Comments by "D W" (@DW-op7ly) on "The Biggest US Trading Partner Is No Longer China!" video.

  1. In 2022, Mexico's imports from China exceeded its exports by more than 100 billion U.S. dollars. In that year, the value of products imported from this Asian country reached approximately to 118 billion dollars, whereas exports totaled to about 10.8 billion dollars. Statista
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  2. What most people don’t get? Is it is US multinationals making the lion share of those profits inflating the trade deficit between China to the USA Where Chinese companies trade with their Belt and Road country partners Using illegal labour from South East Asia. Or more and more automation in their wholly owned factories in China These are the same companies who got those trump tax cuts you for sure cheered about Same companies based in China who derived 392 billion in sales in Chinese domestic markets in 2018 when trump started his trade war Same companies whose high flying stocks are in your 401k/Pensions Why didn’t China pull the nuclear option and boot these companies you might ask? They don’t believe in a zero sum game type of thinking As you can clearly see in the trade war they didn’t pull out their big trade weapons 👇 Trump’s ‘trade war’ with China won’t be so easy to win Having learned these value chain lessons, Beijing has worked hard to bring more of the high-value-adding parts of value chains into China, and to build hi-tech industries in which it can establish a globally competitive position. China has successfully done this in areas like high-speed trains (CRRC), digital telecoms networks (Huawei), drones (DJI) and hi-tech batteries (BYD). Trump’s team is not wrong to be worried about China’s competitive emergence here, and to target these new-tech sectors in the latest trade war sortie.But here’s the problem: China exports almost none of these new-tech products to the US, making US tariff threats meaningless. Rather, they go to developing economy markets – many embraced by the Belt and Road initiative – where China has succeeded in building a hi-tech, high-value brand reputation. As Trump’s team will quickly learn, the challenge of finding China’s pain points is bigger than expected: for a decade China’s priority has been to base growth on the domestic consumer economy and reduce reliance on the low-value-adding export processing industries (many of which are US- or Hong Kong-owned and concentrated in the Pearl River Delta) SCMP
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  3.  @linkking46  China believes if it makes the economy of another country stronger? it means more trade between the 2 countries and better economy for both … where the USA has a zero sum game mentality, where one side has to win and one side has to lose
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  4. The trade war wasn’t because of trade deficits is because China has not opened up fast enough or even “more” Our western 1%ters are not stooopid. 👇 Project Syndicate The value of global China China faces important questions about whether and to what extent it should continue to pursue opening up its economy to the rest of the world, write Jonathan Woetzel and Jeongmin Seong in Project Syndicate. In any case, China and the world face important questions about the trajectory of their mutual engagement. At stake, according to our simulation, may be some $22-37 trillion in economic value – or 15-26% of world GDP – by 2040. McKinsey
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