China's Economy and US Election: A Threat on the Horizon

The US-China relationship is increasingly strained, with both Joe Biden and Donald Trump backing policies that drive the two countries further apart. The US government's tough stance on China has led to tariffs and export controls on Chinese goods and technology, which have had a negative impact on China's economy. The US election, particularly a potential Trump victory in 2024, poses another threat to China's economy and the global economy. With both countries imposing tariffs and increasing tensions, American consumers may experience higher prices for everyday goods, while other economies could suffer as well. The alignment between China and Russia adds a new dimension, with the possibility of the emergence of East-West trade blocks. Overall, the current consensus in Washington is that some form of trade restrictions on China are necessary, and the debate is now focused on the extent and effectiveness of those restrictions.