In these types of stand-offs, the Americans usually win, as they are at any point prepared to inflict massive damage upon their own population solely to hurt their adversary. Sure, the tariffs are going to hurt China's export-oriented economy, but it's also going to cause massive price inflation among Americans, which is going to push even more of them into desperate poverty. However the people in Washington who make these decisions don't have to care about an extra 10 million people being made homeless over 5 years, or 50 million going bankrupt because of the added pressure on their finances (mind the recent articles from various banks about American credit card defaults being at the highest level since 2009-2010).
When it comes to exerting brutality against its own people, capitalists will always win over socialists.
The worst part is that many export economies that get destroyed in the process will still have to get IMF loans to save them anyway aka privatization, so they might as well cede some of the conditions to the US imperialists and pray that the worst won’t come to them.
China is a far stronger economy though but certainly not without significant challenges in its economy, so we’ll see how this plays out.
In these types of stand-offs, the Americans usually win, as they are at any point prepared to inflict massive damage upon their own population solely to hurt their adversary. Sure, the tariffs are going to hurt China's export-oriented economy, but it's also going to cause massive price inflation among Americans, which is going to push even more of them into desperate poverty. However the people in Washington who make these decisions don't have to care about an extra 10 million people being made homeless over 5 years, or 50 million going bankrupt because of the added pressure on their finances (mind the recent articles from various banks about American credit card defaults being at the highest level since 2009-2010).
When it comes to exerting brutality against its own people, capitalists will always win over socialists.
The worst part is that many export economies that get destroyed in the process will still have to get IMF loans to save them anyway aka privatization, so they might as well cede some of the conditions to the US imperialists and pray that the worst won’t come to them.
China is a far stronger economy though but certainly not without significant challenges in its economy, so we’ll see how this plays out.