A Trump se le vuelven las cosas en contra | Opinión | EL PAÍS

The Shifting Sands of the Trade War

Initially, the US seemed poised to win the trade war with China due to China's greater reliance on US exports. However, China's restriction on rare earth mineral exports revealed a critical US vulnerability, as these minerals are essential for various industries. This reversed the initial assessment of the trade war's outcome.

China's Strategic Moves

China's response included the following strategic maneuvers:

• Restriction of rare earth exports, a key component in various technologies.
• Development of domestic technological capabilities to reduce reliance on US technology.
• Stimulating economic growth through increased fiscal spending and currency adjustments.
• Strengthening trade relations with Southeast Asia and the European Union.

These actions countered the anticipated economic impact of the trade war, highlighting China's preparedness.

US Economic Instability

In contrast, the US economic strategy under Trump's administration was characterized by:

• Inconsistent economic policies, including fluctuations in desired dollar strength.
• Unpredictable tariff implementations.
• Increased budget deficit with unsustainable fiscal plans.
• Threats towards the Federal Reserve chairman.

These actions led to decreased investor confidence and consumer trust, undermining the US's economic position.

Political Landscape

Xi Jinping's leadership enjoyed unified support amidst the trade war, in contrast to the growing dissent and declining popularity of Trump within the US.

Conclusion

The article concludes that the US may need to declare victory and withdraw from the trade war, highlighting the significant shift in power dynamics and economic vulnerabilities uncovered by the conflict.