Comment Re:Or is it? (Score 1) 160
America doesn't want to be dependent on China, and China doesn't want to be dependent on America. We took a swat at them for steel price fixing, they hit back with rare earth metals, we came back and cut off their semiconductor supplies, and now they are hitting back.
They are betting on hard times in America. They've offloaded a bunch of our bond exposure and are actively insourcing technologies. Simultaneously, we're spending like drunken sailors and actively trying to find the "next China" somewhere else in Asia.
Globally the only continents not looking at a population shortage in 2050 are Africa and Antarctica, so something is going to give. We live in interesting times.