🚨

China is the only country that has escalated the hostilities in trade negotiations. Now China is trying to get other nations on their side to get around U.S. trade tariffs. No dice. They’re going to have a really hard time finding buyers for their imports. Trump has them walled off, losing over a trillion dollars in trade.

Europe, after the close last night, said they will not participate and and accept China’s rerouted goods.

EC Pres. von der Leyen: “The EU will not tolerate Chinese goods hit by US tariffs being redirected to Europe.

The European Union will also pause its first countermeasures against U.S. tariffs.

Australia Deputy Prime Minister Richard Marles shut down China’s offer to work together against Trump saying, they “will not make common cause or hold hands with China.’ Marles refused Chinese ambassador Xiao Qian’s invitation to “join hands” with Beijing to resist Donald Trump’s tariffs, saying Australia will pursue its own interests by diversifying its trade and reducing its reliance on China.

Italy’s Prime Minister Meloni is heading to the US next week to negotiate a trade deal on Italy’s terms, not the EU’s.

Further, countries surrounding china – Japan, South Korea, India, Taiwan are all aligned with the U.S.

China’s business model is predicated on incredibly imbalanced economy and exporting low cost and subsided goods to the rest of the world.



Comment on this Article Via Your Disqus Account