President Donald Trump has made a huge wager that the US can attack China, the second-biggest economy in the world, in a way that has never been seen before and come out stronger as a result. Trump has been on an incredible winning streak in recent months, but it’s still uncertain if the gamble will pay out in the long run. The US economy recovered in the second quarter, the stock market is close to record highs, and inflation has not increased as expected since Trump implemented his tariffs.
However, Chinese leader Xi Jinping is also enjoying success. Trump released previously blockaded mid-tier semiconductors on Monday, opening the way to exporting China quicker AI processors. China has also discovered new markets to sell to, saturating the global market with its products in spite of the tariffs imposed by the United States.
Xi has several advantages, including the fact that China is still the world’s largest exporter and has considerable global influence. Additionally, to the dismay of the United States, Beijing has been slow-rolling the delivery of the world’s vital rare-earth minerals, which are needed to manufacture defense equipment and electronics that are essential to America’s national security.
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