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In recent weeks, the tensions between the United States and China have intensified, largely fueled by Donald Trump’s tariffs, referred to by some as “liberation day” tariffs. This escalation has sparked a wave of nationalist sentiment across China, as evidenced by the Chinese foreign ministry’s sharing of historical video footage featuring the iconic leader Mao Zedong.
“As to how long this war will last, we are not the ones to decide … We’ll fight until we completely triumph!”
Reporting from Beijing, Amy Hawkins, a correspondent for the Guardian, shared insights with Helen Pidd, outlining the complex political landscape. While there appears to be minimal support for a conciliatory approach politically, the economic reality paints a different picture. The Chinese economy, once a robust force, has shown signs of strain, particularly in the aftermath of the pandemic, which has fostered a cautious outlook that contrasts with its previously dynamic growth.
Hawkins further elaborated on the measures being taken by the Chinese government to diversify its trade relationships, a strategy that gained momentum during Trump’s presidency. There is also a concerted effort to enhance domestic consumption of Chinese-produced goods. However, the potential for a global recession resulting from the ongoing trade conflict looms large, raising concerns among many in China, particularly those operating within Yiwu, the world’s largest wholesale market.
The conversation also highlighted the significance of trade in shaping US-China relations over the decades. Without the stabilizing force of trade, the risk of broader conflict escalates considerably, emphasizing the delicate balance both nations must navigate moving forward.
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www.theguardian.com