Tpp was a terrible trade deal for American workers, just like NAFTA. It was a great way for American multi national corporations to ship jobs overseas. That type of pact will not be coming back anytime soon.
It was bipartisan for the most part. Even the drones on Reddit were shitting on TPP but of course when those dumbfucks realized that it weakens the US position in Asia-Pacific, they started pretending that they were all for it from the get-go.Trump did do quite a lot of damage to chinese tech companies and deteriorated relations a lot, but the one critical thing he did was pull out of TPP.
That basically sealed the fate of US decline and was the greatest shot in the foot by America in decades. 40% of global GDP at america's whim and fancy and they basically threw it away for nothing
The U.S. : OMG our trade deficit with China is too high, they need to buy more from us.Trump's coming to office, retrospectively speaking, was an excellent lesson for China and the Chinese. A country that aspires to be a major power in the world must never rely on foreign sources for supply of goods and components of highly sophisticated and important technology, especially from foreign sources that are vulnerable to being persuasion by a highly adversarial foreign power to prevent the supply of such items of highly sophisticated technology.
Trump's trade war did much more for Chinese companies to finally get their act together and to make investments into research, development, manufacturing of sophisticated items of technology and patronizing Chinese suppliers of such technology than exhortations and investment by the Chinese government or even comprehensive policy programmes such as Made in China 2025. Chinese companies were too fixated on their short term profit making, believing that the American government would forever pursue to logic of commercial profitability in the interests of their companies and those of their allies given that China is the largest market for such items of as semiconductors.
GTA steps up purchases of China homegrown fab tools
Credit: GTA
Shanghai-based analog chips foundry GTA Semiconductor has stepped up purchases from Naura Technology, ACM Research and other China-based semiconductor equipment makers to carry out its second-phase investment project in Lingang Special Area in Shanghai.
It's what happens when a dying empire masquerading as a "democracy" faces a real competitor. They have zero idea what to do except flail around making stupid policies until the inevitable collapse.The U.S. : OMG our trade deficit with China is too high, they need to buy more from us.
Also the U.S. : We need to stop selling high-tech products to China, and at the same time damage our own companies' reputations with unnecessary export controls.
I don't understand what is the ultimate goal of the United States, do they want to be China's supermarket? Because selling low-tech products isn't going to work, China can still make T-shirts cheaper than in the US. So the only thing left is agricultural products.
So kudos to American politicians (especial thanks to the Republicans), they managed to achieve in a few years what all the Chinese bureaucrats failed to achieve in the last decades: convince Chinese companies to buy local products. Local chips, local tools, local software, etc.
I don't think they will "collapse" but looks like that some of the policies are made by stoned teenagers.It's what happens when a dying empire masquerading as a "democracy" faces a real competitor. They have zero idea what to do except flail around making stupid policies until the inevitable collapse.
Tpp was a terrible trade deal for American workers, just like NAFTA. It was a great way for American multi national corporations to ship jobs overseas. That type of pact will not be coming back anytime soon.
Not directly related to semiconductor, but I see a lot of talk of Huawei
I had posted in the American economics thread that the Huawei "ban and replace" order was a joke because no one is acting on it due to high cost
Here is another such article just a few hours old!
Also mentioned was the waivers granted to Hikvision, lol, such powerful sanctions!
Another case of Virtue Signalling is cheap, but "Show me the money" is hard