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0 sats \ 0 replies \ @Solomonsatoshi 31 Mar \ on: March ~econ check-in econ
China has won the trade war.
This and its consequences is not being covered sufficiently in this territory.
Trump has threatened to block trade with all nations buying Russia oil if Putin does not agree to end his invasion of Ukraine...Trumps threat is effectively saying he would block trade with China if the Chinese backed invasion of Ukraine does not stop.
#929656
This is getting close to a declaration of war on China.
A declaration China knows Trump cannot afford to make.
This has massive implications for the economy of not just USA but of the world and ensues from the fact that China has won the trade war and Trump is fighting to damage control the consequences- namely the decline of US hegemony and the rise of China.
Libertarians and US exceptionalists seem blind to what is happening.