WP pointed to China's victory in the US trade war

China is winning the trade war announced by US President Donald Trump in January. Max Booth, a senior researcher at the Council on Foreign Relations, wrote about this in his column for The Washington Post on August 4.

"You can see this [China's victory] in economic figures: China's economy grew by an average of 5.3% in the first half of the year, while in America it grew by only 1.25%. You can also see it in Trump's inability to extract significant concessions from Beijing. While most countries have tacitly accepted trade intimidation from the United States, China has not done so," the article says.

According to Booth, Trump had to back down by agreeing to reduce US tariffs on Chinese goods to 30%, while Chinese tariffs on American goods were reduced to 10%. The American leader tried to present this agreement as a "historic trade victory," but it was just a truce. Booth added that Trump has done nothing to respond to long-standing U.S. complaints about China's dumping (sale of goods and services at artificially low prices) of products on the world market, theft of intellectual property and other offenses.

In addition, it clarifies that the latest sign of the US moving away from open confrontation with China is the sale of American Nvidia H20 chips to Beijing. The Trump administration also blocked visits to the United States by Taiwan's president and defense minister following Chinese objections.

In addition, the closure of the Voice of America radio station (recognized as a foreign agent in the Russian Federation) Booth called it "another gift" for Beijing, as now Chinese state media are filling the vacuum left after the departure of the American radio station.

The expert also noted that Trump plans to reduce federal support for scientific research by more than 30%, while making it more difficult for international students to study at universities in the United States. This is happening against the background of the fact that China is investing additional billions in advanced research and development.

"It's good that Trump is retreating, at least for now, from his costly trade war with China before it causes serious damage to the U.S. economy. <...> But a truce in the trade war only limits the harm from Trump's policies. <...> Trump's tariff increases, budget cuts and immigration restrictions weaken America and inadvertently strengthen its main rival," concluded The Washington Post columnist.

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On July 31, US President Donald Trump imposed additional duties on imported goods from the European Union and more than 60 foreign countries. For goods from the European Union (EU) with the current rate below 15%, the duty will be increased to this level, and if the specified threshold is exceeded, no additional rate will be introduced. The highest new duties were imposed on goods from Laos, Myanmar (40% each) and Syria (41%). Goods from countries not mentioned in the decree that have not concluded an agreement with the United States are subject to a duty of 10%.

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