thank you. I checked out the article, and that is really buried.
I see, yeah, the 10-year anniversary of the 2008 scandal.
good article, I'm curious what the numbers are 7 years later.
it looks like in 2018 80 to 90% of Australian baby formula was exported to China!
I found a PDF explaining the specific domestic and local market share, so even after the scandal in 2008 about half of the baby formula in China was produced and bought domestically.
of course even half of the market is a huge amount of baby formula in real life considering the population of China.
the market research data only goes up to 2017
not for a while, since the US has stockpiles and other outside sources and domestic resources, plus the defense and military arms of the US government will be the last industry to be affected by these import sanctions.
If these Chinese sanctions remain in place for any amount of time however, they will affect US corporate bottom lines much more rapidly and significantly than they affect the DoD, which is no small thing.
Corporate policy is argued to have determined the outcome of the '24 US presidential election, so the ramifications of further industries-wide vast US corporate loss in addition to the 11 trillion already lost are likely to lead to further policy change like the blocking of presidential tariff authority underway now.
the policy decisions of the Chinese government are extremely separated from the everyday lives of the people.
the CCP may refuse to sell expensive minerals to the us, but the Chinese population will buy the cheapest, freshest produce full stop. which is usually the local farmers.
I don't think I've ever seen American produce in China, come to think of it.
during the last trade war, there wasn't any anti-us purchasing sentiment from Chinese people themselves because everything they want is produced by China anyway.
the Chinese population, in effect, is and has been boycotting every other country all the time for decades because so many of their basic needs are met by domestic production.
"I thought Lemmy was anti-rich people?"
I'll take that into account.
"Aren't you happy rich people are scared of losing their money?"
I'm interested in policy and uninterested in rich people feelings.
I appreciate your newfound agreement that rich people seem scared, but their fear doesn't emotionally affect me one way or another in and of itself.
"Are you happy that a bunch of rich guys...their wealth?"
I'll refer you to my earlier answer.
"That seems at odds with what I usually see here"
drawing a specific conclusion based on generalizations and assumptions will have you seeing lots of strange things.
love your domes, btw.
false hope for a handful of shrimp boats while destroying over a millioon US jobs and decreasing food for Aamericans:
“Tariffs will raise the cost of seafood, making the healthiest animal protein on the planet less available and more expensive,” National Fisheries Institute President and CEO Lisa Wallenda Picard said soon after the tariffs were announced. “Meanwhile, the tariffs could threaten many of the 1.6 million American jobs that, according to the federal government, U.S. commercial seafood companies support.”
correct.
there's also the maybe more important scientific literature ban that is forcing scientists like those who make sure crops grow correctly in the US out of their jobs because they aren't able to talk about the gender of the seeds they are breeding.
or the physicists who can't talk about the "status" of the material they're using, because that word is banned.
countries don't want to buy American military equipment anymore because they rightly cannot trust the US, which is a huge loss of revenue.
the disastrously policies already enacted are going to economically and socially hobble the country for decades.
the scientist who goes to another country rather than the US to practice physics, agriculture, anthropology, anything, that's an entire career of innovation and scientific benefit lost to the US.
and those scientists are already avoiding the us, that's already happening.
the market numbers are the tip of the iceberg here.