At what point do we admit that China has dethroned the US?
wheres the biden blame? everything in 3 weeks in somehow trumps fault. this is all biden’s fault and needs to be corrected.
This map is mostly r/mapcrime because for about a third of the world the EU with $5.3T in trade is the biggest trade partner.
I love globalism /s
Making it harder to trade with the US, via tariffs, will surely help this situation right?
This is what happens when Democrats run your country.
China is going through their own financial struggles at the moment, with the economy showing signs of weakness. 2025 will be pretty pivotal for both countries.
This reminds me of a yt video: “vaush independently arrive at socialism with Chinese characteristics”
Is my understanding correct that the only way the trade deficit the US now had over such a long time didn’t lead to the USD devaluating much more vs. Most other currencies of countries which export to the US, especially China, is because the other countries artificially kept their currencies low by buying up US Assets (e.g. treasuries, bonds and stocks)? I mean China even pegged their currency to the USD.
Now if this is the case then what will tariffs do? Wouldn’t countries devalue their currencies even more to make up for the competitiveness they lose due to tariffs – ultimately making the USD even stronger? Wouldn’t this then lead to US exports being even less competitive increasing the trade deficit further?
Anyone who knows this stuff here?
But just what does this mean ? What have those countries enjoyed or how have they improved since then. Or, are they engaged via some very onerous terms that very much favor these new Chinese partners ?
China has trade with the west, not to help or improve those western economies but to increase western profits.
China became a “favored nation” trade partner in 1980.
China joined the WTO in 2001, after 14 years of negotiations ( that means negotiations started under Regan, continued though Bush I, Clinton, and Bush II)
The final agreement was a GOP introduced bill.
And the USA decided a trillion dollar military budget was more important than global trade. China decided they would use global trade to be a superpower.
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At what point do we admit that China has dethroned the US?
wheres the biden blame? everything in 3 weeks in somehow trumps fault. this is all biden’s fault and needs to be corrected.
This map is mostly r/mapcrime because for about a third of the world the EU with $5.3T in trade is the biggest trade partner.
I love globalism /s
Making it harder to trade with the US, via tariffs, will surely help this situation right?
This is what happens when Democrats run your country.
China is going through their own financial struggles at the moment, with the economy showing signs of weakness. 2025 will be pretty pivotal for both countries.
This reminds me of a yt video: “vaush independently arrive at socialism with Chinese characteristics”
Is my understanding correct that the only way the trade deficit the US now had over such a long time didn’t lead to the USD devaluating much more vs. Most other currencies of countries which export to the US, especially China, is because the other countries artificially kept their currencies low by buying up US Assets (e.g. treasuries, bonds and stocks)? I mean China even pegged their currency to the USD.
Now if this is the case then what will tariffs do? Wouldn’t countries devalue their currencies even more to make up for the competitiveness they lose due to tariffs – ultimately making the USD even stronger? Wouldn’t this then lead to US exports being even less competitive increasing the trade deficit further?
Anyone who knows this stuff here?
But just what does this mean ? What have those countries enjoyed or how have they improved since then. Or, are they engaged via some very onerous terms that very much favor these new Chinese partners ?
China has trade with the west, not to help or improve those western economies but to increase western profits.
China became a “favored nation” trade partner in 1980.
China joined the WTO in 2001, after 14 years of negotiations ( that means negotiations started under Regan, continued though Bush I, Clinton, and Bush II)
The final agreement was a GOP introduced bill.
And the USA decided a trillion dollar military budget was more important than global trade. China decided they would use global trade to be a superpower.
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