Staff Writers
Recently, President Trump has been under fire for his new tariff comments and policies. Trump is no stranger to controversy, opposition, and being thrown into the fire, and continues to stand firmly behind his policies on tariffs.
Although initially approached with much opposition, China has responded just as Trump, and those who sided with him, hoped. China has agreed to cut import tariffs on about 1,600 products as of the turn of November. On America’s end, Trump is aiming to stop China from controlling the U.S. economy. China, on the other hand, is thinking more politically than economically as they seem to be biting at Trump’s bait. They are working on overall domination rather than just doing so from an economic standpoint. Lowering these tariffs can help the Chinese in other facets, such as real estate. This may lead the housing bubble to pop in China, which would make homes more affordable for generations to come, starting with young, developing families. Additionally, these actions serve to provide China with motivation to progress in terms of research, technology, and more. The competition from foreign companies may just in fact drive China to do better themselves, thus becoming more productive domestically. These resulting changes may just serve to boost China’s economy and make them more progressive for the long haul.
This scenario has seemed to follow Trump’s ideal path, as China forces American companies into doing business in China to transfer technology and intellectual property, threatening the U.S. economy. However, China has shown that this may be helping them just as much, if not more so.
