- 09 Sep 2021 06:18
#15189440
China has thoroughly SMASHED the US in the trade war initiated by Trump in 2017.
https://www.cnn.com/2021/09/07/economy/ ... index.html
What's positively titillating is how publicly and comprehensively Australia was thrown under the bus. The US is so desperate it did a bait and switch, now directly replacing Australia's former exports to China in a bid to mitigate its own weakness. This is further indication of the end of American superpower-it is actively depleting its allies to prop itself up. It can no longer maintain the global order it created without destroying its own economic leverage and political power abroad in the process. Pitiful. But all the more pitiful for Australia. I bear less resentment toward the Us than I do toward our own treasonous regime. Soon the day of the rope will come. Soon.
China's trade with the rest of the world surged to record highs last month, easing fears that a stubborn coronavirus outbreak and the global shipping crisis were stalling the economy.
Exports spiked 25.6% in August from a year ago to $294.3 billion, according to customs statistics published Tuesday. Imports jumped 33.1% over the same period to $236 billion. Both figures were the highest on record.
The massive growth compares to 2020 figures made worse by the impact of the coronavirus pandemic, but August's numbers were also well above economists' expectations, and stronger than gains seen in July.
For the first eight months of 2021, exports and imports rose 34% and 35%, respectively, compared with the same period last year. China's trade surplus hit $362.5 billion, up nearly 30%.
https://www.cnn.com/2021/09/07/economy/ ... index.html
What's positively titillating is how publicly and comprehensively Australia was thrown under the bus. The US is so desperate it did a bait and switch, now directly replacing Australia's former exports to China in a bid to mitigate its own weakness. This is further indication of the end of American superpower-it is actively depleting its allies to prop itself up. It can no longer maintain the global order it created without destroying its own economic leverage and political power abroad in the process. Pitiful. But all the more pitiful for Australia. I bear less resentment toward the Us than I do toward our own treasonous regime. Soon the day of the rope will come. Soon.