The Donald Trump administration uses every mechanism to cut China out of the global supply chain, but nothing seems to be working as a resolute China is unwilling to back down and dismantle its technological gains.
Tag Archives | Trade War
The coronavirus pandemic of 2020 has slammed into the global system with almost the same impact we might expect from an asteroid strike. All aspects of economic, cultural and political activity on the planet have been devastated and disrupted in ways that seemed unimaginable just a few months ago.
Industries prepare for decoupling as worst scenario, accelerating homegrown technologies as Washington hawks destroy global supply chain.
In defence of his trade war with China, Trump claims that ‘when you’re $500bn down you can’t lose.’ The problem with this stance is that persistent U.S. trade deficits with China are arguably a sign of U.S. strength or even imperial privilege, not weakness. However, on this issue, he has much of conventional economics wisdom […]