China celebrates Biden's infrastructure bill | Beaufort County Now | “Death blow” to US manufacturing

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By JOHN HAYWARD at breitbart.com.

The Global Times said it was an “awkward reality” that America’s hollowed-out manufacturing sector no longer has the capacity to support “once-in-a-generation” infrastructure construction, so the Biden administration will inevitably turn to China, the only country that can meet America’s need for “large amounts of industrial goods under such a grand infrastructure program.”

The Chinese paper went on to explain how Congress’ massive infrastructure spending spree will inevitably increase America’s trade deficit with China, obliterate import/export restrictions that were put in place to protect American national security, and finish off America’s hopes of rebuilding its industrial base:

In 2020, China’s infrastructure-related exports to the US totaled about $295 billion, accounting for about 63 percent of its total exports to the US, according to a research report by China International Capital Corp. Therefore, the expansion of US infrastructure investment will inevitably lead to the increased imports from China.

This outcome will only increase US’ trade deficit with China. China’s trade surplus with the US reached $40.75 billion in October, showed customs data on Sunday. While the figure was down from the monthly high of $42 billion recorded in September, it remains on a relatively high level despite the US’ attempt to narrow its trade deficit.

While US politicians repeatedly claim the government needs to reduce trade deficit by cracking down on the so-called unfair, non-market trade practices, it is the massive demand in the US for foreign goods that contributes to its trade deficit. 

“With the passage of the $1.2 trillion infrastructure bill, the urgency for the U.S. to lift its tech export restrictions against China will increase,” the Global Times predicted. This would allow the U.S. to assume its proper role as a supplier of computer chips and other high-tech components to China’s mighty industrial sector.

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Remember this is all by design and plan to destroy the US and make it even more dependent on China.  Biden, the democrats and RINO's are in bed with China.  Lets never forget Tillis voted for this bill.  

 


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( November 12th, 2021 @ 8:53 am )
 
Biden's fake "infrastructure" bill promotes the Green New Deal, although not nearly as devastatingly as the NC RINOs HB951 does. The promotion of wind and solar over conventional power sources does two things that reality give China an advantage over us. One is that China manufactures much of that wind and solar equipment and provides the raw materials for them, much of it even with slave labor. Second is that wind and solar is more expensive and less reliable than conventional electricity, giving Chinese manufacturers an inherent advantage on costs over ours. China has hundreds of coal fired power plants under development, since they want cheap and reliable power for themselves.



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