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Why China ‘holds all the aces’ in a full-blown US-China trade war

  • The Trump administration announced on Friday it will impose a 25 percent tariff on up to $50 billion in Chinese goods in an effort to protect U.S. intellectual property and technology.
  • China in retaliation said it will introduce taxation measures of the same scale and strength.
  • The objective is to reduce the size of the U.S.--China trade deficit from an estimated $370 billion to $200 billion by 2020.
  • The administration says these alleged IP appropriations along with corporate espionage have cost the U.S. economy between $225 to $600 billion a year.
  • While this may hurt China in the short-term, it has other markets to sell to in Asia and elsewhere.

OTHER NEWS

Trump’s New National Security Team

30/03/2018, 8:47 AM

While Mike Pompeo and John Bolton have shown that they can communicate with Donald Trump, neither has ever shown any capacity for dealing with a crisis, much less arresting the decline of US leadership in the world. The expected meeting between Trump and North Korean leader Kim Jong-un will be their first test.

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Ông Putin ký luật cho phép đáp trả lệnh trừng phạt của Mỹ

5/06/2018, 10:43 AM

Tổng thống Nga ký luật cho phép cắt đứt hợp tác quốc tế, giới hạn xuất nhập khẩu nhằm đáp trả lệnh trừng phạt của Mỹ và các đồng minh. 

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