09-05-2019, 12:39 PM
(09-05-2019, 11:36 AM)Tim Randal Walker Wrote: A friend of mine described Chinese exports as "cheap trinkets". This obviously is not stuff that the United States is dependent on. (Quite unlike the situation with the OPEC oil embargo). It is very easy to imagine getting this kind of stuff from Mexico.
In terms of money the U.S. has a humungous trade deficit with China. Financially, China is much more dependent on the U.S. than the U.S. is dependent on China. A trade war may bring economic pain to some U.S. industries, but over all the United States has the advantage.
I don't think the Chinese quite grasp something important...just how little enthusiasm Americans have for globalization.
China hasn't been selling cheap trinkets for a while now. What they sell is high quality final assembly (iPhones being a great example) and tech they've stolen from others (Huawei being a good example here). Beyond that, they've purchased companies to get their tech (Volvo among others). Remember, they have a first rate space program and make good military hardware too.
They are what we worried the USSR would become but never did.
Intelligence is not knowledge and knowledge is not wisdom, but they all play well together.
