Reality check: The ongoing US-China trade war, fueled by tariffs imposed by the US, is causing significant economic turmoil in China. The US, under the leadership of President Trump, has raised tariffs on Chinese imports, leading to retaliatory measures from China, creating a trade war that has had a detrimental impact on China’s economy.
China’s factory activity has slowed down, and export orders have decreased significantly, indicating a downturn in production due to the trade war. The World Trade Organization estimates that Chinese exports to the US will decline substantially, potentially leading to economic challenges.
Many Chinese companies reliant on the US market are facing difficulties, with some halting production and putting employees on leave, raising concerns about job security. Analysts are warning about the possibility of a recession in China due to the impact of the US tariffs. The trade war is also impacting the global economy, with concerns about reduced demand for Chinese goods and potential retaliation from other countries.
” But they need America. They buy from us, or sell us about four to five times more than we sell them. That’s why we will win in a trade war. I hope Xi Jinping has more sense and will step up and call the president and say ‘Let’s work something out.’”
Hegemony ... what the ChiCom want and scream about anyone resisting...
Xi Jinping favors his Belt and road bait and switch scam better.
“unilateralism and hegemonic bullying”?
You mean like how China treats Taiwan and the Philippines?