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Trade War Update: U.S. Goes For China's Jugular

Wednesday, August 1, 2018 18:12

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Via Lê

Companies have been slowly moving their production lines to Malaysia, Vietnam and elsewhere in Southeast Asia to avoid rising wages and land costs.

If you want to know the endgame in this China trade war, it is probably this: redirect supply chains to favor American manufacturers; pressure the Communist Party to open its mega domestic market to Americans with no strings (already happening pre-tariffs); and challenge Chinese dominance in Asia, a dominance many in Washington feel was ill-gotten, partly on the backs of intellectual property theft.

China is an export-driven economy. It owes its wealth to that. The Trump Administration is going after China’s jugular. And China is feeling it.

More @ Forbes

Source: https://freenorthcarolina.blogspot.com/2018/08/trade-war-update-us-goes-for-chinas.html

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