A few days ago I read an article entitled “The Real China Trump Card” in the March/April issue of Foreign Affairs. The authors noted that China is not the economic powerhouse that most analysts think it is. On page 80 they included a chart listing profit shares in sixteen economic sectors such as IT Software and Services, Semiconductors, Capital Goods, Banking, and Aerospace and Defense.
In at least seven of those sectors the U.S. had over 50% of global profits. In five more sectors U.S. allies along with the U.S. were well over 50%, including Telecommunications Services, Capital Goods, and Chemicals.
And then it hit me. The authors obvious wrote this article before Trump policies actually were known. WE NO LONGER HAVE ALLIES. In the last two months we have alienated such close friends as Germany, Canada, Mexico, France, and Britain. Even allies we haven’t yet alienated must now mistrust the tyrant in the White House. If you were in the government of Taiwan or Japan or Australia, would you believe the U.S. will come to your aid if you were attacked? I know I wouldn’t.
The U.S. doesn't have allies just like Donald Trump doesn't have friends. Coincidence?
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