2 ms·
Another source wouldn’t matter, the point is Trump and the US thought China was beholden to them, and surprise surprise, the global economy can sink all of the
by toomuchtodo 10mo ago
Another source wouldn’t matter, the point is Trump and the US thought China was beholden to them, and surprise surprise, the global economy can sink all of the exports China can ship. The US proved its own irrelevance with this policy footgun.
> Trade with the US did weaken, but this was made up for by a rise in Chinese exports elsewhere, especially to South East Asia, Africa and Latin America.
China is going to help the rest of the world reach developed status affordably through these exports (clean tech and technology primarily) to stave off deflation and keep production and workers utilized, and the US isn’t going to replace this loss with domestic production.