“Trade wars often turn into real ones”: what to expect from the standoff between the US and China

“Trade wars often escalate into real ones”: what to expect from the confrontation between the US and China Petro Sineokiy

The United States will do everything possible to prevent China from becoming an equal competitor for the United States. It is important that trade wars do not escalate into something worse.

Political expert, PhD Andrey Gorodnitsky told Channel 24 about this, noting that trade wars quite often led to serious military conflicts. It is important that things do not reach a war between the United States and China.

The United States understands that China is a dangerous rival

As Gorodnitsky noted, China has been working on its influence in the world for a long time. This applies, in particular, to the Panama Canal.

The United States is not interested in China becoming an equal rival. Now Donald Trump is deliberately hitting China. Although a dialogue about a potential deal is also ongoing between them.

Trump imposed only a 10% tariff on China. Most likely, the negotiations are going in a favorable direction for the United States. China has real problems in the economy. But they are trying hard to change this and are using all the levers, – Gorodnitsky said.

Despite the problems in the economy, China is developing strongly in the same direction of modern technologies. And this is already worrying the United States. If they cope with the economic problems there, the United States may get a very serious competitor.

China has certain problems due to the “construction bubble”. But they are trying to mitigate the consequences as much as possible. If we take a very similar financial crisis of 2008, which hit the United States, then China is playing ahead. Banks do not have such debt. They optimize expenses, the state compensates them. Banks do not plan to burst. We do not yet know what may happen. Will China really lose everything or will it be reborn like a phoenix with new technologies, Gorodnitsky noted.

China is a strong rival for the US. And it is quite possible that a new Cold War will arise between the US and China, which will drag on for decades. It will not be possible to win here in a day or two.