trumpf claims he wants to reindustrialize the US....
CHINA RETALIATES: Massive Trade War Heats Up as China Launches 34% Tariffs on US & Export Controls
DJ, Vietnam invited other US trade partners to discuss next steps in reaction to trumpf-tariffs...So China, EU, accepted the Vietnam invitation...
To reindustrialize the US the US would need to invest in infrastructure and education...The US is NOT doing that...
Global trade resulted in production processes of many goods diverted over several countries...Part of US car production crosses both the Canada and Mexico border...so "tariffs" encourage DE-industrialization...
China now stopped exporting rare earths to the US-China is the main exporter of these basics for a.o. chips/electronics used in US high tech weapons...
Maybe another reminder; US population is around 4% of the global population...Around 90% of ALL global population live in Eur-Asia-Africa...
So...the US sticking to the US$ as global payment system is in the wrong position to demand anything...
Europe may be in a US created conflict with Russia, see other US made conflicts with Iran, China, but it can no longer ignore the Asia market...India, China both have 1,4 billion consumers...booming economies...US has exploding debts...
