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Danny Haiphong
CHATS WITH
BEN NORTON
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China FLIPS Trump’s Trade War into MASSIVE Win, Tariffs BLOW BACK on US w/ Ben Norton
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ALL CAPTIONS AND PULL QUOTES BY THE EDITORS NOT THE AUTHORS
3 comments
Once tariffs exceed 100%, they are effectively sanctions. The Duran say the Trump tariffs on China are analogous to the Biden sanctions on Russia, the repetition of a previous failed strategy:
https://podbay.fm/p/the-duran-podcast/e/1744904510
What happened to Russia? They found eager alternative markets for their exports, particularly oil which was merely rebadged by importing countries such as India, then onsold to the West at a higher markup, creating inflation in the West. Russia embarked on intensive national self sufficiency development and after being hit by 27,000 US sanctions, Russia had a GDP growth of 4.1% in 2024, compared with the USA’s 2.5%.
What will happen to China after 245% or 1000% or 1000000% US tariffs? China has many eager customers domestically and overseas for their high tech high value products. Additionally it is easy for China to export to low sanctioned countries where items can be rebadged and sold as made in Indonesia or wherever. There are hundreds of ways the US tariffs can be bypassed.
Brian Berletic suggests the US strategy is to divide the world into separate autarkic US and China trade blocs, establish self sufficiency in the US bloc in terms of rare earths, computers etc which are necessary for advanced military hardware, then launch a hot war on China (which the US cannot do now, being dependent on China for rare earth’s, computers etc)
https://youtu.be/NSWMEc8J88Y
I think that scenario is a total impossibility because it will take many years for the USA to reindustrialize to achieve such autarky and the US will experience economic collapse well before that.
Prof Richard Wolff says that the USA is a crumbling empire in denial of the fact they are facing their inevitable end.
EXCELLENT CLARIFICATION/SUMMARY, ERIC.
To further clarify, using my inside sources, Caligula’s horse would do a better job than the US “leaders”
Trumpty Dumpty: we are being crushed by unpayable debt. How can we raise revenue while also cutting taxes for our donor billionaires?
Peter RonVara: In the gilded age we got plenty of revenue from tariffs and there was no income tax
Stephen Moron: I can write a smartypants math formula to balance the books
Scott Pissant: McKinley expanded US territory, increasing US wealth. We can grab land too.
Howard Nutlick: I like to lick nuts.
Peter RonVara: We will make billions and foreigners will pay for it.
Stephen Moron: we hold all the Trump cards over China
Scott Pissant: Tariffs are a stroke of genius, China will not respond.
Howard Nutlick: Nuts are not a metaphor for testicles.
Trumpty Dumpty: Tariffs sounds like a beautiful word, a beautiful word.
Howard Nutlick: Don, can I lick your nuts?
Scott Pissant: Let’s put the tariffs to a vote
Caligula’s horse: Neigh! Neigh! Neigh!
Scott Pissant: The Ayes have it!
Howard Nutlick: horses’ nuts are also tasty.