Donald Trump wants to use tariffs to force countries to buy more US oil and natural gas. Instead, China and Russia signed a deal to build the massive Power of Siberia 2 pipeline, which could transform the global energy market. Russia is integrating with Asia, while Europe faces a crisis that is devastating its manufacturing sector. Political economist Ben Norton explains.

VIDEO: https://www.youtube.com/watch?v=n6wtK8Hrpl4

Topics

0:00 Close China-Russia relations

1:28 Power of Siberia 2 pipeline

3:23 Dedollarization

4:04 Europe boycotts Russian energy

5:28 Nord Stream pipeline sabotage

6:28 (CLIP) Trump on Nord Stream & US energy

7:06 Crisis in Europe

9:14 Russia integrates with Asia

10:13 Russia tried to join the West

11:03 NATO expansion

11:47 Ukraine coup & war

13:26 Russia's trade with China

14:16 De-dollarization

14:43 Trump's tariffs

17:01 Why Trump hit India with tariffs

18:22 (CLIP) Trump on US oil & gas

18:34 USA: #1 producer of oil & gas

19:17 Weaponizing energy

19:46 China's natural gas imports

22:11 China & Russia: long-term partnership

23:22 Colonial Monroe Doctrine & oil

25:02 China's oil imports

25:41 Trade chokepoints

27:04 Europe becomes US vassal

28:17 (CLIP) Trump boasts of imposing EU deal

28:55 EU imports of oil & gas

30:38 Deindustrialization of Europe

31:16 EU prosperity depended on China & Russia

31:50 (CLIP) Ex EU foreign policy chief Josep Borrell

32:35 Germany's "existential" industrial crisis

34:15 China's car manufacturers & electric vehicles (EVs)

36:44 Europe loses out as Asian Century advances

37:40 Outro