Read full text: https://voxday.net/2025/04/09/why-china-cant-win-the-trade-war/
The US cannot win a military war against China. By the same token, China cannot win a trade war with the USA under the present circumstances. In addition to the fact that the nation with the trade surplus is the one with the weaker hand in a trade war, there is the situation regarding China being the leading holder of US debt.
And as J. Paul Getty is believed to have said: “If you owe the bank $100 that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.”
