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by corimaith
478 days ago
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Dealing with China's trade surplus requires a coordinated response, a large component of which will require the EU's help to setup similar tariffs against China considering they are the second largest consumer market. If Trump tries to go it alone against China with just tariffs, all it achieves is just a repeat of 2016 which is largely ineffectual. And the cards the US has is running out, right now China's consumer market is too weak to provide growth hence we can use access to consumer markets as leverage, but once they achieve "Dual Circulation" in enlarging their consumption, the US (and most of the world) likely will be acceding economic dominance against an onslaught of cheaper Chinese exports (both in low-end and high-tech) while their internal market makes them invulnurable to any retaliation. |
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