schizanon,
@schizanon@mastodon.social avatar

> While the U.S. is self-sufficient for many of its own resources, the 68-year-old pointed out: “China imports 11 million barrels of oil a day. They’re a very complicated neighbor—their own actions are causing all their neighbors to rearm. Their GDP per person is $15,000 versus our $80,000. So we’re in a very good position.”

https://fortune.com/2024/04/26/jamie-dimon-america-china-trade-negotiations/

#china #economy #unitedStates #usa #economics #energy #globalTrade

shekinahcancook,
@shekinahcancook@babka.social avatar

@schizanon

Let me translate into Wall St for you: We make a lot of money pushing low quality junk made by sub-living wage workers in China, and we don't want the US govt doing anything that would interfere.

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