Part 8/10:
Meanwhile, reports indicate that the Chinese government may be softening its stance, suggesting that the door to talks is open. Yet, as history shows, domestic dynamics within the Chinese Communist Party may complicate matters, with Xi Jinping needing to maintain a façade of strength amidst international pressures.
The Human Cost
The human element of this trade war cannot be overlooked. With mass closures looming and a spike in unemployment likely, many citizens are experiencing severe financial distress. Observers note an increase in “lying flat” philosophy—where individuals are opting to scale back their spending and investments as a means of survival.