Geopolitical Economy Report on Nostr: How the US is waging economic war on China - Geopolitical Economy Report ========== ...
How the US is waging economic war on China - Geopolitical Economy Report
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Political economists Radhika Desai and Michael Hudson analyze how the United States is waging an economic war against China. The US keeps military and diplomatic tensions high, continues provocative visits of high-ranking officials to Taiwan, and tries to stoke up trouble between China and its neighbors. The US engages in economic provocations against China, including tariffs, restrictions on companies like Huawei and TikTok, and accusations of dumping and overcapacity. However, China has become a manufacturing superpower, leading in frontier sectors like green technology and artificial intelligence. The US is struggling to compete and is divided on its approach to China. The US steel and shipbuilding industries have declined significantly, while China dominates these sectors globally. Treasury Secretary Janet Yellen has accused China of dumping and overcapacity in clean energy products, but these claims are seen as attempts to protect US industries. The US is also pressuring China to increase domestic consumption and reform its business environment, but these recommendations go against the policies that have driven China's growth. Overall, the US is facing challenges in its economic war against China and is resorting to tactics that may not be effective.
https://geopoliticaleconomy.com/2024/04/09/us-waging-economic-war-china-radhika-desai-michael-hudson/
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Political economists Radhika Desai and Michael Hudson analyze how the United States is waging an economic war against China. The US keeps military and diplomatic tensions high, continues provocative visits of high-ranking officials to Taiwan, and tries to stoke up trouble between China and its neighbors. The US engages in economic provocations against China, including tariffs, restrictions on companies like Huawei and TikTok, and accusations of dumping and overcapacity. However, China has become a manufacturing superpower, leading in frontier sectors like green technology and artificial intelligence. The US is struggling to compete and is divided on its approach to China. The US steel and shipbuilding industries have declined significantly, while China dominates these sectors globally. Treasury Secretary Janet Yellen has accused China of dumping and overcapacity in clean energy products, but these claims are seen as attempts to protect US industries. The US is also pressuring China to increase domestic consumption and reform its business environment, but these recommendations go against the policies that have driven China's growth. Overall, the US is facing challenges in its economic war against China and is resorting to tactics that may not be effective.
https://geopoliticaleconomy.com/2024/04/09/us-waging-economic-war-china-radhika-desai-michael-hudson/