Renovating everything - buying more of everything?
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Trump Predicts Positive Outcome as US and China Resume Trade Talks in London
Trump is a terrible negotiator and picked the wrong fight. China is going to stick it to him in a big way. And though I have long despised the CCP, I am rooting for them now, as is much of the world. Mr. Trump is taking a wrecking ball to the pillars of American power and innovation. His tariffs are endangering U.S. companies’ access to global markets and supply chains. He is slashing public research funding and gutting our universities, pushing talented researchers to consider leaving for other countries. He wants to roll back programs for technologies like clean energy and semiconductor manufacturing and is wiping out American soft power in large swaths of the globe. China’s trajectory couldn’t be more different. It already leads global production in multiple industries — steel, aluminum, shipbuilding, batteries, solar power, electric vehicles, wind turbines, drones, 5G equipment, consumer electronics, active pharmaceutical ingredients and bullet trains. It is projected to account for 45 percent — nearly half — of global manufacturing by 2030. Beijing is also laser-focused on winning the future: In March it announced a $138 billion national venture capital fund that will make long-term investments in cutting-edge technologies such as quantum computing and robotics, and increased its budget for public research and development. The Chinese electric carmaker BYD, which Mr. Trump’s political ally Elon Musk once laughed off as a joke, overtook Tesla last year in global sales, is building new factories around the world and in March reached a market value greater than that of Ford, GM and Volkswagen combined. China is charging ahead in drug discoveries, especially cancer treatments, and installed more industrial robots in 2023 than the rest of the world combined. In semiconductors, the vital commodity of this century and a longtime weak point for China, it is building a self-reliant supply chain led by recent breakthroughs by Huawei. Critically, Chinese strength across these and other overlapping technologies is creating a virtuous cycle in which advances in multiple interlocking sectors reinforce and elevate one another. Yet Mr. Trump remains fixated on tariffs. He doesn’t even seem to grasp the scale of the threat posed by China. Before the two countries’ announcement last Monday that they had agreed to slash trade tariffs, Mr. Trump dismissed concerns that his previous sky-high tariffs on Chinese goods would leave shelves empty in American stores. He said Americans could just get by with buying fewer dolls for their children — a characterization of China as a factory for toys and other cheap junk that is wildly out of date. The United States needs to realize that neither tariffs nor other trade pressure will get China to abandon the state-driven economic playbook that has worked so well for it and suddenly adopt industrial and trade policies that Americans consider fair. If anything, Beijing is doubling down on its state-led approach, bringing a Manhattan Project-style focus to achieving dominance in high-tech industries. Mr. Trump’s blinkered obsession with short-term Band-Aids like tariffs, while actively undermining what makes America strong, will only hasten the onset of a Chinese-dominated world. -
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LA Mayor Bass statement on LA ICE roundup of Illegals…
The foreign flag argument at a protest or rally is weak. For decades I have seen the Mexican flag displayed when Lakers won a champiosnhips and riots started. What about the Palestinian flag during the "free Palestine" protests when a major freeway was blocked in LA? -
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Trump's crackdown on LA protests is pure hypocrisy
Back in March, I posted this poll:- 1
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Kilmar Abrego Garcia Returns to U.S. Amid Criminal Trafficking Charges
The chief criminal prosecutor in the state resigned in protest over this I wonder why??perhaps he thinks the charges are a sham and this guy is getting railroaded to appease the orange felon.you can be sure this administration (abomination) will use every intimidation tactic against anyone who defends him poor guys goose is cooked no doubt about it. -
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Crime Jealous Rage Ends in Cleaver Attack Over Love Triangle in Udon Thani
So having a mate that makes money and is stable is a consideration. Interesting.
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