Introduction: Trump's Trade War (03:19)
President Donald Trump met with President Xi Jinping for the first time in April 2017. The meeting created high expectations for future relationships, but within a year, the United States administration imposed tariffs on China.
Level Playing Field (02:01)
Laura Sullivan visits Ohio to discuss the impact of the Trade War on the American economy. Steelworkers welcome the tariffs, believing that it will create jobs and improve local industries. They do not want a bailout, they want China to play by the rules.
Uneven Consequences (02:01)
Industrial Tube and Steel, distributors find that tariffs raise prices on American goods, and the costs is passed onto customers; they fear market crash. Shepherd Chemical exports and imports materials from China; they now lose several million annually.
Binary World View (03:18)
Trump has supported tariff strategies since the 1980s, when he targeted Japan as an enemy. His understanding of foreign influence on American economy is directly gleaned from Lou Dobbs.
Internal Rift (04:27)
Gary Cohn oversees economic policy; he describes job challenges. Weekly trade meetings highlight disagreements between advisors. Nationalists assert that tariffs work, increasing domestic manufacturing; Globalists argue that markets evolve and economies can be complementary.
Upending Policies (04:03)
After Trump’s first official visit to China in November 2017, he and Jinping appeared cooperative; negotiators planned to purchase billions in American goods. A National Security Emergency was soon called, targeting Chinese dominated markets. United States’ allies were impacted by the tariffs and Cohn resigned.
Largest World Market (03:19)
China responds to Trump's tariffs by placing equal taxes on American goods. Trump retaliates by adding $200 billion in tariffs. Sullivan visits Shanghai, finding minimal impact to their economy. Vice Minister of Commerce Wang Shouwen does not want a trade war.
China Model (05:11)
Chinese government subsidizes businesses for critical industries, transforming their economy and manufacturing capabilities; American companies complain this gives them unfair advantages. Da Wei attributes some financial growth to population, asserting that 1,300,000,000 people should generate more wealth than 300,000,000.
Global Financial Crisis (07:25)
Sullivan investigates claims against China, finding the Forced Tech Transfer Regime problematic. By 2008, the country evolved a competitive economy, while the United States banking systems crashed.
Cyber Espionage (03:21)
In 2010, Google announces it was hacked by China, spurring an investigation. Targeted companies complain, but request the United States not harm business relationships. Jinping pledges to halt activities; Obama brokers the Trans Pacific Partnership, intending to pressure them into fixing problems.
Mike Pence Speech (02:06)
Trump withdraws from the Trans Pacific Partnership, claiming that China engaged in technology theft. Pence announces their intent to control the world's most advanced industries. The Chinese government views his statements as a bill of indictment.
Techonomic War (05:33)
The trade conflict evolves from focusing on tariffs and dying industries to technology control. Banker Ken Wilcox recalls Chinese investors calling to invest billion in artificial intelligence, semiconductors, and automotive industries. China will and advance America should concentrate on improving itself, not suppressing foreign progression.
New Cold War (04:43)
The Ohio workers protest ceases productions at a General Motors factory. James McGregor asserts America must fix itself to stay competitive. Steve Bannon implies that a regime change is necessary to win a battle triggered by conflicting political philosophies.
Credits: Trump's Trade War (01:02)
Credits: Trump's Trade War
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