https://twitter.com/LeadingReport/status/1790540894300459254

Something every state should do...

And, get out of that  ERIC crap if they are in it!

It was predictable [SEE HERE], and it happened exactly as predicted.
BlackRock investment firm writes the regulatory and economic policy for Joe Biden’s administration. That’s the quid-pro-quo that maintains the Biden political financial operation. All of DC know it. No one does not know. The ones who claim they do not know about it are all pretending. Republicans take the background BlackRock bribes and pretend.

BlackRock positioned massive investment assets inside Chinese auto manufacturers, MG, BYD, and Chery. The three Chinese companies are in the process of moving North American auto manufacturing to Mexico, specifically to make EVs. The Chinese EVs made in Mexico will come into the U.S market tariff free under the USMCA trade agreement. China and BlackRock will make billions.

Today, Joe Biden announced a series of tariffs against China in the EV industry. [SEE HERE] The Chinese EVs are not being made in China. The tariff regime is a farce – a total joke.

Biden might as well be announcing tariffs on Chinese swimming pools flown into the USA via hot air balloon.  There will be more Chinese swimming pools delivered from China than Chinese EVs.  The Chinese EVs come from Mexico.  The tariff is fake.


WHITE HOUSE […] To further encourage China to eliminate the acts, policies, and practices at issue – and to counteract the burden or restriction of these acts, policies, and practices – the Trade Representative shall modify the two actions to increase section 301 ad valorem rates of duty for the following products from China:

Battery parts (non-lithium-ion batteries):  Increase rate to 25 percent in 2024
Electric vehicles:  Increase rate to 100 percent in 2024
Lithium-ion electrical vehicle batteries:  Increase rate to 25 percent in 2024
Lithium-ion non-electrical vehicle batteries:  Increase rate to 25 percent in 2026
Natural graphite:  Increase rate to 25 percent in 2026
Other critical minerals:  Increase rate to 25 percent in 2024 (read more)
.

None of this stuff is coming from China.  It is all coming from Mexico via transnational shipping and Chinese manufacturing in Mexico. [Check Date]

On the EV issue, this tariff approach is politically duplicitous by Biden against the backdrop of massive investment in Mexico by the three largest Chinese EV automakers. Last December, the three Chinese auto manufacturers, MG, BYD, and Chery, announced they were going to spend billions building new EV manufacturing plants in Mexico.  Each Chinese auto manufacturer was going to spend between $1.5 to $2.0 billion.

Those Mexican built Chinese EVs would pass into the USA market under current USMCA trade rules and regulations, as long as they technically meet the material origination rules.  This can make tariffs against the Chinese imported EVs a moot point, because China will be making them in Mexico (North American trade agreement).

One of the reasons President Trump said the U.S. auto industry would suffer a “bloodbath,” is specifically because the current Chinese auto companies are targeting these EVs in the $10,000 or less range.  If you want to see what it looks like when cheap Chinese EVs start to flood a consumer market, visit Russia – the Western sanctions have only increased this flow.  I can see it clear as day.

China plans to pump out thousands of cheap, what I would consider semi-disposable, electric cars into the USA market. That’s why they have invested so heavily in Mexico.  Keep in mind, BlackRock (a Biden benefactor investment firm) is enmeshed with this Chinese move.

This tariff claim, by the Biden administration on “import Chinese EVs”, is optics only for political benefit.  Whereas, the 100% tariffs proposed by Donald Trump specifically target Chinese EVs made in Mexico.

Stand back and elevate your thinking on this Chinese EV issue; the substance of it is a consequence of a much larger dynamic.  It is somewhat of a self-fulfilling prophecy.

There is a cleaving underway, a dedollarization that continues in global trade.  Nations are no longer relying (dependent) on dollars as the baseline for trade parity; they are determining their own nation to nation trade valuations outside the use of the dollar as a benchmark.

The result of this dedollarization taking place is massive inflation inside the USA that continues as the dollar (yellow zone) is weakened against the increasingly non-dollar-aligned world (grey zone).  The frequency of dollar use is lessening as alternatives are being used.

Trade into the yellow zone still requires a benchmark of dollars, but bilateral trade within the grey zone increasingly does not.  This is the root of the global financial and economic cleaving.  Mexico is not stupid.

China is trying to position their transportation sector (auto, planes, trains and mass transit manufacturing) as Apple manufacturing is to cell phone use.  Some of these disposable Chinese electric vehicles are actually impressive, which makes sense when you consider that China steals the engineering and design elements from knuckleheaded Western corporations who use China for industrial manufacturing (see Tesla etc).
https://theconservativetreehouse.com/blog/2024/05/14/joe-biden-announces-tariffs-on-non-existent-products-from-non-existent-origination-country-heres-why/

FJB just did a huge head-fake...how many idiots bought it?

FYI -

https://youtu.be/1SEfwoqKRU8

https://youtu.be/APF4suZQPrw

This stuff is over my head mostly.
I wonder how much of the debt is in infrastructure likely to pay back money? Housing does not count IMO.

Payback?  Ha haaa!  This is communism!

In April's politburo meeting, the Chinese government's newfound focus on an oversupplied housing market was setting the stage to usher in new rescue policies to stabilize the economy. Weeks later, Bloomberg reported that the government was considering a plan for local governments to purchase millions of unsold homes to clear the excess supply.
https://www.zerohedge.com/markets/china-mulls-buying-unsold-homes-bottom-ailing-property-market

In the West we monetize debt...in Communist China they do some of that too, but now they want local government (still communists!) to monetize housing construction...

 

And this money will come from...? 

Debt on the books of State (still communist!) banks...to the tune of 7 trillion Yuan!

 

https://www.zerohedge.com/political/supreme-court-justices-thomas-and-alito-issue-warnings-about-state-america

Well, trash on campuses, in entertainment, in companies and yes even in houses of worship...bubble up and make disturbing garbage we are witnessing now in NYC!!!

Well, hitting each others energy sector is still vibrant...

https://www.zerohedge.com/geopolitical/emergency-blackouts-introduced-across-ukraine-temperatures-dip

As for this, Smith is saying much of what I've been saying all along...

https://www.zerohedge.com/geopolitical/russia-about-overrun-ukraines-defenses-why-are-there-no-peace-negotiations

And now here we are, watching Ukraine collapse from a war of attrition it was not configured to win because of the lack of experienced manpower and experienced intelligent leadership...and NOBODY is talking peace and nobody seems interested in starting...

The West wants to escalate their participation...Russia screaming Western aggression is the cause (right, wrong or otherwise makes zero difference) locks them into their participation...

How does this not escalate?  I have not seen one reasoned explanation from any quarter outlining how that is possible...

As if to emphasize my point...now we have more fear driving other nation's decisions people probably once thought impossible...

https://www.zerohedge.com/geopolitical/natos-newest-member-open-hosting-nuclear-weapons

I reckon they'll see "a war" soon...

We all will...