Despite all of the rhetoric we are hearing from the Trump administration, is the trade war actually helping China promote its own agenda and economic development? President Trump’s playbook appears to be one that views China through the lens of the 2000s. Ten years ago, tariffs would have had a major effect on China’s economy. However, China has evolved since then to be more of a domestic-driven economy. Furthermore, President Trump’s actions have been accelerating China’s technological goals while quickly aligning China’s private sector with its industrial policies.
Is this trade war productive or counterproductive for America?