this post was submitted on 06 Nov 2024
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Well they'll try. Unfortunately for oil and coal companies, China exists.
But per capita, China is pumping way less greenhouse gasses into the atmosphere than the USA. And much of China's industry only exists to sell cheap goods to Western countries.
China also built more high-speed rail in a decade than the US has in it's entirety. Not to mention how fast they're producing electric cars and solar panels.
That's what I mean, oil and coal companies can try regression, but China is already able to export the means for countries and communities to create their own power cheaper than those groups could buy power from fossil fuels companies.
That's what tarrifs are for.
Tariffs issued by the US will only harm the US, and so on. The anti China block represents an extreme minority of people in the planet and an ever shrinking percentage of total industry and energy use. More and more countries are choosing brics
A lot of countries do not like China. India and China have regulare border fights that alone is massive, the EU does not like China too much either(Ukraine being a big part of that), Indonesia has just hit China with 200% on textiles, Mexico, Brazil and Chile have added anti dumping tariffs on Chinese steel, Thailand is looking into Chinese dumping as well. There also are border conflicts with the seven dash line with most nearby countries like Vietnam, Philipines, Malaysia and Indonesia.
BRICS is a group of countries, who do not like the US. That however does not mean they like China. That is why you hear the term multipolar world order a lot from those countries. As in no country should rule the world.
This was resolved days prior to BRICS summit. India is moving closer to China, because US is unreliable partner for South East Asia, where a single mandate of war on China means siding with those countries in resisting India influence.
It is specifically an anti US hegemony position. China's approach to economic investment instead of governance capture is significantly favoured.
They got a deal done, which does not seem to solve the border conflict, but just allows patrols from both sites:
https://www.aljazeera.com/news/2024/10/22/how-india-and-china-pulled-back-from-a-border-war-and-why
There's hope in US for China-India conflict to last. The de-escalation is significant and a good path.
Tarrifs will temporarily and artificially prop up USA oil gas and car manufactures at the expense of the US taxpayer