The new president of the United States could be starting a real cold war with China, and Americans have little chance of winning, the Time writes. At the same time, Trump has not yet abandoned the idea to accuse China of being a currency manipulator. Washington has already sounded accusations against Beijing of the undervaluation of the yuan, but there is no official documents on this topic, because then they need to enter response actions.
"China is not interested in the US introducing sanctions, restrictions, which have been promised by Trump," the head of the Russian-Chinese scientific financial and economic center at the Finance Academy under the government of Russia, Nikolay Kotlyarov, said. "In Davos, Trump's assistant spoke very detailed about the relations with China. He said that they did not want to spoil relations with China, that they had respect for this country, but today the US is not satisfied with the world order that emerged after the Second World War, because the cost of its maintaining exceeds the advantages."
The main differences between Beijing and Washington refer to Taiwan's status, a tax on Chinese goods and the South China Sea. According to Kotlyarov, the United States and China are partners, but potential opponents: "They have complicated relations in the South China Sea, because the US is supporting China's opponents on territorial disputes. It is a very important region in terms of the implementation of the 'Silk Road' project. A revision of Japan's constitution in relation to national defense and development of offensive weapons is a very difficult subject. All this, of course, is potentially directed against China. But the interdependence of the Chinese and US economies is great. No one wants to damage it."
Kotlyarov says that Trump's promise that he will introduce duties on Chinese goods will affect the US consumers in the first place, "There will be a serious increase in prices. By the way, after the crisis, when the demand for imported goods decreased in the United States, the demand for leading brands, very serious and expensive products dropped, China remained in the middle segment. It also suffered losses, but remained, because the price-performance ratio was in favor of Chinese products. "
