If you want to know the endgame in this China trade war, it is probably this: redirect supply chains to favor American manufacturers; pressure the Communist Party to open its mega domestic market to Americans with no strings; and challenge Chinese dominance in Asia, a dominance many in Washington feel was ill-gotten, partly on the backs of intellectual property theft.
Here's an example as to why: analyst Zhang Lin criticized Beijing for its trade war strategy in an op-ed published July 30 in the South China Morning Post.
Nowadays they are moving in search of safe havens from the escalating trade war between China and the U.S., said Clara Chan Yuen-shan, president of the Hong Kong Young Industrialists Council and chief executive of Lee Kee Holdings.
If you believe China's One Belt One Road project is a means for China to develop markets for its industrial machinery and consumer goods-thus expanding the reach of important companies like telecom systems giant ZTE and heavy machinery manufacturer Zoomlion'then a rival to that gives incentives to Asians to stick to Cisco and Caterpillar instead, in the simplest of terms.
"The U.S. withdrawal from the Trans-Pacific Partnership was a disappointment to countries seeking a counterweight to China's growth. But that was 18 months ago, and most have adjusted to the new reality. The blow has been softened by the fact that the new tariffs between China and the U.S., at least directionally, create some of the same incentives to increase trade with these other countries as the TPP would have done. Friendly words from Secretary Pompeo solidify that sentiment," Keller says.
Trump being Trump threatened tariffs on everything China sells to the U.S., or around $500 billion.
Either new tariffs will be announced or Trump will be too busy running around the Special Counsel to attack China.
https://www.forbes.com/sites/kenrapoza/2018/07/31/u-s-goes-for-chinas-jugular/#6161b99966e3
Here's an example as to why: analyst Zhang Lin criticized Beijing for its trade war strategy in an op-ed published July 30 in the South China Morning Post.
Nowadays they are moving in search of safe havens from the escalating trade war between China and the U.S., said Clara Chan Yuen-shan, president of the Hong Kong Young Industrialists Council and chief executive of Lee Kee Holdings.
If you believe China's One Belt One Road project is a means for China to develop markets for its industrial machinery and consumer goods-thus expanding the reach of important companies like telecom systems giant ZTE and heavy machinery manufacturer Zoomlion'then a rival to that gives incentives to Asians to stick to Cisco and Caterpillar instead, in the simplest of terms.
"The U.S. withdrawal from the Trans-Pacific Partnership was a disappointment to countries seeking a counterweight to China's growth. But that was 18 months ago, and most have adjusted to the new reality. The blow has been softened by the fact that the new tariffs between China and the U.S., at least directionally, create some of the same incentives to increase trade with these other countries as the TPP would have done. Friendly words from Secretary Pompeo solidify that sentiment," Keller says.
Trump being Trump threatened tariffs on everything China sells to the U.S., or around $500 billion.
Either new tariffs will be announced or Trump will be too busy running around the Special Counsel to attack China.
https://www.forbes.com/sites/kenrapoza/2018/07/31/u-s-goes-for-chinas-jugular/#6161b99966e3
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