2 ms·
Meanwhile China has a 1200 billion trade surplus. They are flooding the world with cheap Chinese shit despite the bloviating orange.
by PearlRiver 7mo ago
Meanwhile China has a 1200 billion trade surplus. They are flooding the world with cheap Chinese shit despite the bloviating orange.
- hedora 7mo agoIn other news, we’re still trying to backfill a reason for the Iran War. One theory is that we’ll starve China for oil, so their navy won’t be able to hold Taiwan. (Projections show the US losing a war like that badly due to them have orders of magnitude more naval yards than us.) Anyway, while enumerating all the ways in which that is a dumb plan, it occurred to me that the intentional slowdown in EV and solar uptake in the US is turning a manufacturing gap into an actual present day strategic gap. China imports a lot of oil, but, as a percentage of their economy, they are way less dependent on fossil fuels than us, and tariffs on solar/batteries are basically equivalent to us shipping them free energy production and distribution infrastructure.