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This is the infuriating part of the US system - we know it needs a revamp, and we have dozens of examples to cherry pick from to get the best outcomes. And yet...
This is the infuriating part of the US system - we know it needs a revamp, and we have dozens of examples to cherry pick from to get the best outcomes. And yet...
Until now, duty-free access had applied only to selected African countries. Beijing had granted zero-tariff treatment on 97% to 98% of tariff lines for 33 African least developed countries (LDCs), before expanding that coverage in 2024 to include all products originating from African LDCs.
The new measure broadens the regime to nearly the entire continent, extending duty-free access to all African countries except Eswatini, which maintains diplomatic ties with Taiwan.
And China gets most of their oil percentage wise, from Russia, also sanctioned. So for a conservative round number, around 40% to 45% of China's current oil imports are from sanctioned oil.
Are you suggesting there is going to be a reduction in Russian availability? If not, they don't count toward the point you were making.
China has been getting about 20% of it's oil from Venezuela and Iran. If 20% goes up 30% and everything else stays the same, you're talking about a 5% increase.
Not as much the "devastation" as the 6.7% increase in the price of electricity under Trump 2.0 so far.
Trump First! America if he can make money from it.
The number comes from a General Jack Keane interview. You may be aware of who he is as you do admit to watching FNC. I have found him to be a most credible commentator over the years of listening to him
And China gets most of their oil percentage wise, from Russia, also sanctioned. So for a conservative round number, around 40% to 45% of China's current oil imports are from sanctioned oil.
It's going to get even dicier when China's 90 day supply of sanctioned oil runs out and they will be paying on average 30% more going forward.
It will have a devastating effect on their economy.
How about some stats on this?
China has been getting about 20% of it's oil from Venezuela and Iran. If 20% goes up 30% and everything else stays the same, you're talking about a 5% increase.
Not as much the "devastation" as the 6.7% increase in the price of electricity under Trump 2.0 so far.
Trump First! America if he can make money from it.
