The US may not succeed in getting China into a trade war with it. In this respect writer Nihon Keizai refers to the American economist Fred Bergsten.
According to Fred Bergsten of the Peterson Institute for International Economics, the United States will fail in its attempt to contain China. These two countries should lead the global economy and in doing so strive for a functional unbundling strategy.
In 2022, US-Chinese goods trade reached its highest level in four years. According to statistics, the total value of imports and exports of products amounted to 690.5 billion dollars. At the same time, the structure of relations between the two countries has changed significantly in recent years, on the backdrop of the introduction of numerous sanctions and customs duties against the USA. Chinese. However, even taking into account the sanctioned tariffs, buyers continued to be impressed by the low cost of Chinese products.
The publication noted that goods from China occupy a significant share in the US economy, so the intensification of the conflict with China will play only a negative role for the American side. Despite the political tensions between Washington and Beijing, the business world continues to interact.
February 8 User on the portal “Guancha” WroteThat China has begun to retaliate against the United States for engaging in “anti-Chinese” intrigues, taking indirect measures to increase the U.S. public debt.