Democratic lawmaker slams Stephen Miller's diatribe on US imperialism in Venezuela and Greenland. Miller claims US will secure resources unapologetically. Sanders calls out administration's priorities.
the scenario in which China just stops selling to the US would probably collapse China’s economy too. Think about it. Why is the national debt so high? How is it that high and yet “most prosperous nation in the world”? International investment. There’s a lot of money invested from China and other countries. Their investments are only good so long as the American economy is good. International investors can leverage American debt to them as sort of capital asset to thereby invest in other things…
It’s a giant domino effect. When China pulls out, the American economy will likely collapse… but, then all the money people had invested and had leveraged also collapse… and so then those international investors can’t pay their debts because they have nothing to leverage it with and thus also collapse… and so on and so forth… the ripple is wide.
The EU is almost the same size of market as the US, and the southeast Asian countries as a group are a larger customer than either of those.
Cutting off the US won’t cripple China. Plus the Chinese government is very willing to play the long game if they can foresee an eventual positive outcome for themselves.
the scenario in which China just stops selling to the US would probably collapse China’s economy too. Think about it. Why is the national debt so high? How is it that high and yet “most prosperous nation in the world”? International investment. There’s a lot of money invested from China and other countries. Their investments are only good so long as the American economy is good. International investors can leverage American debt to them as sort of capital asset to thereby invest in other things…
It’s a giant domino effect. When China pulls out, the American economy will likely collapse… but, then all the money people had invested and had leveraged also collapse… and so then those international investors can’t pay their debts because they have nothing to leverage it with and thus also collapse… and so on and so forth… the ripple is wide.
While the US may be one of their biggest single customer (representing about 16% of China’s exports), they’re far from China’s only customer.
https://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China
The EU is almost the same size of market as the US, and the southeast Asian countries as a group are a larger customer than either of those.
Cutting off the US won’t cripple China. Plus the Chinese government is very willing to play the long game if they can foresee an eventual positive outcome for themselves.