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It is not just about chips. This is probably the golden opportunity for the US to cripple China's export and push China into longer cycle recession which is lon
by chewz 7y ago
It is not just about chips. This is probably the golden opportunity for the US to cripple China's export and push China into longer cycle recession which is long overdue anyway. That would cripple Chinese economy for next 20-40 years, give way for social problems and give the US and the rest some breathing space.
The other scenario is that Trade War will lead to real war (possibly by proxy). The situation is quite similar to pre WWI with China being in a role of Imperial Germany with fast growing economy, teritorial demands and unstable ruler. That war could also stimulate the US economy.
These are pretty dim scenarios but surely someone in Washington is thinking in terms or real-politik. In Bejing they do.