Once MAGA Man, the Deplorable Serial-Liar Donald Trump declared a tariff war with most of the world, China started looking for other markets to buy the same products it has always bought from the United States.
For instance, “China’s soybean imports from the United States plunged to zero in November, marking the first time since the trade war between the world’s two largest economies started that China has imported no U.S. supplies,” CNBC said, “Instead, China has leaned on Brazilian imports to replace the U.S. cargoes, customs data showed on Monday.”
About 120-million Chinese work in manufacturing but China’s total workforce is estimated to be almost 800-million and a lot of what is made in China is also sold to Chinese consumers, and Industry Week says, “China’s export share of its gross domestic product has fallen from 37 percent in 2007 to slightly less than 20 percent today, an important outgrowth of a decade-long rebalancing.” (reported on April 2018)
Because of the explosive growth of China’s middle-class over the last thirty years from no middle class to more than 400-million, China doesn’t have to rely on the U.S. market as much as it once did. That’s why China is in a stronger position to give MAGA Man the middle finger and tell him to “F” off.
In fact, China is already doing it by being passive aggressive. To achieve this, China is punishing his supporters by threatening their businesses and/or jobs.
“Over the summer,” The New York Times reported, “the Chinese took aim at Mitch McConnell, the Senate majority leader. In his home state, Kentucky, 18,000 jobs depend on whiskey. So they (China) put a 25 percent tariff on it. Representative Paul D. Ryan, the House speaker, is from Wisconsin, a leading producer of cranberries. So cranberries were added to the list, for good measure. And China went after pork and soybeans, two of the leading farm products in Iowa, home of Charles E. Grassley, a powerful member of the Senate Agriculture Committee.”
The Financial Times also reports, “China is shifting its growth model to one relying more on consumption … In 2000, US consumption levels were 13-times larger than China’s but are now only three-times larger and the gap is closing. … The plausible assumption, however, is that over the next decade a mass consumer society will emerge in China. This will begin to approach that of the US in scale …”
In addition, The Chicago Tribune says. “A Chinese-owned pork producer is eligible for federal payments under President Donald Trump’s $12 billion farm bailout, a program that was established to help U.S. farmers hurt by Trump’s trade war with China.” That means when China buys American pork, they are really buying Chinese pork raised and butchered in the United States. And that isn’t the whole story. According to AXIOS, “Chinese investors and firms own (the) majority of 2,400 U.S. companies.”
Oh, and MAGA Man means Moscow’s Agent Governing America. MAGA has nothing to do with Making America Great Again and everything to do with destroying the United States. Since that is obvious to China’s leaders, they are already adapting by finding goods in other countries that they once bought from the U.S.
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