China’s Slowdown Has Changed the Trade War: America Now Has the Upper Hand—but Trump’s Maximalist Tariffs Would Still Carry Risks
Posted by College_Prestige
China’s Slowdown Has Changed the Trade War: America Now Has the Upper Hand—but Trump’s Maximalist Tariffs Would Still Carry Risks
Posted by College_Prestige
2 Comments
>China’s growth strategy is inherently confrontational and zero sum: China is not adding to global demand but rather competing more aggressively in overseas markets.
Til trade is zero sum
Look I’m not going to bother arguing about how strong or weak the chinese economy actually is and whether this triumphalism is warranted, but:
If you think the Chinese government thinks they’re in a weaker situation than they were in 2016 with regards to a trade war with the US and so this can be leveraged into easily “winning” then you’re going to get a reality check. The GDP figures really do not tell the whole story.