Comments by "D W" (@DW-op7ly) on "TikTok Plans Full Legal Fight If US Divestment Bill Enshrined" video.
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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 these days
These US multinationals are the ones sending you that junk
These multinationals are still using the same highly polluting labour intensive formula.
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
Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets
Same companies whose HQ is in a North American city you can easily go stand outside and protest at
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 I can show you during the trade war. China. didn’t pull out their big trade weapons, in fact hey we’re lowering tariffs to most countries not raising them
👇
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
1
-
1
-
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 these days
These US multinationals are the ones sending you that junk
These multinationals are still using the same highly polluting labour intensive formula.
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
Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets
Same companies whose HQ is in a North American city you can easily go stand outside and protest at
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 I can show you during the trade war. China. didn’t pull out their big trade weapons, in fact hey we’re lowering tariffs to most countries not raising them
👇
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
1
-
1
-
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 these days
These US multinationals are the ones sending you that junk
These multinationals are still using the same highly polluting labour intensive formula.
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
Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets
Same companies whose HQ is in a North American city you can easily go stand outside and protest at
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 I can show you during the trade war. China. didn’t pull out their big trade weapons, in fact hey we’re lowering tariffs to most countries not raising them
👇
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
1
-
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 these days
These US multinationals are the ones sending you that junk
These multinationals are still using the same highly polluting labour intensive formula.
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
Same companies who the American farmer and consumer were sacrificed. So these companies could get more or better access into those Chinese Domestic markets
Same companies whose HQ is in a North American city you can easily go stand outside and protest at
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 I can show you during the trade war. China. didn’t pull out their big trade weapons, in fact hey we’re lowering tariffs to most countries not raising them
👇
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
1