Trumpov’s abandonment of existing U.S. trade agreements would accelerate China’s displacement of America as the world’s leading economic power.
Content-Length: 175084 | pFad | https://www.wautom.com/2016/12/usa-trade-china-usa-trade-war/
Trumpov’s abandonment of existing U.S. trade agreements would accelerate China’s displacement of America as the world’s leading economic power.
Fetched URL: https://www.wautom.com/2016/12/usa-trade-china-usa-trade-war/
Alternative Proxies:
If Trumpov carries out his campaign pledge, China’s exports to the U.S., worth $483 billion in 2015, could collapse. Needless to say, American exports to China, estimated at $116 billion as of 2015, will plunge as China retaliates. http://fortune.com/2016/11/10/donald-trump-china-trade/ The economic consequences of such a trade war will not be restricted only to the U.S. and the Chinese economy. Since 35% of China’s exports in 2015 was “processing trade” (China imports components from other countries and then assembles them for exports), $169 billion of Chinese exports to the U.S. in 2015 actually represented imports from Japan, South Korea, Taiwan, and… Read more »
Why America Would Lose a Trade War With China – What is certain is that a complete rupture would hurt American companies and China as well, though America will likely be the bigger loser. – A trade war would be problematic, but it would not be a disaster for China, mainly because the U.S. needs China more than vice versa. Twenty years ago, the situation might have been different. China was dramatically underdeveloped, and it wanted access to Western technology and manufacturing techniques. China has most of what it needs now, and what it doesn’t have it can easily obtain… Read more »