This is a game China will lose. Only 15% of our GDP is export based and their GDP is substantially export based more than half to the US. In the end the big win will be when Trump requires China to take more exports from the US to narrow the trade imbalance. Then we really win big time.
Enda Curran Chief Asia Economics Correspondent:
“It’s worth remembering we are witnessing something much broader than a classic trade dispute. This is also about the U.S. challenging China’s future economic model and its ambitions to become a global leader in tech and other sophisticated goods.
Donald Trump accuses China of stealing U.S. know how to achieve its ambitions, which is why the negotiations could prove a lot more complex than agreeing to buy more beef and pork.”
“This is a game China will lose. Only 15% of our GDP is export based and their GDP is substantially export based more than half to the US.”
If you remove the surplus that China runs with the USA, they run a net deficit with the rest of the world. The must import huge amounts of fuel and raw materials.