Reply to post: Re: There already is a trade war

Let the chips fall where they may: US Commerce dept whacks Middle Kingdom firm SMIC on naughty list

W.S.Gosset

Re: There already is a trade war

Diogenes, you are spot on but actually not cynical enough.

China started vs Australia in September 2019. We're still not sure what the kickoff was. But that's when the Chinese government stopped even taking phonecalls from the Australian government.

But yes, there's over a billion A$ of just _metallurgical_ coal parked in Chinese harbours ("roads", technically and nautically) right now. Such that internal coal costs are up by 50-100% (reports vary).

Thing is, the CCP are insulated from the economic consequences for their plebs. So they literally do not care. It's all just a point scoring exercise.

Western governments really haven't taken that on board, despite history.

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