The United States Lost the Trade War to China
4 Articles
4 Articles
According to an economist, Washington fails to achieve the goals of its trade war with China, despite eight years of duties and restrictions, while Beijing expands its exports and maintains its industrial and commercial power.
The US Is Badly Losing Its Trade War With China
Xi Jinping’s arrival at the White House on Thursday will be the first Chinese state visit to the United States since 2015. It thus makes for the perfect time to judge the radical changes to US-China trade policy that President Donald Trump unleashed in 2018. After eight years of historically high tariffs, export controls, industrial policy, and more, we can conclude the policy has been a failure by its own objectives.
After Trump started tariff wars, China's trade surplus with the US grew by almost half, writing South China Morning Post, and in financial markets, American government bonds became a "risky asset", unlike Chinese securities.
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