China overtook the US as Africa’s largest trading partner, and largest source of investment between 2013 – 2019. The US’s share of Africa’s foreign trade fell from 15.5% to 5.6%, while China’s share jumped from 4% to 25.6%.
China has a won clear victory in the first battle of the US “trade war”. But the U.S. will not abandon its economic struggle against China. This article analyses the forces that will determine the outcome of this “protracted” economic war.
The US Cold War framework is: to double down on fossil fuels, ramp up arms spending, cut environmental and labour regulations and drop climate commitments. It is pressing its allies to do the same. This is a clear and present danger to the rest of the world.
No Cold War short video about how US arrogance created the Ukraine war.
China’s GDP growth rate in 2024 of 5.0% compares to the U.S.’s of 2.8%. China’s was therefore 80% higher than the U.S.
US imperialism intensely craves Venezuela’s oil reserves, the largest in the planet.
And it cannot tolerate independence and sovereignty in its ‘backyard’.
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