Why The US May Prevail In Its Trade War With China

Why The US May Prevail In Its Trade War With China

The Chinese government may soon be faced with the option of either either maintaining the Communist Party's policies or acting in the interest of regular Chinese workers

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This summer, I wrote an article for the The Odyssey Online outlining why President Donald Trump should cease the United States's trade war with China immediately because of the harm that it would do to the US economy. However, given recent developments in the Chinese economy, as well as the testimony of well-known Chinese economists, the exact opposite may be the case. Perhaps it is China who should be making concessions to defuse this trade war because it imperils the developing country's economic growth.

In September, the British multinational Barclays investment bank released a statement saying that they believe that if the trade war continues to worsen to the point where everything exchanged commercially between the US and China gets slapped with tariffs from the two countries, the value of the merchandise traded will be decreased by approximately $156.5 billion. This is particularly bad news for China, where recent data shows that exports amount to nearly 20% of China's GDP as opposed to just under 12% for the US. In fact, Michael Gapen, an economist for Barclays, believes that losses to China could amount to "1.0% of GDP," with Chinese domestic consumers being particularly worse off, since they would have to pay higher prices on imports from the US.

The Chinese government's responses to the trade war clearly show its growing desperation at the prospect of slowing economic growth. Faced with trade war-related issues, including 2018 Shanghai stock values falling by 22.3% and a weakening in China's "export growth," the government is taking desperate action to stimulate the economy; Chinese leader Xi Jinping's administration is frantically announcing tax cuts, bank deregulations (the Chinese central bank has "slashed" bank reserve requirements "for the fourth time this year"), and plans for more expenditures on infrastructure. These actions clearly show that the Chinese government is concerned about its future economic prospects. What could a solution to China's worries be? According to economist Sheng Hong, director of Beijing's Unirule Institute of Economics, the Chinese government should give up trying to directly control the economy and run it into a crash course with the US's demands for freer trade relations. Mr. Sheng argues that Xi Jinping's tendency to "stand his ground" on international conflicts is becoming "costly" for China and that China should comply with the US government's demands and eliminate the "unfair competition" in trade from China's state-run industries. This will benefit the people of China, as a sizable portion of China's population is employed in the China's private (not state-run) sector and they would benefit from the increased productivity that would come with less state-run competition. However, Xi has shown little sign of backing down from his domestic policies and only time will tell whether or not this reticence will hurt the Chinese economy even more than what is already expected.

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A Letter To My Best Friend On Valentine's Day

Because you are my ultimate Valentine.
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To my beautiful best friend,

Warning: This letter is about to get extremely cheesy. I am talking four cheese lasagna cheesy. But no one deserves a love letter like this more than you do.

This Valentine’s Day, I want to express my love for you. On this wondrous occasion with which most people express their love to their significant other, I want to tell you, my best friend, how much I cherish our friendship.

SEE ALSO: A Valentine's Day Love Letter To My Girl Best Friends

You are the ultimate love of my life. Boys have come and gone but you remain a constant; for that I am grateful. You have been there for me when my family could not be; for that I am grateful. You have been my backbone, my rock, and all those other clichés people use to describe the people they care about, and yet you have been so much more than that as well; for that I am grateful.

All my love this Valentine’s Day goes out to you, my friend, because you do not receive it enough. You have picked me up out of the dirt, brushed me off, and kissed my wounds more times than I can count, and I will never be able to thank you enough for that, but I am sure am going to try.

Thank you for the midnight cries. Thank you for the midnight laughs. Thank you for ordering way too much food with me and still just eating it all. Thank you for the advice, both solicited and unsolicited. Thank you for telling me what I need to hear, even when it isn’t what I want to hear. Thank you for the silly pictures. Thank you for the stupid inside jokes. Thank you for making bad decisions with me. Thank you for laughing with me and laughing at me. Thank you for the endless memories.

SEE ALSO: An Open Letter to the Best Friend I've Ever Had

More than anything, I want you to know that I love you. I love you. You are the family I get to choose, the one I go to when I have nowhere else to turn. You are the one I know I can always run to, whether we saw each other yesterday or haven’t seen each other in a year. You have played a part in molding who I am as a person, and I am so grateful for having such an amazing person affecting my life in such a positive way.

With all the love in my heart,

Your friend
Cover Image Credit: https://www.facebook.com/natalie.pederson.5/photos

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Blood Doesn't Determine Family

Blended families are just as much of a family as a traditional one.

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If you look above, you can see that have a very large family on my mother's side. Between my grandparents, aunts and uncle, cousins and my own immediate family, we're at thirty-three members and counting. All branches of our family tree have busy lives, so we don't get to see each other as much as often as we would hope to. Christmas is the one time a year where we all finally get together for the evening. If you sat in on our holiday party, you may think that we have a couple screws loose, but there is no doubt that you would be able to feel the love radiating from room to room.

If you look at the picture I chose for my header, you can see all of the cousins gathered for our yearly picture. Dysfunctional, of course, but you can tell that love is there. Would it surprise you that out of our entire huge family, less than half of us are blood-related?

I come from a blended family, and I wouldn't have it any other way. Blood does not determine family to us. Love does.

Divorce can be a messy thing, especially when children are involved. Both my aunt and uncle had remarried into relationships that already had children. For the most part, none of us can really ever remember a time when we weren't considered family. We don't ever look at each other as not being related. We never will. Family to us is the love and support that is shared unconditionally between us.

As I said, you would never be able to tell we weren't blood-related unless I told you. Not only do we all look similar to one another (which again is odd, because if the marriages had never taken place, we would just have a ton of doppelgangers running around), but the love and passion that we radiate is unmistakable that we have a bond that will never be broken, let alone determined by biology.

Blended families tend to get a bad rap sometimes from some of the horror stories that can come from second marriages. Not only that, but some people still are stuck in the idea that the only socially acceptable type of family is one where the lineage is clear and concise. Although I can see where these people come from, I don't believe that because there is a lack of shared genetics between all of us, our love is any less strong.

Family is those who will answer a call or text late at night because you need someone to talk to. They're the ones that you end up staying at their house and talking for hours when you meant to make a quick trip in. They are there for you no matter the situation and always believe in you one hundred percent.

Traditional families have a lot of love too, undoubtedly. But please, do not tell me that my family is any less of a family of a family because of its makeup. We have just as much love between us as families with the same bloodline. Blood does not determine the amount of love and affection between all of us. It never will. We will love each other as much as a traditional family. We never look at each other as a mixed family, so please stop treating us as such.

I've said it so many times, but I'll remind you once more. Blood does not determine family, love does-- and I love my family more than life itself.

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