Most people forget, it wasn’t China that stole American jobs, it was American Big Business that hi-jacked American jobs, they did it with Nike, who ran sweatshops in Taiwan and Korea, then when it was no longer profitable moved to India, Indonesia and Pakistan. Apple did it with the iPhone and computers, even Harley Davidson and you don’t get more iconic than that. America has failed to realise that where the workers have money in their pockets they will buy products. Korea got rich, Japan got rich, China got rich and the standard of living rose in those countries. American standard of living sinks deeper every year. The rich get richer every year, and the poor only get poorer- no jobs - no money so they continue to buy overseas products because that is all that they can afford. Trump will continue to make the rich richer and he will blame the immigrants for stealing American jobs, but I don’t believe that a high school or university graduate will be driving taxis, working in an abattoir, sweep roads etc., etc..
So they printed trillions of USD and most flowed into Asia, South East Asia. Imagine happily greedily grabbing these worthless paper and giving away real products to the US.
Of course American politicians know that but shifted blame on other countries, but the U.S. government cannot make multinational companies spit out profits or tax the rich. Therefore, American politicians intend to bully China and even U.S. allies and make others pay for the mistakes of American multinational companies. But China is not weak. country.
It does matter who's in government, not so much in the short-term, but if Americans can consistently elect people who are financially responsible and not corrupt, then we can turn this trend around. It will take a long time and Americans aren't known for electing financially educated people into office so it's more likely America will simply collapse under the weight of the stupidity of its people while politicians launder all the money they can through pet projects and wars.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
The safest approach, in my opinion, is to diversify your investments. By spreading your assets across various classes, such as bonds, real estate, and international stocks, you can minimize the impact of a market downturn. It's also crucial to seek expert guidance to make informed decisions.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
I don't know why people like to talk the collapse of China' s economy. But sorry China disappoints them. The reality is that China's economy is growing by leafs and bounds! Congratulations to China a thousand times!!!
@@zoro-w8x1k overcapacity ? isnt every company interest to make product to sell world wide to make money? iphone sell world wide too why that not call overcapacity ?
@@jetli740EXACTLY!!!!..... THIS IS WHAT CAPITALISM IS ALL ABOUT HE WHO MAKES A BETTER MOUSETRAP...WINS.... HE WHO HAS BETTER CUSTOMER SERVICE....WINS.... HE WHO HAS A BETTER REPUTATION FOR THE PRODUCTS THAT THEY MAKE....WINS... HAVE AMERICANS ALREADY FIGURED THIS OUT BEFORE....NO..... They didn't learn from the Japanese They didn't learn from the Koreans..... And now they're not going to learn from the Chinese.... ....🇺🇸... Will you ever learn!?....
The Global South is watching, but they can't voice their concern because the US/West is still strong. They can only quietly cooperate more with China/Russia/BRICS, hoping that they're under radar of the West.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??
If you make China pay the tariffs, that would make more sense. If you let Americans pay the tariffs that would be bad for American citizens, make inflation higher. Not everyone is rich like Trump.😂
I mean the last round 92% of tarrifs were paid for by Americans... I'm sure Trump/republicans will just say prices are high because there's a trillion immigrants streaming in and buying everything up, making demand/prices high lmao
Read what a Tariff IS, The Importer of the Product Pays the Tariff, NOT the Country you Import from !! Then the Importer raises the price for consumers to cover the cost of the Tariffs, Basically it's a Tax on Companies who Import Products rather than making them in their own Country !!
US have a population of over 300 million. South America, Africa and Middle east and Asia combined surpass 1 billion. I think China has work that out long time ago not to rely on US trade! 5000 years of civilisation has taught China many things.
China doesn’t need usa for its products it’s more than one billion population along with its allies is sufficient for its produce unlike lousy Americans and their cronie westerns
Not sure about that. Nigeria and Zimbabwe aren't going to provide the 500 billion generated in the USA by China. And Europe will make sure the surplus intented for the US market will not be dumped here. But, fine with me, if China doesn't need the USA, then everyone is happy. The Americans are, the Chinese are. Let's hope the Europeans do their homework too and also remain happy.
@@Retroscoop There are a few more countries outside of the west than Nigeria and Zimbabwe mate, 7.5 billion people live there vs 500 million in the west, you are NOT that important, the truth might hurt your feelings but it's the truth.
Sry for that. But a little correction. We Chinese wont raise prices, it will be the US importers who will add the tariffes to prices and sell to US consumers.
Exactly, I am an importer, not going to switch import from China to other countries, I tried but China's factory is just much more efficient and better price over same quality, plus China has the best logistic helps importer to save time and money. If Trump raise the tariff, I will just increase the price. Can't believe anyone support the tariff increase, maybe they want to pay more tax to the US government thru the tariff, insane world.
AT LEAST AS AN ENGLISH, I CAN CREDIT TRUMP TO BE A SMART BUSINESS MAN. HE SHOULD KEEP THE STOCK MARKET FLOWS REALLY MUCH LIGHTER AND EVEN BETWEEN US & CHINA & THE EU. BUT NOT BE SO GENEROUS TO 'PUTIN'.
It's hard to understand why the US believes that the US benefits more with China as an enemy than as a friend in the long run. US is tribal, win-lose, and therefore emphasizes on dominance politics, mainly military. China is more about being friends to all, win-win, collaborative and emphasizes economics where all can benefit.
For the US, it's not about benefit.. It's more about being 'No.1'.. They know if they do nothing, China's going to overtake them as No.1. So, The US will do whatever it takes to take down China.
IF the US loses, the dollar lost its value, gov can no longer print them freely... The $36 trillion US national debts will be a huge problem. Thought I saw it somewhere, the US debt is averaged out more than $100K per person now... What would the tax rate be if that happens? unimaginable.... Anyone get close to the US economy scale would be the enemy. The last one was Japan in the 1980s. The US knocked it out pretty bad... has not recovered yet.
Because the United States only has a history of a few hundred years, and the Anglos are a pirate culture, their level of civilization is not enough for them to understand win-win cooperation, because they still retain a lot of animality.
Good point, and how is this gonna make us all better off? Those who supports such policies do not have any basic understanding of economics, or they are being foolish. One of the main principles of economics is that trade makes us all better off.
@@brianstover4626 Absolutely it does, but only when the trade benefits both parties. China doesn't let US businesses compete in their market, but we allow them to freely import products into our country? China's economy and growth relies on taking advantage of the US.
@@NorCalMoDo Well, BEFORE USA has what you characterise as "a long view" there would be either a revolution, or Civil war (However you wish to characterise it) That would not only be "Messy", but would eliminate "U" SA from Geopolitics for however long it takes. Then, afterwards, would uSA be a Republic like China, a Dictatorship? . Personally, I wouldn't call the "long view" you mention (As in the "P2025" version) "getting the act together". I would call it "Potentially catastrophic isolation"
The US may be a belligerent warmonger, but it is not insane. It avoided a direct confrontation with Russia in Ukraine because Russia is a very, very dangerous adversary. And the US will similarly avoid confronting China over Taiwan. Remember that the US has not fought with a military peer in nearly 80 years. Just about all of its wars have been against rice farmers and goat herders armed with AK-47. Remember that the US has not had a significant military victory in nearly 80 years. How will the US fare against China, which has the world's largest army and the world's largest navy? Remember that the US has just abandoned Ukraine. It will similarly abandon Taiwan. The US never cared about these two countries; they're just political pawns.
Right on most part but the last sentense is wrong. Trump will give in to whatever Putin demands, just to get Russia on their side. With this, America and the alliance can focus on China alone. In case war breaks up, at least, Russia wont be another war America has to fight. And yes, America doesnt dare go 1-1 against Russia.
Trump sure wanna make app other suffer. But China has planned to deal with these ill people by helping other countries to ready to deal with the threat. If you look around then you might see that many poor countries are now starting building high technologies manufacturers. Countries like Pakistan, Afghanistan, African countries are now building their own EV cars (start from EV scooter, Rishshaw, small cargo etc). They either corporate with Chinese manufacturers or their own. Other countries have already built their own EV like BYD Made In Mexico, Brazil has built manufacturer (with Chinese?) to build super heavy machines. Just don't listen to those Lying Clowns.
Not really. It will be bumpy, slow down and chaotic as it transitions out of the US sphere, but a strong China will cushion and lessen the impact. At the end of the day, those that will suffer the most will be the US itself. Almost all if not all of the world's necessary needs can be provided easily and affordably by China.
As an American I think the sooner we over the mind set that China is more dependent on us then we are on them the better. The reality is that China is more or less as powerful as us in every way. Having any kind of conflict with someone who is as powerful as your is definitely lose-lose in equal measure.
Exactly. And even if you bring ALL manufacturing jobs back to America, it's not like Americans will be able to work at $5 per hour, 6 days a week. So you're making things even more expensive to manufacture and produce in America, and consumers will have to pay. This means other countries will be more enticed to consume less of American products and services, because China's state-funded conglomerates now has the ability to produce innovative, high quality and durable products at a fraction of the costs from western nations. All China needs to do is slap tariffs back on American farm produce (corn, wheat, etc) as well as fmcg goods (coca cola, breakfast cereals, all the unhealthy snacks, fast foods etc etc) that hundreds of millions of Chinese consume on a daily basis. There are more starbucks and Mac donalds in China than all of Europe and the Oceanias combined.
Yes. Spot on. When one is too obsessed with stopping others, one will fall even harder and faster. China is already way ahead than the US in almost all key areas and almost all if not all countries of the world are going with China. Deep down, almost all world leaders have already decided where they will and should go to. They just didn't want to directly provoke and confront the US to prevent unnecessary conflicts. Tariffs won't work. Wars and threats also won't work and with Russia working closely with China, militarily wise, they are also ahead. Peace and trade are the only sane and right way left besides a scale full nuclear war where everyone loses BIG BIG time.
China does not need the US. The US needs China for the cheaper goods as your cost of manufacturing is 3-5 times higher in the US due to your high salaries than the rest of the world. How can the US consumers afford it? The higher price "profit" is NOT for the normal American but for the rich billionaire. You are NOT include in their Billionaire club. So you still work pay cheque to pay cheque every week.
LOL. It's funny how the hostress immediately goes berserk and talks down the most knowledgeable guest here when he starts stating facts like China's economy is still growing at 5%...
Revealed her vicious & vindictive nature when she sounded off like China's economy is dying - in reality, China is doing great domestically, there aren't millions of homeless tents, piles of human faeces and urine stench that is prevalent all across the US. China is very safe, clean and booming; majority of Chinese have lots of savings and physical gold. We have been like that for thousands of years. Back in the days, whenever my late mother had cash, she wud buy 999.999 gold. She used to scold us for buying 916 gold.
@@scaryscarface Chinese 5% is real number you just check China Auto Exports, but American 2.8% is still fake, You only need to look at the inflation rate under Biden regime.
What do you think we import from China? Copper is Chile cobalt for batteries is the Kongo. Food is mainly all domestic minus some from Mexico. Oil is either Russia or the Middle East. What do we get from China other than cheap labor? Things will get more expensive because Americans demand livable wages but I don't think this will have the negative impact you're referring to
@@Itchysac69Well in that case, all trade and economic activities between the US and China should be shutdown immediately and not tomorrow. It would be interesting to see, which will raise and waive the white flag first.
@@andyhughes1776 You think Trump can solve US's problems. He won only because Kamala is an awful choice, and Biden screwed up by not paying attention to grocery prices. Trump has no answers to US problems. He's going to screw up everything like last time. All he is is just a loud mouth bully. Just wait and see.
Its like russia oil EU countries do not buy Russian oil but buy Russian oil from India and Turkey ,US put tariff on China American companies and EU countries buy Chinese products from Mexico 😂
Because US policymakers have let China freely import products into our country while not allowing US businesses to compete in the Chinese economy. Rules for thee but not for me. The only winner in US-Chinese trade is China as it stands currently.
Let the next "century of humiliation 2.0" begins! From the position of garbage time in history weakness, it would be a catastrophic suicide for the CCP to engage with Trump for the second time.
Trump.... Dangerous. (IF he's not bypassed with the "Biden excuse" of "Cognitive decline" in maybe August/ September 2025?) America.... Third IF they're lucky (Long term)
In international trade or practice, tariffs are paid by the importer and evnetually goes to the consumer. This is plain and simple. To think otherwise, is stupidity
This is to show how stupid the American people are. How can you bring back manufacturing when your cost of manufacturing is 3-5 times higher than the rest of the world? Do you think American people will want to buy " MAKE IN AMERCIA" when the price is 100%-200% higher?
The Taiwanese feel more threatened by the US if anyone has enough courtesy to ask them. A handful of politicians cosying up to the US does not represent the hearts and minds of the people there.
China should not fret. Improve the Chinese product quality and offer the competitive price. American bizmen aren't jerks. They'll finally get the products from China
Chinese quality today is not the ones you remember from 90s and early 2000s. They have got good brands and not so good brands like any other countries. You get what you pay for.
Yes you can bring some, not all, jobs back to US, however the products made in the US will be much more expensive. People will get more domestic jobs but have less buying power with the US dollar. China has been helping keep the pricing and living cost low for the people in the US but people taking granted and don't realize the actual value their make can't support their current life style without the imports from China. To the people shopping at Walmart, Dollor tree, Homedepot and Amazon... the list goes on...
Even if the US can bring the manufacturing back home, still the supply chains play a pivotal roll in price competition. Plus the US labor costs 3-4 times higher compared with China
China has it all for common People. Affordable Solar Battery Wind Energy Tiangong Space Station Rocket Science and most important BRI Roads Rail Bridges Hospitals Schools Worldwide. Support China. ❤❤❤for a Better World 👍👍👍🌹🌹🌹
You don't really understand the EV market do you. Did you ever say VW can't compete with Toyota"? They BOTH built as many as they could make and sold them all. What you SHOULD be saying is BYD AND TESLA will dominate.... about 70% BETWEEN them. THAT will be WHEN BYD is FULLY BEV. They currently sell a large number of hybrid (Fossil Fuel) cars and the "not so bright" count those as "EV" production. LOOK at the DATA?
The U,S debt already tells us so. You have voted in a President who told you during Covid to drink bleach, and now you hand him the keys to the NUCLEAR BUTTON.
I AM AN AMERICAN BUSINESS MAN WHO HAVE BEEN TO CHINA.THE U.S IS 336 MILLION PEOPLE IN A GLOBAL MARKET OF 8 BILLION OF WHICH. CHINA IS THE LARGEST TRADING PARTNER ALREADY. THE CHINESE DOMESTIC MARKET IS 4X LARGER THAN THE U.S AND A DOMESTIC SAVINGS OF AROUND 18 AND A HIGHER PURCHASING PARITY.. U S IMPORTED AROUND 500 BILLION DOLLARS WORTH OF GOODS LAST YEAR AND EXPORTERS AROUND 150 BULLION DOLLARS WORTH OF AMERICAN PRODUCT TO CHINA LAST YEAR. AMERICAN FIRMS OPERATING IN CHINA GROSSED AROUND 480 BULLION DOLLARS WHERE AS THE U.S HAS CLOSED ITS MARKETS TO CHINESE MULTINATIONAL CORPORATIONS..SO NO ONE IS TALKING ADVANTAGE OF US AMERICANS..ITS WIN WIN RELATIONSHIP.
Ha, is what US state of economy, etc., is in, facing now 😮that's DT has to consider first, actually. DT is definitely not a village idiot ( as stupid K Rudd said ). First, USA is an indebted nation with 34 Trillion in counting etc. - all due to US simply 'abused' US dollars world currency status. A LOT OF US / WORLD PROBLEMS (BEFORE, NOW ) STAMPED FROM USA , CAUSED BY USA ITSELF. WHICH USA NOW SIMPLY (TRY TO 'FORGET') - AND BY US POLITICIANS. LUDICROUS, THE WORLD HAS TO PUT-UP WITH USA EVERY FOUR-YEAR ELECTION - COS' OF USA HEGEMONY RIGHT.
DD has rich mouths to feed, vacuous rich, empty mouths that have become used to a high standard of living. I expect the cost of keeping such a tribe is similar to the GDP of a small country. PS: Please do not complain about my typos all-I am suffering from cataracts in both eyes but cannot afford surgery - our own country is almost like a third world country as regards public health-and-to boot- the only JOY left in my life is reading. So I apologise for past, present and future typos, though I will try hard to catch them before publication. Sorry.
So ? Let's all turn to communism ? That creates corruption, red tape, inefficiency and a frivolous justice system. Anarchism ? That leads to wild capitalism...
USA has Sales Tax but no VAT or GST (if not wrong). Tariffs is a way to make Consumers pay but getting companies to return to America is a sure loser, due to highr wages ... like TSMC shifting to Arizona as Americans is not prepared to work 12 hours or more, having the same pay as Asians.
I wonder if the European Union's new system for catching the billions of Euros defrauded from the European Budget includes United States corporations via Eire or other EU Member States' shenanigans-and if so -how many billions of Euros of fraud against the EU are due to USA indirectly? I have not seen such declarations yet...
The manufacturing cost in the US is still 4 to 5 times higher than China. So, with a 60% rise in tariff, it would not bring work back to the US. Tariffs are paid by importers. Not by the exporters. So, in the end, consumers pay for this.
At the end of the day, the country that will win is the one which has a stronger society. A society with lower illiteracy rate, lower drug addiction, lower crime rate. US adult illiteracy rate: 21% China adult illiteracy rate: 4%
Cuba too has a higher rate, but I'm not so sure the Cubans are all super happy with the situation in their country. Which brings us to the Happyness poll: USA:.... China:.99,9999 % (officially) ....... (unofficially)
You are saying 1 in 5 Americans cannot read? I’ve never met a single American like that… meet a person on the street and they can still write a sign telling their story
@@user-gp9mk7wm1s I guess I don’t have the proper idea of what illiteracy meant. It seems to count people who read beneath a grade 5 level (so some might be completely unable to read). I would have thought that was just low literacy. But it does seem America is poorly educated according to statistics… apparently 54% of the adult population only reads at a middle 6-8th grade level. That’s crazy numbers
Based on Chinese Custom full year 2023 data, US trade with China is barely over 10% of total China world trade (664B vs 6 trillion). US trade war, even total decoupling is not going to break China.
US is not the only export market for China. China has diversified export market since the trade wars. Btw tariff is not the holy grail for American manufacturing industries. It is detrimental to the economy in the long run.
China said to the US... increase your export of high tech goods to China to close the gap.. US said....NO...."national security"...then US went back and cried about trade imbalance.....US went further and blocked even more high tech exports to China....and cried Even more about trade imbalance.... China' was like ...what do you want me to do since u don't want to export your own products to us...US replied...you are now my enemy..china said....if that's what you want...have it your own way.....do you see the problem here??
ASEAN countries, in that order of FDI from China, are going to Singapore, Indonesia, Vietnam, Malaysia, Cambodia, and Thailand. They will benefit the most from heavy tariffs on China. The Philippines' conflict with China has yet to help with China's FDI, and Myanmar's instability will also be a setback for FDI. Jobs are heading in that direction, not to the US.
Not just that but a huge percentage of those are going to Chinese companies in the ASEAN. So the US is deliberately stoking inflation in the hopes of screwing China more, but just ends up just screwing itself.
What is the current percentage of China's GPD that is dependent on exporting to the US? Just google it. China's exports to the US account for less than 3% of China's GDP. (It's 2.79% a year ago, and it must be lower now because China actually has been taking steps to gradually decouple from the US since 2018.)
AS tariff does not effect China but does raise prices on US citizens. And all those complaining about prices are in for a shock now just wait til prices jump greatly.
We made them wealthy it is beyond sick no wonder we have $33 trillion debt we don’t know how to budget including immigration, inflation infrastructure, education, ,manufacturing products, what a crisis President Trump has enormous issues to solve which everyone thinks it’s over night with a sleep.
As long as China remained the most efficient place for manufacturing, they have nothing to fear, all roads would ended in Rome. America does not have a manufacturing expertise anymore. What are they going to do? Move to another third worlds?
USA is, aware of China strength and indeptness of its military strength. The Korean War from 1950 to 1953 have frightened the United States that any encroachment near to China will see counter action from China. Taiwan will be a major flash point where China and USA will clash in battle.
OR.... CHINA will remain the "Adult in the room" and do nothing AS LONG AS uSA doesn't start a conflict. They have all the cards. WHEN uSA falls from their (Perceived) position of "World Leader" chian will still be there.
US has high illiteracy rate for a developed country and large numbers of its people in prisons. This reminds one of something said by Edward Gibbon: "History is indeed little more than the register of crimes, follies, and misfortunes of mankind."
It doesn't take an economist to figure out that teriffs will hurt the majority of Americans more than whatever gain can be made from those teriffs.. Lose lose mentality here but we are talking about US politicians so yeah.. Thats pretty much self explanatory.. lol
To address *Chinese 🇨🇳 unfair trade practices* and trade imbalances, President Trump is mandated to impose at least 60% tariffs on all Chinese products. - In addition, Mr. Trump will force China to honor its signature for the Phase-1 agreement.
It’s best to play friends than dominance.. US like to play Dominance of the world and when other countries dont do what the US like. they will cut help, put sanctions or tariffs on them. China is all about business and friendship.
Some numbers. 15% china GDP is export and inehich only 16% goes to US. So export to US is only 2.4% of china gdp. Also, if US collects all the tariffs as Trump Promised, it’s only 500 billion dollars while its deficit is around 2 trillions
The tariff is meant to compel US consumer to produce as much as they want to consume and not relying on their money to do the work for them…they have to do the real work…. But you and I know how happy or willing to do the long hours, hard and dirty work.
Most people forget, it wasn’t China that stole American jobs, it was American Big Business that hi-jacked American jobs, they did it with Nike, who ran sweatshops in Taiwan and Korea, then when it was no longer profitable moved to India, Indonesia and Pakistan. Apple did it with the iPhone and computers, even Harley Davidson and you don’t get more iconic than that. America has failed to realise that where the workers have money in their pockets they will buy products. Korea got rich, Japan got rich, China got rich and the standard of living rose in those countries. American standard of living sinks deeper every year. The rich get richer every year, and the poor only get poorer- no jobs - no money so they continue to buy overseas products because that is all that they can afford. Trump will continue to make the rich richer and he will blame the immigrants for stealing American jobs, but I don’t believe that a high school or university graduate will be driving taxis, working in an abattoir, sweep roads etc., etc..
So they printed trillions of USD and most flowed into Asia, South East Asia. Imagine happily greedily grabbing these worthless paper and giving away real products to the US.
i shorten it for you...corporate greed
@@jetli740Also corrupt politicians.
please do say it. it's a secret...
Of course American politicians know that but shifted blame on other countries, but the U.S. government cannot make multinational companies spit out profits or tax the rich. Therefore, American politicians intend to bully China and even U.S. allies and make others pay for the mistakes of American multinational companies. But China is not weak. country.
It does matter who's in government, not so much in the short-term, but if Americans can consistently elect people who are financially responsible and not corrupt, then we can turn this trend around. It will take a long time and Americans aren't known for electing financially educated people into office so it's more likely America will simply collapse under the weight of the stupidity of its people while politicians launder all the money they can through pet projects and wars.
It's a bit annoying and unfortunate. When i was born, the national debt was $2,150 per person. Now it's over $100,000 per person. And I'm not even that old. It's truly alarming and best advice get out of debt, make regular investments and be debt free and financially stable.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
Safest approach i feel to go about it is to diversify investments. By spreading investments across different asset classes, like bonds, real estate, and international stocks, they can reduce the impact of a market meltdown. its important to seek the guidance of an expert.
The safest approach, in my opinion, is to diversify your investments. By spreading your assets across various classes, such as bonds, real estate, and international stocks, you can minimize the impact of a market downturn. It's also crucial to seek expert guidance to make informed decisions.
No doubt, having the right plan is invaluable, my portfolio is well-matched for every season of the market and recently hit 100% rise from early last year. I and my Financial advisor are working on a 7 figure ballpark goal, tho this could take till 2025.
I don't know why people like to talk the collapse of China' s economy. But sorry China disappoints them. The reality is that China's economy is growing by leafs and bounds! Congratulations to China a thousand times!!!
China overcapacity need to be stoped 💪
1.6 billion dollars are spent by US government to smear and talk negative about China.
@@zoro-w8x1k overcapacity ? isnt every company interest to make product to sell world wide to make money? iphone sell world wide too why that not call overcapacity ?
@@jetli740EXACTLY!!!!..... THIS IS WHAT CAPITALISM IS ALL ABOUT HE WHO MAKES A BETTER MOUSETRAP...WINS....
HE WHO HAS BETTER CUSTOMER SERVICE....WINS....
HE WHO HAS A BETTER REPUTATION FOR THE PRODUCTS THAT THEY MAKE....WINS...
HAVE AMERICANS ALREADY FIGURED THIS OUT BEFORE....NO.....
They didn't learn from the Japanese
They didn't learn from the Koreans.....
And now they're not going to learn from the Chinese....
....🇺🇸... Will you ever learn!?....
@@zoro-w8x1k for Western countries, it is exporting. For China, it is overcapacity. It is so convenient to label it.
Many countries realized the bullying of US and they don't like US thry prefer China 🇨🇳
yea china isn't bully LOL, china destroys all other competition with brute full force and unfair practices. In a way it is even much worse then usa.
Who need a world thug and bully???😅
The Global South is watching, but they can't voice their concern because the US/West is still strong. They can only quietly cooperate more with China/Russia/BRICS, hoping that they're under radar of the West.
ur wrong i hate ur 🇨🇳
@@lizacarlson605 Look at the likes ratios I guess your opinion is insignificant.
I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.
I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes
What about you??
I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes
What about you??
Consider coming to Australia. We will welcome you here.
How can i reach Stephanie if you don't mind me asking?
Heard she’s an IA.
The World Support China.👍👍👍🌹🌹🌹
All these tariffs are against WTO rules.. But the US has blocked WTO by postponing, for years now, the appointment of appeal judge.
America is always number 1, so, on the way down is also number 1
Get out of the West Philippines Sea China u illegal there 😊
Many countries dont like the us ...
Many countries don't like China....
Nobody in the right mind will like US.I do not hate the American people but I do not like their foreign stupid's policies.
It' s the thé axis of evil
US is pointing a gun on everyome head forcing all to like him..😂
@@abdel57quaddi80 many countries don't like China...
If you make China pay the tariffs, that would make more sense. If you let Americans pay the tariffs that would be bad for American citizens, make inflation higher. Not everyone is rich like Trump.😂
Even if China paid them, they would just increase the export cost. Either way it gets passed down to consumers and causes inflation.
I mean the last round 92% of tarrifs were paid for by Americans... I'm sure Trump/republicans will just say prices are high because there's a trillion immigrants streaming in and buying everything up, making demand/prices high lmao
China cannot pay the tariffs. China is not the country buying those goods.
Read what a Tariff IS, The Importer of the Product Pays the Tariff, NOT the Country you Import from !! Then the Importer raises the price for consumers to cover the cost of the Tariffs, Basically it's a Tax on Companies who Import Products rather than making them in their own Country !!
If I'm Chinese merchant, i will simply increse the product price to curb the addtional cost, american will still buy it anyway, burh
US have a population of over 300 million. South America, Africa and Middle east and Asia combined surpass 1 billion. I think China has work that out long time ago not to rely on US trade! 5000 years of civilisation has taught China many things.
Please mention that to Trump
Don the Con
Are you ok?? All of those areas combined have a population that’s over 6 billion, 20x the US Population
The areas you mentioned have more than 3/4 the population of the world. 😂
China doesn’t need usa for its products it’s more than one billion population along with its allies is sufficient for its produce unlike lousy Americans and their cronie westerns
Of the 3, Mr. Tangen is the most knowledgeable and the most sensible. Keep up the good work, Mr. Tangen!.
US Tariffs means American consumers pay more for products, whilst the US government profits.
Even with tariffs many China products are cheaper than local goods. You'll see....
You are not in the their club so you are out. It is only for the rich billionaires and NOT for you. my friend.
Trump said to his supporters that they will be paying higher taxes for Chinese goods .
His dumb supporters cheered.
and production moves to places without tariffs (slowly but surely)
In short, yes and literally.
China doesn't need the USA,,thats a big problem,,,😂😂😂
Shame
Not sure about that. Nigeria and Zimbabwe aren't going to provide the 500 billion generated in the USA by China. And Europe will make sure the surplus intented for the US market will not be dumped here. But, fine with me, if China doesn't need the USA, then everyone is happy. The Americans are, the Chinese are. Let's hope the Europeans do their homework too and also remain happy.
@@Retroscoop There are a few more countries outside of the west than Nigeria and Zimbabwe mate, 7.5 billion people live there vs 500 million in the west, you are NOT that important, the truth might hurt your feelings but it's the truth.
China's export to the U.S. is only 3% of GDP so the U.S. is really not a big deal, very manageable!
But many Chinese die to live in America, but not in China, lied
Not sure who wins but we the US consumer lose because they will just raise prices
Sry for that. But a little correction. We Chinese wont raise prices, it will be the US importers who will add the tariffes to prices and sell to US consumers.
Economics 101💯💯💯🤣🇨🇳
Tariffs are just a thinly veiled taxation 💀
Exactly, I am an importer, not going to switch import from China to other countries, I tried but China's factory is just much more efficient and better price over same quality, plus China has the best logistic helps importer to save time and money. If Trump raise the tariff, I will just increase the price.
Can't believe anyone support the tariff increase, maybe they want to pay more tax to the US government thru the tariff, insane world.
AT LEAST AS AN ENGLISH, I CAN CREDIT TRUMP TO BE A SMART BUSINESS MAN. HE SHOULD KEEP THE STOCK MARKET FLOWS REALLY MUCH LIGHTER AND EVEN BETWEEN US & CHINA & THE EU. BUT NOT BE SO GENEROUS TO 'PUTIN'.
It's hard to understand why the US believes that the US benefits more with China as an enemy than as a friend in the long run.
US is tribal, win-lose, and therefore emphasizes on dominance politics, mainly military.
China is more about being friends to all, win-win, collaborative and emphasizes economics where all can benefit.
For the US, it's not about benefit.. It's more about being 'No.1'.. They know if they do nothing, China's going to overtake them as No.1. So, The US will do whatever it takes to take down China.
IF the US loses, the dollar lost its value, gov can no longer print them freely... The $36 trillion US national debts will be a huge problem. Thought I saw it somewhere, the US debt is averaged out more than $100K per person now... What would the tax rate be if that happens? unimaginable.... Anyone get close to the US economy scale would be the enemy. The last one was Japan in the 1980s. The US knocked it out pretty bad... has not recovered yet.
Because the United States only has a history of a few hundred years, and the Anglos are a pirate culture, their level of civilization is not enough for them to understand win-win cooperation, because they still retain a lot of animality.
@@NorCalMoDo And all those problem were cause by who? US cause it by themselves!!!
It's not just a "who benefits" game. We don't sell US cars in Germany for example. Yet we allow Germany to sell many cars here.
Is it a wonder why most of Trump's business went bankrupt?
@@Allgood33 he test it out with his business 6 times and moving up to country lol
Again Trump will shoot the US in its foot. When will he ever learn. 😂
scam on tax
so what. that's why america is great - it allows failure and second chances. fk the ccp.
Don the Con
Punishing China, what a stupid idea 😂
So you are Chinese ?
Never fund chinese communists.
Good point, and how is this gonna make us all better off? Those who supports such policies do not have any basic understanding of economics, or they are being foolish. One of the main principles of economics is that trade makes us all better off.
*best idea there is
@@brianstover4626 Absolutely it does, but only when the trade benefits both parties. China doesn't let US businesses compete in their market, but we allow them to freely import products into our country? China's economy and growth relies on taking advantage of the US.
China has a long-view
America plays short game every 4 years it could change
once the american got their acts together, it could be a long view too.
@@NorCalMoDo such as ?
Like talking nonsense making up story😂@@kazegarasu4704
@@NorCalMoDo
Well, BEFORE USA has what you characterise as "a long view" there would be either a revolution, or Civil war (However you wish to characterise it)
That would not only be "Messy", but would eliminate "U" SA from Geopolitics for however long it takes.
Then, afterwards, would uSA be a Republic like China, a Dictatorship?
.
Personally, I wouldn't call the "long view" you mention (As in the "P2025" version) "getting the act together".
I would call it "Potentially catastrophic isolation"
China has one view that doesn't take its population into account. America has to listen to its taxpaying voters.
The US may be a belligerent warmonger, but it is not insane. It avoided a direct confrontation with Russia in Ukraine because Russia is a very, very dangerous adversary. And the US will similarly avoid confronting China over Taiwan.
Remember that the US has not fought with a military peer in nearly 80 years. Just about all of its wars have been against rice farmers and goat herders armed with AK-47.
Remember that the US has not had a significant military victory in nearly 80 years. How will the US fare against China, which has the world's largest army and the world's largest navy?
Remember that the US has just abandoned Ukraine. It will similarly abandon Taiwan. The US never cared about these two countries; they're just political pawns.
10th like
All med
Yes, they keep trying 😂
U.S. cares about Taiwans semiconductor industries. That is why we mettle. U.S. exploiting Ukraine as well as far as resources and minerals 😮
Right on most part but the last sentense is wrong. Trump will give in to whatever Putin demands, just to get Russia on their side. With this, America and the alliance can focus on China alone. In case war breaks up, at least, Russia wont be another war America has to fight. And yes, America doesnt dare go 1-1 against Russia.
Mr Einar TANGEN is the best
He's improved very significantly over the last ~8 years.
Trump will create a worldwide depression. Let’s see how that makes Trumpers happy.😂
Trump sure wanna make app other suffer. But China has planned to deal with these ill people by helping other countries to ready to deal with the threat.
If you look around then you might see that many poor countries are now starting building high technologies manufacturers. Countries like Pakistan, Afghanistan, African countries are now building their own EV cars (start from EV scooter, Rishshaw, small cargo etc). They either corporate with Chinese manufacturers or their own.
Other countries have already built their own EV like BYD Made In Mexico, Brazil has built manufacturer (with Chinese?) to build super heavy machines.
Just don't listen to those Lying Clowns.
Not really. It will be bumpy, slow down and chaotic as it transitions out of the US sphere, but a strong China will cushion and lessen the impact. At the end of the day, those that will suffer the most will be the US itself. Almost all if not all of the world's necessary needs can be provided easily and affordably by China.
The direction it’s going is self inflicted global isolation of USA
Anyway this MAGA keep flipping without any sense of integrity,so don’t speculate 😂
Let the orange guy do his worst and he will NOT get his "Big Mac or KFC" Hahahahaha!!!!
Trump bankrupted a casino who knows what he will do to the US.
As an American I think the sooner we over the mind set that China is more dependent on us then we are on them the better. The reality is that China is more or less as powerful as us in every way. Having any kind of conflict with someone who is as powerful as your is definitely lose-lose in equal measure.
Exactly. And even if you bring ALL manufacturing jobs back to America, it's not like Americans will be able to work at $5 per hour, 6 days a week. So you're making things even more expensive to manufacture and produce in America, and consumers will have to pay. This means other countries will be more enticed to consume less of American products and services, because China's state-funded conglomerates now has the ability to produce innovative, high quality and durable products at a fraction of the costs from western nations.
All China needs to do is slap tariffs back on American farm produce (corn, wheat, etc) as well as fmcg goods (coca cola, breakfast cereals, all the unhealthy snacks, fast foods etc etc) that hundreds of millions of Chinese consume on a daily basis. There are more starbucks and Mac donalds in China than all of Europe and the Oceanias combined.
Yes. Spot on. When one is too obsessed with stopping others, one will fall even harder and faster. China is already way ahead than the US in almost all key areas and almost all if not all countries of the world are going with China. Deep down, almost all world leaders have already decided where they will and should go to. They just didn't want to directly provoke and confront the US to prevent unnecessary conflicts. Tariffs won't work. Wars and threats also won't work and with Russia working closely with China, militarily wise, they are also ahead. Peace and trade are the only sane and right way left besides a scale full nuclear war where everyone loses BIG BIG time.
American first nothing more nothing less.
China don't need USA
China does not need the US. The US needs China for the cheaper goods as your cost of manufacturing is 3-5 times higher in the US due to your high salaries than the rest of the world. How can the US consumers afford it? The higher price "profit" is NOT for the normal American but for the rich billionaire. You are NOT include in their Billionaire club. So you still work pay cheque to pay cheque every week.
LOL. It's funny how the hostress immediately goes berserk and talks down the most knowledgeable guest here when he starts stating facts like China's economy is still growing at 5%...
All these milky apes still think they are superior ..
All those guys and women knows nothing about economy.
Revealed her vicious & vindictive nature when she sounded off like China's economy is dying - in reality, China is doing great domestically, there aren't millions of homeless tents, piles of human faeces and urine stench that is prevalent all across the US. China is very safe, clean and booming; majority of Chinese have lots of savings and physical gold. We have been like that for thousands of years. Back in the days, whenever my late mother had cash, she wud buy 999.999 gold. She used to scold us for buying 916 gold.
@RichardLu-jw6pr Like, hey, let me remind you this is propaganda, not objective reporting. LOL
She, like many others, are brain dead on western economists narratives, that's why
If the GDP growth of China is 5% and its economy is faltering, then US is worse with only a growth of 2.8%
5% fake vs 2.8% real
@@scaryscarface says who ..? 😅
@@scaryscarface I wouldn't consider a country that's in fiscal deficit of $2T every year to be having 'real' growth either
@@scaryscarface Chinese 5% is real number you just check China Auto Exports, but American 2.8% is still fake, You only need to look at the inflation rate under Biden regime.
@@lvjinbin28USA ECONOMY IS SERVICES.....USA COMPANY PAY OWNER 70%/10 SHARE....PAID SLAVES 30% SHARE BY 10,000...98%PAY FOR COST OF LIVING....😂😅😢
What will happen if China 🇨🇳 cuts all trades with the US? Can the US survive without any Chinese products? 😂😂😂
What do you think we import from China? Copper is Chile cobalt for batteries is the Kongo. Food is mainly all domestic minus some from Mexico. Oil is either Russia or the Middle East. What do we get from China other than cheap labor? Things will get more expensive because Americans demand livable wages but I don't think this will have the negative impact you're referring to
@@Itchysac69the newly elected president has a lot of stuff he sell under the guise America first ..low and behold the stuff is made in ……CHINA..
@@Itchysac69Well in that case, all trade and economic activities between the US and China should be shutdown immediately and not tomorrow. It would be interesting to see, which will raise and waive the white flag first.
@@Itchysac69 keep your delusional thoughts 👍👍👍
@@Itchysac69 Bully never get respect and won't end well. Dude.
Trump is delusional
Nope, you are!
@@andyhughes1776 You think Trump can solve US's problems. He won only because Kamala is an awful choice, and Biden screwed up by not paying attention to grocery prices. Trump has no answers to US problems. He's going to screw up everything like last time. All he is is just a loud mouth bully. Just wait and see.
@andyhughes1776 I bet you think China will pay the Tariffs. 😂
@@andyhughes1776 He is
@@4tress300zx If they don't, then they won't have access to the world's largest consumer base.
It's THAT simple!
Its like russia oil EU countries do not buy Russian oil but buy Russian oil from India and Turkey ,US put tariff on China American companies and EU countries buy Chinese products from Mexico 😂
china went from a fly on the wall, to the elephant in the room. with money and power just as huge... today its all china 24/7.
Yehp😂😂
Because US policymakers have let China freely import products into our country while not allowing US businesses to compete in the Chinese economy. Rules for thee but not for me. The only winner in US-Chinese trade is China as it stands currently.
Last time, the world was caught off guard. This time China is prepared, it will call Trump's bluff.
Let the next "century of humiliation 2.0" begins! From the position of garbage time in history weakness, it would be a catastrophic suicide for the CCP to engage with Trump for the second time.
People in the future wont believe we put so much power and so serious decisions on the hands of one single person.
I didn't believe it before Nov 5th either.
I hear you 100%.
America first or Trump first ?
Trump and Musk
@@stevev4863 Musk is not the only one. There are many others.
American people first and Trump last with all his billionaire friends.
@@imjamming oh
Trump.... Dangerous. (IF he's not bypassed with the "Biden excuse" of "Cognitive decline" in maybe August/ September 2025?)
America.... Third IF they're lucky (Long term)
In international trade or practice, tariffs are paid by the importer and evnetually goes to the consumer. This is plain and simple. To think otherwise, is stupidity
This is to show how stupid the American people are. How can you bring back manufacturing when your cost of manufacturing is 3-5 times higher than the rest of the world? Do you think American people will want to buy " MAKE IN AMERCIA" when the price is 100%-200% higher?
Only own cost of liv8ng goes up ... American traders go to the world to buy stuff for usa 🇺🇸 ... American traders pay import taxes etc ...
Einar Tangen is the best
Chinese manufacturers should all increase price by 40% to make Trump tariff 100%. Don't worry they still need to buy no matter what.
Exactly 👍🏼
The Taiwanese feel more threatened by the US if anyone has enough courtesy to ask them. A handful of politicians cosying up to the US does not represent the hearts and minds of the people there.
Chinese propaganda has hit you hard, praying you recover
China should not fret. Improve the Chinese product quality and offer the competitive price. American bizmen aren't jerks. They'll finally get the products from China
You haven't realised that "Chinese quality" is BETTER than "uS quality"?
Chinese quality today is not the ones you remember from 90s and early 2000s. They have got good brands and not so good brands like any other countries. You get what you pay for.
Yes you can bring some, not all, jobs back to US, however the products made in the US will be much more expensive. People will get more domestic jobs but have less buying power with the US dollar. China has been helping keep the pricing and living cost low for the people in the US but people taking granted and don't realize the actual value their make can't support their current life style without the imports from China. To the people shopping at Walmart, Dollor tree, Homedepot and Amazon... the list goes on...
A repeat performance of the "JAPANESE CRAP CAR" ignorance when they first arrived
Stay strong China.
Trump doesn't even understand the word "tariff". 😭😱
🤣🤣🤣
Even if the US can bring the manufacturing back home, still the supply chains play a pivotal roll in price competition. Plus the US labor costs 3-4 times higher compared with China
the only way manuf can comeback is super inflation + de value usd they sure will have a lot of fun PEACE
Let's see how far the Americans can stretch their US dollars with this tariff war. China's lose will be because American can't afford to buy as much.
China has it all for common People. Affordable Solar Battery Wind Energy Tiangong Space Station Rocket Science and most important BRI Roads Rail Bridges Hospitals Schools Worldwide. Support China. ❤❤❤for a Better World 👍👍👍🌹🌹🌹
No womder Musk is nuthuggin Trumps' balls 😂😂😂 his Teslas can't compete with BYD...
That’s is survival instinct
You don't really understand the EV market do you.
Did you ever say VW can't compete with Toyota"?
They BOTH built as many as they could make and sold them all.
What you SHOULD be saying is BYD AND TESLA will dominate.... about 70% BETWEEN them.
THAT will be WHEN BYD is FULLY BEV. They currently sell a large number of hybrid (Fossil Fuel) cars and the "not so bright" count those as "EV" production. LOOK at the DATA?
@@rogerstarkey5390
Tesla market share in China less then 2%.
China is the biggest car market.
😂😂😂😂😂😂😂😂😂😂😂
Cry harder 🚼🇨🇳
@@rogerstarkey5390 well toyota is doing quite better than VW recently
For All of you people that don't no this the United States is done China is the new super power 😂😂😂😂😂
🤣🤣🤣
The U,S debt already tells us so. You have voted in a President who told you during Covid to drink bleach, and now you hand him the keys to the NUCLEAR BUTTON.
"Giving into a bully only encourages them." - Einar
Einar Tangen was the only one on this panel with the right mindset.
So stupid!!! It's like a blind rider riding a blind horse, and trying to guide others.
I AM AN AMERICAN BUSINESS MAN WHO HAVE BEEN TO CHINA.THE U.S IS 336 MILLION PEOPLE IN A GLOBAL MARKET OF 8 BILLION OF WHICH. CHINA IS THE LARGEST TRADING PARTNER ALREADY. THE CHINESE DOMESTIC MARKET IS 4X LARGER THAN THE U.S AND A DOMESTIC SAVINGS OF AROUND 18 AND A HIGHER PURCHASING PARITY.. U S IMPORTED AROUND 500 BILLION DOLLARS WORTH OF GOODS LAST YEAR AND EXPORTERS AROUND 150 BULLION DOLLARS WORTH OF AMERICAN PRODUCT TO CHINA LAST YEAR. AMERICAN FIRMS OPERATING IN CHINA GROSSED AROUND 480 BULLION DOLLARS WHERE AS THE U.S HAS CLOSED ITS MARKETS TO CHINESE MULTINATIONAL CORPORATIONS..SO NO ONE IS TALKING ADVANTAGE OF US AMERICANS..ITS WIN WIN RELATIONSHIP.
There's no winners. The real question is "who suffers more?"
Americas children & grandchildren will !
@@emilschattner3407and you
Ha, is what US state of economy, etc., is in, facing now 😮that's DT has to consider first, actually.
DT is definitely not a village idiot ( as stupid K Rudd said ).
First, USA is an indebted nation with 34 Trillion in counting etc. - all due to US simply 'abused' US dollars world currency status.
A LOT OF US / WORLD PROBLEMS (BEFORE, NOW ) STAMPED FROM USA , CAUSED BY USA ITSELF.
WHICH USA NOW SIMPLY (TRY TO 'FORGET') - AND BY US POLITICIANS.
LUDICROUS, THE WORLD HAS TO PUT-UP WITH USA EVERY FOUR-YEAR ELECTION - COS' OF USA HEGEMONY RIGHT.
Don't fool with the unpredictable weather man, nobody knows what's up his sleeves. Even his mouth doesn't trust his brain.
Haha 😂
perfect...
The fool on the hill😅
100% true weather report PEACE
America is dying Donald Duck should accept and stop childish tantrumps
🤣🤣🤣
DD has rich mouths to feed, vacuous rich, empty mouths that have become used to a high standard of living. I expect the cost of keeping such a tribe is similar to the GDP of a small country.
PS: Please do not complain about my typos all-I am suffering from cataracts in both eyes but cannot afford surgery - our own country is almost like a third world country as regards public health-and-to boot- the only JOY left in my life is reading. So I apologise for past, present and future typos, though I will try hard to catch them before publication. Sorry.
The competitive nature of Capitalism creates wars 😮
So ? Let's all turn to communism ? That creates corruption, red tape, inefficiency and a frivolous justice system. Anarchism ? That leads to wild capitalism...
BOYCOTT EVERYTHING ELON MUSK, Especially x twitter.
USA has Sales Tax but no VAT or GST (if not wrong). Tariffs is a way to make Consumers pay but getting companies to return to America is a sure loser, due to highr wages ... like TSMC shifting to Arizona as Americans is not prepared to work 12 hours or more, having the same pay as Asians.
I wonder if the European Union's new system for catching the billions of Euros defrauded from the European Budget includes United States corporations via Eire or other EU Member States' shenanigans-and if so -how many billions of Euros of fraud against the EU are due to USA indirectly? I have not seen such declarations yet...
The manufacturing cost in the US is still 4 to 5 times higher than China. So, with a 60% rise in tariff, it would not bring work back to the US. Tariffs are paid by importers. Not by the exporters. So, in the end, consumers pay for this.
At the end of the day, the country that will win is the one which has a stronger society. A society with lower illiteracy rate, lower drug addiction, lower crime rate.
US adult illiteracy rate: 21%
China adult illiteracy rate: 4%
Cuba too has a higher rate, but I'm not so sure the Cubans are all super happy with the situation in their country.
Which brings us to the Happyness poll:
USA:....
China:.99,9999 % (officially) ....... (unofficially)
You are saying 1 in 5 Americans cannot read? I’ve never met a single American like that… meet a person on the street and they can still write a sign telling their story
@@SMJ-l6r Check Wikipedia
Well said.
@@user-gp9mk7wm1s I guess I don’t have the proper idea of what illiteracy meant. It seems to count people who read beneath a grade 5 level (so some might be completely unable to read). I would have thought that was just low literacy.
But it does seem America is poorly educated according to statistics… apparently 54% of the adult population only reads at a middle 6-8th grade level. That’s crazy numbers
tariffs will be paid by the US people
Based on Chinese Custom full year 2023 data, US trade with China is barely over 10% of total China world trade (664B vs 6 trillion). US trade war, even total decoupling is not going to break China.
No China import so tariff have zero effect !.
US importers pay for the tariffs, not China. And ultimately US consumers will pay for the higher costs. Super inflation, here we come.
"uS importers" pay the price CHINA charges.
The Government adds a "Tariff" (Tax) to that price, which the CONSUMER pays.
@@rogerstarkey5390 sadly most US citizen dont know that simple fact
The US would suffer from the spending power :).
US is not the only export market for China. China has diversified export market since the trade wars.
Btw tariff is not the holy grail for American manufacturing industries. It is detrimental to the economy in the long run.
Trump tariffs will only help china to trade more w others...
Inflation will spiral 🇺🇸 to an early collapse 😂😂😂😂
GOD BLESS CHINA 🇨🇳
America will be great under Trump. And I'm happy to see that, although I'm not American. Strong America will stable the world.
Stabilize
😅😅😅china trade with global south are much more than china with usa 😂😂😂
RIP usa exports😅😅😅
🤣🤣🤣
China said to the US... increase your export of high tech goods to China to close the gap.. US said....NO...."national security"...then US went back and cried about trade imbalance.....US went further and blocked even more high tech exports to China....and cried Even more about trade imbalance.... China' was like ...what do you want me to do since u don't want to export your own products to us...US replied...you are now my enemy..china said....if that's what you want...have it your own way.....do you see the problem here??
ASEAN countries, in that order of FDI from China, are going to Singapore, Indonesia, Vietnam, Malaysia, Cambodia, and Thailand. They will benefit the most from heavy tariffs on China. The Philippines' conflict with China has yet to help with China's FDI, and Myanmar's instability will also be a setback for FDI. Jobs are heading in that direction, not to the US.
Not just that but a huge percentage of those are going to Chinese companies in the ASEAN. So the US is deliberately stoking inflation in the hopes of screwing China more, but just ends up just screwing itself.
Please give some to my country Bangladesh. 😊
Did China force you to buy, cheap products? .. what dumplings?
What is the current percentage of China's GPD that is dependent on exporting to the US? Just google it. China's exports to the US account for less than 3% of China's GDP. (It's 2.79% a year ago, and it must be lower now because China actually has been taking steps to gradually decouple from the US since 2018.)
China economy is going very well. . And increasing. .!!
trump only run 4 years for this 2 term,but our chinese president Xi will run forever until he won't , same as russia putin and north keriao.
公平兢爭，共創双贏，進步狀大，世界和平。
AS tariff does not effect China but does raise prices on US citizens. And all those complaining about prices are in for a shock now just wait til prices jump greatly.
It’s said is someone is playing chess while the other is playing checkers. Here, China plays the game ‘Go’, while trumpy plays horrible golf.
Chinese dont play Go.
Chinese play Wei-Qi.
We made them wealthy it is beyond sick no wonder we have $33 trillion debt we don’t know how to budget including immigration, inflation infrastructure, education, ,manufacturing products, what a crisis President Trump has enormous issues to solve which everyone thinks it’s over night with a sleep.
As long as China remained the most efficient place for manufacturing, they have nothing to fear, all roads would ended in Rome. America does not have a manufacturing expertise anymore. What are they going to do? Move to another third worlds?
little-India?😂😂😂😂
Great information....Sir.❤❤❤
Why people think China will lose the trade war?
Because they are too patriotic and blind
@@springtrap364 Americans are broke , 😂😂😂
Nah. I'd win.
USA is, aware of China strength and indeptness of its military strength. The Korean War from 1950 to 1953 have frightened the United States that any encroachment near to China will see counter action from China. Taiwan will be a major flash point where China and USA will clash in battle.
And USA will loose like Always
OR....
CHINA will remain the "Adult in the room" and do nothing AS LONG AS uSA doesn't start a conflict.
They have all the cards.
WHEN uSA falls from their (Perceived) position of "World Leader" chian will still be there.
China Number 1
China makes parts and ships them to Mexico to be assembled then shipped to the USA labeled Made in Mexico to avoid certain tariffs.
Can you prove this, with reliable documentary evidence?????????
@@sallyramage8439 yes i just saw a documentary on it
Mr Tangen is closest to the Truth
China
Yes, we will all pay the price.
US has high illiteracy rate for a developed country and large numbers of its people in prisons. This reminds one of something said by Edward Gibbon:
"History is indeed little more than the register of crimes, follies, and misfortunes of mankind."
Never Trade war in Dictionary,, Only Trade competition,, win more or less for both sides,, War is real destroy human life and property
It doesn't take an economist to figure out that teriffs will hurt the majority of Americans more than whatever gain can be made from those teriffs.. Lose lose mentality here but we are talking about US politicians so yeah.. Thats pretty much self explanatory.. lol
60% on all Chinese goods will hurt China for sure, but it will cause great depression 2.
who actually paid the tariff?
there’s really only two paths
and unfortunately America chose the PSYCHOPATH
To address *Chinese 🇨🇳 unfair trade practices* and trade imbalances, President Trump is mandated to impose at least 60% tariffs on all Chinese products.
- In addition, Mr. Trump will force China to honor its signature for the Phase-1 agreement.
So amerika practices fair trade? What drug r u smokin?
Kudos to Einar.
It’s best to play friends than dominance..
US like to play Dominance of the world and when other countries dont do what the US like. they will cut help, put sanctions or tariffs on them.
China is all about business and friendship.
US and China should be friend and partner to build a better world for Humanity peaceful existence
Trump should learn from the Soviet Union's downfall.
sleeping talking guy talking nonsense
USA must manufacture most of it own products create more jobs in the USA for it's people cut imports and put their people first.
it is not possible without raising the price . Cost in US is just too high compared to China.
What working for minimum wages??
Some numbers. 15% china GDP is export and inehich only 16% goes to US. So export to US is only 2.4% of china gdp. Also, if US collects all the tariffs as Trump Promised, it’s only 500 billion dollars while its deficit is around 2 trillions
The tariff is meant to compel US consumer to produce as much as they want to consume and not relying on their money to do the work for them…they have to do the real work…. But you and I know how happy or willing to do the long hours, hard and dirty work.