BrainNebula
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Gary Shilling, an elite economist who predicted the housing crash, explains why the USA will win the trade war with China, and why we'll be better off for the trade war.
Source
Gary Shilling, an elite economist who predicted the housing crash, explains why the USA will win the trade war with China, and why we'll be better off for the trade war.
Source
Of course we'll win if his opponents stop hindering his efforts.
China's recent economic success is based on changing from a pure controlled-economy to a mixed controlled-capitalist one. It is also dependent on American investments, access to American products, transfer of American industry to their territory (which provides employment and profits), and the access to American technology (via theft or agreement) from those same companies. This won't last forever as they eventually catch up; but right now it gives the US an edge that Trump is trying to leverage into fairer trade to benefit the USA.
Right now we have that leverage, and IMO we'll win this trade war if we stick to our guns.