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by Fricken
3032 days ago
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What would holding China accountable entail, exactly? "America doesn't like they way you do civilization. We don't like the way you brought 650 million people out of extreme poverty in a generation. If you have to use authoritarian tactics to do that, it's better that they stay poor and addicted to opium. You have to disband now." "Oh, okay. Sorry America. We recognize the error of our ways. We will stop being China now." |
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Samsung for example is making the majority of their phones in Vietnam now.
US imports from Vietnam have gone from nothing to $50+ billion per year in 20 years. A 100 fold increase. It's equivalent to 1/4 of their entire economy and it's almost entirely a deficit. We're going to build large regional competitors to China for strategic purposes. Conveniently, they can also buy up US debt with all of those dollars we're pouring into their economy.
Some of this is because China's manufacturing costs have climbed so much, some of it is intentional strategic emphasis (as the TPP was / is meant to be). The US very clearly has shifted its political interest in Vietnam for example.