This episode explores the complexities of the US-China economic relationship, particularly focusing on the impact of Donald Trump's tariff policies. Against the backdrop of Trump's unpredictable tariff announcements, the hosts discuss the unusual process of setting these tariffs, contrasting it with more traditional, expert-driven approaches. More significantly, the conversation delves into the contrasting economic strategies of the US and China, highlighting China's massive investment in state-supported technological development compared to the US's more inconsistent approach. As the discussion pivoted to China's economic recovery, the hosts analyze the factors contributing to this resurgence, including a stabilization in the real estate market and a shift towards domestic manufacturing. However, concerns remain about potential deflationary pressures in the Chinese economy. Finally, the hosts examine the broader geopolitical implications of US trade policies in Asia, noting the potential for increased cooperation among China, South Korea, and Japan as a response to US tariffs and the lack of a coherent US economic strategy for the region. This analysis reveals the intricate interplay between economic policy, geopolitical strategy, and the unpredictable nature of leadership in shaping international relations.
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The U.S.-China Economic Relationship | Ones and Tooze | Podwise
