Economic realities of Trump’s trade war with China
COMMENTARY
By Peter Morici - Tuesday, February 4, 2025
OPINION:
The world has changed since President Trump was first elected in 2016.
China is emboldened by global dominance in manufacturing. With a sophisticated Navy and an axis with Russia, Iran and North Korea, Beijing is more confident about standing up to Mr. Trump’s threats and asserting its interests.
Still, China’s reliance on exports to sustain growth, a thin safety net, excessive domestic savings and a burst property bubble have left it at risk of deflation.
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READ MORE: https://www.washingtontimes.com/news/2025/feb/4/economic-realities-trump-trade-war-china/
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