The data suggests that Chairman Xi Jinping may have no choice but to back down due to President Donald Trump’s hard stance on China now yielding results. Under Trump’s corporate 145 % tariffs on Chinese imports, the Taiwanese economy, which has long been supported by unfair trade practices, is beginning to deteriorate.
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After President Trump’s tariffs on Chinese imports began to have an effect on the socialist nation’s economy, protests from furious shop workers in China are spreading all over the country.
According to Radio Free Asia, unrest has been reported as workers protest paid wages and cruel rejections following the closure of US companies, which have been hit by US taxes.
However, the rough jobs are “extremely worrying,” according to Wang Xin, the mind of an industry group that represents more than 2, 000 Chinese traders, who told the Financial Times.
The magnitude of the problems is astounding. According to Goldman Sachs ‘ study, 16 million Chinese jobs are in danger as a result of Trump’s taxes. Given the mounting mounting proof of financial unrest, Chinese industry leaders apparently have “extremely restless” feelings about the rocky tariffs. This is probably an insult.
A 26-year-old toys shop worker told the FT that, in the face of tariffs, his employer, Zhejiang, in China, has lately required employees to take two weeks of unpaid leave.
Construction workers in the northern city of Tongliao threatened to evict themselves from the properties they were building last month, according to Radio Free Asia.
In another area, a sporting goods factory in southeastern Hunan province shut down without warning last fortnight, leading to the arrest of hundreds of workers, according to the shop.
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The main point, however, is that China’s social safety net is essentially inexistent, which is missing from the mainstream media. Without any employment benefits, food stamps, or other benefits, Chinese workers are fully independent when they lose their jobs. Because of this, we’re seeing more turmoil as employees demand back pay and opposition harsh dismissals.
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Through iron-fisted power and economic progress, the Chinese Communist Party maintains its hold on the economy. Yet authoritarian governments start to sweat when millions of workers take to the streets, though. No state, not even one as strong as China’s, you ignore the anger of its citizens indefinitely, according to record.
If China’s economy became more dependent on trade, as KevinO’Leary predicted next month, it would be under serious pressure. He noted that if the government prints money to keep people employed, millions of Chinese manufacturer employees rely on British demand, and without access to it, China could experience inner turmoil or potential economic decline.  ,
This confirms what Trump has been saying for a long time: China requires us far more than we do. Our diverse economy and robust worker protections act as a significant buffer while some American businesses are in the pinch due to the tariffs. China lacks this luxury. If Xi wants to stay in power, he’ll have to give up now rather than later.
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