china can literally just sell US Dollars for Yuan (chinese currency) and keep people afloat while US begs for talks because rare earth mineral processed materials are going dry and idiot US won’t bail out the thousands of industries affected by same
the whole thing is so stupid because zero manufacturers are going to invest in the US when policy inevitably switches back in 3 years
Bessent said the pressure was on China because it is more dependent on exports to the US than vice versa.
“They sell us about five times more than we sell them. So their factories are closing down as we speak,” Bessent said.
Applying capitalistic logic to a communist country. The workers will be taken care of regardless if the factories stay open or not.
he’s such a clueless dipshit. got lucky on a leveraged currency squeeze, makes a billion dollars, now after getting his ass kissed for 20 years he truly thinks he’s competent
what a disgusting sinophobic article. whoever wrote it is
par for the course for a British outlet
they call me the paper tiger folks, 纸老虎 in Chinese, I fold under no pressure, all it takes is a little rain or a little water and I crumple.
Not like those Chinese, now they are iron tigers, real tigers, and all they had to do was… Nothing.
make them beg.
