The Incoherence of US Trade Policy Towards China: A Political Strategy Masquerading as Trade Policy
===============
#226688e6 ver:0.22
US trade policy towards China is incoherent, blaming China for the trade deficit while ignoring the root cause - federal government spending. The US-China trade war diverts trade to higher-cost countries and compromises green-energy objectives. The IMF warns that geopolitical division between China and the West threatens global economic growth. Economic fragmentation carries a high cost, and low-income countries will be hit hardest. To mitigate the impact, diversify commodity supply and invest in critical mineral recycling. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China could have significant implications for global supply chains and economic growth. The trade war has led to a shift in China's export products and a technological race between the two superpowers. The most likely scenario is a gradual return to economic reason, but mutual trust may be lacking. #TradePolicy #Geopolitics #EconomicIntegration #Decoupling...
#newstr #UsTradePolicy #China #Globalisation
https://here.news/story/226688e6?ver=0.22
Protecting Global Free Trade in the Face of US Nationalism /
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2024-05-30 23:57:22
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2024-05-30 23:57:22Event JSON
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"content": "The Incoherence of US Trade Policy Towards China: A Political Strategy Masquerading as Trade Policy\n===============\t\n#226688e6 ver:0.22\n\nUS trade policy towards China is incoherent, blaming China for the trade deficit while ignoring the root cause - federal government spending. The US-China trade war diverts trade to higher-cost countries and compromises green-energy objectives. The IMF warns that geopolitical division between China and the West threatens global economic growth. Economic fragmentation carries a high cost, and low-income countries will be hit hardest. To mitigate the impact, diversify commodity supply and invest in critical mineral recycling. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China could have significant implications for global supply chains and economic growth. The trade war has led to a shift in China's export products and a technological race between the two superpowers. The most likely scenario is a gradual return to economic reason, but mutual trust may be lacking. #TradePolicy #Geopolitics #EconomicIntegration #Decoupling...\n\n#newstr #UsTradePolicy #China #Globalisation \n\n https://here.news/story/226688e6?ver=0.22",
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