to US pressure.
The US is going to try to pressure BRICs countries and those considering joining BRICs to place sanctions on China. Other than NATO states that are puppets, unlike the cold war it won't work this time. The difference is economics. China is not the Soviet Union. Despite call itself "CCP" it's not communist anymore. It's a mixed economy. Its military does not interfere in the affairs of other nations like the US does and Soviets used to do. China just trades with other nations. This means China's economy and reputation are very strong in the world and will continue to grow. The main issue with China is the lack of multiparty elections. It's not tyrannical like North Korea but reforms in the CCP need to take the next logic step and join the rest of the world with true democratic elections. The lack of multiparty elections will be used against China in coming new cold war..
.
Just look at the ILA negotiations now with the unions. Read their arguments about not wanting automation in port. You can see how the future is for the country.
China does not have to target US. She just has to continue retaining her current internal and " friendly " markets to stay stable on the fiscal graph notwithstanding sanctions. Indifference with self reliance is more favourably consequential for a vast country with indigenous resources, markets and opportunities.
The world is waking up to how the US rules by mafia threats and voting with their feet to join the BRI and BRICS+. US has no real fiends only frightened vassal states and the little g-side liability. which controls its foreign policy.
Global south/majority (developing countries) - 88% of the worlds population, what kind of vehicles can they afford? $50-60k legacy models or $20-25k chinese models? China sees US as gravy on top of gravy when (not if) their cars land in america.
Global south also sides with China far more the America.
Great! You are venturing into other interesting topics of economy!
Great channel.. one small point at 7.38 that photo is not Xi Jin Ping the Premier now, it is Deng Xiao Ping from the 1980's
president
All deniers should Watch Inside China busines 😊 or Rafa goes around ❤ to see whats Cn realy like
Watch Kevin every day. He gives us the facts from verified business sources.
I lived in China for 15 years. Most youtubers are spewing pro china nonsense while ignoring the negatives.
@@loremasteringwion9930 Agree. Human rights are a sore point over there ... CCP: "What rights?.."
@@loremasteringwion9930 Cry harder!
@@endrefidje5698 USA What rights ?
And not forget, there are other things. Just check grain and meat. Grain import from Russia is growing and meat from Brasil to. Oil and the middle east is another story, even Venezuela could raise production up to nearly 1 Million barrels. All without dollar, so the US cannot analyse as precise as before and farmers (and traders as well) get in trouble. BRICS-Trade is beginning to work more and more for the benefit of those countries.
58% of every trade is done still in dollars. The USA is by far the biggest importer of Chinese goods, that stops they collapse no matter what this dope says. Much of those jobs can and will be automated and built and sold in America.
One cannot underestimate the stupidity of electing Donald Trump.
Thanks for the clear assessment and detailed numbers and percentages. Most people addressing this issue misses that.
I for instance heard now for the first time that only 2.2% of china's gdp comes from sells to the US, down from 8% in 2007 (which was already very small I may add)
China is playing the Long Game. Against this the US has elected Trump. If I were a betting person I know where I would put my money.
Its due to the rise of ASEAN countries. More Chinese trades with ASEAN than with US now. Been like this for a few years now. Few failed to understand that lower cost goods have been good for the US - it has allowed American to buy more goods for the amount of money they have - ie. allowed them increase their standard of living. So increasing tariffs will increase the cost of goods, increasing inflation and thereby reduce the standard of living for American. In any case, its not about trades. Its about concerns that China will become as strong as the US. That is the real issue: The US wants to remain as the ONLY superpower.
When Americans were buying primarily American made goods, those were considered good times and the economy grew.
Problems began when we started buying cheap Asian stuff. If China wants to take it toys home and leave the American market, U.S. companies will start picking up on making many of those lost goods.
@@AQuietNight That's an illusion. US dominated after WW2 because most of the infrastructure and factories around the world were destroyed - as such, the US dominate most of the global market, had lots of trade surpluses and lots of growth. As a result, American corporations made more money and some of them were passed onto US workers as higher wages. However, as the economies of countries around the world recovered from WW2, their industries started producing goods and selling them cheaper than US ones, knocking out the US market. Started with EU countries, then Japan, South Korea, ASEAN and China. That has been the natural progression of the world. Further, given the higher wages and cost of living the US, it could no longer compete on low technology goods anymore. So the US moved up the technological and innovative ladder hoping they could continue to sell high end goods, such as chips and computers (refer to Apple, Microsoft, Google). But that is now under challenge too.
The US had wasted more 8 Trillions in wars, in the last 2 decades, instead of investing in their future technologies, to stay ahead of the game. And as a result, it has allowed their competitor such as China to catch up (almost). That is why you are seeing desperate attempts by US Gov (regardless of political parties), imposing bans on chip technologies and AI.
@@AQuietNight I was around then. The good times were based on paying workers decent wages. The only time American workers had decent wages was when the unions were strong (1940-1980). Even then their bosses were watering down quality.
First the bosses moved jobs to the union-busting South. Then to Latin America, Korea, Taiwan & Malaysia.
The corporations & the investor class hate American workers & refuse to accept that cutting their pay means they can't buy goods. That's why we have financial crashes under neoliberalism like we used to have every decade before the New Deal.
@@AQuietNightThe problem started when the greedy corporations needed more growth and more profit. The factories went abroad because it was cheaper.
That is capitalism. The system Americans seem to love.
If the government has to intervene in industry, then it pretty much proved free market capitalism has failed.
@@vanhocwong6689 "That's an illusion"
It was a reality and China wasn't needed for it.
Two things: China sits on it's currency, the U.S. protects the value of it's currency.
The U.S. should allow the dollar to drop in value. Actually, Europe should do it too with the Euro.
In the world of tomorrow holding a high value currency is like fighting with 1 hand tied behind your back.
You may call China is a dictatorship. But this is precisely why it's so efficient in getting things done without adversarial governance. There are no organized labor or unions to disrupt production and services. Isn't it quite apparent that China has outpaced the US in every aspects of economic development ?
Excellent analysis
Excellent show. I just subscribed!
Great objective analysis of US and Europe's competitiveness!
US will force its Allies (Europe, Japan, Korea and Australia)to buy more expensive stuffs from the US.
Good luck with that.
China is Australia’s biggest trading partner and main cue for our biggest product which is iron ore - nothing gets in the way of that
The us can not force grape juice out of an apple. Japan and Europe is broke. They will be buying nothing.
What does the US make that the rest of the world wants, this isn't a dig at the US its a genuine question. I'm in the UK and I can't think of any US made products sold here except Tesla.
@@michaelpearl-r8w I buy a brand of sauce made in the US. That's it. 🇦🇺
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American greed can be blamed for America's downfall. When companies in America outsourced production to Asia, CEOs were more interested in making themselves rich than in considering the future consequences. 🤔
Great coverage, thumb up.
Really happy I found your channel very informative, love from panama thanks
Thanks for watching!
It's interesting that the actions of both sides are saying that the free market and level playing field are failed concepts. The USA is to abandon the free market and put in place tariffs. This is the government interfering in the free Market to assist industry. This is a form of government planning. China has identified that the best way to advance is to have the market guided by the government, planning and picking winners of future areas of growth. Both in their own way are saying the free market cannot deliver the best outcome and the government must intervene.
In a truly "free market" you get monopolies and corporate tyranny.
Even in Japan, back in the day the industrialization happened because the Japanese government was actively creating public companies for the necessary items necessary for industrialization. The same story with Singapore where most of the country's most essential companies are owned by the state, from heavy construction to transportation.
@@bryanmurphy3328 tariffs are a tool used to get China to rethink its corrupt trade practices of the last 50 years. Trump is not try to eliminate free trade, he is using the tools at his disposal to reign in corruption
America
“do want I say don’t do what I do”
To paraphrase Nixon, "We are all state-capitalists now." But there are states that subsidize the future, and states that subsidize the past.
I just wonder if China doesnt accept USD for its exports, what will USD worth?
The US problem is a lack of savings.
At a $7.25 minimum wage for the last 15 years which has been very successful at holding down non minimum wage pay, it is not an easy country to save in. An exception would be the fortunate few who have a generous 401K tax deferred match from their companies. This ability to access 401Ks should be made available to all working Americans. We need to start helping our people if we ever expect to get out of our national malaise.
Very comprehensive report. Glad to have found this channel. I am a holder of several Chinese stocks which are relatively undervalued.
A lot of countries in Europe are farm goods exporting. Especially in the EU it became therefore necessary to impose QUOTAS to each country how much it is allowed to supply to the markets. We do not need tariffs or trade wars but designed-, calculated and imposed regulations.
China should be able to set up EV auto plants in the US and Canada. Consumers need those cheaper EVs. Tariffs are bullshit.
I think the best ending for Ford or GM would be like Kodak, 7% of its former glory, still profitable, much less global presence, barely avoided bankrupcy in the process of shrinking. That holds true for most companies if they cannot maintain technological lead and yet had to pay top salaries to workers.
I want Chinese cars to come to the US. I want more chargers installed in the US. Legacy auto should start making Chinese cars in the US.
Thanks for your insights! Really informative
Glad it was helpful!
How is this going to affect Australia ? Will the decoupling affect our house prices?
The US doesn't want for the rest of the world to know the true low cost of manufacturing. China can manufacture anything just as good or better than any other country in the world and sell it for a profit, and at a price 40-50% lower.
Now, if Chinese goods are of lower quality, it is because those are the specs and lower quality raw materials given to them in order to assemble the products.
These "specs" and lower quality raw materials were given to them by ALL the multinational corporations that set up shops in Asia.
Everything given to them for manufacturing has been designed to ONLY LAST PAST THE WARRANTY PERIOD on a good day.
That's how the CEOs, mainly Western, control and manipulate lower quality products, at the same time that they HYPERINFLATE prices for the consumers.
That's how they pay themselves $20 million anual salaries plus bonuses.
Finally, China decided to start decoupling free from Western corporations and their CEOs.
It was just a matter of time for this to happen.
Most democractic government, half of the time is planning for its political survival when crisis looms, or political gain. while China always sticks to its long term development plan. But if one bad leader replace the good one in China, whole nation will be doomed. Hope current China sees this and continue improving its political system and paved way for good leaders with good calibre with no absolute power. At least it is better than democratic system now
Your opinion! Could I walk into a crowd calling Xi a useless corrupt arsehole?
There's too much checks and balances for a bad leader to take power in China. That is the benefit of a meritocratic system which is infinitely superior to a popularity contest as practiced in the West.
Yes non-democratic countries like Russia, Syria, Venezuela, Cuba and North Korea show just how superior autocracies are at looking after their people.
@@Sendu7all of the countries you mentioned encountered financial difficulties because of sanctions imposed on them, not because of their governments.
@@Sendu7 Its the quality of the leadership and the system which promotes the leader which counts, Neither gameshow popularity contest or a military coup often western backed.
Among Australia's unsung critical minerals are gallium and germanium. Like many critical minerals, they are not typically mined directly but are by-products of the processing of other minerals. Both minerals hold significant growth potential for Australia, despite the country's current limited production.20 June 2024
Very thoughtful presentation.
Glad you liked it!
Thank you 😊
You're welcome 😊
The US putting tariffs on Chinese EV's is stupid. It only hurts US consumers who are denied affordable Chinese EV's. Protectionist tariffs are an absolute failure because it invites retaliation.
Markets in Asia, Africa, South and Central America as well as in Eastern Europe have and will evolve now...which will bring the US to it's senses.
China is so farsighted to understand stand that if nobody has the upper hand nobody can abuse such a status.
While the US and western Europe constantly violate the sovereignty of other countries they also try to do so in China and challenge its sovereignty as well as territorial integrity...as well as they try to meddle between Asian people.
All I have learned from the US and western Europe is that they have committed heinous crimes in the past and now try to intrigie between countries so they don't have to attack them but to achieve that these countries weaken themselves by falling for this meddling.
This reaches its peak with Russians and Ukrainians as well as Israelis fighting Palestinians...in vicious circles...that can only end if the fighting parties realize that a third party made them fight...
The world owes China a profound gratitude for providing quality yet affordable products needed in daily life. Thank you China!
The US needs to make itself great not from the outside but from inside. This understanding also applies to Europe. We have too much bureaucracy.