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→A quick note
3. The tariffs are going to hurt China which is Russia's biggest buyer of Russia's oil. Plus, China has a HUGE demographic crisis so they are a poor long-term customer of Russian oil - even if Russian production of oil doesn't drop 20-40 percent as per Oilprice.com in about 10 years or so.
3. The tariffs are going to hurt China which is Russia's biggest buyer of Russia's oil. Plus, China has a HUGE demographic crisis so they are a poor long-term customer of Russian oil - even if Russian production of oil doesn't drop 20-40 percent as per Oilprice.com in about 10 years or so.
:Here's where your understanding is flawed. The Chinese don't pay the tariffs. [[US]] [[consumer]]s who purchase Chinese goods that actually make it into the country do. The result is less imports of Chinese goods at higher prices. The [[profit]]s from China's [[trade surplus]] with the [[US]] finances [[foreign investment]] like the [[Belt and Road]] initiative, and the Chinese [[military]]. Chinese gas consumers pay for their own gas at the pump, at market prices, which are purchased abroad from Russia in direct currency transactions - i.e. ''without'' [[US dollars]] ([[de-dollarization]]), unaffected by [[exchange rate]]s, [[economic sanctions]], or [[tariff]]s.
:Here's where your understanding is flawed. The Chinese don't pay the tariffs. [[US]] [[consumer]]s who purchase Chinese goods that actually make it into the country do. The result is less imports of Chinese goods at higher prices. The [[profit]]s from China's [[trade surplus]] with the [[US]] finances [[foreign investment]] like the [[Belt and Road]] initiative, and the Chinese [[military]]. Chinese gas consumers pay for their own gas at the pump, at market prices, which are purchased abroad from Russia in direct currency transactions - i.e. ''without'' [[US dollars]] ([[de-dollarization]]), unaffected by [[exchange rate]]s, [[economic sanctions]], or [[tariff]]s.
:All prices are [[ratio]]s. For example, the price of 1 Big Mac @ $5 is expressed as 1:5. During the various Gulf Wars, you could easily calculate the value of 1 American soldier's human life as 1:10,000 brl oil futures contract. I'm not sure if it's changed.
4. The Europeans are going to take forever to lift their sanctions on Russia.
4. The Europeans are going to take forever to lift their sanctions on Russia.