In a recent editorial, China's state media criticized the US for its portrayal of being a victim in trade disputes, particularly amidst the ongoing trade war between the countries. The commentary highlights that the US, by outsourcing manufacturing and living beyond its means, has enjoyed benefits from globalization rather than being cheated. It accuses the US of shifting responsibility onto others while failing to address its own economic imbalances and overconsumption. Analysts predict significant repercussions for both economies as they navigate the complexities of this trade conflict.
"The US has been taking a free ride on the globalisation train, consuming more than it produces and living beyond its means for decades."
"Rather than being cheated, the US has been hoodwinking itself, believing it is a victim in global trade, when it is actually not."
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