Bald Eagle vs. Giant Panda: The Trade War with China

When President Trump is not busy harassing Iran or Venezuela or throwing a hissy fit over Denmark not wanting to sell Greenland to the United States, he is waging his economic war with the largest country on earth (in terms of population). That makes sense, right? Let us go after one of our largest trade partners. They are currency manipulators after all, right? It is not like the United States devaluates its dollar or artificially manipulates its economic situation through the Federal Reserve. No, of course we would never do that. Ultimately, those pesky Chinese need to learn the lesson that only the United States is allowed to dominate the global market and the world as a whole. If American citizens suffer along the way, it is just collateral damage.

Tariffs increase the price that Americans pay for certain goods, as businesses must choose to eat the tax (something not likely to occur), move the cost onto the consumer, or import goods from other countries. It is estimated that goods such as electronics, toys, food, and apparel will be hit hard by the tariffs. As a result, President Trump has oddly admitted this (while claiming otherwise) by extending the ten percent tariffs on $300 billion of imports until after the holiday shopping season. In addition, a possible upcoming economic recession could be exasperated by these policies, and some predict that many stores could face layoffs and closures just from the tariffs alone.

American farmers are also taking a hit from the trade war with China. Agricultural exports to China have decreased over $10 billion from 2017 to 2018, and the downward trend has continued into 2019. As a result of the decrease in farmers’ income and instead of allowing the markets to work in a less restrictive manner, the president responded by having the American taxpayers bail out farmers with a $16 billion stimulus package. This socialist-style manipulation of the economy is detrimental to both farmers and consumers, but hey, as long as we stick it to China, it is all good in the end, right?

Obviously, relations between China and the United States have deteriorated, and with a possible crackdown by Beijing on Hong Kong, a trade deal may be further delayed or cancelled. Attempting to coerce China into bending to the will of the United States government was President Trump’s goal from the beginning. Reports have shown that China’s economy is struggling due to the trade war as intended.

In addition to this, the president issued these tariffs on his own without congressional approval. Congress just sits back and continues to cede more power to a position that becomes more authoritarian and monarchical every day, and then it wants to pretend that it is powerless to stop this madness. Have we lost touch with our democratic form of government and the idea of leading the world by example and resisting the urge to become an empire? The United States no longer follows these principles. Whether the United States government’s economic tactic against a country includes sanctions and embargoes, utilizing the IMF and World Bank, or a trade war, economic and military domination is a key factor of the American Empire.

In the upcoming months, Americans will continue to suffer from President Trump’s tax increases through tariffs and his war waged against a giant in the East for economic superiority. Instead of cage fighting a bald eagle against a giant panda, let us work together for peace and prosperity for the sake of the people in both countries.

Thank you for reading, and if you would like to find out more about my work, please check out my book, The Global Bully, or my website.
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Published on August 21, 2019 03:50
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