chapotraphouse

I love how the grand statement is made, but the conclusion was already true. In reality the Chinese government was ready for the tariffs, and they didn't panic, and that's true for most countries around the world.

Why didn't they panic? Because the US era of global economic dominance has ended. Other countries working together are more than capable of sustaining a stable global economy. They all know it. Everyone knows it except for some small percent of the American public who wants to hold on to American exceptionalism as long as possible.

And this is a good thing. It should not be the case for the globe that the US controls everything. It's just a bad idea in general, and it's certainly a bad idea under Trump.

USians had a choice for a managed decline back in 2016, but elected the way of pain. Real Century of Humiliation hours.

from am prospect today:

"Trump chickened out" was the top trending topic on China’s Weibo social media website on Wednesday, with more than 150 million views.

If I was China I would push hard. Like say you'll only resume rare earth exports if the US lifts semiconductor and litography embargos

lmao at this reply

He didn’t say he will fold. And he won’t.

However if no negotiation happens, the US will unilaterally take a decision based on their self-interest.

"Trump won't fold, he'll just *describes folding*."

The potential greatest fumble of human history. You thought it would be Sleepy Joe holding the bag but it’s ol’ Donny Deals bringing about end of America Dominance

I think we will soon see the largest sign of the shift take place as America becomes more anti immigrant and China opens up to it, and the brain drain shifts. Worldwide the best and brightest will all want to go to China and nobody will want to go to America. We are already seeing Chinese professionals fleeing America back to China. America relies heavily on imported skilled workers and without them its technology development will stagnate even more than it already has.

Ol Trumpster is 0 for 2 on trade wars against China, and now China has more allies if he tries a hot war.

China was just gifted a giant opportunity to to speed up the collapse of dollar hegemony.

And because Trump caused it by being an unlikable belligerent oaf nobody will blame them for pursuing it.

But China didn't get intimidated and responded in kind, and 21 days after not a single country - not one - made a "deal" with the US against China, or even signaled their intention to do so.

Besides the U.S. economy not being as hegemonic as burgerites imagine it to be, it makes sense that countries would side with the country that’s consistently built mutual growth across the globe rather than the unstable bully. The latter is much more likely to turn on you.

Why can that be??

Suez Crisis! Suez Crisis!