1 week, 1 day ago
US bullying erodes values that made US world leader
Luo Jie/China Daily In launching an unnecessary and poorly conceived trade war — particularly against China — US President Donald Trump has committed at least three serious strategic errors. To begin with, the idea that the US economy can emerge stronger from a tariff-fueled trade war reflects a misunderstanding of the global economic system. In the end, China will turn the trade war into an opportunity to speed up its economic transformation and reduce its dependence on US markets and technologies. Regional trade agreements like the Regional Comprehensive Economic Partnership, which excludes the US, are concrete examples of how globalization is continuing without the US' leadership.
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