4 ms·
The Trade war that Trump started is still ongoing if you haven’t noticed https://en.m.wikipedia.org/wiki/China%E2%80%93United_States_trade_war https://en.m.wiki
by pm90 5y ago
The Trade war that Trump started is still ongoing if you haven’t noticed https://en.m.wikipedia.org/wiki/China%E2%80%93United_States_trade_war https://en.m.wikipedia.org/wiki/China%E2%80%93United_States_....
- cmrdporcupine 5y agoThe trade war was inevitable. Trump only made it crude, jingoistic, and America-centric rather than getting a hemispheric alliance. He alienated his closest trading partners (Europe but Canada especially) while simultaneously undermining the trade relationship with China. He was a blundering fool and his weakness contributed directly to the current situation in Ukraine, who he was willing to throw under the bus. I think "the west" (if we can speak of that still, though maybe we can even more after this latest crisis in Ukraine) will likely need an internally coherent trading bloc to counteract the situation in the east. That probably means a radical shift away from the China-Pacific trade push of the last 20-30 years and back towards a north-south and transatlantic route. My own country, Canada used to be a net food exporter, but now is a net importer, with large quantities of produce coming from China. It's going to have to change. Billions have been spent trying (and mostly failing) to build pipelines to Pacific tidewater to export Canadian oil and gas (LNG) to China. We should have been sending it east. Germany could do with copious amounts of LNG right now, and the US and Canada could be providing it, but the planning wasn't there. I can only hope the current crisis accelerates decarbonization in response -- but I fear the opposite will happen. All the "green energy" stocks I own are down, while oil and gas is up.