Donald Trump and his legacy of Presidentship would be his relentless pursuit to protect the American public from the poisonous Chinese influence that had seeped in due to the profit-hungry corporates and the short-sighted leaders of America. Before Trump stepped onto the plate, China was well on its way to replicate the Deng Xiaoping policy of world domination by monopolizing the supply chain of the world and in specific, the USA.
Lucas Kunce, the national security director at the American Economic Liberties Project during one of the interviews echoed a similar sentiment when he remarked that China had captured America’s supply chain.
“So China has strategically captured our entire supply chain,And it makes us vulnerable, and it hurts American workers too because we are losing skills that we need to try to get back and we’re losing good-paying jobs.” said Kunce.
Kunce argued that the U.S. economy and the individuals that control it pursue profit and “self-interest above everything else,” which, he claims, China has used to its advantage.
Reported extensively by TFI, Trump is not only fighting China on the international front but the corporates of America on the domestic front. Wall Street giants such as Goldman Sachs Group Inc. and JP Morgan Chase & Co. have tens of billions of dollars at stake in China as political tension risks derailing the nation’s opening of its $45 trillion financial markets.
Five big US banks had a combined $70.8 billion of exposure to China in 2019, with JP Morgan alone ploughing $19.2 billion into lending, trading and investing. That’s a 10% increase from 2018. Add to it the major automakers like Tesla, Volvo, Ford, and Mercedes-Benz which have sued the US government over tariffs on Chinese goods.
While Kunce’s observations might be on point but it is the US President that has shown the resolve, unlike his predecessors to strike the hornet’s nest and show tangible results for it.
It all started with the Trade Wars where Trump pinned China into submission and forced Xi Jinping to sign a trade deal where honoring the first phase of the deal has put a huge strain on the Chinese economy. There have been instances where Jinping has tried to sever the deal, only to tap out after Trump and Secretary of State Mike Pompeo gave a stern side-eye.
Then came the COVID-19 pandemic and the pandora’s box of China’s misdoings opened in front of the world. The Trump administration instantly went on an overdrive and took several big decisions that should put America on the path of normalcy if the liberal media President-elect Joe Biden doesn’t deviate from the path laid by Trump.
The Trump administration’s semiconductor war on China is destroying some of the biggest Chinese tech behemoths like Huawei. As a result, China’s tech industry is on thin ice and it all started when the US President persuaded nations around the globe to exclude Chinese tech giant Huawei from their 5G networks and later banned the sale of semiconductors manufactured on secret American designs to China in a bid to kill the Chinese tech industry.
Trump’s administration also blacklisted Semiconductor Manufacturing International Corporation (SMIC), China’s largest semiconductor manufacturer. This single move can break the back of China’s tech sector and impair it permanently.
Reported by TFI, last month Donald Trump signed an executive order prohibiting American investors from investing in Chinese companies.The order prohibits American companies and individuals from owning shares — outright or through investment funds — in companies, the administration says help the advancement of the People’s Liberation Army (PLA).
Adding another feather to his long list of policies to limit the extent of Chinese influence in the US, the Donald Trump administration is mulling adding Chinese state-owned aviation company Commercial Aircraft Corporation of China (Comac) to the sanctions list, currently under scrutiny.
Furthermore, the US House of Representatives has also passed “The Holding Foreign Companies Accountable Act”, brought in by the Trump regime, which although applies to all foreign companies, is aimed at specifically hurting the interests of Chinese firms if they fail to comply with American regulations.
Last week, in another major setback to China, the US designated 58 Chinese companies out of 103 companies as foreign entities with military ties thereby restricting export, re-export and transfers with them.
Trump is waging a full-blown war against China, even during his last days as the President. The corporates are still undercutting his moves but the American Prez is undeterred. It is due to his pressure inducing moves that Xi Jinping and his empire is starting to wilt from within. The CCP Politburo has started a witch hunt against the country’s richest man Jack Ma by going after his companies.
Jinping’s empire is toppling from within, and if the downward spiral continues then it would be a matter of time before America takes control of its supply chains.