The tariff truce between China and the United States is set to end in August. What do you forecast will happen after that? And what will happen to trade relations between China and the US for the rest of US President Donald Trump’s second term?

cross-posted from: https://beehaw.org/post/21644011

The US will not be able to prevent the emergence of multipolarity, but it will try. Trump will try one thing or another, but without success or coherence. Multipolarity has already arrived.

The broad pattern of economic convergence — in which the emerging economies narrow or close the income gap with the high-income countries of the West — means that Western hegemony is over. This is leading to deep frustration, not only in the US political class but in Europe as well.

China vastly outproduces the US in advanced industrial goods, such as EVs, solar power, wind power, advanced nuclear power, batteries, low-cost 5G and many other key technologies. China incorporates AI into advanced manufacturing processes more than the US.

Many European leaders feel that if they stick with the US against China and Russia, then maybe the Western hegemony will continue. This is delusional in my view, but nonetheless creates a lot of noise, friction and risks of conflict. None of it is a coherent strategy, however.

The US has no strategy to stay ahead of China. In fact, the US can’t succeed in that. We hear a lot of US sabre-rattling against China, Russia and the BRICS countries. This is all dangerous. I think the heated rhetoric by itself can become a self-fulfilling prophecy of war. There are a lot of ignorant people in the US political leadership, and I worry very much about their naivety and delusions.

  • CoolThingAboutMe@beehaw.orgOPEnglish
    8·
    3 days ago

    I found this a long but very interesting read. Particularly the repeated idea throughout it that US foreign policy has long had the goal of suppressing other powers and maintaining dominance, but that their actions this year are actually having the opposite effect.

    • ikt@aussie.zoneEnglish
      2·
      2 days ago

      Trump is a retard, everyone knows this, don’t need an article written by a traitor to realise this

  • Hanrahan@slrpnk.netEnglish
    4·
    3 days ago

    Well, TACO again so the tarrif trruce has been extended.by a another 90 days.

    USA is not our friend, I’d rather we had much closer ties with the EU and maybe even investigated membership.

    • ikt@aussie.zoneEnglish
      1·
      2 days ago

      USA is not our friend

      I think this is a fake belief, something we tell ourselves to feel like we’re different but if you talk to the average non-politics engaged Aussie they love America

      The three shows from megastar Taylor Swift – across February 16, 17 and 18 - will live on in MCG folklore as the stadium’s highest-selling concert series and highest-selling artist of all time.

      https://mcg.org.au/whats-on/latest-news/2024/february/she-can-still-make-the-whole-place-shimmer

      American Food Dominates:

      • 🇺🇸 1. Subway - 1,227 locations (AU) (Sept 22)
      • 🇺🇸 2. McDonald’s - 970+ locations (AU) (Sept 22)
      • 🇺🇸 3. Dominos - 716 locations (AU) (Sept 22)
      • 🇺🇸 4. KFC - 712 locations (Sept 22)
      • 🇺🇸 5. Hungry Jacks - 445 locations
      • 🇨🇳 6. Red Rooster - 335 locations (Au)
      • 🇺🇸 7. Pizza Hut - 270+ locations (as at Sept 22)
      • 🇦🇺 8. Guzman Y Gomez Mexican Taqueria - 208 locations (as at Sept 22)
      • 🇦🇺 9. Zambrero - 206 (AU) locations (as at Sept 22)
      • 🇨🇳 10. Oporto - 176 locations (as at Sept 22)

      https://www.franchisebuyer.com.au/articles/the-10-biggest-fast-food-franchises-in-the-australian-market

      Hell yeah Red Rooster, had no idea they were so popular but it looks like they’re not owned by Australia? They’re owned by

      The Hong Kong-based money manager oversees about US$50 billion of assets across credit and markets

      https://www.scmp.com/business/banking-finance/article/3172119/private-equity-firm-pag-seeks-us2-billion-listing-hong

      So updated the flags on those to Chinese :(

      Movies, tv shows, video games, everything in tech? what are some things in our society not dominated by America?

      This sucks :(

    • vas@lemmy.mlEnglish
      1·
      1 day ago

      I’m personally new to reddit. Do you have any recommendations on what to do with posts that you think waste your time or provide disinformation? Unsubscribe from the author? (But that would not be scalable if communities and new people join.) Unsubscribe from groups [that don’t have moderation policies you align with]? But then I’d be pushing towards gated communities or something like that…

      Any recommendations?

      • ikt@aussie.zoneEnglish
        11·
        1 day ago

        tough question, most of the time I just leave it alone, this is a waste of time overall, I have spent like 30 years, over 50,000+ posts on various forums over the years so reading nonsense isn’t particularly an issue

        Outside of that I don’t mind reading just about anything, if anything I want to read articles that argue against what I believe so I can develop a better understanding of their position, if only to critique my own or better understand it so I can argue against it better

        just part and parcel of internet forums I think, that said if they’re just constantly posting non-sense that doesn’t add value to what I’m interested in then block is just a click away :)