| US trade with China is way down with one disturbing exception: fentanyl. Thousands of Chinese companies are capable of manufacturing ingredients needed to produce the drug and exporting them to the West, along with instructions on how to create fentanyl powder. Many of these companies are state-owned enterprises, according to Allison Fedirka, my guest this week. She says there is no denying that China’s government is involved with the fentanyl drug trade to the US. Allison Fedirka is the director of analysis at Geopolitical Futures (GPF). My readers are familiar with the in-depth work of George Friedman and his team at GPF. Fentanyl is the number one cause of drug overdoses in the US. The involvement of Mexico’s drug cartels, and the possible expansion of fentanyl production into Columbia, has elevated this into a national security concern for the US. Ironically, Allison thinks that US intervention to thwart illicit fentanyl distribution into the US can also serve as a platform to strengthen US-Latin America relations. There are other China concerns unfolding, and Allison and I cover them in our conversation. You can learn more about Allison Fedirka here: https://geopoliticalfutures.com/author/afedirka/ Stay informed on the big trends by subscribing to Global Macro Update here: https://www.mauldineconomics.com/go/JM499Z15/YTB Please stay in touch by following me on Twitter @EdDAgostino: https://twitter.com/EdDAgostino Time stamps: 0:19 Intro to discussion 1:27 How fentanyl finds its way from China to the US. 2:27 The role of Mexico’s drug cartels in the fentanyl trade. 3:26 The surprising profit margins that fuel this drug trade. 7:35 The need to counter the influence of China in Latin America. 10:56 Who has the weaker hand in Latin America, China or the US? 14:05 Is China trying to gain a foothold in Cuba as leverage against the US? 18:54 Has the US hit the limit of its ability to handle major geopolitical conflicts? |
Each week, investors and financial professionals around the globe turn to John Mauldin to better understand Wall Street, global markets, and the drivers of the world economy. And for good reason. John is a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the first publications to provide investors with free, unbiased information and guidance—Thoughts from the Frontline—one of the most widely read investment newsletters in the world.
Tags: Featured
4 pings