U.S. winning world economic war(axios.com)
axios.com
U.S. winning world economic war
https://www.axios.com/2024/01/31/us-economy-2024-gdp-g7-nations
5 comments
it's kind of obvious. the closer we are to a world war, the better US will do because it's the safest place to invest. who is going to invest in china when US is pumping weapons into taiwan. seems more or less the same blueprint as with ukraine. if war starts, your investment in china is worth 0.
This idea of economic war doesn’t make sense. It’s not zero sum. Growth in the US should contribute to growth elsewhere in terms of trade, tourism, etc.
Well, this is Europe's chemical industry going towards cheap energy.
Good? USA is a major strategic ally to most of the civilized world. This is not a zero-sum game.
I wonder, does this validate Trump's economic policies?
I wonder, does this validate Trump's economic policies?
Hate to say this, but yes to some extent. Trump imposed tariffs on hundreds of billions of dollars worth of Chinese goods in 2018 and 2019. His aggressive stance on the trade war with China spooked quite a bit of foreign investments into China.
China "Offshoring/Outsourcing" became a liability. US companies moved production elsewhere (Vietnam, India, Malaysia, Mexico, etc) and even back to the States.
Markedly visible in my recent visit. Expats have left in droves in Beijing and Shanghai. Airports are pretty much empty.
China "Offshoring/Outsourcing" became a liability. US companies moved production elsewhere (Vietnam, India, Malaysia, Mexico, etc) and even back to the States.
Markedly visible in my recent visit. Expats have left in droves in Beijing and Shanghai. Airports are pretty much empty.