This is a wonderful report on what is at at stake for the manufacturing of chips in China. Michael Roberts points out that Mordor is very threatened by the Chinese power to out-produce them and replace US imperialism as a world force. This also explains Nancy Pelosi’s trip to Taiwan and the building of facilities in Mordor for Taiwan companies. So far China has not answered with hardball statements of their own against US companies.
Read Michael Roberts in The Next Recession