Trump and MAGA crowd overestimate the power of tariffs. Apart from Canada & Mexico, nobody depends much on exports to the US. The US exports to GDP ratio is 6% for Korea, 3.8% for Germany, 2.8% for China, and 2.1% for India
China is now a biotech leader, having surpassed the EU in drug discoveries and clinical trials. Cheaper healthcare for everyone in the world?
Pres. Trump’s proposals for tax cuts include: 🔹No tax on tips, overtime pay, or social security benefits 🔹Tax cuts for Made in America products. Good ideas.
Welcome to Xinjiang, China. What a great video of snowboarding!
How does socialism in China work? They have cars for under $1000! Of course, you can also buy a NIO for $100,000. But everyone should have an option to own a car.
A humble EV three-wheeler that costs $500 in China is now a huge success in small towns in the U.S. and Europe! “San Beng Zi” costs about $1500 in the US.
Robot sweeping the floor in a metro station in China. Will this work in your country?
US trade deficit in goods 1990-2024. The chart shows monthly deficits. However Trump tries, he cannot reverse this trend.
China imposes retaliatory tariffs on US coal and gas. Beijing also announces export controls on several critical minerals such as tungsten, tellurium, ruthenium, molybdenum and ruthenium.
Canada strikes back
Trump threatens to bring trade war to Europe.
What is the definition of insanity? Trump’s trade wars and tariffs - continued by Biden - did not shrink the US trade deficit. In fact, it has grown 50% in the last eight years.
Stunning chart on public EV chargers: China, EU and USA. When it comes to DC chargers, China = 40x USA. (DC chargers take minutes rather than hours to charge an electric car)
A smart hospital in China
Trump does not understand the “Triffin’s Dilemma.” Instead, he wants the world to use the US dollar, while not running trade surplus with the US. Impossible!
Canada to impose 25% tariffs on $155 billion of American goods. This needless trade war is a disaster for both parties.
The U.S. federal government is promoting home-schooling. Do you support it? Why cannot America fix its public school education?
Don’t mess with her! 🤣
Either Trump is a genius or he’s going to wreck the economy within a few months. Let’s see. Mexico and Canada have announced retaliatory tariffs on US goods.
Looks like Trump’s grand acquisition plans for Greenland may not succeed. 78% of people in Denmark oppose the sale of Greenland. And nearly half view the US a “big threat.”
Economics should not be solely obsessed with profits.
Just three companies control 88% of the largest corporations in the US. They are BlackRock, State Street and Vanguard. These three are also the largest shareholders of one another!
Global warming hoax kills brain cells
Trump tariffs galore
The amazing changes in China. Unprecedented in history!
