This is Truly a Trade War

The trade negotiations between the Trump administration and the People's Republic of China (PRC) are not rooted in commercial disputes. Though media discussions are dominated by issues about opening markets for U.S. exports limited by Chinese policy, the real issue is national security and the need to keep the balance of power tilted in America's favor. Business is the means, not the end. Comparative national capabilities in industry and technology determine military potential, and financial strength supports economic development and diplomatic influence. China's rapid growth has moved the country from the seventh largest GDP in 1980 to the second largest today with the world's largest manufacturing capacity. Beijing's rise threatens to overturn world politics in the same way Germany did when it overtook Great Britain at the end of the 19th century. It was only because the U.S. economy surpassed the industrial might of Germany that the world wars turned out as they...(Read Full Article)
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