The US-China relationship is at its lowest
level since the two countries established
a diplomatic relationship with each other.
We’re on the verge of a very substantial trade
war with each other.
One way to think about trade war is an escalation
of imposing tariffs on goods.
A trade war is going to affect America
and Americans in some very tangible ways.
The most immediate effect is when we go shopping,
we’re going to see a rise in prices in day-to-day products.
If you buy a shirt, if you buy a pair of shoes,
socks, a lot of those things are produced in China.
If those companies leave or they don’t increase
I believe that the two countries have a lot
of overlapping economic interest.
The problem is that there are differences
in terms of how they structure their relationship.
I would use this, a crisis in the relationship
between China and the United States,
as an opportunity to launch further reforms.
I think the burden of adjustment is on the
because the U.S. has escalated the amount from China to such a high level.
I believe that those instructional factors
can be worked out with
better and more enlightened leadership from both sides.
If the US doesn’t make that move, then the
are going to end up in a very bad trade war.