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US-China Power Shift: Portugal’s Shifting Alliances & Economic Concerns

by Lucas Fernandez – World Editor

Former Stellantis CEO Warns Portugal of Diminished‌ US ​Reliability, Predicts Shift​ Towards china

Carlos Tavares, former CEO of Stellantis, asserted ⁣that Portugal can no longer depend on the United States as a reliable partner, speaking at a conference marking the ninth ‍anniversary of Jornal Económico held at Aese Business School in Lisbon on⁣ Tuesday. Tavares ‌characterized the US as increasingly “transactional” despite its power.

He argued‍ that current US policy is⁤ inadvertently accelerating a global alignment with China, ‍perhaps leading ‍to its future dominance. According to tavares, ​the ‍US, already the “most powerful and ‍richest” nation, is pursuing further power‌ and wealth, driving countries away and into China’s sphere of influence. He specifically linked this shift to a potential “new world order” with Donald Trump’s return to the White House.

Tavares attributed perceived US commercial imbalances not to unfair ​trade practices, but to “poor productivity and worse quality in the physical goods manufacturing industry” within the US. He also criticized the US role within NATO,suggesting it ⁢primarily serves to promote US weapons exports to Europe.

the former CEO was critical of the Paris climate agreement,​ describing it as an example of Western decline, arguing it ⁤unfairly demanded⁣ developing nations halt their progress while the West, having “destroyed the planet” through its own⁤ development, imposed restrictions. ⁤He noted the diminishing discussion surrounding global warming ‍in the political arena.

Tavares also expressed concern over a ⁤”delay in political vision” within the European Union, notably regarding the lack of a‌ unified political destiny and‌ the resulting internal rivalries between France, Germany, ​and Italy.He concluded​ by stating the Western world must acknowledge its decline‌ and address issues of “laziness” and “cancer bureaucracy” to remain competitive in a world of stagnant GDP growth.

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