The ongoing trade war between the United States and China is not just a series of revenue implementation and retaliation; It reflects a wider and deep struggle between the two world powers, with economic supremacy, future technical superiority, and international influence.
The conflict, which has been going on for many years, has not only adversely affected the bilateral trade relations of these two major countries, but has also shook the infrastructure of the global supply chains, international financial markets, and multilateral trade systems. Its effects are far -reaching and multi -faceted, leaving their impression on every aspect of the global economy.
An important and exciting aspect of this trade confrontation is the growing examination of global luxury brands. Recent revelations have highlighted the complex methods under which many well -known and expensive luxury brands manufacture most of their products in China, where production costs are relatively low, and then sell them at significantly higher prices in western markets.
This situation has exposed a clear contradiction between the heavy prices received by these brands and their original production cost. This has not only raised serious questions about the value of these brands and their alleged reality among the consumers, but also highlights transparency, authenticity, and the wider issues of consumer rights in global trade.
Another important result of the trade war is the pressure on the international value of the US dollar. After a long series of revenue enforcement and retaliation, many countries are now seriously considering reducing their traditional dependence on the US dollar. For this purpose, they are trying to promote bilateral trade in their local currencies and find alternative dollar international payment systems. This trend indicates a fundamental change in the global financial system, where decades of US dollar dominance can potentially decrease and the role of regional or other alternative currencies can gradually increase. This change is likely to have a far -reaching and profound impact on global trade, international investment flow, and financial policies of different countries.
In addition, this trade war also highlights a clear difference between the industrial era and the current information period. The United States has turned its economy into a structure that is primarily based on information creation, data analysis, and various services. In this new economic context, emphasizing the manufacturing sector to give its past importance can be seen as an old and perhaps ineffective strategy.
Many economists argue that it would be extremely difficult for the United States to return to its historical status as a dominant manufacturing force, especially in view of the relatively low unemployment rate and relatively high cost of domestic production in the country. On the contrary, China has significantly strengthened its manufacturing capabilities over the past few decades and has now gained a prominent place in the field of modern technologies.
One of the major strategic edge of China gains is its strong control over the vast reserves of rare ground minerals. These special minerals are essential to many modern industries, including the manufacture of modern electronics, the development of renewable energy sources, and the manufacture of modern defense technologies. In the event of a trade war, China can use these rare ground minerals as a powerful economic weapon, which can adversely affect the development and competitive capacity of the United States and other industrial countries in these important industries.
Overall, the ongoing trade war between the United States and China indicates an important turning point that will undoubtedly give the global economic system a new and different shape. The gradual decline in global dependence on the US dollar, the fundamental changes in the global supply chains, and the growing competition for technical supremacy are some important and clear trends that are emerging as a result of this ongoing conflict. It is quite possible that we are moving towards a new global economic system, in which new power centers are emerging, and the current rules of international trade and finance are being redefined.
This complicated situation offers a collective challenge for the global community to fully understand these important changes and take mutually and wise steps to ensure a more stable, fair, and prosperous global economy. The ongoing trade war between the United States and China is a very complex and multi -faceted problem, and its global economic system is likely to have a far -reaching and profound impact.
Note: Express News and its policy do not have to agree with this blogger’s views.
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