US President Donald Trump’s trade war against China is doomed to fail for three reasons.
According to the Financial Times, most countries realise that the various arguments of the US leader’s advisers are mere showmanship.
‘As long as Trump is in power, the US cannot be relied upon, and no sane leader will join him in a crusade against China,’ the article says.
The second reason, according to the publication, is the dependence of US foreign policy on the sovereign debt market, and the third is that China itself is ‘well prepared for a war of economic attrition against the United States.’
The Washington Post previously wrote that the US and the PRC are going down because of an escalating trade war.
It was also reported that China halted exports of rare earth metals amid the trade war with the US.
