Jeffrey sachs was so brave to speak out against Donald Trump trade war,like if his top advisers aren't ready to speak the truth to him,some else has to. he was bold enough to say the truth that the US hate China because China is big and successful,in a trade war between the US and China,China will eventually win because China doesn't depend on the US Market. I so much Love this man for been courageous to speak the truth.
more countries would likely revolt against the US, form trade partners and make US a common enemy and that would see the US economy in possible disaster.
The United States wouldn't be that foolish to an extreme of becoming a common enemy to their trade partners, although they obviously started the trade war to squeeze China economy but the opposite become the case as it ended up weakening the US
Economy. I think the ongoing negotiations with trade partners is to stall any future plans for a revolt and at the same time, offer better trading terms to persuade countries to stop all dealing and trading with China. it's still uncertain what the terms might be but China have already sends
warning against countries that would sides with the US reckless trade war because it will only continue to diminish global trades. What's too hard to accept defeat,I believe if Donald Trump removed all tariffs hike on China goods,the trade war would simply be over by now.
Dude read the room Trump got a big win with his Ukraine deal. Now he tightens the tariffs against China bigly.
https://www.yahoo.com/news/why-trump-ending-minimis-tariff-072133885.htmlChina is fairly fucked as they do not ship food to the USA.
So the leverage of China is cheap crap goods and electronics.
Cheap crap goods do not cut it.
Electronics are good but now with Ukraine giving the USA rare earth China loses some on the electronics.
Plus China ships in tons of food from USA. China could collapse in under a year if Trump keeps this up.
BTW I do not like Trump or Biden I would prefer Bernie over them.