https://www.reuters.com/technology/nvidia-says-us-has-imposed-new-license-requirement-future-exports-china-2022-08-31/

  • usernamesaredifficul [he/him]
    ·
    2 years ago

    yeah real smart start a trade embargo on China the contry we outsourced all our production to. I confidently predict no reprocussions and am willing to write an article to that effect in the economist/predict China's imminent collapse on youtube

    • WafflesTasteGood [he/him]
      ·
      2 years ago

      It's pretty wild how much stupid shit we import from China. Most of the steel we get for manufacturing at my job comes from China, and we're in an area that used to produce huge amounts of steel locally like 2-3 decades ago.

      • usernamesaredifficul [he/him]
        ·
        2 years ago

        From what I understand it China's answer to the crisis of overproduction is to dump their lower quality steel on the western market. The steel's still perfectly good but it's the worst parts of each batch

    • SoyViking [he/him]
      ·
      2 years ago

      Jesus Christ. China could disintegrate the US economy just by dumping their dollar bonds and stop selling them stuff.

      • usernamesaredifficul [he/him]
        ·
        2 years ago

        liberals however are still living in the cold war back when America controlled it's own production. It's pretty funny actually the Chinese realised that corporations would sell out all of America's productive capabilities and technical secrets. Capitalism sold itself to the Communists

        The Chinese can play hardball with American corporations in a way the Soviets before them could never dream of doing to the American state