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Why the United States will lose against China


Unlock Watch Bulletin Free from White House

Donald Trump’s “Freedom Day” supposedly against the rest of the world “reciprocal tariffs” – Undoubtedly, the most eccentric trade policy proposals turned into a trade war with China after retreating the barking from markets. This may be intended to be (or may not be). So can Trump win this war against China? Indeed, because after Trump’s second arrival, I hope that I hope that it will succeed in China with China? Answers are “no”. This is not because China is invincible and far from it. This is because the United States has taken all the assets needed to protect the status of the world in the world to determine its status to determine its status as great and Chinese.

“Trading Wars are good and easy to win”, Trump stationed In 2018. As a general offer, it is a lie: Trade wars damage both sides. An agreement that makes both sides better before the previous one can be achieved. Most likely, any contract will make one side better than before and the other. The last deal will probably be trump hopes: the United States will win; China will lose.

At present, the United States is 145 percent of Chinese imports, China is 125 percent in the United States. China also restricted the export of “rare lands” To the United States. These are very high, it is really effective, there are obstacles for trade. It seems like a “Mexican stand-off” where it can’t win among two superpowers.

One is a US plan (if any) the trade partners ‘trading partners’ trade partners ‘trade partners’ trading partners have a serious obstacles to the company’s imports of trade (and possibly in other areas such as security). Is this the result is acceptable? Yes

One reason, China has strong cards. Many important forces are already more than the US trade with China: they include Australia, Brazil, India, Indonesia, Japan and South Korea. Yes, the United States is a more important export market than China for many important countries, and Trump complains due to lack of trade. But China is a significant market for many. Moreover, China is a source of imports that cannot be easily replaced easily. Import, all, is the purpose of trade.

First of all, the United States was invalid. A “Operation” US always looks for a better deal. No painful country should bet, especially in such a partner against China. Trump’s treatment of Canada was a certain moment. Canadians responded again by re-electing liberals. Will Trump learn from this? Can a leopard change stains? This is who he is. He also chose the US voters twice. Moreover, breaking with China would be risky: China will not forget and not forgive.

At least, China believes that their people can give better economic pain than Americans. Moreover, for this, the trade war is mainly demanding shock, mainly supply shock for the United States. The lost request is easier to change more than the missing supply.

Sumsa, the United States will probably won the converse deals and hopes to win. My hypeimer is that this is clear when this is clarified in the White House, Trump will be partially retreated in the other direction, which declares victory in the other direction.

This does not change the reality that the United States has competed with China for the really global influence. Unfortunately, many of them want to do good about it this Us.

Moreover, Trump’s US will not be good. The population is one of the quarters of China. This is more productive because its economy is very dimensional. China is also greater than the influence, cultural, intellectual and political, its ideals and ideas are more attractive. The United States was able to create strong alliances with such industrial countries that strengthen this effect. Sumsa, inherited and blessed with great assets.

Now, consider what happens in Trump mode: Attempts to turn the rule of law into a revenge toolThe disassembly of the open US government; Disrespect to laws with the foundation of the legal governmentOpen scientific research and the attacks Independence of large US universitiesWars in open reliable statistics; Hostility against immigrants (and only those who are illegal), despite the foundations of US success in each generation; one Clearly rejection of medical science and climate scienceAn open rejection from the most basic ideas in the open trade economy; Vladimir Putin, Vladimir Putin, prefer the wrongdoers on Volodymyr Zelenskyy or (worst)Leader of democratic Ukraine; It is also contemplative for the series and enterprises of a cooperation institutions where the United States rested in the established global order. All this is in the hands of a political movement that covers the rebellion in January 2021.

Yes, the global economic order was needed. The fact that China’s progress towards consumption is too much. It is clear that many reforms needed in the United States. What happened is not currently corrected, but the foundations of the US success in the house and abroad are damaged. The loss of damage will be difficult. It will be impossible for people to forget who and why.

One The United States will not leave China, trying to replace the rule of law and the constitution with corrupt crop capitalism. A rapid operation will not receive the heart of the US allies. You need a US in China and cooperates with China. Unfortunately, this will not do good things.

martin.wolf@ft.com

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