President-elect Trump's trade war against China has sparked fears of a new Cold War between the two superpowers. China's rapid economic rise and dominance in international trade have challenged America's position as the world's leading economic power.
As the US falls behind in the growing trade war , President-elect Trump has thrown down the gauntlet at the Asian giant. But can there be a winner in this war?In recent decades, China has shown that it is firmly on course to replace America as the world’s biggest economic superpower, perhaps much sooner than expected. Donald Trump is weeks away from taking charge of the White House as the 47th US President.
But his war cry is already echoing in the power corridors of Beijing and has sent shockwaves worldwide. The US tycoon-turned-politician’s escalation targeting China has all the ingredients of a snowballing Cold War between Washington and Beijing, the two biggest superpowers today. Redefining the US-China tensions as a ‘Cold War’ might sound far-fetched at first glance. But scratch the surface, and there are undeniable resemblances with the original US-USSR Cold War of the post-World War II era. Shortly after defeating Joe Biden in the presidential election in November, Trump proclaimed a menacing multi-front trade war aimed generally to protect the US economy and specifically to rein in China.But he has been particularly hawkish about China, announcing that the Asian giant will be slapped with 10 percent higher import tariffs – over and above the current levies – if Beijing doesn’t take action to freeze fentanyl, a banned drug, from entering US territory. The answer lies in some numbers that show that China’s shadow on a stagnating US economic landscape is quickly getting longer, bigger, and darker. In recent decades, China has shown that it is firmly on course to replace America as the world’s biggest economic superpower, perhaps much sooner than expected. What’s the DNA of this Chinese growth story that has spooked Washington? It is China’s masterful handling of international trade. To be precise, Beijing’s ability to keep winning the perpetual ‘export war’ against the US.$279.4 billion. It far outstripped any other country on the plane
TRUMP CHINA TRADE WAR COLD WAR SUPERPOWERS
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