China imported no soybeans from the U.S. in September, the first time since November 2018 that shipments fell to zero, while South American shipments surged from a year earlier, as buyers shunned American cargoes during the ongoing trade dispute between the world’s two largest economies.
I mean, more seriously, it’s not a war anyone can win. China’s insourcing a lot of their productive capacity, but not because they love the idea of jettisoning all the talented Western engineers and manufacturers. It’s because they can’t risk being sanctioned out of the supply chain on some asshole’s racist whims.
The US/China relationship was symbiotic. Ending it hurts us all.
We continue to enjoy enormous professional, technical, and industrial capacities. But we’re cannibalizing them for short term profit.
It’s not anywhere close to gone, but it won’t last forever, either.
Yeah the conflict is not actually benificial to anyone except rich people (just like actual wars)