Sverige har större överskott i handelsbalansen än Kina
Handelsbalans och tjänstebalans 6,3 Procent av BNP 2023
RE: Inte konstigt med en sådan växelkurs
Stora vinster för företagen och aktieägarna.
The EU will be forced to follow Joe Biden’s tariffs against China
... whether it likes it or not, otherwise Europe will alone face the concentrated trade shock from Xi Jinping’s predatory mercantilism.
An open world economy cannot coexist under normal trade patterns with a deformed Chinese economy that accounts for 13pc of global consumption but produces 31pc of global manufactured goods.
China’s trade surplus has ballooned to 5pc of GDP
The China Shock, published by the US National Bureau of Economic Research in 2016, concluded that the overall effect cost 2.4 million American jobs directly, lowered real wages, and devastated local communities in rust-bowl regions.
The survivors were Donald Trump’s “deplorables”, to use the ill-judged term of Hillary Clinton.
Washington is not going to tolerate this second and even larger China Shock. “They’re driving manufacturing companies out of business in Europe. We won’t let that happen here in America,” said Joe Biden.
“We’re not going to let China flood our market. The future of EVs will be made in America by union workers. Period,” he said.
The tariffs announced last week are breathtaking: 100pc on EVs; 50pc on solar panels, semiconductors, and syringes; 25pc on steel, aluminium, lithium batteries, magnets, and so forth.
There is much election theatre in this blitz, but it is not protectionist as such.
Ambrose Evans-Pritchard Telegraph 22 maj 2024
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