Question

The Ongoing trade war between the US and China

Does this represent a failure of the project of globalization? Is this a fight over trade or is it about geopolitical and strategic issues between the strongest and largest economies of the world?

Answer 1

Among business practices and their effects that America claims to be unfair are the growing deficit, theft of intellectual property, and therefore the imposed transfer of technology from the US to China. These and other fare fundamentals and US-China trade dispute and China points to a serious potential failure for globalization and therefore the impacts economic slowdown of nations As the trade dispute between and China arrives at another level and affects financial markets, the most important long-lasting victim could also be the globalization trend that has developed over the years and A deficit happens when a country's imports exceed its export values and therefore a trade war occurs when one country retaliates against another by raising import tariffs or imposing other restrictions on imports from the other country, however, a tariff is a tax or duty on goods imported into a nation and Geopolitics consists of politics, economics, and military affairs within the case of China, politics and therefore the economy is putting pressure on the US although there are not any military considerations to prevent US action. and therefore If the Chinese plan to fight militarily, it's best to do so now once they remain weak, and later once they are stronger and the logic of geopolitics has brought us to the present point. and therefore America is unlikely to return without compromising what China cannot do and China's national trading policy that fails to deliver more immediately is bad because a more important goal is geopolitical survival and the important value of trade war is that it prevents American companies from helping an opponent emerge and strategic problems implemented by America China will continue its plans to dominate commercial shipping lanes, intimidate neighbors with its military power and corner the worldwide technology market. and Trump stated its planned tariffs on Chinese imports would make America away stronger and richer country. However, the steps to impose tariffs have raised concerns about a global trade war.