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What sanctions are China going to leverage on USA? The Yuan is pegged to the USD at an artificially low exchange rate and America owns little of strategic value
by chrisco255 1y ago
What sanctions are China going to leverage on USA? The Yuan is pegged to the USD at an artificially low exchange rate and America owns little of strategic value in China. Tariff wars are already ongoing as the economies go through a gradual divorce.
China's economy is export-based and U.S. is its largest buyer. If it refused to export to the U.S. its economy would go into a freefall and the Yuan would hyperinflate.
- notTooFarGone 1y agoWe see how much leverage the US has with current toothless tariffs on China. Remind me what is the tariff and how often was it postponed? China is taking over as the more stable and reliable partner for so many counties - I don't like it really but what can you do