📈🥊 On MSNBC, Nobel laureate economist Paul Krugman dropped a bombshell: the U.S. has effectively lost the trade war with China. He argues that what began as a bold strategy of tariffs has cost America its global reputation and technological edge.
Krugman breaks it down:
- China’s pivot power: China can shift to other markets, while the U.S. faces barriers like an underdeveloped rare earths industry.
- Allies on edge: Tariffs on Canada over minor issues damaged trust among partners.
- Tech slowdown: Losing steady access to key materials hampers U.S. innovation.
Think of it like a TikTok dance — miss a beat and the whole routine falls apart. 💃🕺
He also slammed the lack of clear objectives, saying that political theater — from tweets to tariff showdowns — overshadowed smart strategy. For young readers across Latin America, the lesson is clear: real influence comes from solid alliances and thoughtful planning, not quick fixes.
As global markets react, Krugman’s warning stands: the U.S. needs a fresh playbook if it wants to reclaim its edge on the world stage. 🌎🚀
Reference(s):
Nobel laureate: U.S. losing trade war, global credibility at risk
cgtn.com
