Just when you think the idiocy couldn’t get worse.
Good luck America! It’s not a dust bowl this time. It’s an orange turd that’s gonna ruin you.
Just when you think the idiocy couldn’t get worse.
Good luck America! It’s not a dust bowl this time. It’s an orange turd that’s gonna ruin you.
Will probably see further movements from the PRC to sell off US treasury bonds and shifting more away from the dollar in general, along with tighter export restrictions on rare Earth. China already said they won’t keep increasing tariffs, but they seem dedicated to not backing down, and they have the Material means to actually resist US trade aggression.
What would be incredibly based is if the PRC starts paying off loans in Africa with its dollars, decoupling the Global South from the US even further. Gets rid of dollars and debt in the Global South, potentially freeing up new customers for goods produced in China and strengthening ties.
American politicians tend to ignore that China has been an empire for two millennia, so the century of humiliation may be an outlier.
This is exactly what’s going to happen.
I hadn’t thought about this, but you’re right, this is the 4D chess play here.
Yep, the reason China hasn’t done it long ago is because it was biding time to build up BRICs and BRI so that it has alternative customers, and thus was more reliant on the US as a consumer. Trump’s strategy likely would have worked in the 90s, but we aren’t in the 90s anymore. Now that the US is destroying economic ties to the PRC, China can respond by severing the US’s ties to Africa, Latin America, the Middle East, and SEA. The EU will have to pick either China or the US.
don’t get my hopes up!
Would certainly be a huge benefit for African countries to free up money for more consumption, but I’ll retain cautious optimism.