Tea at Trianon: How Beijing Laundered $230 Billion in Exports

John Wilson Croker on Marie-Antoinette

"We have followed the history of Marie Antoinette with the greatest diligence and scrupulosity. We have lived in those times. We have talked with some of her friends and some of her enemies; we have read, certainly not all, but hundreds of the libels written against her; and we have, in short, examined her life with– if we may be allowed to say so of ourselves– something of the accuracy of contemporaries, the diligence of inquirers, and the impartiality of historians, all combined; and we feel it our duty to declare, in as a solemn a manner as literature admits of, our well-matured opinion that every reproach against the morals of the queen was a gross calumny– that she was, as we have said, one of the purest of human beings."

~from History of the Guillotine by John Wilson Croker, 1844

Edmund Burke on Marie-Antoinette

"It is now sixteen or seventeen years since I saw the queen of France, then dauphiness, at Versailles; and surely there never lighted on this orb, which she hardly seemed to touch, a more delightful vision. I saw her just above the horizon, decorating and cheering the elevated sphere she had just begun to move in, glittering like a morning star full of life and splendor and joy. Oh, what a revolution....Little did I dream that I should have lived to see such disasters fall upon her, in a nation of gallant men, in a nation of men of honor and of cavaliers! I thought ten thousand swords must have leaped from their scabbards, to avenge even a look which threatened her with insult. But the age of chivalry is gone; that of sophisters, economists, and calculators has succeeded...."

~Edmund Burke, October 1790

Thursday, August 20, 2026

How Beijing Laundered $230 Billion in Exports

From The Enterprise:

Consider a homeowner who installs a good deadbolt on his front door. A month later, he checks his records and finds that no one has forced the front door since the day the lock was installed. He also finds that his television is gone. The lock worked exactly as designed, which is why the thief stopped using the door. What the homeowner needs is not a better lock but a survey of his windows.
In 2018, President Trump used Section 301 to put a real tariff rate on Chinese goods, a price an importer had to actually pay at the border rather than a figure riddled with carve-outs. Chinese exporters responded, as any rational party would, to the price by looking for a cheaper route. They found one, and the route ran through Mexico, Vietnam, Malaysia, and a few dozen other jurisdictions willing to sell a stitch, a stamp, and a certificate of origin.
On Thursday, the Office of Trade and Manufacturing Policy, Peter Navarro’s shop, published a 25-page report called
The Great Transshipment Scam
. The language was blunt enough that even the Associated Press could not soften it into a story about supply chain diversification. The report describes a global architecture built for one purpose, a lattice of free trade zones, bonded warehouses, processing corridors, and re-export centers. It says plainly that the rerouting “made it look like US imports from China had dropped” while Beijing kept the factories, the workers, the tooling, and the profits. Navarro’s own summary was less clinical. For years, he said, the great transshipment scam has let communist China launder its exports. (Read more.)