China: Multiple Fronts

Let’s start today with the trade war front. If you thought it would get better, well, it has not. It is quite possibly the worst-case scenario. It does not matter if you are Walmart, Amazon, or a local mom-and-pop retailer selling, oh, I don’t know, Dungeons and Dragons, Pathfinder, or Battletech. If you understand pricing, you are sweating bullets right now. As of tomorrow morning, any product from China will be taxed at 104 percent at the import point.

I don’t care how big you are; you will not eat that up. And incidentally, the Vice-President, JD Vance, is throwing gasoline on that fire:

We borrow money from Chinese peasants to buy things that these same Chinese peasants make, — US Vice President Vance on Fox News.

Chinese Foreign Ministry spokesman Lin Jian said that “it is both shocking and saddening to hear such ignorant and disrespectful words from the US vice president.”

Full excerpt:

“What has the globalist economy given the United States? The answer essentially boils down to two principles — we accumulate huge debts to buy the things that other countries produce for us.

“To put it simply: we borrow money from Chinese peasants to buy things that these same Chinese peasants make.”

— The Guardian