If you want to know the endgame in this China trade war, it is probably this: redirect supply chains to favor American manufacturers; pressure the Communist Party to open its mega domestic market to Americans with no strings (already happening pre-tariffs); and challenge Chinese dominance in Asia, a dominance many in Washington feel was ill-gotten, partly on the backs of intellectual property theft.China is an export-driven economy. It owes its wealth to that. The Trump Administration is going after China’s jugular. And China is feeling it. Read more here.
Trade War Update: U.S. Goes For China’s Jugular