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submitted 2 months ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml
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[-] pelletbucket@lemm.ee 34 points 2 months ago

I'M PRETTY SURE THEY MAKE ALL OF OUR MICROCHIPS???

[-] yogthos@lemmy.ml 23 points 2 months ago
[-] pelletbucket@lemm.ee 17 points 2 months ago

well that's good. but the microchip industry is why we're protecting Taiwan for the most part, right? besides the whole having a foothold in the sea near China just to annoy them

[-] yogthos@lemmy.ml 12 points 2 months ago

I imagine geopolitical concerns are the primary reason for US interest in controlling Taiwan. I'm not even sure what US is protecting the chip industry from exactly. It's not like US isn't utterly dependent on China for manufacturing already, and China is clearly perfectly happy to export chips to US. The whole problem ultimately stems from the irrational US policy towards China.

[-] Lucidlethargy@sh.itjust.works -5 points 2 months ago

Yes, it's all the US doing this to poor China... Sure. Okay.

[-] yogthos@lemmy.ml 6 points 2 months ago

It's literally the burger empire coming half way across the world to fuck around in China's internal affairs. I sincerely hope Russia starts funding and supporting a separatist movement in Texas, so that burgerlanders can experience what that feels like first hand.

[-] Munrock@lemmygrad.ml 3 points 1 month ago

Russia doesn't need to do that. Burgerlanders already experience it through the magical way they render themselves blind to their government's behaviour unless it's projected onto China or Russia. Like how Trump is a Russian asset and China is turning Cuba into a staging ground for an invasion.

[-] yogthos@lemmy.ml 3 points 1 month ago

lol good point

[-] Kumikommunism@hexbear.net 7 points 2 months ago

So how much is the US going to start directly paying China for all the stuff they make?

[-] HuntressHimbo@lemm.ee 21 points 2 months ago

Trumps brain is going to end up in a gemcutting exhibit so people can marvel at its profound smoothness

[-] greysemanticist@lemmy.one 15 points 2 months ago* (last edited 2 months ago)

Oh nothing... its just $160B in trade the United States does, nothing much.

U.S. goods and services trade with Taiwan totaled an estimated $160.0 billion in 2022. Exports were $54.5 billion; imports were $105.5 billion. The U.S. goods and services trade deficit with Taiwan was $51.0 billion in 2022.

U.S. goods exports to Taiwan in 2022 were $44.2 billion, up 20.1 percent ($7.4 billion) from 2021 and up 82 percent from 2012. U.S. goods imports from Taiwan totaled $91.7 billion in 2022, up 19.1 percent ($14.7 billion) from 2021, and up 136 percent from 2012. U.S. exports to Taiwan account for 2.1 percent of overall U.S. exports in 2022. The U.S. goods trade deficit with Taiwan was $47.5 billion in 2022, a 18.1 percent increase ($7.3 billion) over 2021.

U.S. exports of services to Taiwan were an estimated $10.3 billion in 2022, 2.4 percent ($243 million) more than 2021, and 11 percent less than 2012 levels. U.S. imports of services from Taiwan were an estimated $13.8 billion in 2022, 38.8 percent ($3.9 billion) more than 2021, and 131 percent greater than 2012 levels. Leading services exports from the U.S. to Taiwan were in the intellectual property, transportation, and travel sectors. The United States had a services trade deficit of an estimated $3.5 billion with Taiwan in 2022, down 3802.1 percent from 2021.

U.S. foreign direct investment (FDI) in Taiwan (stock) was $16.7 billion in 2022, a 2.7 percent increase from 2021. U.S. direct investment in Taiwan is led by manufacturing, finance and insurance, and wholesale trade.

Taiwan's FDI in the United States (stock) was $16.1 billion in 2022, up 1.1 percent from 2021. Taiwan's direct investment in the U.S. is led by manufacturing, depository institutions, and wholesale trade.

Source: https://ustr.gov/countries-regions/china/taiwan

[-] Vampire@hexbear.net 11 points 2 months ago

The U.S. goods and services trade deficit with Taiwan was $51.0 billion in 2022.

That confirms the title.

[-] Kumikommunism@hexbear.net 11 points 2 months ago

U.S. goods and services trade with China totaled an estimated $758.4 billion in 2022.

So how much money can China expect to be given for 4 times as much trade?

[-] sun_is_ra@sh.itjust.works -4 points 2 months ago

Nothing as US doesn not protect China

[-] yogthos@lemmy.ml 8 points 2 months ago

US doesn't protect anybody, it uses people as geopolitical pawns and then discards them like used condoms.

[-] sun_is_ra@sh.itjust.works 1 points 2 months ago

You're telling Israel is doing what is doing with no US protection whatsoever?

[-] PolandIsAStateOfMind@lemmy.ml 6 points 2 months ago

No, it's just not at the discarding phase yet because the conditions did not changed very much since 1948 so it's still needed and relevant.

[-] Pyr_Pressure@lemmy.ca 4 points 1 month ago

Perhaps trump should pay for his secret service defence as he doesn't give america anything.

[-] PanArab@lemmy.ml 2 points 1 month ago

He is not smart to realize Taiwan’s strategic value. I hope no one tells him

[-] autotldr@lemmings.world 1 points 2 months ago

This is the best summary I could come up with:


Donald Trump has said Taiwan should pay the US for protection from China, calling into question Washington’s support for the island democracy should he win back the White House in November’s presidential election.

In an interview with Bloomberg Businessweek on Tuesday, Trump was asked if he would defend Taiwan against China if he wins the US election in November.

TSMC is spending billions building new factories overseas, including $65bn on three plants in the US state of Arizona, though it says most manufacturing will remain in Taiwan.

Trump’s comments added to signs that the US approach to China could be hawkish – but potentially unpredictable – should he win in November.

Elsewhere in the interview the former president pledged that he would impose tariffs on China of between 60 and 100%, but that he would back down on banning the China-owned app, TikTok.

Trump’s newly announced running mate, JD Vance, told Fox News on Tuesday the US should be focused on China as its greatest security threat.


The original article contains 648 words, the summary contains 167 words. Saved 74%. I'm a bot and I'm open source!

this post was submitted on 17 Jul 2024
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