It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
originally posted by: BrianFlanders
Yeah. I need medication to live and I can't go a day without it so in my eyes, this man is dangerous. As soon as a guy like Trump gets in there people like me have all the reason we need to vote against him. He's just irresponsible. If the relationship with China goes to #, how many people would suddenly be cut off from the meds that are keeping them alive?
For those of you who support him, I ask you to please come to your senses. This is not a game anymore. This is not funny anymore. Donald Trump is crazy.
The U.S. government is planning to fund domestic rare earths projects in an attempt to reduce its reliance on China, the global leader of the specialized sector.
Snip
In an attempt to change that, the Pentagon last year said it would fund mines and processors via the Defense Production Act, which gives the military wide berth to procure certain equipment. U.S. President Donald Trump has recently considered using the same law to boost medical supply manufacturing.
originally posted by: dawnstar
Yep and china could call in all our debt they are holding, dump the treasury bonds they have...
I mean, wouldnt cutting all ties mean settling debts?
Lol.... ya, that ain't gonna happen..
originally posted by: dawnstar
Yep and china could call in all our debt they are holding, dump the treasury bonds they have...
I mean, wouldnt cutting all ties mean settling debts?
Lol.... ya, that ain't gonna happen..
originally posted by: dawnstar
Yep and china could call in all our debt they are holding, dump the treasury bonds they have...
I mean, wouldnt cutting all ties mean settling debts?
Lol.... ya, that ain't gonna happen..
originally posted by: scrounger
a reply to: Bhadhidar
the reality he COULD and in the long term it would benefit the US
lets deal in basic facts....
the trade deficit with china was 5 BILLION plus
that means in simple terms for every dollar we get from china they get from us 5 times as much.
that alone in basic economics means any financial pain we suffer they do 5 times as much.
we can survive that but they cant.
who are they gonna sell in that quantity to?
no one country or group of countries could do that.
yes in short term we would have shortages of some goods and rare earth elements.
but we can AND HAVE recovered from greater.
it will take sacrifice, some compromises like if you want to build a manufacturing plant or mine rare earth minerals (yes we do have them) the overdrawn environmental procedures are gonna have to be streamlined and a determination to do so.
remember in less than two years we went from theoretical nuclear tech to building a MASSIVE facility that created the bomb .
no reason we cant do that type of effort again.
in the long term either we will become mostly self sufficient again, china will capitulate to keep our business (btw we were ALREADY ON THAT ROAD thanks to trump where decades of presidents failed/china flipped us the bird), or a combination of the both.
you mock his tactics but I presume thats because your thinking of political tactics vs business tactics.
something our country desperately needs and (much to his critics shock) was working before the corvid crisis.
in short we are the "sugar daddy" of china (both economically and tech) .
that is power we should stop being afraid to use
stop being afraid of loosing pennies when your being robbed of billions
scrounger
In 2019, the total value of the U.S. trade in goods with China amounted to almost 559 billion U.S. dollars composed of a 106.6 billion U.S. dollar export value and a 452.2 billion U.S. dollar import value.
originally posted by: JAGStorm
www.businessinsider.com...
“There are many things we could do. We could cut off the whole relationship.”
I’m actually all for this, but I know there is no way many of Trumps friends are. Here’s looking at you Hobby Lobby, Walmart, Target, Dollar Store etc. This is posturing at the highest level. Our economies are so intertwined it is not even funny. A swift stop would hurt Americans more than the Chinese.
Right now China makes the bulk of the worlds shoes, seriously like 98%. Clothing..pfffft...Rare earth mineral, check! Like that cheap technology? I could go on and on. I am in no way saying we can’t bring these things back
Home, but it absolutely can’t be done in an instant. I don’t even think they would bring manufacturing home. It would probably go to Vietnam, Mexico, or maybe India. I hear India is getting pricey though.
Do you know right now the military can’t even get masks. We have local volunteer groups sewing for the military, police and first responders, they can’t keep up. Just imagine that, but with pretty much every product that makes up American life...