[E]ven the announced part of the agreement might mean the beginning of the World Trade Organization’s end and create major threats to international trade.
China can withstand impact of US sanctions and develop its own technologies
Everyone ends up poorer, but the United States remains top dog because everyone else grows poorer faster than the United States. Beggar thy neighbor. Literally. But being frank will not sit well with Canadians; painting Mr. Trump as a crazy buffoon is more politically expedient.
These skirmishes could just be the harbingers of a huge economic war in which the U.S. and China wrestle for technological leadership of the 21st century.
While China has no intention of fighting America, we cannot escape America bringing a trade war to us. So we need to wake up from a false sense of security and be prepared to retaliate.
In comparison to Europe, the American welfare state is not generous enough.