Part 11/14:

Economists warn that this combination will likely place immense pressure on developed economies to protect and rebuild their industries, which could cause further job losses and economic dislocation if not managed carefully.

Political Implications and Trade Tensions

U.S. and Europe: Rising Frictions

In the United States, the Trump administration elevated anti-China rhetoric, threatening tariffs and trade barriers to curb Chinese exports, especially in automobiles. President Biden continues this stance, emphasizing domestic manufacturing and supply chain resilience through initiatives like the Inflation Reduction Act, which channels hundreds of billions into clean energy industries.