Donald Trump otworzył wrota zła. USA i Chiny na skraju przepaści. Ekspert z Oksfordu: ból będzie ogromny - Wiadomości

The US-China Trade War: A Looming Crisis

The article details the escalating trade conflict between the United States and China, initiated by Donald Trump's tariffs. It highlights the high stakes involved, with tariffs reaching 145% on goods imported from China to the US, and 125% on US products sold to China.

Key Players and Their Actions

• Donald Trump: Initiated the trade war with tariffs and engaged in direct communication with Xi Jinping.
• Xi Jinping: Worked to resolve ZTE's issues with Trump, and prepared China's economy for prolonged conflict with the US.
• Experts: George Magnus (Oxford University) warns of the potential for the conflict to escalate beyond economic consequences. Jacob Gunter (Merics) emphasizes China's growing self-sufficiency.

The article underscores that both countries have taken steps to decouple their economies. China has reduced its reliance on US markets, and the US has restricted Chinese companies' investments and technology access.

Economic and Geopolitical Impacts

The conflict's consequences include: rising prices, job losses, and a slowdown in economic growth for both nations. The crisis also threatens to affect global supply chains and spill into geopolitical issues such as Taiwan and the South China Sea.

Potential Solutions and Outlook

While there's optimism for a negotiated resolution, the article suggests lasting peace is unlikely due to fundamental economic, technological, and geopolitical differences. Even a temporary agreement would offer only fragile stability, with lasting impacts on global markets and supply chains. The potential for redirecting Chinese exports, though posing risks for developing nations, presents a potential opportunity for Europe to fill supply gaps.