Money Matters E06 | Global standoff, The US against China (1/3)
The original bone of contention was China’s large trade surplus with the US, which the US blames on unfair measures such as an undervalued Renminbi and hidden subsidies to its exporters.
What started as a trade spat between the US and China has escalated to near economic war, with tariffs, import bans and sanctions. China is being targeted by the US as a country stealing markets and technological secrets in a race for economic superiority, and as a country acting in ways that threaten the national security of the US. The Trump administration has since January 2018 adopted a set of measures aimed at limiting imports from China to the US, ostensibly to benefit US manufacturing.
We discuss this issue in this episode of Money Matters with expert inputs from professor Ranajoy Bhattacharyya of IIFT Kolkata and professor Yunhua Liu of Renmin University of China.