Good analysis. I think China is right though about the idiocy of EU/UK/Canada. They have proven they will ride the bomb down on net zero, immigration and repression so why not trade. They will just ramp up the repression to deal with any unrest. We will definitely need enforcement to stop China from laundering imports through them.
Addressing affordability is straightforward if politically difficult. Remove all the work visa - H1B along with spouses, OPT and the host of other programs disadvantaging working Americans. Removing 10-50M non citizens and allowing Americans to earn will address the issues quickly.
The PIIE chart is extremely positive for the USA. It provides a reasonable hope that China's exports to the US will gradually 'hollow out' as the countries which may start as transshipping will start to replace their Chinese imports. This avoids a sudden shocks if products all became unavailable until an entirely new production chain developed.
This is exactly how China slowly weaned its imports down with the China 2025 plan since announced in 2015. China knows how this works. Be interesting to see if they can find a way out.
Any rational attempt to confront a rival who dwarfs us in scale would enlist the support of fellow western democracies to confront them. Together, our scale exceeds China's, a critical factor in major power conflicts historically.
Instead, we tariff Canada, not Russia. We decimate our farm economy with tariffs, then send farmers welfare checks funded by tariffs to compensate-food stamps for those growing our food... We tariff bananas, tomatoes and other foods, then reverse course when the political heat gets too hot. We spend more time lecturing our friends over our juvenile culture wars than gathering them together to confront our real foe-China. It's all absurd, driven by an aging, angry, incoherent imbecile who sees tariffs as just another source of personal grift.
Is it any wonder that Don's polling on the economy is akin to Joepa's?
Good analysis. I think China is right though about the idiocy of EU/UK/Canada. They have proven they will ride the bomb down on net zero, immigration and repression so why not trade. They will just ramp up the repression to deal with any unrest. We will definitely need enforcement to stop China from laundering imports through them.
Addressing affordability is straightforward if politically difficult. Remove all the work visa - H1B along with spouses, OPT and the host of other programs disadvantaging working Americans. Removing 10-50M non citizens and allowing Americans to earn will address the issues quickly.
The PIIE chart is extremely positive for the USA. It provides a reasonable hope that China's exports to the US will gradually 'hollow out' as the countries which may start as transshipping will start to replace their Chinese imports. This avoids a sudden shocks if products all became unavailable until an entirely new production chain developed.
This is exactly how China slowly weaned its imports down with the China 2025 plan since announced in 2015. China knows how this works. Be interesting to see if they can find a way out.
Any rational attempt to confront a rival who dwarfs us in scale would enlist the support of fellow western democracies to confront them. Together, our scale exceeds China's, a critical factor in major power conflicts historically.
Instead, we tariff Canada, not Russia. We decimate our farm economy with tariffs, then send farmers welfare checks funded by tariffs to compensate-food stamps for those growing our food... We tariff bananas, tomatoes and other foods, then reverse course when the political heat gets too hot. We spend more time lecturing our friends over our juvenile culture wars than gathering them together to confront our real foe-China. It's all absurd, driven by an aging, angry, incoherent imbecile who sees tariffs as just another source of personal grift.
Is it any wonder that Don's polling on the economy is akin to Joepa's?