Improvvisamente Bessent DIFENDE la Cina mentre crolla la tecnologia statunitense e crollano le es…

Improvvisamente Bessent DIFENDE la Cina mentre crolla la tecnologia statunitense e crollano le es…

SUDDENLY Bessent DEFENDS China as U.S. Tech Collapses & Japan’s Exports Crash

Donald Trump’s trade strategy, led by Treasury Secretary Scott Bessent, was designed to corner China by cutting it off from cheap Russian oil and gas. The plan aimed to raise costs for Chinese factories, making U.S. goods more competitive. Instead, the strategy backfired. China increased purchases of Russian oil, shifting payments into yuan, undermining the dollar’s role in global trade. Beijing also expanded ties with Iran, Saudi Arabia, and other exporters, ensuring long-term energy security.

The unexpected twist came when Bessent himself defended China’s right to buy Russian oil, calling it business as usual. Yet he sharply criticized India, accusing New Delhi of profiteering from reselling Russian energy. This double standard highlights Washington’s reluctance to confront Beijing directly while redirecting pressure toward India, an easier target despite being a key U.S. partner and Apple’s new iPhone production hub.

The economic stakes are massive. China once purchased over $26 billion of American agricultural products annually, nearly a third of U.S. soybeans. When Beijing cut imports during earlier tariff clashes, silos overflowed and farmers faced collapse. Washington scrambled to provide billions in subsidies, but no program could replace China’s market size. A complete cutoff would devastate farmers in Iowa, Illinois, and Nebraska, drive bankruptcies, and ripple into equipment makers like John Deere and port exporters.

The tech sector is equally exposed. The U.S. depends on Chinese supply chains and rare earth minerals essential for semiconductors, smartphones, EVs, and military hardware. Any Chinese export curbs could paralyze Silicon Valley within weeks. Apple’s $ billions shift into India was meant to reduce dependence, but U.S. sanctions are now hitting India as well, proving no partner is safe from Washington’s shifting policies.

Japan, America’s closest Asian ally, is also struggling under these pressures. In July, Japanese exports dropped 2.6% year-on-year, the steepest fall in four years. Shipments to the U.S. collapsed over 10%, while tariffs on Japanese cars cut deepest. A recent deal lowered tariffs from 25% to 15%, but that’s still six times higher than the historic 2.5% rate. As a result, Toyota, Honda, and Nissan face thinner profits, potential price hikes, or job cuts.

Japan also posted a trade deficit of 117.5 billion yen ($795 million) in July, while core inflation stayed high at 3.1%, with food prices up over 8%. Combined with record debt and demographic decline, Japan’s economy is cornered.

The broader irony is clear: sanctions meant to weaken China are straining U.S. farmers, tech firms, and allies like Japan and India. The question remains—who is really winning this trade war?

#China #Bessent #Trump
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