Russia and Ukraine flashpoint

[crissindahouse]

Pemalite said:

The USA doesn't run the world. I would argue China does these days...

The USA might be our largest ally militarily, but China is our biggest economic partner, everything China does affects us more significantly than the USA... The same goes for most other countries these days, it's China who has the balls to push economically.

For example... American Tariffs on Australian minerals and resources is insignificant, but a Chinese Tariff on Australian minerals and resources? That would screw us over.

China's exports already exceeds USA's by a lot. USA's imports are still higher but considering that comparable products from China are cheaper I would guess the sheer amount of goods traded between China and the rest of the world is already much higher so that China is more important to keep the world running. And that will just increase when the economies of African and Asian countries get stronger. Especially with USA stopping their softpower programs there...

And all those tarrifs will also "help" countries to look for other trade partners.

Where USA is probably still much stronger from a financial standpoint is their internal market but that's not that relevant for the rest of the world. A higher GDP doesn't mean much for other countries when it's only from a huge internal market

Last edited by crissindahouse - 2 days ago