Front Burner

When China and the U.S. fight, who wins?

33 snips
Apr 16, 2025
David Rennie, a columnist for The Economist and former Beijing correspondent, offers a deep dive into the fraught China-U.S. relationship. He reveals how Chinese officials see Trump as a revolutionary figure while asserting that tariffs will backfire on Americans. Rennie discusses China's confidence in facing U.S. trade actions, their push for de-dollarization, and the significance of the ongoing trade war as a moment of opportunity for China. He also draws intriguing parallels between Trump and Mao, highlighting cultural misconceptions shaping perceptions on both sides.
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INSIGHT

US-China Trade War

  • The US-China trade relationship is complex and uncertain.
  • China's retaliation to US tariffs includes targeted sanctions causing pain for the US.
INSIGHT

China's Manufacturing Rise

  • China's rise as a manufacturing powerhouse was a gradual process spanning decades.
  • It involved attracting foreign investment and prioritizing economic growth.
ANECDOTE

Economic Leverage

  • America buys more from China than vice-versa, giving them leverage.
  • However, China can source goods elsewhere, potentially giving them more leverage than assumed.
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