Published 30/04/2025 18:25
In article Financial Times, Economics-chief commentator Martin Wolf points out that the United States strategy, under Donald Trump’s leadership, is compromising his position against China. According to the writer, the US will be unsuccessful, much less can overcome the war against the communists.
Part of this happens because it raises the assets responsible for maintaining the status of the country. In the text with the title “Why will the US lose to China”Wolf classifies Trump’s reciprocal tariff measures before the world as one of the most eccentric trade policies ever carried out. The article was republished by S.Paulo Sheet.
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For Wolf, the idea that the US will win over and the loser China is not plausible, as the Chinese also have powerful instruments on their side. Therefore, trying to persuade business partners to lift barriers against the Chinese in exchange for better agreements with the US does not sound so attractive.
In parts this occurs because many countries have more trade with China than with the US, such as Brazil, Australia, India, Indonesia, Japan and South Korea. In the opposite direction, Chinese products are essential for various economies, including without substitutes in the international market.
Wolf’s analysis suggests that US “transactional” approach, focused on immediate gains and disregarding fundamental alliances and principles, is weakening its global influence. The lack of solid commitment to international standards and growing hostility in relation to immigrants and democratic institutions undermine the confidence of other countries in their leadership.
Wolf understands that with these attitudes, Trump took the reliability of the US. Proof that the role thrown by the American is not wise was the election of liberals in Canada after being discredited. Trump’s discourse against measures united the party and the population.
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According to the commentator, Trump will not change and China will hardly forget this trade war. In addition, Chinese communists believe their people can better bear this battle.
He also points out that this war is as a shock of supply, while for China is a demand shock, something easier to overcome. In its assessment, the White House should retreat when the reality knocks on the door, without admitting defeat, but seeking new alternatives.
Wolf also notes that while the US faces internal challenges, such as attacks on the rule of law, science, environment and education, as well as contempt for historical alliances that support the global order, China maintains a cohesive and resilient stance.
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The Asian nation has consistently invested in strategic areas such as technology and infrastructure, consolidating its position as a global power. In addition, China demonstrates an ability to support economic difficulties more effectively, which gives it an advantage in prolonged disputes.
In Wolf’s view, the world economy lacks advances, as is the US. However, what Trump promotes is the ruin of the success of yore, with almost irreversible damage that will have as a memory of his fingerprints.
Finally, the article concludes that a competitive and cooperative US with other nations would be the way out, but what you have is a “corrupt capitalism” that will be swallowed by China.
Source: vermelho.org.br
