This article is spot on. In our so-called battle for supremacy with China, China is catching up or beating us on nearly every technological and manufacturing front. Our current policy of tariffs and alienation of our allies are accelerants to Chinese economic hegemony that most nations did not want. While the US may currently hold an edge in high-end chips and AI, we are especially vulnerable in this area. Nvidia, AMD, Apple, and virtually every high-tech company are dangerously exposed if China moves on Taiwan. The bulwark against such Chinese aggression was always a united world, with the US as its leader, against such action. Donald Trump’s belligerence toward our allies has eliminated this ultimate soft power and will force our traditional allies toward durable, working relationships with China. Our business and political leaders are profoundly failing us by not reckoning with this obvious vulnerability. There has in fact, been a “rupture”. I believe US economy's exposure to Taiwan is profound and should be the subject of another excellent Catherine Tampell analysis. What happens to the "magnificent 7" if China moves on Taiwan and how would the world respond? I think the most likely answers are quite alarming. Nvidia and Apple, the two of the most valuble companies in the world, could be deprived of product to sell virtually overnight with no alternative manufacturing path for years to come.
Sorry for the typo - Catherine Rampell not, Tampell. Of course there are lots of things on the economic front to keep us up at night. Given that China taking action on Taiwan seems inevitable (or unstoppable), this feels like a topic not well enough explored. Taiwan makes over 90% of the high-end chips. This is a profound amount of leverage against the US and its now shaken allies.
Japan and Korea are talking?? This alone could demonstrate how bad our situation is. Next, I clicked on your "effectively abolish" link and the document appeared on my screen; I had a visceral reaction as if I had just seen a copy of mein kampf. Third, I like how you slid in that "bulwarks" into the second footnote...nice!! Finally, as I type this, I see an alert from the BBC that plans for a huge Chinese embassy in London have been approved after years of debate due to security risks. After reading this week's Receipts I immediately understand why this is happening now; this would NOT be happening had the orange god dictator not been elected in 2024.
After 25 years of wrangling, the EU and Mercosul, the South American Common Market, have finally reached a trade agreement. Both are getting closer to China, and now Canada is, too. It's happening, and it's picking up speed.
Why isn't Trump throwing China to the ground and making them pay reparations for 1.3 million US deaths and trillions in lost production and government outlays caused by their Covid Lab Leak accident at Wuhan. Not a pep about that...Trump would rather win a little weekend war in Greenland I guess.
Perhaps the world reaching out to China is a perfect example of Tru*p's Law of Unintended Consequences'. The world finally sees that Tru*p's actions are befitting no one except Tru*p, and there will be no repercussions by reaching out to China. In the long run, this may show China that peaceful and economic co-existence with the rest of the world's nations is far better that saber rattling against Taiwan.
I wouldn't have thought it possible, but the US has a guy in the office of the president who's now a murderer, very likely a child molester, a sex criminal against adult women, a self-interested grifter, a thief, a useful idiot and an active asset for Russia, a two-bit dictator attempting to justify deploying regular Army troops in US cities, and a constantly lying narcissist who's desperately trying make the Chair of the Federal Reserve his own personal puppet.
The EU already began making long-term economic deals with China, real ones.
Now Canada, with firm conviction, is giving Trump the bird and allying with
China.
Japan and South Korea have major trade deals with China.
The US has nothing but frameworks, lies and stale 19th century baloney that Trump believes.
Congressional Republicans, the Whole Party RINO, looks very much like North Korea's Supreme People's Assembly, who stand and clap like barking seals when the Trump-like Kim walks in.
China is seen as more trustworthy and reliable than the US as a partner.
China is busy building future global energy, business and trade partnerships.
China's "Artificial Sun," achieved a major fusion breakthrough last year by sustaining an ultra-hot plasma at over 100 million °C for 1,066 seconds, more than 17 minutes. The US repairs its few 30 years-old reactors. Acting Venezuelan President Trump spends his time trying to find refineries for the thick, sulphury oil he just stole.
All Chinese students study English from about 3rd grade through high school. However, look carefully and find kindergartens all over China with 5-year-old kids immersed in English. China has decided English is the language of business, commerce and trade in the future.
Hi Catherine, How are these govt shares held? It’s been reported the Venezuela oil money is being held in quatar in a veritable trump slush fund. Will Americans actually see any value in these shares or it just more Trump grifting? Thanks
And, and wait for it, now his former fixer Michael Cohen has been unmasked as a total fraud who may have pressured/threatened a sexual abuse victim (who was 13 at the time of the Epstein-related abuse) to drop her lawsuit against Trump a month before the 2016 elections, and who now is slithering back to Trump who is now posting on his UN-truth social media that this proves Cohen was coerced by evil prosecutors to lie about Trump ordering him/Cohen to “fix” and payoff Stormy which Cohen was convicted of by a jury of his peers and sent to prison for. The same Trump who has called Cohen a liar at every turn, is now using self-proclaimed victim Cohen’s “revelations” as fodder to go after those prosecutors and once again DISTRACT from his coverup of the Epstein Files as he/Trump threatens European countries, willfully destroying NATO. While sending his ICE Gestapo into our cities to foment terror. So many murderous distractions piled onto each other each day!
Now, back to the topic at hand, but keep in mind the underpinnings of Trump’s motivation is always diversion from scandal, and the coverup of the Epstein Files is the one and only scandal that has more or less crossed the “aisles” of partisanship. The GOP/MAGA suckers have routinely grasped for any straw they can to stay in DJT’s favor, but destroying NATO, invading Greenland, handing China (global economy) and Russia (Ukraine and immunity to invade more European countries) may prove resistant to these Trump tried-and-true distractions of the past. One can pray. One can hope. Mostly one must Resist. For Good!
This article is spot on. In our so-called battle for supremacy with China, China is catching up or beating us on nearly every technological and manufacturing front. Our current policy of tariffs and alienation of our allies are accelerants to Chinese economic hegemony that most nations did not want. While the US may currently hold an edge in high-end chips and AI, we are especially vulnerable in this area. Nvidia, AMD, Apple, and virtually every high-tech company are dangerously exposed if China moves on Taiwan. The bulwark against such Chinese aggression was always a united world, with the US as its leader, against such action. Donald Trump’s belligerence toward our allies has eliminated this ultimate soft power and will force our traditional allies toward durable, working relationships with China. Our business and political leaders are profoundly failing us by not reckoning with this obvious vulnerability. There has in fact, been a “rupture”. I believe US economy's exposure to Taiwan is profound and should be the subject of another excellent Catherine Tampell analysis. What happens to the "magnificent 7" if China moves on Taiwan and how would the world respond? I think the most likely answers are quite alarming. Nvidia and Apple, the two of the most valuble companies in the world, could be deprived of product to sell virtually overnight with no alternative manufacturing path for years to come.
Sorry for the typo - Catherine Rampell not, Tampell. Of course there are lots of things on the economic front to keep us up at night. Given that China taking action on Taiwan seems inevitable (or unstoppable), this feels like a topic not well enough explored. Taiwan makes over 90% of the high-end chips. This is a profound amount of leverage against the US and its now shaken allies.
100% Agree @Catherine Rampell. Keep this great content coming.
Holy hell the world order has completely turned on its head
Japan and Korea are talking?? This alone could demonstrate how bad our situation is. Next, I clicked on your "effectively abolish" link and the document appeared on my screen; I had a visceral reaction as if I had just seen a copy of mein kampf. Third, I like how you slid in that "bulwarks" into the second footnote...nice!! Finally, as I type this, I see an alert from the BBC that plans for a huge Chinese embassy in London have been approved after years of debate due to security risks. After reading this week's Receipts I immediately understand why this is happening now; this would NOT be happening had the orange god dictator not been elected in 2024.
After 25 years of wrangling, the EU and Mercosul, the South American Common Market, have finally reached a trade agreement. Both are getting closer to China, and now Canada is, too. It's happening, and it's picking up speed.
Why isn't Trump throwing China to the ground and making them pay reparations for 1.3 million US deaths and trillions in lost production and government outlays caused by their Covid Lab Leak accident at Wuhan. Not a pep about that...Trump would rather win a little weekend war in Greenland I guess.
Perhaps the world reaching out to China is a perfect example of Tru*p's Law of Unintended Consequences'. The world finally sees that Tru*p's actions are befitting no one except Tru*p, and there will be no repercussions by reaching out to China. In the long run, this may show China that peaceful and economic co-existence with the rest of the world's nations is far better that saber rattling against Taiwan.
I wouldn't have thought it possible, but the US has a guy in the office of the president who's now a murderer, very likely a child molester, a sex criminal against adult women, a self-interested grifter, a thief, a useful idiot and an active asset for Russia, a two-bit dictator attempting to justify deploying regular Army troops in US cities, and a constantly lying narcissist who's desperately trying make the Chair of the Federal Reserve his own personal puppet.
The EU already began making long-term economic deals with China, real ones.
Now Canada, with firm conviction, is giving Trump the bird and allying with
China.
Japan and South Korea have major trade deals with China.
The US has nothing but frameworks, lies and stale 19th century baloney that Trump believes.
Congressional Republicans, the Whole Party RINO, looks very much like North Korea's Supreme People's Assembly, who stand and clap like barking seals when the Trump-like Kim walks in.
China is seen as more trustworthy and reliable than the US as a partner.
China is busy building future global energy, business and trade partnerships.
China's "Artificial Sun," achieved a major fusion breakthrough last year by sustaining an ultra-hot plasma at over 100 million °C for 1,066 seconds, more than 17 minutes. The US repairs its few 30 years-old reactors. Acting Venezuelan President Trump spends his time trying to find refineries for the thick, sulphury oil he just stole.
All Chinese students study English from about 3rd grade through high school. However, look carefully and find kindergartens all over China with 5-year-old kids immersed in English. China has decided English is the language of business, commerce and trade in the future.
Almost a year ago I wrote that Trump was determined to make the US poorer, dumber, sicker and friendless. The project seems to be proceeding apace.
Malevolent stupidity and self-immolation.
Excuse me while I go scream into my pillow again.
Hi Catherine, How are these govt shares held? It’s been reported the Venezuela oil money is being held in quatar in a veritable trump slush fund. Will Americans actually see any value in these shares or it just more Trump grifting? Thanks
Hey, everything is easy when you don't know what you're doing, right?
And, and wait for it, now his former fixer Michael Cohen has been unmasked as a total fraud who may have pressured/threatened a sexual abuse victim (who was 13 at the time of the Epstein-related abuse) to drop her lawsuit against Trump a month before the 2016 elections, and who now is slithering back to Trump who is now posting on his UN-truth social media that this proves Cohen was coerced by evil prosecutors to lie about Trump ordering him/Cohen to “fix” and payoff Stormy which Cohen was convicted of by a jury of his peers and sent to prison for. The same Trump who has called Cohen a liar at every turn, is now using self-proclaimed victim Cohen’s “revelations” as fodder to go after those prosecutors and once again DISTRACT from his coverup of the Epstein Files as he/Trump threatens European countries, willfully destroying NATO. While sending his ICE Gestapo into our cities to foment terror. So many murderous distractions piled onto each other each day!
Now, back to the topic at hand, but keep in mind the underpinnings of Trump’s motivation is always diversion from scandal, and the coverup of the Epstein Files is the one and only scandal that has more or less crossed the “aisles” of partisanship. The GOP/MAGA suckers have routinely grasped for any straw they can to stay in DJT’s favor, but destroying NATO, invading Greenland, handing China (global economy) and Russia (Ukraine and immunity to invade more European countries) may prove resistant to these Trump tried-and-true distractions of the past. One can pray. One can hope. Mostly one must Resist. For Good!
Make America poor again! ( Sicker,less safe) Hail Xi and Putin!
Good lord, this is upsetting. Do away with the Fed? I don't think many people know this. Just when you think things can't get worse...they do.
How could this be a surprise to anyone? Global stove touching for his enablers (and everyone else, sadly).
China continues to be opaque about the origins of a pandemic that has killed 7 million people so far.