Companies are rerouting around South Africa to avoid militia attacks in Yemen in one of the biggest disruptions to world trade since the Covid-19 pandemic
And they can just hike their prices like everyone else is doing. So why invest time and resources into lowering them back down if it doesn’t affect them?
China is mostly self-sufficient, most of the world is not.
Every major country is affected by this. India and China have as much interest in free passage through the Red See as the US or the EU.
And yet China, who has a naval base in Djibouti, seems to just be sitting back and letting everyone else tackle this
Bingo. They know that someone else will do something eventually is my guess.
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And they can just hike their prices like everyone else is doing. So why invest time and resources into lowering them back down if it doesn’t affect them?
China is mostly self-sufficient, most of the world is not.
Removed by mod