prc30 on Nostr: China Morning Missive This is just the beginning. China has at its disposal more ...
China Morning Missive
This is just the beginning. China has at its disposal more points of pressure on the American economy than I can count.
The example of drones is just the clearest example. Several months ago, Congress passed a law banning the worlds largest maker of drones, DJI Technologies. Probably the best drone maker, too, in terms of price and quality. That law was the brainchild of Skydio CEO Adam Bry. His thinking was that, through regulatory capture, Skydio could “own” the domestic drone market. Several weeks after the Congressional ban of DJI the harsh reality hit. Skydio discovered that they could no longer access the batteries needed to power their drones. Where did Skydio source the batteries? China, of course.
There will be more such actions by China is the choice by America is to continue with unilateral sanctions on trade.
2024 is a very different environment than 2017 during the Trade War 1.0. The folks in the Trump team better get with the program and come up with a better plan.
This is just the beginning. China has at its disposal more points of pressure on the American economy than I can count.
The example of drones is just the clearest example. Several months ago, Congress passed a law banning the worlds largest maker of drones, DJI Technologies. Probably the best drone maker, too, in terms of price and quality. That law was the brainchild of Skydio CEO Adam Bry. His thinking was that, through regulatory capture, Skydio could “own” the domestic drone market. Several weeks after the Congressional ban of DJI the harsh reality hit. Skydio discovered that they could no longer access the batteries needed to power their drones. Where did Skydio source the batteries? China, of course.
There will be more such actions by China is the choice by America is to continue with unilateral sanctions on trade.
2024 is a very different environment than 2017 during the Trade War 1.0. The folks in the Trump team better get with the program and come up with a better plan.