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We're still buying millions of dollars worth of oil from Russia daily because our government is afraid of blowback from further energy price inflation. Economi
by zdragnar 5y ago
We're still buying millions of dollars worth of oil from Russia daily because our government is afraid of blowback from further energy price inflation.
Economic sanctions on China would absolutely cripple us. I don't doubt that, if they were committed to the idea, the CPC would likely be willing to ride out whatever we actually cobble together in response. They've been pushing heavily for self reliance in every industry for quite awhile now.
- vandreas2 5y agoIt would cripple them too. Being rich is only relative.
- zdragnar 5y agoThey haven't had too much of an issue with what Americans would consider insane lockdown measures during COVID. Given the trade surplus they have been running for years- well over $3 trillion worth total held in their foreign exchange reserves- I suspect they know (or believe) they would weather the sanctions better than we would. See: Disney, Apple, Nike and dozens of other large corporations all cut off Russia over Ukraine, yet maintain healthy relationships with China despite all of the horrors reportedly committed against the Uyghur Muslims.
- SkyMarshal 5y agoThe most extreme scenario is decoupling Asia, Europe, and North America from China. As in, they all shift their manufacturing elsewhere and block all imports from China. That would of course drastically harm the West, at least temporarily, but it would be far more devastating to China and the mass uprisings could end CPC.