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The U.S.-China Trade War And Global Economic Dominance

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U.S. President Donald Trump speaks to reporters after a phone conversation with Mexico’s President Enrique Pena Nieto on trade in the Oval Office of the White House in Washington, DC on August 27, 2018. President Trump said Monday the U.S. had reached a “really good deal” with Mexico and talks with Canada would begin shortly on a new regional free trade pact. (Photo: Mandel Ngan/AFP/Getty Images)

Why is U.S. President Donald Trump willing to negotiate and compromise with Mexico and the EU on trade, and not China? The answer, in short, is that Trump’s dispute with China is more than just America’s trade deficit. It is a head-to-head struggle between an incumbent superpower and a rising challenger, fueled by a deep conviction among the White House’s economic policy team that America’s problem with China is not just the trade deficit, but China’s very economic structure itself, which disadvantages foreigners not only in trade, but also in investing and operating in China, and distorting business competition in favor of Chinese companies.

In Trump’s crosshairs is the Made in China 2025 initiative, announced in 2015 aiming to upgrade comprehensively within a decade China’s industrial production, especially in manufacturing, to be among the best in the world. It is therefore being seen increasingly in the U.S. as a direct challenge to its global economic dominance. In fact, the Council on Foreign Relations, a U.S. policy think tank, stated in 2018 that “[Made in China 2025] is a real existential threat to U.S. technological leadership.”

China is indeed snapping at the heels of the U.S. in closing the technology gap. According to the UNIDO Competitive Industrial Performance Database, the share of exports that can be considered medium/high tech in 2016 is 63% for the U.S. and 58% for China. This is getting uncomfortably close for the U.S. China clearly has come a long way from the days of exporting low-tech, labor-intensive exports like garments and shoes.

Consequently, Trump’s trade war with China is really about blocking, or at least slowing down, China’s technology upgrade and its expanding global economic influence. Chinese investment in the tech sector in the U.S. has come under tougher scrutiny, and American government agencies are put on high alert against Chinese efforts in industrial espionage. The clause of protecting national security in the U.S. Trade Act of 1974 is increasingly invoked to impose new tariffs on Chinese imports and to curtail China’s business mergers and acquisitions in the U.S.

However, the tactics with which the Trump trade war is being fought to block China’s technological advances will fail. Trump and his economic advisers are stuck in the old paradigm of industrial production where trade and industry secrets are recorded in design blue prints, instructions and protocols that are locked up in a safe. In today’s modern economic production, the more complicated and high value-added the task, the more important is tacit knowledge, or knowhow, which resides only in people’s brains, especially in knowledge and capital intensive industries like banking and finance, biotechnology, aerospace, nanotechnology and artificial intelligence.

Knowhow is everything that we need to know but find hard to explain. Skiing is a knowhow. We learn how to ski by skiing with good skiers, not by studying the physics of skiing. The only way to acquire knowhow is to have the opportunity of working alongside people who already have such knowhow. In this connection, as Trump’s trade war makes it increasingly difficult for American businesses to export to China, they will need to move more of their operations to China to produce locally in order to sell their goods and services in one of the fastest growing consumer markets in the world. And that means more American brains with high grade technical and management knowhow will be spending more time in China, offering more opportunities for their Chinese colleagues and employees to work alongside them to acquire their knowhow.

In 2017, the value of products that American companies made and sold in China was estimated at $250 billion, about double that of U.S. exports to China, according to the IMF Direction of Trade Statistics  This is a consumer market that is growing at 14% a year, about four times faster than the U.S. In the next few years, it is set to bypass the U.S. to become the world’s largest consumer market. This is not a market that global companies can ignore. If the only way to sell more in this market is to move more production there because of Trump’s trade war, that’s what global companies will do. And that in turn means creating a great deal more opportunities for China to acquire valuable American knowhow that is critical to upgrading China’s technology, helping Made in China 2025 to succeed.

The only way for President Trump to stop China from acquiring American technological knowhow is to bar all Americans traveling to and working in China. This is not going to happen. His trade war is making it more necessary for more American brains with the knowhow that China needs to spend time in China. We are conditioned to think only that leadership is critical for countries to rise and succeed. The fact of the matter is that leadership is equally important for countries to fail and decline. President Trump will be seen in history as a pivotal leader that seriously undermined America in its struggle against China for global economic dominance.

Hi. I am Muhammad Mubeen Hassan. I am SEO Expat and Wordpress Websites Developer &  Blogger. 27 years old. I help entrepreneurs become go-to in their industry. And, I like helping the next one in line. You can follow my journey on my blog,  Odyssey OnlineAll Note AbleB2B Guru PlanCross ArticleDj Soft WorldFinance PressHufforbesLife Health Press BusinessStrong ArticleThe Top StoriesUS Update ZoneBusiness TodayScience NewsEssay Writing AcademicElite Guide Health If you need any post so you can email me on my this Email: mubeenh782@gmail.com  

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Health

7 Tips To Smile With Confidence Wearing Dentures

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Dentures are a fantastic means of restoring your smile and safely investing in your lifestyle for a long time to come. Whether you’re using partial or full dentures, they’re going to enable you to eat, chat and drink as you want and need to over the course of the day. Although they might be a bit an adjustment, dentures are going to give you a new lease on life. Now, even though they give you an awful lot, dentures do tend to require a little love and care in return. Here are seven tips to keep you smiling with confidence once you incorporate dentures into your lifestyle…

Give Them a Rest

Your dentures need to be given a rest from time to time, no matter what type it is that you’re using. It’s actually recommended that they be taken out for around four hours day and also during sleep. In order for your dentures to help you as you need them to, you should make sure that you’re caring for them. Taking them out when reading, napping or watching a good movie will help to make the time you have without them pass a little sooner.

Clean your Whole Mouth

This is a vital dental care tip whether you have dentures or not! Many people think that they only have to pay attention to their teeth, or dentures, when brushing and flossing, but that’s not the case. It’s important that you clean your mouth, cheeks and tongue whilst brushing to ensure that all food and plaque build up is sufficiently removed. This may not seem too natural at first, but once you get yourself into the habit of it, you’ll be regularly doing it in absolutely no time.

Use the Right Tool

It’s imperative that you take precaution when cleaning your dentures, and this includes being mindful about the tools that you use. A soft or ultra-soft bristle toothbrush to gentle buff away debris both from your gums and your dentures. Plaque build up can be damaging to your whole mouth and your general wellbeing, so it’s very important that you’re consistently cleaning it away. Heading to your dentist regularly will help you to continue to take care of your dentures as best you can.

Pay Attention to Your Adhesives

Your adhesive has to be compatible with your mouth, dentures and tools that you use for cleaning your mouth. Be sure to only use products that your dentist has advised you to use, and only those. It’s easy to forget or pick up something else because it’s a lower price, but this can be detrimental long term and is best avoided.

Don’t Let Them Dry Out

Dry dentures can result in warping, so it’s important that you store them in water or a solvent liquid when they’re out of your mouth or at night.

Be Careful

Make sure you handle your dentures with the utmost care, otherwise, you risk breaking or damaging them. This means taking time not to drop or mishandle them when you’re taking them out and always being mindful of what you’re eating. Biting down on anything too hard or brittle could result in a fracture or breakage.

Visit your Dentist Regularly

Lastly, always be sure to head to your dentist for regular check-ups and cleans, as well as for consultations concerning your dentures!

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