New York Times (June 18)
“China is unleashing a new export shock on the world.” Chinese goods, thwarted by Trump’s tariffs, are now “flooding countries from Southeast Asia to Europe to Latin America.” China does not seem to be following “the traditional trajectory of economies that move away from low-end manufacturing as they become more mature and developed.” Instead, it has doubled-down on manufacturing, which far exceeds domestic demand. As a result, the “countries that have borne the brunt of the jump in Chinese imports have also seen sharp declines in their own manufacturing, leading to job losses and bankruptcies.”
Tags: Bankruptcies, China, Chinese goods, Domestic demand, Doubled-down, Europe, Export shock, Flooding, Imports, Job losses, Latin America, Low-end manufacturing, Southeast Asia, Trajectory, Trump’s tariffs, Unleashing
USA Today (January 6)
“Trump is a danger to his own country. He shouldn’t be president for one more minute,” It is “time for Republicans to help Democrats impeach Trump. He must be punished for unleashing a mob on lawmakers in his quest to reverse an election he lost.”
Tags: Danger, Democrats, Election, Impeach, Lawmakers, Mob, Punished, Republicans, Trump, Unleashing
