Trump said India and Russia are operating a dead economy, but I can't still understand what a dead economy interpret in this context, maybe they should have advanced more than where they are or a kind of attack intimidating on their current level of economic advancement, while for sure, India and Russia are fast growing economy and part of what we could call a threat even to the US both now and the future, not to even consider for China and others.
DT is a trader, ups and downs don't scare him.
The US has R&D and leads the world by a decade. Maybe less.
Truth is that the US, even the EU and Australia and a few others have people who can purchase more than just food. Every country has financial infrastructure, none comes close to the US financial institutions. Funny enough the people loving bitcoin hate the US capacity to make money from thin air.
China, Vietnam and India among others are doing the mass production and in a perfect world we are all happy. Unfortunately we don't live in a perfect world.
Who told you that China doesn't research and develop? They are even the only worthy competitor of the US in most areas, especially technology. The US has Tesla, iPhone, Open AI, while China has BYD, Huawei, Xiaomi, Oppo and Deepseek, or they are even excellent in robotics and automation, and are leading in the 5G, 6G telecommunications race.
Use logic, The iphone comes out and some companies rebuild it.
Tesla build EV, a decade later Xiaomi build also cars, who did the R&D?