Wednesday, August 1, 2018

Trade War Update: U.S. Goes For China's Jugular


Companies have been slowly moving their production lines to Malaysia, Vietnam and elsewhere in Southeast Asia to avoid rising wages and land costs. 

If you want to know the endgame in this China trade war, it is probably this: redirect supply chains to favor American manufacturers; pressure the Communist Party to open its mega domestic market to Americans with no strings (already happening pre-tariffs); and challenge Chinese dominance in Asia, a dominance many in Washington feel was ill-gotten, partly on the backs of intellectual property theft.

China is an export-driven economy. It owes its wealth to that. The Trump Administration is going after China’s jugular. And China is feeling it.

More @ Forbes


  1. It's always been this simple. DC just didn't care.

    And I don't even want to "go after" China. I'm just tired of US wealth flowing overseas.

    1. tired of US wealth flowing overseas.

      As we all should be.

  2. Wow. Paul Craig Roberts calls for nationalizing US industries that have been outsourced to China, for national defence:

    I assume he's just going too far to make a point, as he's wont to do. But egad!

    1. I would never have expected this from him. Thanks.