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Trump may win the trade battle with China but lose the war

China Trump

It’s been brewing for a while, but now it’s here, will there be a clear winner or loser?

 

Jason Booth
Tribune Interactive

The long-predicted trade war with China is here. China just responded to President Donald Trump’s tariffs on steel and aluminum by slapping tariffs on U.S. food and steel pipes, setting off a sharp drop in U.S. stocks. With the White House promising additional trade barriers on up to $60 billion in Chinese imports, more tit-for-tat trade retaliation seems likely.
But many economists and trade experts believe that, while the U.S. president could win the current battle, he will ultimately lose a trade war and a big reason for that should concern the U.S. tech sector.
China’s export-focused economy has much more to lose right now from a protracted fight than does the U.S.
“China has far more exposure to the U.S. regarding exports,” says Christopher Thornberg at Beacon Economics in Los Angeles. Its state-owned enterprises depend on exports to the U.S. to keep paying off their significant loans. Exports overall account for about 20 percent of China’s GDP, with a quarter of that going to the U.S. By contrast, only 11 percent of U.S. GDP is export-based, of which 10 percent goes to China….

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About the author

Martin Harris

I have a lovely partner and 3 very active youngsters. We live in the earthquake ravaged Eastern Suburbs of Christchurch, New Zealand. I began commenting/posting on Uncensored back in early 2012 looking for discussion and answers on the cause and agendas relating to our quakes. I have always maintained an interest in ancient mysteries, UFOs, hidden agendas, geoengineering and secret societies and keep a close eye on current world events. Since 2013 I have been an active member of theCONTrail.com community, being granted admin status and publishing many blogs and discussion threads. At this time I'm now helping out with admin and moderation duties here at Uncensored where my online "life" began.

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