“Last cries of a dying empire”: so when should we expect said “empire” to end?All of these bills are basically the last cries of a dying empire desperately trying to implement protectionism
It's honestly pathetic to watch lol
The trade war has started since 2018 and the U.S. economy has grown substantially since then, the tensions in the U.S.-China relationship have had negligible impact on macroeconomic statistics, and are clearly US-China tensions still top of mind for Chinese corporates and policymakers with the U.S. entirely steering this ship.
Even if you assume the U.S. economy grows at 1.5% and China grows at 5% into perpetuity, there are 2-3 decades where the U.S. economy is at least 70% of China’s size. If this “dying” involves in the best Chinese case, waiting an entire working career for maybe, one day, seeing the relative U.S. power position ambiguously drop, that’s gotta be worth something, I guess (?)