This chapter analyzes the US-China trade war and its impact on the economies of both countries, highlighting China's slowing GDP growth and its industrial powerhouses causing anxiety for legacy industrial powerhouses in the US and Europe. It discusses the potential impacts of a Trump victory in the 2024 election, the difference in tariff strategies between Trump and Biden administrations, and the use of export controls on advanced semiconductor technology.
China’s economy has been in rough shape, and the government is trying to address it. But there’s another threat on the horizon: the US election.
During their presidencies, both Joe Biden and Donald Trump backed policies that drove the US and China further apart. Now, they're both campaigning for re-election on continuing on that trajectory.
In this episode, Joe Weisenthal and Tracy Alloway from the Odd Lots podcast speak with Tom Orlik, chief economist at Bloomberg Economics, and Mackenzie Hawkins, US industrial policy reporter for Bloomberg News. They’ve measured what a Trump or Biden victory in 2024 could mean for China’s economy, and beyond. Subscribe to Odd Lots to get all of their episodes.
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