The article discusses the economic threats posed by President Trump’s tariff policies and President Xi Jinping's strategic approach that distorts global trade. Trump's tariffs create unpredictability in international commerce, complicating planning for businesses and trade partners. However, Xi Jinping's policies may represent a bigger threat, as China’s import growth stagnates, while its manufacturing exports surge. This one-sided trade relationship harms exporters globally, such as Germany, as they struggle to compete. Ultimately, Xi aims to address domestic economic issues by leveraging China's manufacturing dominance to adjust global trade balances.
President Trump's use of coercive tariffs threatens the postwar economic order, introducing unpredictability in global trade and complicating business planning.
China's trade interaction has fundamentally changed under Xi Jinping, with manufactured exports growing over $150 billion a year while imports stagnate.
The trade dynamic with China has become a one-way street, significantly harming export sectors in countries like Germany and limiting their hiring prospects.
Xi Jinping's trade strategy seeks to compensate for domestic economic mismanagement, radically distorting global trade patterns in favor of China's manufacturing exports.
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