Actually, China has other ways to respond, such as placing warship purchase orders with these dockyards to make up for the loss.
Trump 2.0 official thread
- Thread starter siegecrossbow
- Start date
Warships cannot even fulfill a fraction of the civil ship orders. China as the largest trading nation needs to have a massive civilian ship stockpile to trade with many countries. But port fees will destroy shipping companies unless they are supported with opposite port fees.
Everyone online keeps talking about USD falling. It hasn't? At least not in any real world terms. Everything being purchased online for the everyday consumer is still denominated in USD and our local currencies are as they were against USD before Trump. Outside of the blip a couple of weeks ago, I don't see for example 1 AUD trading for 0.8 USD yet or something of that effect.
Which online app you talking about? Like amazon? Or like shoppee in southeast asia?
And who else have the capacity for large-scale ship building? It is literally a seller's market, just like many other fields that China dominates at. Cargo cranes, drones, solar panels are just some of the examples. The low prices Westerners enjoy is because of the competition between Chinese manufacturers driving the prices down. And somehow US still doesn't understand any of this.
Honestly, IMO Chinese manufacturers should behave like Japanese and Koreans in forming a price cartel and restricting supply against the Western consumers. Take Toyota Sienna for example, consumers in NA are more than willing to wait for 12 months for a brand new vehicle - some even willing to pay $10K extra to skip the wait. And that's with a starting price of $50K+ CAD vs. ~$40K equivalent in the Chinese market without waiting.
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lcloo
Major
US is not the World. Chinese made cargo ships and tankers will still in demand for sea routes from China to Europe, Middle East, Asia, Africa, Latin America, Canada, Maxico, Australia.
Let the Koreans and Japanese make ships specifically for US ports, China don't care. Going forward US seaports will handle far less than current volume of goods as imports and exports will drop dramtically.
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I would just wait and see how the market reacts over the next year or so. Ships are ordered years ahead of the time, there's plenty of time to assess the impact and then make a decision. That IMO is just common sense. If you're not in a rush to make a decision, it's always better to get more information and put in more consideration before making one.
lcloo
Major
4 year later a new US president take over, the scenarios will change again. The effect on Chinese ship builders and owners are expected to be temporaly.
Trump has less than 4 years to play play. The World can just wait him out. If the congress can impeach him, he probably won't last till this Christmas.