> Now reading this article, it seems being a predominantly export driven economy and having a huge trade surplus with the US, the Chinese don't really have that much leverage.
You shouldn't be basing your opinion on opinion news articles. Just 2 years ago, the nytimes was telling us the world was headed to economic armageddon with no end in sight. Look at us now.
One day the news tells you Trump is going to start ww3 with china and the next you'd think china is weak and have to submit to Trump's demand.
> Both of these thoughts arose from the fact that as a democratic country, the US would have to take into account both short and long term trade prospects.
If that was the case, we wouldn't have the rust belt. We wouldn't have the collapse of detroit. We wouldn't have NAFTA or trade with China. Most americans were never for lopsided trade with china or mexico or even canada. I think foreigners have an idealized view of the US, democracy and how things work.
Trade with china for the last 40 years was basically "wage arbitrage" ( which some might call exploitation of cheap chinese labor ). US corporations moved production to china to use the abundant and cheap labor. The reason why we didn't have tariffs on "chinese" imports is because most "chinese" imports to the US are actually american goods. Or it's a sino-american partnership/company. This is why Trump is getting so much backlash from corporate america. The tariffs hurt american goods.
You shouldn't be basing your opinion on opinion news articles. Just 2 years ago, the nytimes was telling us the world was headed to economic armageddon with no end in sight. Look at us now.
One day the news tells you Trump is going to start ww3 with china and the next you'd think china is weak and have to submit to Trump's demand.
> Both of these thoughts arose from the fact that as a democratic country, the US would have to take into account both short and long term trade prospects.
If that was the case, we wouldn't have the rust belt. We wouldn't have the collapse of detroit. We wouldn't have NAFTA or trade with China. Most americans were never for lopsided trade with china or mexico or even canada. I think foreigners have an idealized view of the US, democracy and how things work.
Trade with china for the last 40 years was basically "wage arbitrage" ( which some might call exploitation of cheap chinese labor ). US corporations moved production to china to use the abundant and cheap labor. The reason why we didn't have tariffs on "chinese" imports is because most "chinese" imports to the US are actually american goods. Or it's a sino-american partnership/company. This is why Trump is getting so much backlash from corporate america. The tariffs hurt american goods.