The Incoherence of US Trade Policy Towards China: A Political Strategy Masquerading as Trade Policy
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#226688e6 ver:0.23

The US trade policy towards China is incoherent and focused on blaming China for the trade deficit, ignoring the root cause - federal government's unchecked spending. The IMF warns that the geopolitical division between China and the West could have dire economic consequences, threatening trade cooperation and global growth. Economic fragmentation carries a greater potential cost due to higher global reliance on trade. To mitigate the impact, diversifying sources of commodity supply and investing in critical mineral recycling are recommended. Preserving gains from open trade and developing digital trade infrastructure are crucial. The possibility of decoupling between the US and China economies is a topic of discussion, with significant implications for global supply chains and economic growth. The trade war could become a 'forever war' with no clear end in sight, leaving both countries worse off....

#newstr #UschinaTradeWar #StephenRoach #TradePolicies #Semiconductors #GreenEnergy #BidenAdministration 

 https://here.news/story/226688e6?ver=0.23