China just ran out of US products to tariff, we still have plenty to go. US economy will show 4% GDP for Q2. China’s is shrinking. Our stock market is roughly the same since this started. China’s is down about 25%. We are their BIGGEST CUSTOMER. Who do you THINK is going to win?
Exactly, I’ve made this point elsewhere, but the USA’s consumer market has no equal or substitute anywhere else in the world. If we aren’t buying what you’re selling, you aren’t going to be a global economic player.
That goes for Chinese goods, brie and champagne from France, industrial parts from Germany, etc.
If you want your nation’s economic to flourish, producing something that American’s want to buy is a good way to get there.
There is another aspect of the trade war with China that is not recognized by many. Our robust trade with China has poured tons of money into their country, a portion of which was used to build up their military capabilities (not to mention the theft of our technologies). In other words, we have subsidized the expansion of their military power.
I think Trump wants to put an end to this free ride which is clearly working against our interests as well as our allies security.