Biden Set to Hit China EVs, Strategic Sectors With Tariffs (invasion, retired)
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Biden fired the first shot and China shot back....they are dumping treasuries.
https://mishtalk.com/economics/is-ch...tis-uncertain/
China sold a record amount of Treasury and US agency bonds in the first quarter, highlighting the Asian nation’s move to diversify away from American assets as trade tensions persist.
Beijing offloaded a total of $53.3 billion of Treasuries and agency bonds combined in the first quarter, according to calculations based on the latest data from the US Department of the Treasury. Belgium, often seen as a custodian of China’s holdings, disposed of $22 billion of Treasuries during the period.
What first shot was that? China sold the bonds in the Jan-Mar period. Biden announced the new tariffs in May.
Joey wanting to start a trade war with the US s number one manufacturing country in the world.
When Trump beats Biden in November , the Democraps will point to Trump as starting a trade war with our number one inporter of the US.
Joe and his ilk tearing apart America to stay in power.
Oh do you think these tariffs on EVs are the first tariffs Biden put on China ?
What about the chips...remember that ?
China has no domestic demand to speak of as their largest generation has aged into their 50s and 60s. The subsequent generations that follow are demographically depleted. Without exports to Europe and the United States, the remains of China's economy are toast. The US will win in the end.
Except the Chinese EVs are selling like hotcakes around the world
Which is bad news for America. The US doesn’t even trust China with Tik Tok, and now Europe will be flooded with Chinese EVs for all that awesome spying and chips.
Quote:
Originally Posted by pennyone
and China has no plans to even come to the US...so....
Yeah, thanks to Biden.
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What first shot was that? China sold the bonds in the Jan-Mar period. Biden announced the new tariffs in May.
