Saturday, November 30, 2024

Yikes! Industries warn of devastating effects of Trump's tariffs; Trump ignores his own poor record

3 comments:

  1. Other than during CoVID, the US had the highest employment rate and fastest growing economy during Trump's first administation. Such a terrible record.

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    Replies
    1. Trump was responsible for the impact of COVID. Your cherry picking is dishonest

      Delete
    2. China’s new trade war blow could be fatal for US’s ability to arm itself
      America is scrambling to find new suppliers of key materials for weapons while Beijing rapidly expands military production





      In the not so distant future, both China and the United States could be at war, triggering the most significant global crisis since World War Two.

      Tensions between the two global superpowers have been steadily escalating, as Beijing prepares its military to capture Taiwan.

      In response, Washington’s generals have been steeling themselves for a fight, devising new war-fighting strategies and building new military alliances.

      While we’ve not yet reached the stage of a “hot war” just yet, the tech war is well and truly underway.

      On Tuesday, China retaliated against US chip export curbs by banning shipments of materials critical to the production of weapons in the other direction.

      The commerce ministry in Beijing announced the export of “dual-use” items related to gallium, germanium, antimony and superhard materials to the US had been suspended.

      Military hardware
      Most commonly the materials are used to produce everyday items like solar panels, batteries and semiconductors.

      But they also play a role in the production of key military hardware, including missiles, communications systems and armour-piercing bullets.

      On Monday, Washington announced restrictions on the export of critical semiconductor manufacturing tools and a ban on shipments of advanced high bandwidth memory (HBM) chips, which are used in artificial intelligence systems, to China.

      Antimony is the material that is likely to be looked at most closely.
      https://www.telegraph.co.uk/us/news/2024/12/03/china-new-trade-war-could-fatal-us-arm-itself/

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