Lecture Notes: Trump's Trade War

Introduction

• Trade tensions between the U.S. and China are escalating.
• President Trump plans to increase tariffs on Chinese goods.
• The situation is described as a "techonomic war."
• Both countries are involved in a great power struggle.

Mar-a-Lago Meeting

• In April 2017, President Trump met with President Xi Jinping of China at Mar-a-Lago.
• The meeting aimed to build a personal relationship between the two leaders.
• Initial optimism and hope for problem resolution.

Escalation of Tariffs

• Within a year of the meeting, Trump imposed billions in tariffs on Chinese goods.
• The tariffs were a focal point of intense internal debates in the White House.

Impact on American Industry

• Tariffs aimed to help American workers and industries, particularly steel.
• Some communities welcomed the tariffs, while others faced increased costs.
• Ohio's steel industry felt initial benefits, but other sectors struggled with rising costs.

China's Economic Strategy

• China's long-term economic plans create challenges for the U.S.
• The "China Model" emphasizes state control and economic dominance.
• Made in China 2025 aims to boost high-tech industries.

American Business and Technology

• U.S. companies complain about forced tech transfer and unfair advantages.
• Despite complaints, businesses are cautious about opposing China publicly.
• Silicon Valley is caught in the high-tech race with China.

Political and Economic Tensions

• Trump's administration accused China of cyber theft and aggressive economic practices.
• The U.S. and China are vying for dominance in future technologies.
• Concerns about a "new Cold War" or prolonged economic rivalry.

Conclusion

• The trade war is part of a broader struggle for global leadership in technology and economy.
• Potential for long-term confrontation and its implications for both countries.

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• For further exploration, visit PBS Frontline's website for documentaries and additional resources on the topic.