Reply to thread

The Wall, the tariff, the trade wars... Trump is, maybe accidentally, very smart in selling them as a way to get back at China and save real American jobs, protect its borders etc. But it's all BS.

In 30 years when the new trade deal with Mexico and Canada is made public, I bet you it'll show he just screwed American workers as bad as Clinton and Bush Snr did the first time round.

You can see it in GM etc., announcng closure of a few plants in the US soon after. Moving it to Mexico.

The trade war with China serves two purpose, neither of which is to benefit the average worker in the US. In fact, it destroy more American jobs than it create; and it put that tariff burden on average consumers tha hurting Chinese/American importers.

The aim is to slow down China's rise. Getting manufacturers to move to lesser Asian countries. Exploit those poorer bastards there. Take some air out of China's manufacturing powress.

Second, it give American banks and manufacturers leverage to pry open the Chinese market, particularly its financials/banking/capital market for US innovation and profiteering.

I think that's how Tesla just became the first foreign manufacturer to completely own its operations in China. No partnership with a Beijing-backed partner.

Not sure if that's a smart move by Tesla as it'll just mean they're the sucker funding the whole project and Chinese admirers can just get the drawings for nothing.

The big prize is for the likesof Goldman Sachs coming in, helping Chinese firms raise capital; work with Beijing on projects; privatise them inefficient firms.

If Beijing is run by some idiot, they'll allow that.. and it's game over.