And the US might still be the biggest consumer market in the world right now, but margins are thin and a lot of companies have spent the last few months preparing for Trump's whims.
Also, you're completely ignoring his most important point, which is that even allies now think of the US as unreliable. As an ally, as a trading parter and as a market. Trump is 100% destroying very important international relations and China is the country that will profit the most.
That vehicles make up 4% of their exports in 2024 is already telling because it was 0% only a few years ago. None of the clean tech was there a few years ago, they had no leadership in AI a few years ago, they weren’t producing fully mobile robots a few years ago. If you think they are stuck just because I’d a moribund real estate market and a demographic decline, well, I don’t see how that is even possible at this point.
Trump sh*tting on allies and enemies alike is more in china’s favor than the consumption they lose from the states. Even Mexico and Canada could get tired of the USA and just go full in with China if Trump pushes them too hard.
I am not sure about this one. Trump is pushing the rest of world to take side.
Panama, as displeased as it can be, choose to end the belt-and-road thing.
> China can replace them with internal consumption and developing world markets that are rapidly growing.
internal consumption: They tried. and kind of failed.
developing world markets: They are winning on this one, agreed.