The new US President has used his first 24 hours to pull all US government support for the green energy transition. He wants to ban any new wind energy projects and withdraw support for electric cars. His new energy policy refused to even mention solar panels, wind turbines, or battery storage - the world's fastest-growing energy sources. Meanwhile, he wants to pour money into dying and declining industries - like gasoline-powered cars and expanding oil drilling.
China was the global leader in 21st-century energy before, but its future global dominance is now assured. There will be trillions of dollars to be made supplying the planet with green energy infrastructure in the coming decades. Decarbonizing the planet, and electrifying the global south with renewables will be the largest industrial project in human history.
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I tried explaining tariffs to my in-laws.
They genuinely think that other countries will be paying the extra cost for the privilege of trading with the USA.
Completely refuse to believe they have to pay the extra cost out of their own pocket or the company will sell elsewhere.
Edit to add, these in-law's also think China is still mostly like their media-based perception of feudal Japan. As in "they only have two modern cities, Beijing and Tokyo" type of "knowledge" of China.