China, and South Korea, Japan, etc, are advanced way beyond us as regards technology.
What is so crazy is the US is shooting itself in the foot with these tariffs.
As you know, both Europe and Asia are quiting the US and gladly making new long term deals with Canada for everything from factories with cheap power, environmentally acceptable farm products and metals, etc.
Countries like South Korea and Japan, China and Europe jumped at the chance to quit the US with those tariffs, and go to tariff free Canada, so the US will lose much of that trade long term.
Canada has an abundance of environmentally acceptable products from both farm goods to metals like aluminum, copper, nickle that meet EU carbon requirements, and rare earths, and very valuable potash.
Trump told the world they would have to pay a minimum to do business with the US which was so stupid!
And Canada told the world they could trade with them without tariffs, and is more honest and stable than the US and so a much better trading partner and was an easy substitute.
Canada has already signed tens of billions in new projects.
Plus nations trust Carney, and he knows how to set those trade deals up and build a new infrastructure to meet the new demand.
IMO, The US is going to fall hard as the world sells the US and Canada is set to become a new world power.
The big crash is going to be if the world quits buying the US debt, and if inflation spirals our of control. |
