Biden withdraws from the election! Trump is blowing Musk! Is the Spring of Chinese Lithium Battery Enterprises Going Global Coming?!

Biden withdraws from the election! Trump is blowing Musk! Is the Spring of Chinese Lithium Battery Enterprises Going Global Coming?!

Biden just announced his withdrawal from the election on Sunday, and will be succeeded by his second in command, current Vice President Harris, to run alongside Trump.

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After announcing his withdrawal statement, Republicans immediately pressured Biden not to wait until January next year and urged him to give up quickly.

According to US media reports, after Biden announced that he would not run for re-election, congressional Republicans demanded that he resign immediately and step down.

If Joe Biden is not fit to run for president, he is not fit to be president, and he must resign immediately, "said U.S. House Speaker Mike Johnson in a written statement on Sunday.

Johnson also indirectly attacked that Biden was forced to withdraw from the election due to attacks from within the Democratic Party: "Over 14 million Americans chose Joe Biden as the Democratic presidential candidate, but this self proclaimed 'Democratic' party declared their votes invalid

Biden's withdrawal from the election is obvious. In the debate with Trump on the 26th of last month, Biden's performance was already very unprofessional. He was repeatedly influenced by Trump's pace, causing his mentality to explode and his defense to break, and even angrily calling Trump a "sucker" and "loser" at one point.

In terms of voter support, especially in swing state elections, the Democratic Party's situation is also not good, and its long-term political cash donors have repeatedly warned that Biden's financial support is falling short.

Although the shooting targeting Trump in Virginia did not have a disruptive impact on voter support, escaping the assassination did give Trump more inspiration to incite voters and control the inherent right-wing Christian voters of the Republican Party, just like his performance playing the emotional card at last Friday's Republican National Convention (Milwaukee, Wisconsin).

Biden's announcement of withdrawal from the election at this time is a high-profile gesture for Biden himself to end his political career with relative dignity. Although it may be inauspicious for the Democratic Party, considering that the Democratic campaign team had been quietly testing Harris and Trump's one-on-one poll a few weeks ago, neither the Democratic Party nor Biden should have made a hasty decision.

So, if Trump is highly likely to succeed as the President of the United States, the upstream and downstream supply chains of China's new energy industry, including lithium carbonate, positive and negative electrodes, separator electrode fluids, batteries, electric vehicle energy storage, etc., must pay attention to Trump's attitude towards this field.

Because China and the United States have not yet clearly decoupled, Trump may use tariffs as a threat to reverse the trade deficit with China, just like he did during his first term. However, Trump has also made it clear in his recent campaign platform that he will immediately overturn the IRA bill after taking office, because he believes that the IRA bill only avoided the Great Depression of 1929 in the United States and did not cool down inflation itself. It is a common practice for the Democratic Party to spend American taxpayers' money recklessly.

Secondly, by the end of June 2019, Trump had promised two things in Osaka, Japan for the second time after the Sino US trade war: no more new tariffs on Chinese exports and allowing American companies to continue selling products to Huawei. It can be seen that Trump is not as strong in ideology as traditional American politicians from both sides. As long as he can make America great again, anything can be said, and Huawei's situation is not impossible to relax.

Unfortunately, in December of the same year, an unpleasant incident occurred in Canada involving the US judicial system and FBI behind Trump's back, and Huawei was not spared. Of course, this goes without saying.

And last week at the Republican National Convention, Trump also said, "At this moment, China is building large factories on the Mexican border to produce cars for sale in the United States. These factories will be built in the United States, and our people will work in these factories

Trump said that if not done, he will impose tariffs of up to 200% on every car to prevent them from entering the United States.

This is not the first time Trump has made such a public statement. On March 16th this year, when campaigning in Ohio, Trump also mentioned inviting Chinese car manufacturers to build factories in the United States.

At that time, Trump only said that he would impose 100% tariff on Chinese cars imported from Chinese Mainland or through Mexico and other intermediary channels. But he also added, "If they (Chinese car manufacturers) want to build factories in Michigan, Ohio, South Carolina, they can, they can use American workers. But they can't send Chinese workers here, they sometimes do

So, it's not okay for Trump to produce battery electric vehicle energy storage systems in China and export them to the United States, but it's very good for BYD, CATL, EVE Energy, and Guoxuan High Tech to build factories in the United States.

The latter can solve the employment problem for American workers, bring manufacturing back to America, and make America great again.

Perhaps the labor force of American automotive workers still cannot be reduced, but forcing upstream supply chains to reduce costs and increase efficiency is still easy to handle.

However, Trump does not believe that a 50% share of electric vehicles can be achieved in the United States by 2030.

It is also worth mentioning that Trump boasted about Musk's rainbow fart during his campaign in Michigan last Saturday. He said he loves Elon Musk, l love Elon Musk”）， And he also said that he fully supports electric cars!

The translation of Trump's original words in Chinese and English is as follows:

I've been talking about electric cars all along, but I'm not going to say those things again (speak ill of electric cars), I completely support them

“l'm constantly talking about electric cars,  but l don't mean i'm again. l'm totally for them. ”

I don't care what the market says, whether your (electric vehicle) market share is 10%, 12%, 7%, or 20%, but you can't be 100% electric, can you

“Whateverthe market says,  and if it's 10% of the market, 12%, 7%, 20%...Whatever it is, it’s ok. it's okay. But you can't have 100% electric cars. ”

But you know Musk, he just expressed his support for me a few days ago

“And you know Elon,  endorsed me recently the other day actually. ”

He's great, Elon Musk. He's a genius

“He’s great person,  Elon Musk, he’s a brilliant.” 

I haven't cracked down on electric cars. I think electric cars are amazing. I have electric cars

“i'm not hitting it,  I think it's incredible, i've had them.”

He never told me before that he donated $45 million to me within a month

“He didn't even tell me about it,  but he gives me 45 million dollars a month! ”

Anything that can be accomplished with money is a small matter. A donation of $45 million can exchange for Trump's positive political stance in support of electric vehicles, which is really cheap.

So, let the bullets fly for a while and wait until the US election in November.