Breitbart Business Digest: Why Trump Won the Trade War Before the First Shot Was Fired

The United States has long been known as a global economic powerhouse, with its strong and stable economy serving as the backbone of the global trading system. However, despite this well-established fact, there are still some economists who fail to recognize the crucial role that the US economy plays in the world. It is time for them to wake up and smell the coffee, as recent events have proven that the US economy is indeed the keystone of the global trading system.

In a world where trade and commerce are the driving forces of growth and development, the US economy stands tall as the leader of the pack. Its robust and diverse economy has been the envy of many nations, and for good reason. With a GDP of over $20 trillion, the US is the world’s largest economy, accounting for almost a quarter of the global GDP. This alone speaks volumes about the country’s economic might and its impact on the global trading system.

The recent trade war between the US and China has further solidified the US’s position as the keystone of the global trading system. While many feared that this trade war would have a negative impact on the US economy, the reality has been quite the opposite. In fact, as the dust settles, it is becoming increasingly clear that the US has emerged as the clear winner in this trade war, even before the first shot was fired.

One of the main reasons for this victory is the US’s strong and stable economy. While China’s economy is heavily reliant on exports, the US economy is more balanced, with a strong domestic market and a diverse range of industries. This has given the US an edge in the trade war, as it is not as heavily dependent on exports to sustain its economy. As a result, the US has been able to withstand the impact of tariffs imposed by China, while China’s economy has taken a hit.

Moreover, the US’s strong economy has also allowed it to negotiate from a position of strength. With a booming economy and record-low unemployment rates, the US has been able to withstand the pressure of the trade war and continue to grow at a steady pace. This has given the US the upper hand in negotiations, as China has been forced to make concessions in order to avoid further damage to its economy.

Another factor that has contributed to the US’s victory in the trade war is its strong and stable currency. The US dollar is the world’s reserve currency, and this gives the US a significant advantage in international trade. As the US dollar remains strong, it makes US exports more competitive in the global market, while also making imports cheaper for US consumers. This has helped to offset the impact of tariffs on US businesses and consumers, further strengthening the US economy.

Furthermore, the US’s strong economic policies and business-friendly environment have also played a crucial role in its success in the trade war. The Trump administration’s tax cuts and deregulation policies have boosted business confidence and encouraged investment, leading to a surge in economic growth. This has not only helped to offset the impact of tariffs but has also made the US a more attractive destination for foreign investment.

In addition to its economic might, the US also has a strong and stable political system, which is crucial for maintaining a stable global trading system. While other countries may experience political instability and uncertainty, the US has a well-established system of checks and balances, ensuring that policies are implemented in a fair and transparent manner. This provides a sense of security for businesses and investors, making the US a reliable and trustworthy partner in the global trading system.

In conclusion, it is clear that the US economy is the keystone of the global trading system. Its strong and stable economy, currency, and political system have all contributed to its success in the recent trade war with China. As the rest of the world has come to understand, the US economy is the driving force behind the global trading system, and its continued strength and stability are crucial for the growth and development of the world economy. It is time for economists to recognize and appreciate the crucial role that the US economy plays in the global trading system, and for the rest of us to be grateful for the US’s leadership in keeping the world economy afloat.