Trump’s trade war with China: a win for the US or a global disaster?

Can a trade war with China be won? President-elect Donald Trump has promised to put America first with tariffs of up to 60% on Chinese imports. But will the result be a stronger U.S. economy or a global economic crisis? Millions of Americans support Trump’s plan to “punish” China, yet doubts remain about whether this approach can truly bring jobs back to the U.S. With questions over Taiwan’s security, the shifting role of the Global South, and how consumers might respond to rising retail prices, we dive into the uncertain future of US-China relations.

Guests:

Einar Tangen
Chinese Affairs Analyst

Jeffrey Stacey
Former State Department Senior Official in the Obama Administration

Dane Chamorro
Former US Diplomat

#Trump #China #thenewsmakers

[ianbirkinhead]

Most people forget, it wasn’t China that stole American jobs, it was American Big Business that hi-jacked American jobs, they did it with Nike, who ran sweatshops in Taiwan and Korea, then when it was no longer profitable moved to India, Indonesia and Pakistan. Apple did it with the iPhone and computers, even Harley Davidson and you don’t get more iconic than that. America has failed to realise that where the workers have money in their pockets they will buy products. Korea got rich, Japan got rich, China got rich and the standard of living rose in those countries. American standard of living sinks deeper every year. The rich get richer every year, and the poor only get poorer- no jobs - no money so they continue to buy overseas products because that is all that they can afford. Trump will continue to make the rich richer and he will blame the immigrants for stealing American jobs, but I don’t believe that a high school or university graduate will be driving taxis, working in an abattoir, sweep roads etc., etc..

[gingerkilkus]

It does matter who's in government, not so much in the short-term, but if Americans can consistently elect people who are financially responsible and not corrupt, then we can turn this trend around. It will take a long time and Americans aren't known for electing financially educated people into office so it's more likely America will simply collapse under the weight of the stupidity of its people while politicians launder all the money they can through pet projects and wars.

[booneulidan]

I don't know why people like to talk the collapse of China' s economy. But sorry China disappoints them. The reality is that China's economy is growing by leafs and bounds! Congratulations to China a thousand times!!!

[englishtito]

Many countries realized the bullying of US and they don't like US thry prefer China 🇨🇳

[ellaaysun]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[silversurfergw]

All these tariffs are against WTO rules.. But the US has blocked WTO by postponing, for years now, the appointment of appeal judge.

[johntaichi]

If you make China pay the tariffs, that would make more sense. If you let Americans pay the tariffs that would be bad for American citizens, make inflation higher. Not everyone is rich like Trump.😂

[yenriver]

US have a population of over 300 million. South America, Africa and Middle east and Asia combined surpass 1 billion. I think China has work that out long time ago not to rely on US trade! 5000 years of civilisation has taught China many things.

[booneulidan]

Of the 3, Mr. Tangen is the most knowledgeable and the most sensible. Keep up the good work, Mr. Tangen!.

[akbarmohammedeva]

US Tariffs means American consumers pay more for products, whilst the US government profits.

[MarioCanez]

China doesn't need the USA, , thats a big problem, , , 😂😂😂

[inmyopinion]

Not sure who wins but we the US consumer lose because they will just raise prices

[TimePeace]

It's hard to understand why the US believes that the US benefits more with China as an enemy than as a friend in the long run.

US is tribal, win-lose, and therefore emphasizes on dominance politics, mainly military.

China is more about being friends to all, win-win, collaborative and emphasizes economics where all can benefit.

[Allgood]

Is it a wonder why most of Trump's business went bankrupt?

[thetravelers_blog]

Punishing China, what a stupid idea 😂

[Eric-dzwe]

China has a long-view
America plays short game every 4 years it could change

[horridohobbies]

The US may be a belligerent warmonger, but it is not insane. It avoided a direct confrontation with Russia in Ukraine because Russia is a very, very dangerous adversary. And the US will similarly avoid confronting China over Taiwan.

Remember that the US has not fought with a military peer in nearly 80 years. Just about all of its wars have been against rice farmers and goat herders armed with AK-47.

Remember that the US has not had a significant military victory in nearly 80 years. How will the US fare against China, which has the world's largest army and the world's largest navy?

Remember that the US has just abandoned Ukraine. It will similarly abandon Taiwan. The US never cared about these two countries; they're just political pawns.

[ronmorris]

Trump will create a worldwide depression. Let’s see how that makes Trumpers happy.😂

[bobcharles]

As an American I think the sooner we over the mind set that China is more dependent on us then we are on them the better. The reality is that China is more or less as powerful as us in every way. Having any kind of conflict with someone who is as powerful as your is definitely lose-lose in equal measure.

[byhyew]

LOL. It's funny how the hostress immediately goes berserk and talks down the most knowledgeable guest here when he starts stating facts like China's economy is still growing at 5%...