I have wondered why Warren Buffet took his shares from BYD. And my thinking is that he is an American who loves his country. The escalation of current tariff war between China and the war on Ukraine really makes many American business men in a tough position. And now, we see the tariff war stretched out to the whole world including all of the US allies. A video by Money and Marco defined it better: This war on tariff was actually a first stage of a plan, MAGA plan. Scott Bessent, the current Trump economic advisor was writing the essay about it in The Economist article. You see, the US has made Bretton Woods system and made currency exchange based on US dollar. To help the world and to leverage US positions, the US put incentive using Marshall Plan . To help the devastated world post-WW2, the US open its market to imports while allowing the said countries This is okay, because all the world were in low economy status. US needed them to be grown at the level where US could e...
A place where I don't know what I said.