After Trump announced a 125% penalty tariff on all Chinese goods,
he postponed the coming into effect for all other foreign tariffs.
One day later, China raised its tariff on US goods to a level of 125%.
But that's probably not the end for both sides.
The Future of the US Working Class .....
[Screenshot from a Chinese AI video on X]
Original Article as PDF from the Indian Source on Sept. 5, 2024
During his first time in office, president Trump already declared his intention to get back from China the jobs they "stole" from the US. Now, in his second term he feels strong enough to trigger a war on tariffs to create jobs for the American nuts who voted for him, hoping for a well-paid job that would not require too much brains. He therefore follows a binary strategy:
- First, he surrounded himself with inadequate advisors like Musk or Robert Kennedy jr and launched an incredible attack on the education system of the US, all that to make his followers believe: "I am one of you, like nobody else !", and to shrug off the white-collar guys with their Harvard exam.
- Second, he started his blackmail campaign of raising trade tariffs that are targeting each and every nation, but especially China, to get anything he wants from them. His real intention is to get back the "American Dream" that once had been sold to poor Chinese workers by prospering US enterprises in an outsourcing campaign serving their shareholder value.
Now that these people, whose parents barely survived the Cultural Revolution, successfully made something great of their new opportunities under a less restrictive economic policy, Trump and his accomplices are grabbing at their new "Chinese Dream" of getting a fair outcome from hard work. And this time it's no longer about the manufacturing of cheap plastic parts for the US market, but as well about the production of quality steel, fine cars and cell phones.
The new Chinese tariffs for computer chips are distinguishing between those companies whose wafer production is located in China or Taiwan and those who produce their wafers in the USA. US based wafer manufacturers are already experiencing a significant loss in their shareholder value. [Reuters on April 11]
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