· 01:16
Welcome to today's episode where we discuss the latest developments in the ongoing trade war between the U.S. and China, specifically under the Trump administration. A recent opinion piece highlights how Trump's tariff war is already off to a rocky start. The author critiques Trump's negotiation skills, noting, "He seems to have forgotten... have a clear and attainable goal."
Despite the hefty tariffs imposed, China appears more resilient than during Trump’s previous term. In fact, exports to the U.S. have dropped significantly as China diversifies its markets and reduces reliance on American trade. As one analyst points out, "China is not as economically tied to the United States as before."
Trump’s recent decision to pause tariffs due to investor concerns demonstrates a wavering stance that could weaken his position. With rising inflation and market fears looming in the U.S., the article argues, "Mr. Trump’s boorish, erratic approach has raised the risk of a world recession."
In contrast, China remains steadfast, conditioned by historical endurance. This back-and-forth shows that, contrary to Trump's narrative, it might be him who blinked first in this high-stakes game. Stay tuned as we continue to unpack these developments in future episodes.
Link to Article
Listen to jawbreaker.io using one of many popular podcasting apps or directories.