In the new Cold War economy, trade will be restricted, technology fenced off, and intellectual property fiercely protected. Manufacturing capabilities will be built up, and supply chains brought closer to home to ensure resilience whatever happens.
As relations between the West and China deteriorate sharply, every developed economy will have to pick a side. And it is already becoming clear which one the major powers of Europe – and the European Union itself – have chosen. China.
Over the last few weeks, we have seen example after example of major industrial and commercial ties with China deepening.
Worth your while to read this, likely indicates Junior’s leanings as well. The extent of business being done with China is eye opening.
As usual America provides protection in the Ukraine while Europe (and Canada) enjoy a free ride. That can’t last.
It reinforces my own suspicions that the USA was behind the NordStream pipeline sabotage.
Gotta keep those reluctant “allies” in line.
