The ongoing tariff war between the U.S. and China is highly complex and challenging; China has experienced an economic slowdown, while the U.S. is facing very high levels of debt. Therefore, it is important to balance competition and cooperation between the two countries.
The continuation of the current situation could negatively affect global supply chains, given that all countries rely on the U.S. for its financial markets and on China as the world's factory.
The U.S. will remain at the forefront in terms of economy and liquidity. While the dollar may decline at certain times, this decline is likely to stay within a limited range that is hard to surpass.
Several key factors are driving the ongoing tariff war between the U.S. and China, including the economy, technology, geopolitics, and cooperation or competition. President Trump seeks to strengthen the position of the U.S., while China has surprised everyone with its technological advancements and global standing.
China has outpaced other countries, including the U.S., Japan, and Europe, in car production, becoming the largest country in this industry.
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