catcha
Full Member
Because China doesn't want this trade war, if Trump climbs down, it's a win for them but they know there's no real benefit in rubbing Trump's face in it
China doesnt want this trade war, but the same time China cannot give Trump and Americans any possibility to claim that they were successful as it will erode party's image.
The trade war could be limited, I think, the tariffs reduced significantly, but there will be zero chance to return to business as usual for US. China will not do it, they know now that they are the ones who give the conditions, not the US. They will now continue to secure their gains from Trump's shitshow.
Same would apply to the EU. When the trade will come back, the new reality after what Trump did will accelerate cooperation with India, work to be independent from US technology and most likely will result in a different approach towards China altogether.
Time will tell, but the history and Chinese approach from the past are known. The best thing Trump did was the wake up call for Europe.


